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Registered number: 12702304
Metro Holdings Group (UK) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
JMS Accounting Services Ltd
485 Catalyst House
720 Centennial Court, Centennial Park
Elstree
Herfordshire
WD6 3SY
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 12702304
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,725,000 1,010,855
1,725,000 1,010,855
CURRENT ASSETS
Debtors 402,563 369,651
Cash at bank and in hand 5,688 222,616
408,251 592,267
Creditors: Amounts Falling Due Within One Year (814,425 ) (546,480 )
NET CURRENT ASSETS (LIABILITIES) (406,174 ) 45,787
TOTAL ASSETS LESS CURRENT LIABILITIES 1,318,826 1,056,642
Creditors: Amounts Falling Due After More Than One Year (908,553 ) (629,053 )
NET ASSETS 410,273 427,589
CAPITAL AND RESERVES
Called up share capital 6 2 2
Revaluation reserve 7 345,975 325,000
Income Statement 64,296 102,587
SHAREHOLDERS' FUNDS 410,273 427,589
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 3 May 2025 and were signed on its behalf by:
Mohammad Bedrekar
Director
03/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Metro Holdings Group (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12702304 . The registered office is 3 Station Road , Langley, Slough, SL3 8BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.4. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 1,010,855
Additions 693,170
Revaluations 20,975
As at 30 June 2024 1,725,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,340,631 972,000
5. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 629,553 629,553
Page 3
Page 4
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
7. Reserves
Revaluation Reserve
£
As at 1 July 2023 325,000
Surplus on revaluation 20,975
As at 30 June 2024 345,975
Page 4