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REGISTERED NUMBER: 05866938 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Metropolitan Waste Limited

Metropolitan Waste Limited (Registered number: 05866938)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Metropolitan Waste Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P A Alexander
P F Connolly





REGISTERED OFFICE: Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG





REGISTERED NUMBER: 05866938 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

Metropolitan Waste Limited (Registered number: 05866938)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 5 9,493,851 9,493,851

CURRENT ASSETS
Debtors 6 806 2,031,463

CREDITORS
Amounts falling due within one year 7 2,882,970 5,453,741
NET CURRENT LIABILITIES (2,882,164 ) (3,422,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,611,687

6,071,573

CREDITORS
Amounts falling due after more than one
year

8

6,000,000

6,000,000
NET ASSETS 611,687 71,573

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 610,687 70,573
SHAREHOLDERS' FUNDS 611,687 71,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Metropolitan Waste Limited (Registered number: 05866938)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





P F Connolly - Director


Metropolitan Waste Limited (Registered number: 05866938)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Metropolitan Waste Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.
The accounts have been prepared on a going concern basis which assumes the continued financial support of the company by other group companies.

Preparation of consolidated financial statements
The financial statements contain information about Metropolitan Waste Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 9,493,851
NET BOOK VALUE
At 31 March 2024 9,493,851
At 31 March 2023 9,493,851

Metropolitan Waste Limited (Registered number: 05866938)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings - 1,991,899
Other debtors 806 39,564
806 2,031,463

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 102,022 1,933,095
Taxation and social security 293,028 293,028
Other creditors 2,487,920 3,227,618
2,882,970 5,453,741

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 6,000,000 6,000,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 6,000,000 6,000,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Other loans 6,000,000 6,000,000