Company No:
Contents
| Note | 28.02.2025 | 30.11.2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 0 | 4,730 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand | 5 |
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| 28,192 | 36,015 | |||
| Creditors: amounts falling due within one year | 6 | (
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| Net current assets | 25,192 | 33,254 | ||
| Total assets less current liabilities | 25,192 | 37,984 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 7 |
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| Profit and loss account |
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| Total shareholder's funds |
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Director's responsibilities:
The financial statements of Metaverse Advisors Limited (registered number:
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A J Challans
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Metaverse Advisors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
In the financial period, the directors made the decision that the company would cease trading. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the company's assets have been written down to their net realisable value.
The Company lengthened its accounting reference date to 28 February 2025 in order to be in line with the end of the cessation of trade. As a result, these financial statements cover the 15 month period from 1 December 2023 to 28 February 2025 and the comparative amounts presented in the financial statements including the related notes are therefore not entirely comparable.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
| Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| Period from 01.12.2023 to 28.02.2025 |
Year ended 30.11.2023 |
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| Number | Number | ||
| Monthly average number of persons employed by the company during the period, including the director |
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| Plant and machinery etc. | Total | ||
| £ | £ | ||
| Cost | |||
| At 01 December 2023 |
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| Additions |
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| Disposals | (
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| At 28 February 2025 |
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| Accumulated depreciation | |||
| At 01 December 2023 |
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| Charge for the financial period |
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| Disposals | (
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| At 28 February 2025 |
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| Net book value | |||
| At 28 February 2025 |
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| At 30 November 2023 |
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| 28.02.2025 | 30.11.2023 | ||
| £ | £ | ||
| Corporation tax |
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| Other debtors |
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| 28.02.2025 | 30.11.2023 | ||
| £ | £ | ||
| Cash at bank and in hand |
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| 28.02.2025 | 30.11.2023 | ||
| £ | £ | ||
| Other creditors |
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| 28.02.2025 | 30.11.2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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Included within debtors is an amount of £8,088 due to (2023: £61 within other creditors due from) the company director. The balance is unsecured, interest free and repayable upon demand.