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Company No: 13728363 (England and Wales)

METAVERSE ADVISORS LIMITED

Unaudited Financial Statements
For the financial period from 01 December 2023 to 28 February 2025
Pages for filing with the registrar

METAVERSE ADVISORS LIMITED

Unaudited Financial Statements

For the financial period from 01 December 2023 to 28 February 2025

Contents

METAVERSE ADVISORS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 28 February 2025
METAVERSE ADVISORS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2025
Note 28.02.2025 30.11.2023
£ £
Fixed assets
Tangible assets 3 0 4,730
0 4,730
Current assets
Debtors 4 10,389 0
Cash at bank and in hand 5 17,803 36,015
28,192 36,015
Creditors: amounts falling due within one year 6 ( 3,000) ( 2,761)
Net current assets 25,192 33,254
Total assets less current liabilities 25,192 37,984
Net assets 25,192 37,984
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 25,092 37,884
Total shareholder's funds 25,192 37,984

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Metaverse Advisors Limited (registered number: 13728363) were approved and authorised for issue by the Director. They were signed on its behalf by:

A J Challans
Director

25 June 2025

METAVERSE ADVISORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2023 to 28 February 2025
METAVERSE ADVISORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2023 to 28 February 2025
1. Accounting policies

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.

General information and basis of accounting

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 £.

Going concern

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.

Reporting period length

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

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

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.

Dividends

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.

2. Employees

Period from
01.12.2023 to
28.02.2025
Year ended
30.11.2023
Number Number
Monthly average number of persons employed by the company during the period, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2023 6,381 6,381
Additions 6,188 6,188
Disposals ( 12,569) ( 12,569)
At 28 February 2025 0 0
Accumulated depreciation
At 01 December 2023 1,651 1,651
Charge for the financial period 2,773 2,773
Disposals ( 4,424) ( 4,424)
At 28 February 2025 0 0
Net book value
At 28 February 2025 0 0
At 30 November 2023 4,730 4,730

4. Debtors

28.02.2025 30.11.2023
£ £
Corporation tax 2,301 0
Other debtors 8,088 0
10,389 0

5. Cash and cash equivalents

28.02.2025 30.11.2023
£ £
Cash at bank and in hand 17,803 36,015

6. Creditors: amounts falling due within one year

28.02.2025 30.11.2023
£ £
Other creditors 3,000 2,761

7. Called-up share capital

28.02.2025 30.11.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

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.