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REGISTERED NUMBER: 02444360 (England and Wales)















Metnor (Great Yarmouth) Limited

Unaudited Financial Statements

for the year ended

31 December 2024






Metnor (Great Yarmouth) Limited (Registered number: 02444360)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


Metnor (Great Yarmouth) Limited (Registered number: 02444360)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 126,505 155,554

CURRENT ASSETS
Stocks 414,483 414,383
Debtors 6 3,842,827 1,555,877
Cash at bank 685,438 2,053,381
4,942,748 4,023,641
CREDITORS
Amounts falling due within one year 7 (642,677 ) (781,506 )
NET CURRENT ASSETS 4,300,071 3,242,135
TOTAL ASSETS LESS CURRENT LIABILITIES 4,426,576 3,397,689

PROVISIONS FOR LIABILITIES - (38,889 )
NET ASSETS 4,426,576 3,358,800

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 4,376,576 3,308,800
SHAREHOLDERS' FUNDS 4,426,576 3,358,800

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 26 June 2025 and were signed on its behalf by:





K Brooks - Director


Metnor (Great Yarmouth) Limited (Registered number: 02444360)

Notes to the Financial Statements
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Metnor (Great Yarmouth) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02444360

Registered office: Edison Way, Off Morton Peto Road
Gapton Hall Ind. Estate
Great Yarmouth
Norfolk
NR31 0NG

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% straight line
Plant and machinery - 33.33% straight line
Fixtures and fittings - 33.33% straight line
Motor vehicles - 33.33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Metnor (Great Yarmouth) Limited (Registered number: 02444360)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 318,961 2,625,561 190,310 88,252 3,223,084
Additions - 7,300 - - 7,300
At 31 December 2024 318,961 2,632,861 190,310 88,252 3,230,384
DEPRECIATION
At 1 January 2024 194,112 2,607,124 186,521 79,773 3,067,530
Charge for year 12,758 12,628 2,669 8,294 36,349
At 31 December 2024 206,870 2,619,752 189,190 88,067 3,103,879
NET BOOK VALUE
At 31 December 2024 112,091 13,109 1,120 185 126,505
At 31 December 2023 124,849 18,437 3,789 8,479 155,554

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,810,747 1,542,084
Amounts owed by group undertakings 2,000,322 322
Other debtors 31,758 13,471
3,842,827 1,555,877

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 335,563 129,262
Taxation and social security 289,372 638,424
Other creditors 17,742 13,820
642,677 781,506

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary Shares 1 50,000 50,000

9. ULTIMATE CONTROLLING PARTY

The Company is a subsidiary undertaking of Rosco Property Group Limited. The ultimate controlling party is S and Mrs K Rankin.

At the year ending 31th December 2024 Rosco Property Group Limited owed Metnor (Great Yarmouth) Limited £2,000,321.