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REGISTERED NUMBER: 04998736 (England and Wales)






























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

METRO FINANCE BROKERS LIMITED

METRO FINANCE BROKERS LIMITED (REGISTERED NUMBER: 04998736)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


METRO FINANCE BROKERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr G E Bell
Mr Z E Evatt
Mr D G Walton
Mr A W Warren



REGISTERED OFFICE: 68 Pullman Road
Wigston
LE18 2DB



REGISTERED NUMBER: 04998736 (England and Wales)



SENIOR STATUTORY AUDITOR: Mark Harrison BA(Hons) FCA



AUDITORS: Mark J Rees LLP Chartered Accountants
Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU

METRO FINANCE BROKERS LIMITED (REGISTERED NUMBER: 04998736)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 18,392
Tangible assets 5 21,011 21,998
21,011 40,390

CURRENT ASSETS
Debtors 6 74,226 44,131
Cash at bank and in hand 406,230 254,463
480,456 298,594
CREDITORS
Amounts falling due within one year 7 131,513 86,511
NET CURRENT ASSETS 348,943 212,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,954

252,473

PROVISIONS FOR LIABILITIES 8 19,842 28,000
NET ASSETS 350,112 224,473

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 350,111 224,472
350,112 224,473

METRO FINANCE BROKERS LIMITED (REGISTERED NUMBER: 04998736)

BALANCE SHEET - continued
31 DECEMBER 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 June 2025 and were signed on its behalf by:




Mr G E Bell - Director Mr D G Walton - Director




Mr Z E Evatt - Director Mr A W Warren - Director


METRO FINANCE BROKERS LIMITED (REGISTERED NUMBER: 04998736)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Metro Finance Brokers 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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.

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

Turnover represents invoiced sales of services to customers. Commissions on policies sold are recognised when mortgage contracts complete and insurance policies go on risk. Renewals commission is recognised in the period in which renewals occur.

Insurance income taken at the outset of the policy is charged directly to the profit and loss account, however in the event of a cancellation there is potential for a clawback of fees.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance


METRO FINANCE BROKERS LIMITED (REGISTERED NUMBER: 04998736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 49 ) .

METRO FINANCE BROKERS LIMITED (REGISTERED NUMBER: 04998736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 100,000 55,170 155,170
AMORTISATION
At 1 January 2024 100,000 36,778 136,778
Charge for year - 18,392 18,392
At 31 December 2024 100,000 55,170 155,170
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - 18,392 18,392

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 65,827
Additions 4,696
At 31 December 2024 70,523
DEPRECIATION
At 1 January 2024 43,829
Charge for year 5,683
At 31 December 2024 49,512
NET BOOK VALUE
At 31 December 2024 21,011
At 31 December 2023 21,998

METRO FINANCE BROKERS LIMITED (REGISTERED NUMBER: 04998736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,676 29,553
Other debtors 14,550 14,578
74,226 44,131

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,530 24,957
Amounts owed to group undertakings 4,221 543
Taxation and social security 81,323 33,034
Other creditors 31,439 27,977
131,513 86,511

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 5,253 10,098

Other provisions
Clawback provision 4,676 14,881
Proc fee reclaim provision 9,913 3,021
14,589 17,902

Aggregate amounts 19,842 28,000

Deferred Other
tax provisions
£    £   
Balance at 1 January 2024 10,098 17,902
Movement (4,845 ) (3,313 )
Balance at 31 December 2024 5,253 14,589

METRO FINANCE BROKERS LIMITED (REGISTERED NUMBER: 04998736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Harrison BA(Hons) FCA (Senior Statutory Auditor)
for and on behalf of Mark J Rees LLP Chartered Accountants

10. ULTIMATE CONTROLLING PARTY

The company's parent and ultimate controlling parent is Meridian Holdings Group Ltd owning 100% of the shares in Metro Finance Brokers Limited. The registered address for Meridian Holdings Group Limited is 68 Pullman Road, Wigston, Leicester, LE18 2DB.