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Company No: 07059290 (England and Wales)

METRARC LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

METRARC LIMITED

UNAUDITED FINANCIAL STATEMENTS

For the financial year ended 31 October 2024

Contents

METRARC LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2024
METRARC LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
Directors Dr M J Goodall (Appointed 14 November 2023)
Dr W G J Howells
Prof K D Mcdonald-Maier
Dr G K Robinson (Resigned 14 November 2023)
Dr R J R Singh
Secretary Prof K D Mcdonald-Maier
Registered office 37 St. Margarets Street
Canterbury
CT1 2TU
United Kingdom
Company number 07059290 (England and Wales)
Accountant Kreston Reeves LLP
2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF METRARC LIMITED

For the financial year ended 31 October 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF METRARC LIMITED (continued)

For the financial year ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Metrarc Limited for the financial year ended 31 October 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Metrarc Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Metrarc Limited. You consider that Metrarc Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Metrarc Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Metrarc Limited, as a body, in accordance with the terms of our engagement letter dated 19 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Metrarc Limited and state those matters that we have agreed to state to the Board of Directors of Metrarc Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Metrarc Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ

25 June 2025

METRARC LIMITED

BALANCE SHEET

As at 31 October 2024
METRARC LIMITED

BALANCE SHEET (continued)

For the financial year ended 31 October 2024
2024 2023
£ £
Fixed assets 233 311
Current assets 81,077 69,781
Prepayments and accrued income 150 150
Creditors: amounts falling due within one year ( 59,634) ( 59,133)
Net current assets 21,593 10,798
Total assets less current liabilities 21,826 11,109
Creditors: amounts falling due after more than one year ( 60,000) ( 60,000)
Accruals and deferred income ( 2,195) ( 2,508)
Net liabilities ( 40,369) ( 51,399)
Capital and reserves ( 40,369) ( 51,399)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Metrarc Limited (registered number: 07059290) were approved and authorised for issue by the Board of Directors on 25 June 2025 and were signed on its behalf by:

Prof K D Mcdonald-Maier
Director
METRARC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
METRARC LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the For the financial year ended 31 October 2024

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 07059290). The address of its registered office is 37 St. Margarets Street, Canterbury, CT1 2TU, United Kingdom.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the financial year, including directors 5 5

3. Going concern

The financial statements have been prepared on a going concern basis.

The company has secured grant funding to support the research work being carried out and has been supported by the Directors. The convertible preference shares will be converted to ordinary shares once the conditions are met. Taking into account all these factors, the directors consider it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would arise from the withdrawal of this support.