Metlane Lettings Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 05744305

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,507		3,096

			2,507		3,096
CURRENT ASSETS
Debtors	5	175,032		185,773
Cash at bank and in hand		102,939		60,908

		277,971		246,681
Creditors: Amounts Falling Due Within One Year	6	(267,846 )		(240,323 )

NET CURRENT ASSETS (LIABILITIES)			10,125		6,358

TOTAL ASSETS LESS CURRENT LIABILITIES			12,632		9,454

NET ASSETS			12,632		9,454

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			12,532		9,354

SHAREHOLDERS' FUNDS			12,632		9,454

For the year ending 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J Rye

Director

18 September 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Metlane Lettings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05744305 . The registered office is 19 Blackwell Road, Huithwaite, Notts, NG17 2QS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% RB
Motor Vehicles	33% RB
Fixtures & Fittings	15% RB

2.4. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the

contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently

measured as follows: Debt instruments are subsequently measured at amortised cost and commitments

to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference

shares are publicly traded or their fair value can otherwise be measured reliably, the investment is

subsequently measured at fair value with changes in fair value recognised in profit or loss. All other

such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which

is normally the transaction price and are subsequently measured at fair value, with any changes

recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of

impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment

loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually

significant, are assessed individually for impairment. Other financial assets or either assessed

individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal

does not result in a carrying amount of the financial asset that exceeds what the carrying amount would

have been had the impairment not previously been recognised.

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Metlane Lettings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 October 2024

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 31 October 2023	3,457	16,560	21,374	41,391

As at 30 October 2024	3,457	16,560	21,374	41,391

Depreciation
As at 31 October 2023	2,995	16,129	19,171	38,295
Provided during the period	115	144	330	589

As at 30 October 2024	3,110	16,273	19,501	38,884

Net Book Value
As at 30 October 2024	347	287	1,873	2,507

As at 31 October 2023	462	431	2,203	3,096

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	175,032	185,773

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1	-
Other creditors	251,058	228,309
Taxation and social security	16,787	12,014

	267,846	240,323

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Metlane Lettings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 October 2024

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

At the year end the company owed £242,358 to the Metlane Pension Scheme (2023: £222,174).

At the year end the company was owed £175,032 (2023 £185,773) by Metlane Ltd, its parent company. This loan was interest free and repayable on demand.

9. Ultimate Controlling Party

The company's ultimate controlling party is Metlane Limited by virtue of its ownership of 100% of the issued share capital in the company.

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