Metric Construction (Holdings) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04131930 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

METRIC CONSTRUCTION (HOLDINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L D Metcalfe

G Ritchie

A J Chapman

REGISTERED OFFICE:

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

REGISTERED NUMBER:

04131930 (England and Wales)

ACCOUNTANTS:

P B Syddall & Co

Chartered Accountants

Grafton House

81 Chorley Old Road

Bolton

Lancashire

BL1 3AJ

BANKERS:

The Royal Bank of Scotland plc

Horwich Branch

29 Lee Lane

Bolton

Lancashire

BL6 7AY

FIXED ASSETS

Investments

5

101

Investment property

6

1,410,000

1,410,101

CURRENT ASSETS

Debtors

7

192,918

248,959

Cash at bank

327

14,229

193,245

263,188

CREDITORS

Amounts falling due within one year

8

215,026

277,496

NET CURRENT LIABILITIES

(21,781

)

(14,308

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,388,320

1,395,793

CREDITORS

Amounts falling due after more than one
year

9

1,073,706

1,078,578

NET ASSETS

314,614

317,215

CAPITAL AND RESERVES

Called up share capital

11

300

Revaluation reserve

12

315,000

Retained earnings

(686

)

1,915

SHAREHOLDERS' FUNDS

314,614

317,215

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 23 September 2025 and were signed on its behalf by:

G Ritchie - Director

1.	STATUTORY INFORMATION

Metric Construction (Holdings) 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.	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 as modified by the revaluation of certain assets.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Metric Construction (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER

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

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

101

NET BOOK VALUE

At 31 December 2024

101

At 31 December 2023

101

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,410,000

NET BOOK VALUE

At 31 December 2024

1,410,000

At 31 December 2023

1,410,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2005

1,068,000

Valuation in 2013

390,000

Valuation in 2024

147,000

Cost

(195,000

)

1,410,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

159,150

90,900

Amounts owed by group undertakings

7,647

6,863

Other debtors

8,774

125,000

Directors current account

16,909

26,196

Prepayments and accrued income

438

-

192,918

248,959

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

4,872

Amounts owed to group undertakings

59,674

141,168

Tax

15,628

14,729

Social security and other taxes

10,685

7,031

VAT

20,000

9,359

Other creditors

87,750

87,500

Accrued expenses

16,417

12,837

215,026

277,496

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 2-5 years

19,487

Bank loans more 5 yr by instal

1,054,219

1,059,091

1,073,706

1,078,578

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,054,219

1,059,091

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

1,078,578

1,083,450

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

150

Ordinary

£1

150

75

Ordinary A

£1

75

Ordinary B

£1

75

300

12.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

315,000

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

G Ritchie and L D Metcalfe

Balance outstanding at start of year

26,196

(167

)

Amounts advanced

37,113

26,363

Amounts repaid

(46,700

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

16,609

26,196

14.	RELATED PARTY DISCLOSURES

£59,674 (2023- £141,168) was owed to Metric Construction (North West) Limited at the balance sheet date. Metric Construction (North West) Limited is deemed to be related as 100% of its issued shares are owned by the reporting entity. The amount is fully repayable and no amounts have been written off during the year.

£6,863 (2023 - £6,863) was owed by Metric Construction (Nazarene Court) Limited at the balance sheet date. Metric Construction (Nazarene Court) Limited is deemed to be related as 100% of its issued shares are owned by the reporting entity. The amount is fully repayable and no amounts have been written off during the year.

During 2020 the company loaned £225,000 to Metric Developments Limited (was Middle Row Barns (Lupton) Limited), a company in which the directors of the reporting entity are materially interested in as directors. Interest will be charged at a rate of 2.5% and the loan is fully repayable over a period of 24 months. During the previous year £100,000 was repaid. A further £50,000 advance has been made during the current year and repayments totalling £166,226. The balance still owing - £8,774 - is included within debtors due within one year.

The company owes £87,500 (2023 - £115,500) to Switzer Holdings (UK) Limited, a company in which director, Adam Chapman, is materially interested in as director/shareholder. This amount is included within creditors due within one year.

During the current year the company has sold services to Metric Construction (North West) Limited £31,875 (2023 - £31,720) and Metric Developments Limited £25,000 (2023 - £25,000). Trade debtors are included for £99,150 and £60,000 respectively.