REGISTERED NUMBER: 10264098 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Metkey Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Singh

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

10264098 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

4

1,652,073

1,652,073

CURRENT ASSETS

Debtors

5

4,244

5,555

Cash at bank

17,842

11,026

22,086

16,581

CREDITORS

Amounts falling due within one year

6

1,556,523

1,644,208

NET CURRENT LIABILITIES

(1,534,437

)

(1,627,627

)

TOTAL ASSETS LESS CURRENT LIABILITIES

117,636

24,446

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

117,536

24,346

117,636

24,446

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

S Singh - Director

1.	STATUTORY INFORMATION

Metkey Developments 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is not depreciated but is revalued annually at its fair value, with any surplus or deficit arising from changes in fair value recognised in the profit and loss account and transferred to a fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,652,073

NET BOOK VALUE

At 31 December 2024

1,652,073

At 31 December 2023

1,652,073

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

1,652,073

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

1,652,073

1,652,073

Aggregate depreciation

(33,041

)

-

Investment property was valued on a fair value basis on 31 December 2024 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

3,100

Amounts owed by related party

2,665

888

Other debtors

108

-

Prepayments

1,471

1,567

4,244

5,555

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

389

7,175

Amounts owed to related party

1,525,070

1,629,469

Tax

31,064

7,564

1,556,523

1,644,208