1 December 2023 false No description of principal activity Taxfiler 2024.6 SC681222 business:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC681222 2023-11-30 SC681222 2023-12-01 2024-11-30 SC681222 business:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 SC681222 business:FilletedAccounts 2023-12-01 2024-11-30 SC681222 2024-11-30 SC681222 business:Director1 2023-12-01 2024-11-30 SC681222 business:Director2 2023-12-01 2024-11-30 SC681222 business:RegisteredOffice 2023-12-01 2024-11-30 SC681222 2023-11-30 SC681222 core:WithinOneYear 2024-11-30 SC681222 core:WithinOneYear 2023-11-30 SC681222 core:ShareCapital core:PreviouslyStatedAmount 2024-11-30 SC681222 core:ShareCapital core:PreviouslyStatedAmount 2023-11-30 SC681222 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-11-30 SC681222 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-11-30 SC681222 core:PreviouslyStatedAmount 2024-11-30 SC681222 core:PreviouslyStatedAmount 2023-11-30 SC681222 business:SmallEntities 2023-12-01 2024-11-30 SC681222 countries:Scotland 2023-12-01 2024-11-30 SC681222 core:LandBuildings 2023-12-01 2024-11-30 SC681222 core:FurnitureFittings 2023-12-01 2024-11-30 SC681222 core:ComputerEquipment 2023-12-01 2024-11-30 SC681222 core:PlantMachinery 2023-11-30 SC681222 core:FurnitureFittings 2023-11-30 SC681222 core:ComputerEquipment 2023-11-30 SC681222 core:PlantMachinery 2023-12-01 2024-11-30 SC681222 core:PlantMachinery 2024-11-30 SC681222 core:FurnitureFittings 2024-11-30 SC681222 core:ComputerEquipment 2024-11-30 SC681222 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC681222 (Scotland)
STAY METRO LTD Unaudited accounts for the year ended 30 November 2024
STAY METRO LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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STAY METRO LTD Company Information for the year ended 30 November 2024
Directors
Srikesh GOPISREESYLAM Shamil LATEEF
Company Number
SC681222 (Scotland)
Registered Office
C/O 10th Floor 133 Finnieston Street Glasgow G3 8HB United Kingdom
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STAY METRO LTD Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
24,866
-
Current assets
Debtors
5
1,092
16,272
Investments
6
100
100
Cash at bank and in hand
239,243
7,260
240,435
23,632
Creditors: amounts falling due within one year
7
(250,440)
(22,552)
Net current (liabilities)/assets
(10,005)
1,080
Net assets
14,861
1,080
Capital and reserves
Called up share capital
100
100
Profit and loss account
14,761
980
Shareholders' funds
14,861
1,080
For the year ending 30 November 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by
Srikesh GOPISREESYLAM Director Company Registration No. SC681222
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STAY METRO LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
STAY METRO LTD is a private company, limited by shares, registered in Scotland, registration number SC681222. The registered office is C/O 10th Floor, 133 Finnieston Street, Glasgow, G3 8HB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
33%
Fixtures & fittings
20%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
-
-
-
-
Additions
900
25,058
553
26,511
At 30 November 2024
900
25,058
553
26,511
Depreciation
Charge for the year
297
1,210
138
1,645
At 30 November 2024
297
1,210
138
1,645
Net book value
At 30 November 2024
603
23,848
415
24,866
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
1,092
16,272
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STAY METRO LTD Notes to the Accounts for the year ended 30 November 2024
6
Investments held as current assets
2024
2023
£
£
Unlisted investments
100
100
7
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
7,471
-
Trade creditors
43,463
-
Taxes and social security
36,992
230
Proposed dividends
64,365
-
Other creditors
6,212
-
Loans from directors
91,937
21,472
Accruals
-
850
250,440
22,552
The company has not recognised deferred tax on timing differences arising from capital allowances and depreciation as the amounts are considered immaterial to the financial statements.
9
Average number of employees
During the year the average number of employees was 5 (2023: 0).
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