Registered number
14469924
MET Recruitment Holdings Ltd
Filleted Accounts
28 November 2024

MET Recruitment Holdings Ltd
Registered number: | 14469924
Balance Sheet
as at 28 November 2024
Notes |  |  | 2024 |  |  | 2023
£ | £ | £ | £
Fixed assets
Tangible assets | 3 |  |  | 409,000 |  |  | 409,000
Current assets
Debtors | 4 |  | 20,000 |  |  | 21,000
Cash at bank and in hand |  |  | 1,872 |  |  | 893
|  |  | 21,872 |  |  | 21,893
Creditors: amounts falling due within one year | 5 |  | (168,383) |  |  | (154,277)
Net current liabilities |  |  |  | (146,511) |  |  | (132,384)
Total assets less current liabilities |  |  |  | 262,489 |  |  | 276,616
Creditors: amounts falling due after more than one year | 6 |  |  | (246,532) |  |  | (269,192)
Net assets |  |  |  | 15,957 |  |  | 7,424
Capital and reserves
Called up share capital | 8 |  |  | 1,000 |  |  | 1,000
Profit and loss account |  |  |  | 14,957 |  |  | 6,424
Shareholders' funds |  |  |  | 15,957 |  |  | 7,424
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Tong
Director
Approved by the board on 18 November 2025

MET Recruitment Holdings Ltd
Notes to the Accounts
for the period from 1 December 2023 to 28 November 2024
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are presented in Sterling which is the functional currency of the company and rounded to the nearest £.
| 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Investment properties | No depreciation charged
| Investment properties
| Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise and transferred to a revaluation reserve. Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in property, plant and equipment at cost less accumulated depreciation and accumulated impairment losses.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 | Employees | 2024 |  | 2023
Number | Number
| Average number of persons employed by the company | - |  | 3
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Investment properties
£
| Cost
| At 1 December 2023 | 409,000
| At 28 November 2024 | 409,000
| Depreciation
| At 28 November 2024 | -
| Net book value
| At 28 November 2024 | 409,000
| At 30 November 2023 | 409,000
| Investment properties: | 2024 |  | 2023
£ | £
| Historical cost | 409,000 |  | 409,000
| Cumulative depreciation based on historical cost | - |  | -
|  |  |  |  |  | 409,000 |  | 409,000
| Investment properties have been valued by the directors at their market value at the balance sheet date.
4 | Debtors | 2024 |  | 2023
£ | £
| Other debtors | 20,000 |  | 21,000
5 | Creditors: amounts falling due within one year | 2024 |  | 2023
£ | £
| Bank loans and overdrafts | 10,776 |  | -
| Other creditors | 157,607 |  | 154,277
|  |  |  |  |  | 168,383 |  | 154,277
6 | Creditors: amounts falling due after one year | 2024 |  | 2023
£ | £
| Bank loans | 246,532 |  | 268,083
| Other creditors | - |  | 1,109
|  |  |  |  |  | 246,532 |  | 269,192
7 | Loans | 2024 |  | 2023
£ | £
| Creditors include:
| Instalments falling due for payment after more than five years | 203,430 |  | 268,083
| Secured bank loans | 257,308 |  | 268,083
| The bank loan is secured by a first fixed legal charge over the investment properties and all future rental income, and a first floating charge over all assets of the company.
8 | Share capital | 2024 |  | 2023
£ | £
| Allotted, called up and fully paid:
| Ordinary shares | 1,000 |  | 1,000
9 | Other information
| MET Recruitment Holdings Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
| 203-204 Wolverhampton Street
| Dudley
| West Midlands
| DY1 1ED
| Its registered number is: | 14469924

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