MET Recruitment UK Group Ltd - Filleted accounts

Registered number

14481104

MET Recruitment UK Group Ltd

Filleted Accounts

28 November 2024

MET Recruitment UK Group Ltd
Registered number:		14481104
Balance Sheet
as at 28 November 2024

Notes			2024			2023
£			£	£		£
Fixed assets
Investments	3		5,000,000			5,000,000

Current assets
Debtors	4	-			100
Cash at bank and in hand		100			-
		100			100

Creditors: amounts falling due within one year	5	(4,384,173)			(4,487,941)

Net current liabilities			(4,384,073)			(4,487,841)

Net assets			615,927			512,159

Capital and reserves
Called up share capital	6		100			100
Profit and loss account			615,827			512,059

Shareholder's funds			615,927			512,159

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 member has 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 UK Group Ltd
Notes to the Accounts
for the period from 30 November 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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 30 November 2023				5,000,000

	At 28 November 2024				5,000,000

	Historical cost
	At 30 November 2023				5,000,000
	At 28 November 2024				5,000,000



4	Debtors		2024		2023
£				£

	Other debtors		-		100


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Other creditors		4,384,173		4,487,941


6	Share capital		2024		2023
£				£

	Allotted, called up and fully paid:
	Ordinary shares		100		100


7	Other information

	MET Recruitment UK Group Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	2 St. James Gate
	Newcastle Upon Tyne
	Tyne and Wear
	NE1 4AD

	Its registered number is:	14481104