REGISTERED NUMBER: 00301310 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Metropolitan & Country Land & Estate

Company,Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

PPW Smith

Mrs KLJ Blythe

Mrs A D Patterson

B M G Patterson

REGISTERED OFFICE:

67 Westow Street

London

SE19 3RW

REGISTERED NUMBER:

00301310 (England and Wales)

AUDITORS:

Thornton Springer LLP

Chartered Accountants and

Statutory Auditor

67 Westow Street

London

SE19 3RW

FIXED ASSETS

Investment property

5

20,540,000

21,755,000

CURRENT ASSETS

Debtors

6

172,271

194,358

Cash at bank

353,574

241,547

525,845

435,905

CREDITORS

Amounts falling due within one year

7

(333,806

)

(249,456

)

NET CURRENT ASSETS

192,039

186,449

TOTAL ASSETS LESS CURRENT LIABILITIES

20,732,039

21,941,449

PROVISIONS FOR LIABILITIES

(3,826,784

)

(4,099,293

)

NET ASSETS

16,905,255

17,842,156

CAPITAL AND RESERVES

Called up share capital

8

24,000

24,000

Fair value reserves

9

14,641,544

15,549,770

Retained earnings

9

2,239,711

2,268,386

SHAREHOLDERS' FUNDS

16,905,255

17,842,156

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 22 November 2025 and were signed on its behalf by:

Mrs A D Patterson - Director

B M G Patterson - Director

1.	STATUTORY INFORMATION

Metropolitan & Country Land & Estate Company,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.	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.

The presentation currency of the financial statements is in Pound Sterling (£). Monetary amounts are rounded to the nearest £.

Turnover

Turnover represents rental income and 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 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.

Repairs & renewals

These costs are charged to revenue as they are incurred. The cost element of improvements is capitalised.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

21,755,000

Additions

35,000

Disposals

(1,925,000

)

Revaluations

675,000

At 31 March 2025

20,540,000

NET BOOK VALUE

At 31 March 2025

20,540,000

At 31 March 2024

21,755,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

18,468,329

Cost

2,071,671

20,540,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

2,071,671

2,105,936

Investment properties were valued on a fair value basis on 31 March 2025 by Benjamin Patterson, the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

143,618

183,373

Other debtors

28,653

10,985

172,271

194,358

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

57,361

44,487

Taxation and social security

224,400

145,673

Other creditors

52,045

59,296

333,806

249,456

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

24,000

Ordinary

£1

24,000

24,000

9.

RESERVES

Fair

Retained

value

earnings

reserves

Totals

£

£

£

At 1 April 2024

2,268,386

15,549,770

17,818,156

Profit for the year

623,099

623,099

Dividends

(1,560,000

)

(1,560,000

)

Revaluation

(675,000

)

675,000

-

Realisation of revaluation gains and losses of previous years

1,855,735

(1,855,735

)

-

Deferred tax provision

(272,509

)

272,509

-

At 31 March 2025

2,239,711

14,641,544

16,881,255

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Garth Myers FCCA, ACA (Senior Statutory Auditor)

for and on behalf of Thornton Springer LLP

11.	ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.