REGISTERED NUMBER: 08601674 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

METALIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Lakhanpaul

R Lakhanpaul

REGISTERED OFFICE:

112 Commercial Road

london

E1 1NU

REGISTERED NUMBER:

08601674 (England and Wales)

ACCOUNTANTS:

Cheshams Accountants Ltd

Chartered Certified Accountants

Suite 16,Neals Corner

2 Bath Road

Hounslow

Middlesex

TW3 3HJ

FIXED ASSETS

Tangible assets

4

1,613,456

1,516,845

Investments

5

869,824

869,824

2,483,280

2,386,669

CURRENT ASSETS

Debtors

6

24,814,455

22,427,837

Investments

7

2,524,234

-

Cash at bank

348,803

117,300

27,687,492

22,545,137

CREDITORS

Amounts falling due within one year

8

10,471,664

10,973,702

NET CURRENT ASSETS

17,215,828

11,571,435

TOTAL ASSETS LESS CURRENT LIABILITIES

19,699,108

13,958,104

CREDITORS

Amounts falling due after more than one year

9

11,903,024

12,145,068

NET ASSETS

7,796,084

1,813,036

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

7,795,984

1,812,936

SHAREHOLDERS' FUNDS

7,796,084

1,813,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

P Lakhanpaul - Director

1.	STATUTORY INFORMATION

Metalic 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 August 2024

1,500,000

50,000

7,000

44,071

1,601,071

Additions

-

-

64,569

69,858

134,427

At 31 July 2025

1,500,000

50,000

71,569

113,929

1,735,498

DEPRECIATION

At 1 August 2024

-

47,501

6,598

30,127

84,226

Charge for year

-

624

16,242

20,950

37,816

At 31 July 2025

-

48,125

22,840

51,077

122,042

NET BOOK VALUE

At 31 July 2025

1,500,000

1,875

48,729

62,852

1,613,456

At 31 July 2024

1,500,000

2,499

402

13,944

1,516,845

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2024

and 31 July 2025

869,824

NET BOOK VALUE

At 31 July 2025

869,824

At 31 July 2024

869,824

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

284,012

86,493

Amounts owed by group undertakings

17,257,622

22,060,617

Amounts owed by associates

6,992,094

-

Other debtors

280,727

280,727

24,814,455

22,427,837

Amounts owed by group undertakings included in debtors falling due in one year comprise::

R Heathrow Ariel Propco Limited £16,214,467

Falcondale Limited £ 1,043,056

Ribbon Heathrow Ariel Limited £ 99

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Shares in group undertakings

2,524,234

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

136,333

172,536

Amounts owed to group undertakings

6,593,671

8,145,290

Amounts owed to associates

1,124,057

-

Taxation and social security

96,821

57,093

Other creditors

2,520,782

2,598,783

10,471,664

10,973,702

Amounts owed to group undertakings included in creditors falling due in one year comprise:

Starry Hospitality Limited £ 723,965

Melodious Limited £ 13,999

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

11,903,024

12,145,068

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

ordinary

£1.00

100

100

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY