ACCOUNTS - Final Accounts

Registered number: 02731015

M & T METALS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

M & T METALS LIMITED

REGISTERED NUMBER: 02731015

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		54,239		54,239
Investments	5		65,108		65,108
			119,347		119,347
Creditors: amounts falling due within one year	6	(25,446)		(25,446)
Net current liabilities			(25,446)		(25,446)
Net assets			93,901		93,901

Capital and reserves
Called up share capital	207	207
Capital redemption reserve	1	1
Profit and loss account	93,693	93,693
	93,901	93,901

For the year ended 31 December 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 May 2026.

N J Goodricke

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

M & T METALS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

M & T Metals Limited is a private company limited by shares, incorporated in England and Wales (registered number: 02731015). Its registered office is Unit F2 Holbrook Green, Holbrook Industrial Estate, Mosborough, Sheffield, S19 5FE. The principal activity of the Company throughout the year continued to be that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Long Leasehold Property

nil

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 2

M & T METALS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade receivables and payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 3

M & T METALS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

		Long Term Leasehold Property
		£
	Cost
	At 1 January 2025	60,984
	At 31 December 2025	60,984
	Depreciation
	At 1 January 2025	6,745
	At 31 December 2025	6,745
	Net book value
	At 31 December 2025	54,239
	At 31 December 2024	54,239

Page 4

M & T METALS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2025	65,108
	At 31 December 2025	65,108

The company has a 100% interest in the issued ordinary share capital of Active Metals Limited, a non listed company incorporated in the United Kingdom.

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

	Amounts owed to group undertakings	25,446	25,446

7.	Controlling party

The Company is a wholly owned subsidiary of Société pour la Fabrication du Magnésium SA, whose registered office is Rue des Sablons 9, 1920 Martigny, Switzerland.

Page 5