REGISTERED NUMBER: 06389694 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Metropolis Entertainment Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs D S Jenkins

SECRETARY:

Mr S D Rebbetts

REGISTERED OFFICE:

Ansty House

Henfield Road

Small Dole

Henfield

West Sussex

BN5 9XH

REGISTERED NUMBER:

06389694 (England and Wales)

ACCOUNTANTS:

Sigma Partners

Delmon House

36-38 Church Road

Burgess Hill

West Sussex

RH15 9AE

BANKERS:

HSBC

1 Corn Market

High Wycombe

Buckinghamshire

HP11 2AY

FIXED ASSETS

Intangible assets

4

41,150

106,712

Tangible assets

5

51,713

67,268

92,863

173,980

CURRENT ASSETS

Debtors

6

15,507

22,801

Cash at bank

123,956

96,423

139,463

119,224

CREDITORS

Amounts falling due within one year

7

12,985

541,395

NET CURRENT ASSETS/(LIABILITIES)

126,478

(422,171

)

TOTAL ASSETS LESS CURRENT LIABILITIES

219,341

(248,191

)

CREDITORS

Amounts falling due after more than one year

8

820,000

1,820,000

NET LIABILITIES

(600,659

)

(2,068,191

)

CAPITAL AND RESERVES

Called up share capital

1,146,000

1,146,000

Share premium

99,900

99,900

Retained earnings

(1,846,559

)

(3,314,091

)

SHAREHOLDERS' FUNDS

(600,659

)

(2,068,191

)

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

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

The director acknowledges her 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 director and authorised for issue on 18 May 2026 and were signed by:

Mrs D S Jenkins - Director

1.	STATUTORY INFORMATION

Metropolis Entertainment 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other Intangible Assets are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Other intangibles

Other intangible assets relate to the expertise and branding purchased in connection with purchasing the business in 2007. Since 2016, other intangible assets are being amortised over their remaining estimated useful life of 10 years.

Development costs

Development costs are costs directly attributable to bringing simulators into use and are capitalised when the simulators are licensed for use over a term of more than one year. Development costs are shown at historical cost less amortisation. Amortisation is charged to the profit and loss account in proportion to the revenue receivable over their useful lives. The useful lives of the projects are determined by reference to the underlying contracts which license their use. Useful lives range from 4 to 11 years. Residual value cannot be estimated as there is no commitment to purchase and no active market for re-sale and therefore residual value is presumed to be nil.

Tangible fixed assets

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

Simulator Equipment

-

at varying rates on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

20% on 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company shows a net liabilities position. To continue as a going concern, the company has relied on support from the estate of Mr M J Hunt. The support from the estate has been provided in the form of not drawing on the long-term loan, writing off part of the loan balance and ceasing to charge interest on the loan.

The beneficiaries of the estate of the former director, have indicated that they will continue to support the company in these ways until the company is in a better financial position.

These financial statements are therefore prepared on a going concern basis as the ultimate controlling parties have confirmed ongoing support for a period of at least 12 months following the date of the accountant's report.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

Intangible

Development

Assets

costs

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

841,500

1,126,672

1,968,172

AMORTISATION

At 1 November 2024

791,010

1,070,450

1,861,460

Amortisation for year

50,490

15,072

65,562

At 31 October 2025

841,500

1,085,522

1,927,022

NET BOOK VALUE

At 31 October 2025

-

41,150

41,150

At 31 October 2024

50,490

56,222

106,712

5.	TANGIBLE FIXED ASSETS

Simulator

Plant and

Computer

Equipment

machinery

equipment

Totals

£

£

£

£

COST

At 1 November 2024

and 31 October 2025

1,441,445

3,400

3,767

1,448,612

DEPRECIATION

At 1 November 2024

1,374,761

3,380

3,203

1,381,344

Charge for year

15,409

5

141

15,555

At 31 October 2025

1,390,170

3,385

3,344

1,396,899

NET BOOK VALUE

At 31 October 2025

51,275

15

423

51,713

At 31 October 2024

66,684

20

564

67,268

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

5,670

14,029

Other debtors

9,837

8,772

15,507

22,801

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

2,236

427,724

Taxation and social security

4,603

106,664

Other creditors

6,146

7,007

12,985

541,395

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Other creditors

820,000

1,820,000

9.	RELATED PARTY DISCLOSURES

During the period, loans of £1,000,000 have been written off by the estate of Mr M J Hunt (2024 - £nil written off). As at the balance sheet date a loan of £820,000 (2024 - £1,820,000) is owed to the estate of Mr M J Hunt, the ultimate controlling party. Interest of £nil (2024 - £131,165) has been charged on the loan during the year. Interest totalling £529,707 (gross of tax) has been written off during the period (2024 - £nil write off). No interest (2024 - £425,311) remains owing to the estate of Mr M J Hunt as at the balance sheet date.

East Sussex National Ltd, a company related via common control, has re-charged expenses of £2,612 (2024 - £3,363) including £645 (2024 - £990) accrued at the balance sheet date.

Swynson Ltd , a company related via common control, has charged £11,000 during the year (2024 - £11,000). £2,200 is owing to Swynson at the balance sheet date (2024 - £1,100).

Corporate Administration Management Ltd, a company related via common control, has re-charged expenses of £3,100 (2024 - £4,473), of which, £nil was included in creditors at the balance sheet date (2024 - £1,276).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be Ansty House Holdings Ltd, the majority shareholder.