Company registration number 11556580 (England and Wales)
METROPOLIS PROJECTS PROPERTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
METROPOLIS PROJECTS PROPERTY LIMITED
COMPANY INFORMATION
Directors
L Wrenn
E Stace
Company number
11556580
Registered office
17 Pennine Parade
Pennine Drive
London
NW2 1NT
Accountants
Goldblatts
4th Floor
4 Tabernacle Street
London
EC2A 4LU
Business address
55 Slough Lane
Kingsbury
London
NW9 8YB
METROPOLIS PROJECTS PROPERTY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
METROPOLIS PROJECTS PROPERTY LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
2
767,897
767,897
Current assets
Cash at bank and in hand
99,793
174,185
Creditors: amounts falling due within one year
3
(790,325)
(798,106)
Net current liabilities
(690,532)
(623,921)
Net assets
77,365
143,976
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
77,363
143,974
Total equity
77,365
143,976

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements. true

The financial statements were approved by the board of directors and authorised for issue on 6 July 2026 and are signed on its behalf by:
L Wrenn
Director
Company registration number 11556580 (England and Wales)
METROPOLIS PROJECTS PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Metropolis Projects Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Pennine Parade, Pennine Drive, London, NW2 1NT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been prepared on a going concern basis which assumes that the true company will continue in operational existence for the foreseeable future. The validity of this assumption is dependent upon the continued support from its directors.

In addition, indications have been given that continued funding will be provided to support Treaty Homes Limited for the foreseeable future and to enable it to meet its day-to-day commitments from cash flows.

As a consequence, the director s believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. In view of the above, and at the time of approvong the financial statements, the director s ha ve a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for further liabilities that might arise.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

METROPOLIS PROJECTS PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Investment property
2025
£
Fair value
At 1 October 2024 and 30 September 2025
767,897
METROPOLIS PROJECTS PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2
Investment property
(Continued)
- 4 -

Investment property comprises of a freehold property. The fair value of the investment property includes the purchase cost and any directly attributable expenditure, The directors have valued the property at the end of the year and have confirmed that there has been no change in value since acquisition in November 2021. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

3
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
1,474
Corporation tax
-
0
28,766
Other creditors
790,325
767,866
790,325
798,106
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
2
2
2025-09-30 2024-10-01 false false false 06 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity L Wrenn E Stace 11556580 2024-10-01 2025-09-30 11556580 bus:Director1 2024-10-01 2025-09-30 11556580 bus:Director2 2024-10-01 2025-09-30 11556580 bus:RegisteredOffice 2024-10-01 2025-09-30 11556580 2025-09-30 11556580 2024-09-30 11556580 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 11556580 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 11556580 core:CurrentFinancialInstruments 2025-09-30 11556580 core:CurrentFinancialInstruments 2024-09-30 11556580 core:ShareCapital 2025-09-30 11556580 core:ShareCapital 2024-09-30 11556580 core:RetainedEarningsAccumulatedLosses 2025-09-30 11556580 core:RetainedEarningsAccumulatedLosses 2024-09-30 11556580 2024-09-30 11556580 2023-10-01 2024-09-30 11556580 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 11556580 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 11556580 bus:FRS102 2024-10-01 2025-09-30 11556580 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 11556580 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP