REGISTERED NUMBER: 01837300 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Metro Textiles Corner Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Shalom

Mr I Shalom

SECRETARY:

Mr A Shalom

REGISTERED OFFICE:

5 North End Road

London

NW11 7RJ

REGISTERED NUMBER:

01837300 (England and Wales)

ACCOUNTANTS:

London Accounting Group Ltd

FIXED ASSETS

Tangible assets

4

3,239

4,318

Investments

5

1,413,421

1,413,421

1,416,660

1,417,739

CURRENT ASSETS

Stocks

6

429,500

425,000

Debtors

7

748,701

729,512

Cash at bank and in hand

532,000

543,919

1,710,201

1,698,431

CREDITORS

Amounts falling due within one year

8

341,955

357,446

NET CURRENT ASSETS

1,368,246

1,340,985

TOTAL ASSETS LESS CURRENT LIABILITIES

2,784,906

2,758,724

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

2,784,806

2,758,624

SHAREHOLDERS' FUNDS

2,784,906

2,758,724

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 15 July 2026 and were signed on its behalf by:

Mr A Shalom - Director

1.	STATUTORY INFORMATION

Metro Textiles Corner 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

97,085

18,346

115,431

DEPRECIATION

At 1 August 2024

93,445

17,668

111,113

Charge for year

910

169

1,079

At 31 July 2025

94,355

17,837

112,192

NET BOOK VALUE

At 31 July 2025

2,730

509

3,239

At 31 July 2024

3,640

678

4,318

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2024

and 31 July 2025

1,413,421

NET BOOK VALUE

At 31 July 2025

1,413,421

At 31 July 2024

1,413,421

6.

STOCKS

31.7.25

31.7.24

£

£

Stocks

20,000

-

Finished goods and goods for resale

409,500

425,000

429,500

425,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Amounts owed by connected companies

626,099

626,099

Other debtors

122,602

103,413

748,701

729,512

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

47,548

55,304

Amounts owed to connected companies

100,244

100,244

Taxation and social security

1,096

8,950

Other creditors

193,067

192,948

341,955

357,446

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

2

Ordinary

£1

2

2

98

Ordinary A shares

£1

98

98

100

100

10.

RESERVES

Retained

earnings

£

At 1 August 2024

2,758,624

Profit for the year

26,182

At 31 July 2025

2,784,806

11.	ULTIMATE CONTROLLING PARTY