Metos UK Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Metos UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11498457 . The registered office is Baston Fen Farm, Baston Outgang Road, Peterborough, PE6 9PU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company will no longer be supported by its controlling party and ultimate parent company and so has ceased trading. Therefore, the financial statements have been prepared under the ‘break-up’ basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & machinery	25% Reducing balance
Motor vehicles	25% Reducing balance
Computer equipment	25% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

...CONTINUED

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Metos UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2026

2.6. Financial Instruments - continued

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in

the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinar ycourse of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are

discharged or cancelled.

2.7. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

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Metos UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2026

2.9. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.10 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12 Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.13 Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible assets

	Plant & machinery	Motor vehicles	Computer equipment	Total
	£	£	£	£
Cost
As at 1 October 2025	4,986	22,500	5,494	32,980
Additions	-	34,000	-	34,000
Disposals	(4,986 )	(56,500 )	(5,494 )	(66,980 )

As at 30 September 2026	-	-	-	-

Depreciation
As at 1 October 2025	3,260	7,734	4,172	15,166
Provided during the period	-	3,356	-	3,356
Disposals	(3,260 )	(11,090 )	(4,172 )	(18,522 )

As at 30 September 2026	-	-	-	-

Net Book Value
As at 30 September 2026	-	-	-	-

As at 1 October 2025	1,726	14,766	1,322	17,814

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Metos UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	122,555
Other debtors	-	288

	-	122,843

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	147,216	266,801
Bank loans and overdrafts	-	3,333
Amounts owed to group undertakings	50,898	50,898
Other creditors	27,258	31,065
Taxation and social security	-	33,424

	225,372	385,521

The bank loans of £Nil (2025: £3,333) falling due within one year are secured by the Company.

Amounts owed to group undertakings are unsecured, are interest free and repayable on demand.

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	200	200

8. Related Party Disclosures

Included within other creditors is a balance of £7,807 owed to the director (2025: £8,111). No interest has been charged on these loans. The loans are repayable on demand.

As at 30 September 2026, the Company owed £50,898 (2025: £50,898) to its controlling undertaking. This balance is unsecured interest free and repayable on demand.

As at 30 September 2026 the Company owed £147,216 (2025: £259,820) to its ultimate parent undertaking. This is a trading balance and included within trade creditors.

9. Going Concern

Metos UK Limited will no longer be supported by its controlling party and ultimate parent company, so the company ceased trading on 30 June 2026. Therefore, the going concern basis is not appropriate in this company’s circumstances. The financial statements have been prepared under the ‘break-up’ basis.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		-		17,814

			-		17,814
CURRENT ASSETS
Stocks		-		57,444
Debtors	5	-		122,843
Cash at bank and in hand		-		46,953

		-		227,240
Creditors: Amounts Falling Due Within One Year	6	(225,372 )		(385,521 )

NET CURRENT ASSETS (LIABILITIES)			(225,372 )		(158,281 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(225,372 )		(140,467 )

NET LIABILITIES			(225,372 )		(140,467 )

CAPITAL AND RESERVES
Called up share capital	7		200		200
Profit and Loss Account			(225,572 )		(140,667 )

SHAREHOLDERS' FUNDS			(225,372)		(140,467)