Metlane Limited

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

Registered number: 02956706

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,522,571		11,274,131
Investments	5		100		100

			11,522,671		11,274,231
CURRENT ASSETS
Stocks	6	22,730		28,500
Debtors	7	55,961		59,173
Cash at bank and in hand		35,379		29,040

		114,070		116,713
Creditors: Amounts Falling Due Within One Year	8	(1,406,956 )		(1,255,804 )

NET CURRENT ASSETS (LIABILITIES)			(1,292,886 )		(1,139,091 )

TOTAL ASSETS LESS CURRENT LIABILITIES			10,229,785		10,135,140

Creditors: Amounts Falling Due After More Than One Year	9		(3,127,414 )		(3,411,233 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,024,000 )		(896,000 )

NET ASSETS			6,078,371		5,827,907

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			6,078,369		5,827,905

SHAREHOLDERS' FUNDS			6,078,371		5,827,907

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Metlane Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J Rye

Director

19 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Metlane Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02956706 . The registered office is 19 Blackwell Road, Huthwaite, Nottinghamshire, NG17 2QS.

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. 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.

2.3. 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:

Freehold	Fair value (see below)
Plant & Machinery	15% RB
Motor Vehicles	25% RB
Fixtures & Fittings	15% RB

All freehold properties are investment properties, and valued according to the relevant policy.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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.

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Metlane Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost or Valuation
As at 1 November 2024	11,273,333	12,142	28,504	30,142	11,344,121
Revaluation	248,560	-	-	-	248,560

As at 31 October 2025	11,521,893	12,142	28,504	30,142	11,592,681

Depreciation
As at 1 November 2024	-	12,038	28,357	29,595	69,990
Provided during the period	-	16	22	82	120

As at 31 October 2025	-	12,054	28,379	29,677	70,110

Net Book Value
As at 31 October 2025	11,521,893	88	125	465	11,522,571

As at 1 November 2024	11,273,333	104	147	547	11,274,131

All balances included within land and property above relate to investment properties. Investment properties are revalued annually, with values adjusted based on the movement in the house price index for the relevant local authority. Revaluations are not undertaken by a recognised professional.

5. Investments

	Other
	£
Cost or Valuation
As at 1 November 2024	100

As at 31 October 2025	100

Provision
As at 1 November 2024	-

As at 31 October 2025	-

...CONTINUED

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Metlane Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025	100

As at 1 November 2024	100

6. Stocks

	2025	2024
	£	£
Stock	22,730	28,500

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	19,055	22,267
Other debtors	36,906	36,906

	55,961	59,173

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	22,173	20,922
Bank loans and overdrafts	78,554	54,801
Amounts owed to group undertakings	282,682	175,032
Other creditors	1,023,547	1,005,049

	1,406,956	1,255,804

Bank borrowings are secured by a charge over certain of the company’s investment properties.

Repayments are made monthly, and interest is compounded at each repayment date.

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	826,714	929,021
Other creditors	2,300,700	2,482,212

	3,127,414	3,411,233

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025	2024
	£	£
Bank loans	512,498	709,818
Other Creditors	1,700,700	1,882,212

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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Metlane Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

11. Related Party Transactions

At 30 October 2025 the company owed Dukeries Investments Limited £300,000 (2024: £300,000), a balance which is interest free and repayable on demand. Dukeries Investments Limited is controlled by members of directors family.

At 30 October 2025 the company owed the Metlane Pension Scheme £530,886 (2024: £512,6525). Mr J D Rye is a trustee and beneficiary of the scheme.

At 30 October 2025 the company owed £282,682 (2024 £175,032) to Metlane Lettings Limited, a wholly owned subsidiary. The loan was interest free and repayable on demand.

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