Company Registration No. 09588018 (England and Wales)
METROPOLE INTERNATIONAL LTD
Unaudited accounts
for the year ended 31 May 2019
METROPOLE INTERNATIONAL LTD
Unaudited accounts
Contents
METROPOLE INTERNATIONAL LTD
Company Information
for the year ended 31 May 2019
Director
DMITRIJS PANURSKIS
Company Number
09588018 (England and Wales)
Registered Office
7 BELL YARD
LONDON
WC2A 2JR
ENGLAND
Accountants
Ravelstone Accountancy Ltd
METROPOLE INTERNATIONAL LTD
Statement of financial position
as at 31 May 2019
Investments
1,728,605
1,729,481
Debtors
19,495,197
19,545,150
Cash at bank and in hand
2,370,184
2,122,804
Creditors: amounts falling due within one year
(1,151,786)
(1,156,385)
Net current assets
20,713,595
20,511,569
Total assets less current liabilities
22,442,200
22,241,050
Creditors: amounts falling due after more than one year
(22,249,610)
(22,080,167)
Net assets
192,590
160,883
Called up share capital
100
100
Profit and loss account
192,490
160,783
Shareholders' funds
192,590
160,883
For the year ending 31 May 2019 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 May 2020.
DMITRIJS PANURSKIS
Director
Company Registration No. 09588018
METROPOLE INTERNATIONAL LTD
Notes to the Accounts
for the year ended 31 May 2019
METROPOLE INTERNATIONAL LTD is a private company, limited by shares, registered in England and Wales, registration number 09588018. The registered office is 7 BELL YARD, LONDON, WC2A 2JR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investments in shares are included at fair value. Investments in subsidiaries are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 June 2018
1,720,720
8,761
1,729,481
Valuation at 31 May 2019
1,720,720
7,885
1,728,605
Trade debtors
19,235,344
19,284,303
Other debtors
259,853
260,847
METROPOLE INTERNATIONAL LTD
Notes to the Accounts
for the year ended 31 May 2019
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
22,512
26,049
Other creditors
1,129,274
1,130,336
7
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
22,249,610
22,080,167
8
Average number of employees
During the year the average number of employees was 0 (2018: 0).
