Metropole Construction Ltd - Period Ending 2014-09-30

METROPOLE CONSTRUCTION LIMITED - Company Information

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Registration number: 3771686

Metropole Construction Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014

Metropole Construction Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Metropole Construction Ltd
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Metropole Construction Ltd for the year ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Metropole Construction Ltd, as a body, in accordance with the terms of our engagement letterdated 19 June 2007. Our work has been undertaken solely to prepare for your approval the accounts of Metropole Construction Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Metropole Construction Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Metropole Construction Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Metropole Construction Ltd. You consider that Metropole Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Metropole Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

A-spire Business Partners
Chartered Accountants
32 Byron Hill Road
Harrow on the Hill
Middlesex
HA2 0HY

16 June 2015

Page 1

Metropole Construction Ltd
(Registration number: 3771686)
Abbreviated Balance Sheet at 30 September 2014

	Note	2014 £	2013 £
Fixed assets
Tangible fixed assets		1,477,597	1,248,055
Current assets
Debtors		280,489	278,487
Cash at bank and in hand		4,265	3,762
		284,754	282,249
Creditors: Amounts falling due within one year		(188,243)	(159,393)
Net current assets		96,511	122,856
Total assets less current liabilities		1,574,108	1,370,911
Creditors: Amounts falling due after more than one year		(705,240)	(746,127)
Net assets		868,868	624,784
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		794,942	564,942
Profit and loss account		73,826	59,742
Shareholders' funds		868,868	624,784

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Metropole Construction Ltd
(Registration number: 3771686)
Abbreviated Balance Sheet at 30 September 2014
......... continued

For the year ending 30 September 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 16 June 2015 and signed on its behalf by:

.........................................
Mr R Lewis
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Metropole Construction Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance basis

Investment properties

The properties were revalued by the directors at the year end at £1,475,000

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Metropole Construction Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 October 2013	1,260,864	1,260,864
Revaluations	230,000	230,000
At 30 September 2014	1,490,864	1,490,864
Depreciation
At 1 October 2013	12,809	12,809
Charge for the year	458	458
At 30 September 2014	13,267	13,267
Net book value
At 30 September 2014	1,477,597	1,477,597
At 30 September 2013	1,248,055	1,248,055

Creditors

Included in the creditors are the following amounts due after more than five years:

	2014 £	2013 £

After more than five years by instalments	705,240	746,127

4	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
Equity of £1 each		100	100		100	100

Control

The company is controlled by Mr J and Mrs R Lewis who own 100% of the called up share capital
.

Page 5