Abbreviated Company Accounts - METROQUOTE LIMITED

METROQUOTE LIMITED - Company Information

02166743 METROQUOTE LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 02166743 2014-01-01 2014-12-31 02166743 2014-12-31 02166743 2013-12-31 02166743 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 02166743 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 02166743

METROQUOTE LIMITED

Abbreviated Accounts

31 December 2014

METROQUOTE LIMITED Registered Number 02166743

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	544,770	545,365
Investments	3	208,676	194,988
		753,446	740,353
Current assets
Debtors		4,552	703
Cash at bank and in hand		8,312	8,965
		12,864	9,668
Creditors: amounts falling due within one year	4	(237,469)	(232,450)
Net current assets (liabilities)		(224,605)	(222,782)
Total assets less current liabilities		528,841	517,571
Creditors: amounts falling due after more than one year	4	(122,617)	(138,932)
Total net assets (liabilities)		406,224	378,639
Capital and reserves
Called up share capital	5	21,000	21,000
Profit and loss account		385,224	357,639
Shareholders' funds		406,224	378,639

For the year ending 31 December 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 September 2015

And signed on their behalf by:
DAVID GOUGH, Director

METROQUOTE LIMITED Registered Number 02166743

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for rents during the year.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is
provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold - Nil
Fixtures, fittings & equipment - 3 years straight line

No depreciation is provided on freehold buildings as the properties have ongoing refurbishment work to extend their useful life. This work is mainly the responsibility of the tenants, although some
refurbishments are at the expense of the company.

Valuation information and policy
Fixed asset investments are stated at cost less provision for diminution in value.

2Tangible fixed assets

	£
Cost
At 1 January 2014	554,049
Additions	1,719
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	555,768
Depreciation
At 1 January 2014	8,684
Charge for the year	2,314
On disposals	-
At 31 December 2014	10,998
Net book values
At 31 December 2014	544,770
At 31 December 2013	545,365

3Fixed assets Investments
The directors consider the current market value of the properties owned by the company to be in the region of £835,000. This would represent an increase in value in excess of £291,000.

Included in "Fixed asset investments" is £208,675 (2013 - £194,987) which is an investment in IFA
Chambers, a partnership in which Metroquote Limited is an equal partner.

The directors consider that the current market value of Metroquote Limited's share of the properties owned by IFA Chambers to be in the region of £307,500. This would represent an increase in the value of the investment in excess of £121,000.

4Creditors

	2014 £	2013 £
Secured Debts	122,617	138,932

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
21,000 Ordinary shares of £1 each	21,000	21,000