ACCOUNTS - Final Accounts

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3122022-01-01falseConsultancy services2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05976584 2022-01-01 2022-12-31 05976584 2021-01-01 2021-12-31 05976584 2022-12-31 05976584 2021-12-31 05976584 c:Director1 2022-01-01 2022-12-31 05976584 d:CurrentFinancialInstruments 2022-12-31 05976584 d:CurrentFinancialInstruments 2021-12-31 05976584 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05976584 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05976584 d:ShareCapital 2022-12-31 05976584 d:ShareCapital 2021-12-31 05976584 c:OrdinaryShareClass1 2022-01-01 2022-12-31 05976584 c:OrdinaryShareClass1 2022-12-31 05976584 c:OrdinaryShareClass1 2021-12-31 05976584 c:FRS102 2022-01-01 2022-12-31 05976584 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 05976584 c:FullAccounts 2022-01-01 2022-12-31 05976584 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05976584

METSYA LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


METSYA LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


METSYA LIMITED REGISTERED NUMBER:05976584

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

	2022	2021
Note	£	£

Current assets
Debtors: amounts falling due within one year	4	1	-
Cash at bank and in hand		-	143,639
		1	143,639
Current liabilities
Creditors: amounts falling due within one year	5	-	(143,638)
Net assets		1	1

Capital and reserves
Called up share capital	6	1	1
		1	1

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 February 2023.

Dr J de Gunzburg

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


METSYA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

The Company is a limited liability company incorporated in England and Wales with its registered office at 27 Neville Street, London, United Kingdom, SW7 3AS.
The principal activity of the Company continued to be that of the provision of consultancy services.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover comprises revenue recognised by the Company in respect of consultancy services supplied during the year, exclusive of Value Added Tax.
Revenue is recognised in the period in which services are provided.

2.3

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from and to related parties.

2.5

Creditors

Short term creditors are measured at the transaction price.

2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 2


METSYA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.8

Taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Debtors

					2022	2021
					£	£


Other debtors	1	-

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Corporation tax	-	1,553
Other creditors	-	139,645
Accruals and deferred income	-	2,440
	-	143,638

Page 3


METSYA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

6.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

1 (2021 - 1) Ordinary share of £1	1	1

Page 4