Abbreviated Company Accounts - METROQUOTE LIMITED

METROQUOTE LIMITED - Company Information

02166743 METROQUOTE LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 02166743 2015-01-01 2015-12-31 02166743 2015-12-31 02166743 2014-12-31 02166743 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 02166743 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass3 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-12-31 iso4217:GBP shares

Registered Number 02166743

METROQUOTE LIMITED

Abbreviated Accounts

31 December 2015

METROQUOTE LIMITED Registered Number 02166743

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	693,405	544,770
Investments	3	219,946	208,676
		913,351	753,446
Current assets
Debtors		6,340	4,552
Cash at bank and in hand		25,196	8,312
		31,536	12,864
Creditors: amounts falling due within one year	4	(213,292)	(237,469)
Net current assets (liabilities)		(181,756)	(224,605)
Total assets less current liabilities		731,595	528,841
Creditors: amounts falling due after more than one year	4	(278,391)	(122,617)
Total net assets (liabilities)		453,204	406,224
Capital and reserves
Called up share capital	5	21,200	21,000
Profit and loss account		432,004	385,224
Shareholders' funds		453,204	406,224

For the year ending 31 December 2015 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 26 September 2016

And signed on their behalf by:
D J GOUGH, Director

METROQUOTE LIMITED Registered Number 02166743

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 rent during the year, net of VAT when applicable.

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
Investments are states at cost less diminution in value.

2Tangible fixed assets

	£
Cost
At 1 January 2015	555,768
Additions	150,281
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	706,049
Depreciation
At 1 January 2015	10,998
Charge for the year	1,646
On disposals	-
At 31 December 2015	12,644
Net book values
At 31 December 2015	693,405
At 31 December 2014	544,770

3Fixed assets Investments
Fixed asset investments represents an investment in IFA Chambers, a partnership in which the company is a partner.

4Creditors

	2015 £	2014 £
Secured Debts	298,338	137,476
Instalment debts due after 5 years	198,602	38,210

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

	2015 £	2014 £
21,000 ORDINARY A SHARES shares of £1 each	21,000	21,000
100 ORDINARY B SHARES shares of £1 each (0 shares for 2014)	100	0
100 ORDINARY C SHARES shares of £1 each (0 shares for 2014)	100	0