Abbreviated Company Accounts - METRO LIVING LIMITED

METRO LIVING LIMITED - Company Information

04619414 METRO LIVING LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 04619414 2015-01-01 2015-12-31 04619414 2015-12-31 04619414 2014-12-31 04619414 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 04619414 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 iso4217:GBP shares

Registered Number 04619414

METRO LIVING LIMITED

Abbreviated Accounts

31 December 2015

METRO LIVING LIMITED Registered Number 04619414

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,225	1,633
		1,225	1,633
Current assets
Investments		2,056,171	2,057,355
Cash at bank and in hand		47,460	47,526
		2,103,631	2,104,881
Creditors: amounts falling due within one year		(2,887)	(4,884)
Net current assets (liabilities)		2,100,744	2,099,997
Total assets less current liabilities		2,101,969	2,101,630
Creditors: amounts falling due after more than one year		(1,672,106)	(1,672,106)
Total net assets (liabilities)		429,863	429,524
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		429,763	429,424
Shareholders' funds		429,863	429,524

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 27 September 2016

And signed on their behalf by:
B Kang, Director

METRO LIVING LIMITED Registered Number 04619414

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for property and services. Property sales are recognised on completion.

Tangible assets depreciation policy
Tangible fixed assets 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:
Fixtures, fittings & equipment - 25% of net book value

Other accounting policies
Investments
Current asset investments are stated at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 January 2015	9,150
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	9,150
Depreciation
At 1 January 2015	7,517
Charge for the year	408
On disposals	-
At 31 December 2015	7,925
Net book values
At 31 December 2015	1,225
At 31 December 2014	1,633

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100