Metro Wedding and Function Halls Ltd - Accounts to registrar (filleted) - small 18.2

Metro Wedding and Function Halls Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07062838 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Metro Wedding and Function Halls Ltd

Metro Wedding and Function Halls Ltd (Registered number: 07062838)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Metro Wedding and Function Halls Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mr Cengiz Erpolat
Mr Hamdullah Erpolat





REGISTERED OFFICE: Ernest House
293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 07062838 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
London
N13 4XS

Metro Wedding and Function Halls Ltd (Registered number: 07062838)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,287 155,875

CURRENT ASSETS
Cash at bank and in hand 111,091 97,307

CREDITORS
Amounts falling due within one year 5 45,341 31,504
NET CURRENT ASSETS 65,750 65,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,037

221,678

PROVISIONS FOR LIABILITIES 6 23,625 22,134
NET ASSETS 182,412 199,544

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 182,410 199,542
SHAREHOLDERS' FUNDS 182,412 199,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

Metro Wedding and Function Halls Ltd (Registered number: 07062838)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 18 December 2018 and were signed on its behalf
by:




Mr Hamdullah Erpolat - Director



Mr Cengiz Erpolat - Director


Metro Wedding and Function Halls Ltd (Registered number: 07062838)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Metro Wedding and Function Halls Ltd is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 17 ) .

Metro Wedding and Function Halls Ltd (Registered number: 07062838)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 319,258 4,442 323,700
DEPRECIATION
At 1 April 2017 166,427 1,398 167,825
Charge for year 15,283 305 15,588
At 31 March 2018 181,710 1,703 183,413
NET BOOK VALUE
At 31 March 2018 137,548 2,739 140,287
At 31 March 2017 152,831 3,044 155,875

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Taxation and social security 43,841 30,004
Other creditors 1,500 1,500
45,341 31,504

6. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax 23,625 22,134

Deferred
tax
£   
Balance at 1 April 2017 22,134
Charge to Income Statement during year 1,491
Balance at 31 March 2018 23,625

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £85,097 (2017 - £69,252) were paid to the directors .

8. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr H Erpolat & Mr C Erpolat throughout the current financial year by
virtue of their joint 100% shareholding.


Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Metro Wedding and Function Halls Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Metro Wedding and Function Halls Ltd for the year ended 31 March 2018 which comprise the
Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Metro Wedding and Function Halls Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Metro Wedding and Function Halls Ltd and state those matters that we have agreed to state to the Board of Directors of Metro Wedding and Function Halls Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Metro Wedding and Function Halls Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Metro Wedding and Function Halls Ltd. You consider that Metro Wedding and Function Halls 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 financial statements of Metro Wedding and Function Halls 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 financial statements.






ADPL LLP
293 Green Lanes
London
London
N13 4XS


Date: .............................................