REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29 April 2023 |
for |
Mapu Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29 April 2023 |
for |
Mapu Properties Limited |
Mapu Properties Limited (Registered number: 10709814) |
Contents of the Financial Statements |
for the Year Ended 29 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Mapu Properties Limited |
Company Information |
for the Year Ended 29 April 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Reedham House |
31 King Street West |
Manchester |
M3 2PJ |
Mapu Properties Limited (Registered number: 10709814) |
Balance Sheet |
29 April 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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. |
Mapu Properties Limited (Registered number: 10709814) |
Balance Sheet - continued |
29 April 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Mapu Properties Limited (Registered number: 10709814) |
Notes to the Financial Statements |
for the Year Ended 29 April 2023 |
1. | STATUTORY INFORMATION |
Mapu Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Motor vehicles | - |
Computer equipment | - |
Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment. |
Investment property |
Interest in investment properties is stated at an open market value with no depreciation being provided in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102. |
Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Government grants |
Government grants are credited to the profit and loss account as the related expenditure is incurred. |
Mapu Properties Limited (Registered number: 10709814) |
Notes to the Financial Statements - continued |
for the Year Ended 29 April 2023 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The company's financial statements for the period ended 29 April 2023 have been prepared on a going basis as, after making appropriate enquiries the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
Additions |
At 29 April 2023 |
DEPRECIATION |
Charge for year |
At 29 April 2023 |
NET BOOK VALUE |
At 29 April 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 30 April 2022 |
Additions |
At 29 April 2023 |
NET BOOK VALUE |
At 29 April 2023 |
At 29 April 2022 |
The director considers the market value of the investment property not to be materially different to the value shown in the financial statements as at 29 April 2023. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
Mapu Properties Limited (Registered number: 10709814) |
Notes to the Financial Statements - continued |
for the Year Ended 29 April 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Hire purchase contracts |
Amounts falling due in more than five years: |
Repayable by instalments |
Hire purchase | 24,370 | - |
9. | RELATED PARTY DISCLOSURES |
Included within other creditors is director's current account balance of £1,718,760 (2022: £1,715,661). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance. |