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REGISTERED NUMBER: 04056791 (England and Wales)















MAP Investments Limited

Financial Statements

for the period

1 January 2022 to 31 March 2023






MAP Investments Limited (Registered number: 04056791)

Contents of the Financial Statements
for the period 1 January 2022 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAP Investments Limited

Company Information
for the period 1 January 2022 to 31 March 2023







Directors: N P Hockley
P A Hockley





Secretary: N P Hockley





Registered office: 250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP





Registered number: 04056791 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

MAP Investments Limited (Registered number: 04056791)

Balance Sheet
31 March 2023

2023 2021
Notes £ £ £ £
Fixed assets
Investment property 4 750,000 750,000

Current assets
Debtors 5 1,003,573 720,595
Cash at bank 24,841 76,448
1,028,414 797,043
Creditors
Amounts falling due within one year 6 258,285 47,456
Net current assets 770,129 749,587
Total assets less current liabilities 1,520,129 1,499,587

Provisions for liabilities 31,076 31,076
Net assets 1,489,053 1,468,511

Capital and reserves
Called up share capital 7 6 6
Fair value reserve 8 362,856 362,856
Retained earnings 1,126,191 1,105,649
Shareholders' funds 1,489,053 1,468,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





N P Hockley - Director


MAP Investments Limited (Registered number: 04056791)

Notes to the Financial Statements
for the period 1 January 2022 to 31 March 2023


1. Statutory information

MAP Investments Limited 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

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rental income in the normal course of business, and is shown net of VAT.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

MAP Investments Limited (Registered number: 04056791)

Notes to the Financial Statements - continued
for the period 1 January 2022 to 31 March 2023


3. Employees and directors

The average number of employees during the period was 2 (2021 - 3 ) .

4. Investment property
Total
£
Fair value
At 1 January 2022
and 31 March 2023 750,000
Net book value
At 31 March 2023 750,000
At 31 December 2021 750,000

Fair value at 31 March 2023 is represented by:
£
Valuation in 2018 193,932
Valuation in 2021 200,000
Cost 356,068
750,000

The fair value of the investment property in Alexandra Road has been arrived at on the basis of a valuation carried out by a director at the period end. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5. Debtors: amounts falling due within one year
2023 2021
£ £
Trade debtors - 23,031
Amounts owed by group undertakings 1,002,841 -
Other debtors 732 697,564
1,003,573 720,595

6. Creditors: amounts falling due within one year
2023 2021
£ £
Taxation and social security 7,277 16,802
Other creditors 251,008 30,654
258,285 47,456

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £ £
6 Ordinary £1 6 6

MAP Investments Limited (Registered number: 04056791)

Notes to the Financial Statements - continued
for the period 1 January 2022 to 31 March 2023


8. Reserves
Fair value
reserve
£
At 1 January 2022
and 31 March 2023 362,856