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REGISTERED NUMBER: 05746706









MAPA (WORCESTER) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MAPA (WORCESTER) LIMITED (REGISTERED NUMBER: 05746706)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 5


MAPA (WORCESTER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr T J Humphrey
Mr N J Humphrey
Mr S J Humphrey





SECRETARY: Mr T J Humphrey





REGISTERED OFFICE: 31 St Johns
Worcester
Worcestershire
WR2 5AG





REGISTERED NUMBER: 05746706





ACCOUNTANTS: Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MAPA (WORCESTER) LIMITED

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 MAPA (Worcester) Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MAPA (Worcester) Limited, 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 MAPA (Worcester) Limited and state those matters that we have agreed to state to the Board of Directors of MAPA (Worcester) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MAPA (Worcester) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MAPA (Worcester) Limited 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 MAPA (Worcester) Limited. You consider that MAPA (Worcester) Limited 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 MAPA (Worcester) Limited. 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.






Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG


6 September 2024

MAPA (WORCESTER) LIMITED (REGISTERED NUMBER: 05746706)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 882,000 828,000

CURRENT ASSETS
Debtors 5 250 400
Cash at bank 11,061 22,831
11,311 23,231
CREDITORS
Amounts falling due within one year 6 460,219 436,945
NET CURRENT LIABILITIES (448,908 ) (413,714 )
TOTAL ASSETS LESS CURRENT LIABILITIES 433,092 414,286

CREDITORS
Amounts falling due after more than one year 7 - (48,544 )

PROVISIONS FOR LIABILITIES (68,134 ) (57,874 )
NET ASSETS 364,958 307,868

CAPITAL AND RESERVES
Called up share capital 99 99
Fair value reserve 8 290,465 246,725
Retained earnings 74,394 61,044
SHAREHOLDERS' FUNDS 364,958 307,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

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





Mr T J Humphrey - Director


MAPA (WORCESTER) LIMITED (REGISTERED NUMBER: 05746706)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

MAPA (Worcester) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Investment property
Investment property is shown at most recent valuation. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 828,000
Revaluations 54,000
At 31 March 2024 882,000
NET BOOK VALUE
At 31 March 2024 882,000
At 31 March 2023 828,000

MAPA (WORCESTER) LIMITED (REGISTERED NUMBER: 05746706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 51,599
Valuation in 2019 28,750
Valuation in 2021 102,750
Valuation in 2022 80,500
Valuation in 2023 41,000
Valuation in 2024 54,000
Cost 523,401
882,000

If the properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 523,401 523,401

The investment properties were valued on an open market basis on 31 March 2024 by the directors and are reviewed annually .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 250 400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 126 -
Taxation and social security 3,822 2,219
Other creditors 456,271 434,726
460,219 436,945

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 48,544

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023 246,725
Property revaluation 43,740

At 31 March 2024 290,465