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REGISTERED NUMBER: 10550625 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MAPP PROPERTIES LONDON LIMITED

MAPP PROPERTIES LONDON LIMITED (REGISTERED NUMBER: 10550625)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAPP PROPERTIES LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Miss M Papakyriacou





REGISTERED OFFICE: 13 Beech Hill Avenue
Barnet
Hertfordshire
EN4 0LW





REGISTERED NUMBER: 10550625 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

MAPP PROPERTIES LONDON LIMITED (REGISTERED NUMBER: 10550625)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,425,462 1,100,000

CURRENT ASSETS
Debtors 5 - 39,039
Cash at bank and in hand 13,627 20,169
13,627 59,208
CREDITORS
Amounts falling due within one year 6 484,799 221,098
NET CURRENT LIABILITIES (471,172 ) (161,890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

954,290

938,110

CREDITORS
Amounts falling due after more than one
year

7

(413,328

)

(436,477

)

PROVISIONS FOR LIABILITIES 9 (47,768 ) (47,768 )
NET ASSETS 493,194 453,865

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 282,915 282,915
Retained earnings 11 210,277 170,948
SHAREHOLDERS' FUNDS 493,194 453,865

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MAPP PROPERTIES LONDON LIMITED (REGISTERED NUMBER: 10550625)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





Miss M Papakyriacou - Director


MAPP PROPERTIES LONDON LIMITED (REGISTERED NUMBER: 10550625)

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


1. STATUTORY INFORMATION

Mapp Properties London 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

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.

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

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,100,000
Additions 325,462
At 31 January 2024 1,425,462
NET BOOK VALUE
At 31 January 2024 1,425,462
At 31 January 2023 1,100,000

MAPP PROPERTIES LONDON LIMITED (REGISTERED NUMBER: 10550625)

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


4. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2019 330,683
Cost 1,094,779
1,425,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Related company - 39,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other loans (see note 8) 160,103 160,103
Tax 9,225 17,044
Amount due to related company 264,961 -
Directors' current accounts 47,180 40,950
Accrued expenses 3,330 3,001
484,799 221,098

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 8) 413,328 436,477

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 413,328 436,477

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Other loans 160,103 160,103

Amounts falling due in more than five years:

MAPP PROPERTIES LONDON LIMITED (REGISTERED NUMBER: 10550625)

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


8. LOANS - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 413,328 436,477

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 47,768 47,768

Deferred
tax
£   
Balance at 1 February 2023 47,768
Balance at 31 January 2024 47,768

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary Shares £1 2 2

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2023 170,948 282,915 453,863
Profit for the year 39,329 39,329
At 31 January 2024 210,277 282,915 493,192