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REGISTERED NUMBER: 08458565 (England and Wales)















MAPLETIME LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






MAPLETIME LIMITED (REGISTERED NUMBER: 08458565)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAPLETIME LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: H J Shipley Jnr
W Shipley
H J Shipley Snr





REGISTERED OFFICE: National House
Etchell Road
Tamworth
Staffordshire
B78 3HF





REGISTERED NUMBER: 08458565 (England and Wales)






MAPLETIME LIMITED (REGISTERED NUMBER: 08458565)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,557 3,085
Investment property 5 8,140,388 8,140,388
8,143,945 8,143,473

CURRENT ASSETS
Debtors 6 50,818 15,889
Cash at bank 547,126 645,347
597,944 661,236
CREDITORS
Amounts falling due within one year 7 213,603 242,929
NET CURRENT ASSETS 384,341 418,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,528,286

8,561,780

CREDITORS
Amounts falling due after more than one year 8 (6,657,311 ) (6,694,620 )

PROVISIONS FOR LIABILITIES (676 ) (586 )
NET ASSETS 1,870,299 1,866,574

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 1,870,293 1,866,568
SHAREHOLDERS' FUNDS 1,870,299 1,866,574

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.

MAPLETIME LIMITED (REGISTERED NUMBER: 08458565)

Balance Sheet - continued
31 March 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





W Shipley - Director


MAPLETIME LIMITED (REGISTERED NUMBER: 08458565)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Mapletime 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.

Significant judgements and estimates
Investment Properties

The value of the properties is assessed by the directors at each reporting date using publicly available market evidence comprising primarily of values of comparable properties in the area and national market statistics. However, it is inherently difficult to assess the true market value of the properties without actively marketing the properties for sale.

Turnover
Turnover is attributable to the principal activities of the company during the year. All invoiced amounts are stated exclusive of any discounts and Value Added Tax.

Investment property
The company`s properties are held for long-term investment and depreciation is not provided in respect of such properties. At the balance sheet date the investment properties are included at their fair value. This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view.

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).

MAPLETIME LIMITED (REGISTERED NUMBER: 08458565)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 4,628
Additions 3,022
At 31 March 2024 7,650
DEPRECIATION
At 1 April 2023 1,543
Charge for year 2,550
At 31 March 2024 4,093
NET BOOK VALUE
At 31 March 2024 3,557
At 31 March 2023 3,085

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 8,140,388
NET BOOK VALUE
At 31 March 2024 8,140,388
At 31 March 2023 8,140,388

The directors consider that at the balance sheet date, the value of investment property is not materially different to its purchase price by reference to factors such as rental yields and the local commercial market and therefore the property is included in these financial statements using this as the fair value.

Any gain or loss arising from a change in fair value is recognised in profit or loss in that accounting period.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 12,812 15,883
Other debtors 38,006 6
50,818 15,889

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 4,900 -
Taxation and social security 55,728 94,291
Other creditors 152,975 148,638
213,603 242,929

MAPLETIME LIMITED (REGISTERED NUMBER: 08458565)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Other creditors 6,657,311 6,694,620

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans repayable over
5 years 6,657,311 6,694,620
6,657,311 6,694,620

Under the terms of the loan agreements in force, other loans are repayable on demand at the request of the lender. However, as the lenders share common owners and Directors, the company has obtained a letter of postponement from the lender giving assurances that at the balance sheet date the loans would not be recalled in the following 12 months.