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Company Registration No. 09043987 (England and Wales)
MAP MAISON LIMITED Unaudited accounts for the year ended 31 May 2024
MAP MAISON LIMITED Unaudited accounts Contents
Page
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MAP MAISON LIMITED Company Information for the year ended 31 May 2024
Director
Joseph Martin Arowolo
Company Number
09043987 (England and Wales)
Registered Office
321 KINGSLAND ROAD LONDON E8 4DL UNITED KINGDOM
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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MAP MAISON LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,013 
5,818 
Current assets
Inventories
152,083 
186,488 
Debtors
26,760 
62,292 
Cash at bank and in hand
7,208 
48,734 
186,051 
297,514 
Creditors: amounts falling due within one year
(121,437)
(201,467)
Net current assets
64,614 
96,047 
Total assets less current liabilities
69,627 
101,865 
Creditors: amounts falling due after more than one year
(27,327)
(32,456)
Net assets
42,300 
69,409 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
42,200 
69,309 
Shareholders' funds
42,300 
69,409 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Joseph Martin Arowolo Director Company Registration No. 09043987
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MAP MAISON LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MAP MAISON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09043987. The registered office is 321 KINGSLAND ROAD, LONDON, E8 4DL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 4 years
Fixtures & fittings
over 4 years
Computer equipment
over 4 years
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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MAP MAISON LIMITED Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
44,331 
1,628 
7,068 
53,027 
Additions
1,792 
- 
- 
1,792 
At 31 May 2024
46,123 
1,628 
7,068 
54,819 
Depreciation
At 1 June 2023
40,763 
487 
5,959 
47,209 
Charge for the year
1,611 
407 
579 
2,597 
At 31 May 2024
42,374 
894 
6,538 
49,806 
Net book value
At 31 May 2024
3,749 
734 
530 
5,013 
At 31 May 2023
3,568 
1,141 
1,109 
5,818 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,843 
120 
Amounts due from group undertakings etc.
12,821 
12,648 
Accrued income and prepayments
10,840 
9,638 
Other debtors
256 
39,886 
26,760 
62,292 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
59,459 
45,725 
VAT
21,732 
14,744 
Trade creditors
22,716 
27,927 
Amounts owed to group undertakings and other participating interests
5,921 
79,069 
Taxes and social security
(1,488)
25,783 
Other creditors
12,204 
3,547 
Loans from directors
272 
3,797 
Accruals
621 
875 
121,437 
201,467 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,327 
32,456 
BBL loan backed by 100% government guarantee and financing of first year's interest by means of government grant.
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MAP MAISON LIMITED Notes to the Accounts for the year ended 31 May 2024
8
Transactions with related parties
MAP Hospitality Limited ( Co. No. 09162662) Company is controlled by Joseph Arowolo and Cecilia Biveson Loans given by Map Hospitality Limited totalling £5,921 (2023: £79,069) Amount above is due to Map Hospitality Limited Martin's Planet LIMITED ( Co. No. 07993887) Company is controlled by Joseph Arowolo and Cecilia Biveson Loans given to Martin's Planet Limited totalling £4,300 (2023: £4,127) Amount above is due to Map Maison Ltd MAP and the Capital AB (a company registered in Sweden) Company is controlled by Joseph Arowolo and Cecilia Biveson Loans given to MAP and the Capital AB totalliing £8,521 (2023: £8,521) Amount above is due to MAP Maison Ltd
9
Controlling party
The ultimate controlling party is Martin's Planet Limited (company number 07993887) - registered address and place of business 321 Kingsland Road, London E8 4DL
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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