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REGISTERED NUMBER: 06670196 (England and Wales)





MAP INVESTMENTS UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






MAP INVESTMENTS UK LIMITED (REGISTERED NUMBER: 06670196)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAP INVESTMENTS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr A C Fretwell
Mr P J Fretwell



SECRETARY: Mr A C Fretwell



REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



REGISTERED NUMBER: 06670196 (England and Wales)



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: Santander UK PLC
P.O. Box 382
21 Prescot Street
London
E1 8AD

MAP INVESTMENTS UK LIMITED (REGISTERED NUMBER: 06670196)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,630,000 1,630,000

CURRENT ASSETS
Debtors 6 6,269 6,355
Cash at bank 24,810 41,274
31,079 47,629
CREDITORS
Amounts falling due within one year 7 3,053 2,539
NET CURRENT ASSETS 28,026 45,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,658,026

1,675,090

CREDITORS
Amounts falling due after more than one
year

8

(659,589

)

(657,936

)

PROVISIONS FOR LIABILITIES (131,071 ) (129,821 )
NET ASSETS 867,366 887,333

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 598,956 600,206
Retained earnings 268,310 287,027
SHAREHOLDERS' FUNDS 867,366 887,333

MAP INVESTMENTS UK LIMITED (REGISTERED NUMBER: 06670196)

BALANCE SHEET - continued
31 AUGUST 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 27 February 2025 and were signed on its behalf by:




Mr P J Fretwell - Director



Mr A C Fretwell - Director


MAP INVESTMENTS UK LIMITED (REGISTERED NUMBER: 06670196)

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


1. STATUTORY INFORMATION

MAP Investments UK 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of rents received from residential tenants during the year. Rental income is charged to the profit and loss account on an accrual basis when the right to receive consideration has been acquired.

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.


MAP INVESTMENTS UK LIMITED (REGISTERED NUMBER: 06670196)

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


3. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MAP INVESTMENTS UK LIMITED (REGISTERED NUMBER: 06670196)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,630,000
NET BOOK VALUE
At 31 August 2024 1,630,000
At 31 August 2023 1,630,000

The directors have reviewed the value of the investment property at the balance sheet date, against the current market value at that date. A number of properties were revalued by the directors to their market value at that date. The directors do not believe that the value of the investment property is materially different to the value stated in the financial statements.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2023 130,000
Valuation in 2022 140,000
Valuation in 2021 158,700
Valuation in 2020 40,000
Valuation in 2019 35,000
Valuation in 2018 8,550
Valuation in 2017 118,223
Valuation in 2015 35,000
Valuation in 2013 64,553
Cost 899,974
1,630,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,650 5,675
Prepayments and accrued income 619 680
6,269 6,355

MAP INVESTMENTS UK LIMITED (REGISTERED NUMBER: 06670196)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 55 -
Accruals and deferred income 2,998 2,539
3,053 2,539

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 659,589 657,936

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 September 2023 600,206
Deferred tax movement (1,250 )

At 31 August 2024 598,956

11. CAPITAL COMMITMENTS

The company had no capital commitments, or contingent liabilities at the balance sheet date.