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MAPSTONE PROPERTIES LTD

Registered Number
10302230
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

MAPSTONE PROPERTIES LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

VANTREEN, Thomas

Registered Address

Hillside House
Dunsford
Exeter
EX6 7AE

Registered Number

10302230 (England and Wales)
MAPSTONE PROPERTIES LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3379684
379684
Current assets
Debtors46,52918,923
Cash at bank and on hand9,03118,755
55,56037,678
Creditors amounts falling due within one year4(41,751)(22,044)
Net current assets (liabilities)13,80915,634
Total assets less current liabilities14,18816,318
Creditors amounts falling due after one year5(13,493)(15,944)
Net assets695374
Capital and reserves
Called up share capital22
Profit and loss account693372
Shareholders' funds695374
The financial statements were approved and authorised for issue by the Director on 25 April 2025, and are signed on its behalf by:
VANTREEN, Thomas
Director
Registered Company No. 10302230
MAPSTONE PROPERTIES LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 233,6093,609
Additions121121
At 31 July 243,7303,730
Depreciation and impairment
At 01 August 232,9252,925
Charge for year426426
At 31 July 243,3513,351
Net book value
At 31 July 24379379
At 31 July 23684684
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5801,443
Bank borrowings and overdrafts2,3502,249
Taxation and social security36,57116,101
Accrued liabilities and deferred income2,2502,251
Total41,75122,044
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts13,49315,944
Total13,49315,944
6.Related party transactions
During the year the directors received £88,828 (2023: £95,765) and paid expenses on behalf of the company totalling £23,503 (2023: £33,406). During the year £65,000 (2023: £62,000) dividends were declared. As at the balance sheet date the directors owed the company £9,729 (2023:£9,403).