Registration number: 13890224

Maphi Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Maphi Limited

(Registration number: 13890224)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	340,000	340,000
Other financial assets	5	216,545	194,087
		556,545	534,087
Current assets
Debtors	6	23,340	20,940
Cash at bank and in hand		4,922	2,928
		28,262	23,868
Creditors: Amounts falling due within one year	7	(519,454)	(517,341)
Net current liabilities		(491,192)	(493,473)
Total assets less current liabilities		65,353	40,614
Provisions for liabilities		-	3,370
Net assets		65,353	43,984
Capital and reserves
Called up share capital		20,000	20,000
Retained earnings		45,353	23,984
Shareholders' funds		65,353	43,984

Maphi Limited

(Registration number: 13890224)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2025
 

MJ Allen Director

Maphi Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Old Police Station 6 St Peter's Court
Bedminster Parade
Bristol
BS3 4AQ

These financial statements were authorised for issue by the director on 30 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company will have adequate resources to continue as a going concern. The directors are committed to ensure that the company is able to meet its liabilities on a day to day basis and the parent company has pledged to provide financial support to enable the company to meet its liabilities. Therefore, the financial statements have been prepared on a going concern basis.

Maphi Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue from the provision of services in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
a) the amount of revenue can be reliably measured;
b) it is probable that future economic benefit will flow to the company;
c) the stage of completion of the contract at the end of the reporting period can be reliably measured; and
d) the costs incurred and the costs to complete the contract can be reliably measured.
 

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments have been stated at fair value as at the balance sheet date. Fair value has been determined with reference to the current market value for all quoted investments. Where no active market exists in the case of the unquoted investments these are held at cost. All unrealised gains and losses are recognised through the profit and loss account under FRS 26.

Investment income comprises dividends declared during the accounting period and interest receivable on listed and unlisted investments.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Maphi Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 2 (2024 - 2).

4	Investment properties

	2025 £
At 1 March 2024	340,000
At 28 February 2025	340,000

The investment property has been revalued by the director at £340,000 as at 28 February 2025.

Maphi Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 March 2024	194,087	194,087
Fair value adjustments	22,446	22,446
Additions	12	12
At 28 February 2025	216,545	216,545
Carrying amount
At 28 February 2025	216,545	216,545

6

Debtors

	2025 £	2024 £
Other debtors	20,000	20,940
Deferred tax asset	3,340	-
	23,340	20,940

7

Creditors

Due within one year	Note	2025 £	2024 £
Amounts due to related parties	8	515,000	515,000
Social security and other taxes		1,367	-
Accruals		2,235	2,125
Corporation tax liability		852	216
		519,454	517,341