REGISTERED NUMBER: 07889799 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Map Property Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Latif

B S Latif

REGISTERED OFFICE:

141 Barkby Road

Leicester

Leicestershire

LE4 9LG

REGISTERED NUMBER:

07889799 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

13,442

15,437

Investment property

5

125,725,409

121,196,647

125,738,851

121,212,084

CURRENT ASSETS

Stocks

-

523,499

Debtors

6

773,984

1,167,727

Cash at bank and in hand

131,174

478,962

905,158

2,170,188

CREDITORS

Amounts falling due within one year

7

29,830,394

35,045,327

NET CURRENT LIABILITIES

(28,925,236

)

(32,875,139

)

TOTAL ASSETS LESS CURRENT LIABILITIES

96,813,615

88,336,945

CREDITORS

Amounts falling due after more than one year

8

(8,699,288

)

(6,683,115

)

PROVISIONS FOR LIABILITIES

(14,727,345

)

(13,722,095

)

NET ASSETS

73,386,982

67,931,735

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

46,980,123

43,964,373

Retained earnings

26,406,759

23,967,262

73,386,982

67,931,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

S R Latif - Director

1.	STATUTORY INFORMATION

Map Property Investments 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going Concern

The company has net current liabilities of £28,925,236 (2024 - £32,875,139) at the end of the year but net assets of £73,386,982 (2024 - £67,931,735). The company is dependent on the continued support of the director and a company in which the director has common control. The director and company intend to continue with such support and on this basis the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of that support.

Turnover

Turnover is measured at the fair value of the consideration received or receivable in respect of rents and other recharges receivable, exclusive of value added tax.

Turnover is recognised in the period to which the income relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The gains on investment properties are transferred to the non-distributable fair value reserve.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

19,250

3,400

3,897

26,547

DEPRECIATION

At 1 April 2024

5,217

3,112

2,781

11,110

Charge for year

1,403

43

549

1,995

At 31 March 2025

6,620

3,155

3,330

13,105

NET BOOK VALUE

At 31 March 2025

12,630

245

567

13,442

At 31 March 2024

14,033

288

1,116

15,437

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

121,196,647

Additions

628,762

Disposals

(212,888

)

Net gains or losses from fair

value adjustments

4,112,888

At 31 March 2025

125,725,409

NET BOOK VALUE

At 31 March 2025

125,725,409

At 31 March 2024

121,196,647

The valuation of the investment property has been completed by the sole director at 31 March 2025 and is based on rental yield.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

632,924

887,420

Other debtors

141,060

280,307

773,984

1,167,727

Other debtors includes prepayments and accrued income of £95,350 (2024 - £40,188).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

2,350,000

2,350,000

Trade creditors

560,484

858,511

Taxation and social security

1,097,724

1,023,419

Other creditors

25,822,186

30,813,397

29,830,394

35,045,327

Other creditors includes accruals and deferred income of £554,675 (2024 - £608,918).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

8,699,288

6,683,115

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

11,049,288

9,033,115

Bank loans are secured against various investment properties held by the company.

10.	OTHER FINANCIAL COMMITMENTS

A number of the company's investment properties have been provided as security for the bank borrowings of another company owned by the director. At the end of the year the total liability under this arrangement is £3,718,754 (2024 - £3,920,014).

The company also has other financial commitments, guarantees and contingencies that are not included in the balance sheet of £Nil (2024 - £132,000).

11.	RELATED PARTY DISCLOSURES

During the year the company received interest free advances of £1,165,000 (2024 - £780,000). This loan is from a company under common control of the director. At the year end the amount owed by the company totalled £24,174,600 (2024 - £29,120,600).