MAPSTONE PROPERTIES LTD


Director	VANTREEN, Thomas


Registered Address	Hillside House
	Dunsford
	Exeter
	EX6 7AE


Registered Number	10302230 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,604		379
			1,604		379
Current assets
Debtors		77,447		46,529
Cash at bank and on hand		1,449		9,031
		78,896		55,560
Creditors amounts falling due within one year	4	(68,252)		(41,751)
Net current assets (liabilities)			10,644		13,809
Total assets less current liabilities			12,248		14,188
Creditors amounts falling due after one year	5		(11,025)		(13,493)
Net assets			1,223		695
Capital and reserves
Called up share capital			2		2
Profit and loss account			1,221		693
Shareholders' funds			1,223		695

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 28 April 2026, 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 2025

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.

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.

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:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 August 24	3,730	3,730
Additions	1,915	1,915
At 31 July 25	5,645	5,645
Depreciation and impairment
At 01 August 24	3,351	3,351
Charge for year	690	690
At 31 July 25	4,041	4,041
Net book value
At 31 July 25	1,604	1,604
At 31 July 24	379	379

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	4,083	580
Bank borrowings and overdrafts	2,409	2,350
Taxation and social security	59,510	36,571
Accrued liabilities and deferred income	2,250	2,250
Total	68,252	41,751


	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

	2025	2024
	£	£
Bank borrowings and overdrafts	11,025	13,493
Total	11,025	13,493

6.	Related party transactions
	During the year the directors received £130,331 (2024: £88,828) and paid expenses on behalf of the company totalling £19,998 (2024: £23,503). During the year £112,000 (2024: £65,000) dividends were declared. As at the balance sheet date the directors owed the company £8,547 (2024:£9,729).