1 September 2024 false Taxfiler 2024.6 09162662business:PrivateLimitedCompanyLtd2024-09-012025-08-31 091626622024-08-31 091626622024-09-012025-08-31 09162662business:AuditExemptWithAccountantsReport2024-09-012025-08-31 09162662business:FilletedAccounts2024-09-012025-08-31 091626622025-08-31 09162662business:Director12024-09-012025-08-31 09162662business:RegisteredOffice2024-09-012025-08-31 091626622024-08-31 09162662core:WithinOneYear2025-08-31 09162662core:WithinOneYear2024-08-31 09162662core:AfterOneYear2025-08-31 09162662core:AfterOneYear2024-08-31 09162662core:ShareCapitalcore:PreviouslyStatedAmount2025-08-31 09162662core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 09162662core:RevaluationReservecore:PreviouslyStatedAmount2025-08-31 09162662core:RevaluationReservecore:PreviouslyStatedAmount2024-08-31 09162662core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-08-31 09162662core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 09162662core:PreviouslyStatedAmount2025-08-31 09162662core:PreviouslyStatedAmount2024-08-31 09162662business:SmallEntities2024-09-012025-08-31 09162662countries:EnglandWales2024-09-012025-08-31 09162662core:PlantMachinery2024-09-012025-08-31 09162662core:FurnitureFittings2024-09-012025-08-31 09162662core:ComputerEquipment2024-09-012025-08-31 09162662core:IntangibleAssetsOtherThanGoodwill2024-08-31 09162662core:IntangibleAssetsOtherThanGoodwill2025-08-31 09162662core:IntangibleAssetsOtherThanGoodwill2024-09-012025-08-31 09162662core:LandBuildings2024-08-31 09162662core:PlantMachinery2024-08-31 09162662core:FurnitureFittings2024-08-31 09162662core:ComputerEquipment2024-08-31 09162662core:LandBuildings2024-09-012025-08-31 09162662core:LandBuildings2025-08-31 09162662core:PlantMachinery2025-08-31 09162662core:FurnitureFittings2025-08-31 09162662core:ComputerEquipment2025-08-31 091626622023-09-012024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 09162662 (England and Wales)
MAP Hospitality Ltd Unaudited accounts for the year ended 31 August 2025
MAP Hospitality Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
MAP Hospitality Ltd Company Information for the year ended 31 August 2025
Director
Joseph Martin Arowolo
Company Number
09162662 (England and Wales)
Registered Office
321 KINGSLAND ROAD LONDON E8 4DL UNITED KINGDOM
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
- 3 -
MAP Hospitality Ltd Statement of financial position as at 31 August 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
- 
15,414 
Tangible assets
5
76,498 
487,907 
Investment property
6
1,465,895 
- 
1,542,393 
503,321 
Current assets
Inventories
36,020 
36,018 
Debtors
7
2,085 
160,350 
Cash at bank and in hand
2,959 
6,919 
41,064 
203,287 
Creditors: amounts falling due within one year
8
(2,155,420)
(1,124,765)
Net current liabilities
(2,114,356)
(921,478)
Total assets less current liabilities
(571,963)
(418,157)
Creditors: amounts falling due after more than one year
9
(11,300)
(19,487)
Provisions for liabilities
Deferred tax
(35,614)
(54,739)
Net liabilities
(618,877)
(492,383)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
58,684 
58,684 
Profit and loss account
(677,661)
(551,167)
Shareholders' funds
(618,877)
(492,383)
For the year ending 31 August 2025 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 May 2026 and were signed on its behalf by
Joseph Martin Arowolo Director Company Registration No. 09162662
- 4 -
MAP Hospitality Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
MAP Hospitality Ltd is a private company, limited by shares, registered in England and Wales, registration number 09162662. The registered office is 321 KINGSLAND ROAD, LONDON, E8 4DL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 Years
Fixtures & fittings
7 years
Computer equipment
5 years
- 5 -
MAP Hospitality Ltd Notes to the Accounts for the year ended 31 August 2025
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2024
17,190 
At 31 August 2025
17,190 
Amortisation
At 1 September 2024
1,776 
Other increase/(decrease)
15,414 
At 31 August 2025
17,190 
Net book value
At 31 August 2025
- 
At 31 August 2024
15,414 
In previous financial periods, intangible fixed assets consisted of capitalized legal and professional fees incurred on the acquisition of a property lease, which were amortized over the term of the lease. During the current financial year, the company acquired the freehold interest of the property outright. Consequently, the previous leasehold interest was extinguished, and the remaining net book value of the capitalized lease fees (15,414) has been derecognized. The property is now held within Investment Property at its fair value. In accordance with the company’s investment property policy, the asset is revalued annually to market value, and no depreciation is charged.
- 6 -
MAP Hospitality Ltd Notes to the Accounts for the year ended 31 August 2025
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2024
160,000 
59,713 
315,275 
6,853 
541,841 
Additions
- 
- 
1,280 
- 
1,280 
Revaluations
- 
- 
(216,229)
- 
(216,229)
At 31 August 2025
160,000 
59,713 
100,326 
6,853 
326,892 
Depreciation
At 1 September 2024
- 
17,699 
34,879 
1,356 
53,934 
Charge for the year
- 
13,363 
21,726 
1,371 
36,460 
On transfers to investment property
160,000 
- 
- 
- 
160,000 
At 31 August 2025
160,000 
31,062 
56,605 
2,727 
250,394 
Net book value
At 31 August 2025
- 
28,651 
43,721 
4,126 
76,498 
At 31 August 2024
160,000 
42,014 
280,396 
5,497 
487,907 
6
Investment property
2025 
£ 
Additions
1,075,112 
Transfers from tangible fixed assets
390,783 
At 31 August 2025
1,465,895 
During the financial period, a residential flat with a carrying value of £160,000 was transferred from Tangible Fixed Assets (Land and Buildings) to Investment Property. This transfer reflects a change in use, as the property is now held exclusively to earn rentals and for capital appreciation rather than for operational use by the company. In accordance with FRS 102, the property has been reclassified and will no longer be subject to depreciation, but will be revalued to fair value at each reporting date.
7
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,085 
- 
Amounts due from group undertakings etc.
- 
109,636 
Accrued income and prepayments
- 
45,637 
Other debtors
- 
5,077 
2,085 
160,350 
- 7 -
MAP Hospitality Ltd Notes to the Accounts for the year ended 31 August 2025
8
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
9,224 
17,554 
VAT
19,664 
9,999 
Trade creditors
12,425 
42,536 
Amounts owed to group undertakings and other participating interests
128,383 
- 
Taxes and social security
5,451 
13,606 
Other creditors
83,760 
299,957 
Loans from directors
1,896,513 
738,791 
Accruals
- 
2,322 
2,155,420 
1,124,765 
9
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
11,300 
19,487 
10
Transactions with related parties
MAP MAISON LIMITED (Company Number: 09043987) The company is controlled by Martin's Planet Limited. At the year end MAP Hospitality Ltd Ltd owed MAP Maison Ltd £9,395 (2024: £7,704 owed to MAP Hospitality Ltd) MARTIN'S PLANET LIMITED (Company Number: 07993887) Martin's Planet Ltd is the parent company of MAP Hospitality Ltd At the year end MAP Hospitality Ltd owed Martin's Planet Ltd £118,988 (2024: £101,932 owed to MAP Hospitality Ltd)
11
Controlling party
MARTIN'S PLANET LIMITED (Company number 07993887) with Registered Office address: 321 Kingsland Road, London, E8 4DL owns 100% of the Ordinary Share Capital of MAP Hospitality Ltd. The company is controlled by Mr Joseph Martin Arowolo.
12
Average number of employees
During the year the average number of employees was 4 (2024: 4).
- 8 -