Registration number: 16091585

Map Space Ltd

Contents

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

Map Space Ltd

(Registration number: 16091585)
Balance Sheet as at 31 March 2026

	Note	2026 £
Fixed assets
Tangible assets	4	167,811
Current assets
Debtors	5	8,852
Cash at bank and in hand		65,149
		74,001
Creditors: Amounts falling due within one year	6	(51,328)
Net current assets		22,673
Total assets less current liabilities		190,484
Creditors: Amounts falling due after more than one year	6	(232,500)
Net liabilities		(42,016)
Capital and reserves
Called up share capital	7	30
Retained earnings		(42,046)
Shareholders' deficit		(42,016)

For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2026 and signed on its behalf by:
 

......................................... M C Bryan Director

Map Space Ltd

Notes to the Unaudited Financial Statements for the Period from 20 November 2024 to 31 March 2026

1	General information

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

The address of its registered office is:
Eagle House
Colston Avenue
Bristol
BS1 4ST
United Kingdom

These financial statements were authorised for issue by the Board on 26 June 2026.

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 years 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.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Map Space Ltd

Notes to the Unaudited Financial Statements for the Period from 20 November 2024 to 31 March 2026 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	25% straight line
Office equipment	25% straight line
Office furniture	25% straight line
Fixtures and fittings	Term of lease

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Map Space Ltd

Notes to the Unaudited Financial Statements for the Period from 20 November 2024 to 31 March 2026 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 directors) during the period, was 3.

4	Tangible assets

	Fixtures and fittings £	Office furniture £	Computer equipment £	Office equipment £
Cost or valuation
Additions	121,362	54,276	1,151	2,493
At 31 March 2026	121,362	54,276	1,151	2,493
Depreciation
Charge for the period	7,892	3,265	144	170
At 31 March 2026	7,892	3,265	144	170
Carrying amount
At 31 March 2026	113,470	51,011	1,007	2,323

Map Space Ltd

Notes to the Unaudited Financial Statements for the Period from 20 November 2024 to 31 March 2026 (continued)

4	Tangible assets (continued)

	Total £
Cost or valuation
Additions	179,282
At 31 March 2026	179,282
Depreciation
Charge for the period	11,471
At 31 March 2026	11,471
Carrying amount
At 31 March 2026	167,811

5

Debtors

Current	2026 £
Trade debtors	171
Prepayments	223
Other debtors	8,458
	8,852

Map Space Ltd

Notes to the Unaudited Financial Statements for the Period from 20 November 2024 to 31 March 2026 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2026 £
Due within one year
Accruals and deferred income	51,328

Creditors: amounts falling due after more than one year

	Note	2026 £
Due after one year
Loans and borrowings	8	232,500

7	Share capital

Allotted, called up and fully paid shares

	2026
	No.	£
Ordinary £0.001 shares of £0.00 each	30,000	30

Map Space Ltd

Notes to the Unaudited Financial Statements for the Period from 20 November 2024 to 31 March 2026 (continued)

8	Loans and borrowings

Non-current loans and borrowings

	2026 £
Other borrowings	232,500

9	Related party transactions

Other transactions with directors

During the year the directors and close family members provided loan funds to the company. At the balance sheet date a balance was owed by the company of £232,500.The loan funds are repayable in instalments with repayments expected to commence no earlier than 31 March 2027.