REGISTERED NUMBER: SC309891 (Scotland)

Financial Statements for the Year Ended 30 November 2025

for

Map Period Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Peteranna

REGISTERED OFFICE:

Waterside

St Andrew's Walk

Fortrose

Highland

IV10 8TP

REGISTERED NUMBER:

SC309891 (Scotland)

ACCOUNTANTS:

Highland Accountancy Practice

Chartered Accountants

Suite 1A, Willow House

Stoneyfield Business Park

Inverness

Highland

IV2 7PA

FIXED ASSETS

Tangible assets

4

7,283

298,096

Investment property

5

-

150,000

7,283

448,096

CURRENT ASSETS

Stocks

143,102

-

Debtors

520

25

Cash at bank

216,047

2,827

359,669

2,852

CREDITORS

Amounts falling due within one year

192,546

188,833

NET CURRENT ASSETS/(LIABILITIES)

167,123

(185,981

)

TOTAL ASSETS LESS CURRENT LIABILITIES

174,406

262,115

PROVISIONS FOR LIABILITIES

1,384

62,655

NET ASSETS

173,022

199,460

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation Reserve

6

-

101,032

Fair value reserve

6

-

71,250

Retained earnings

173,020

27,176

SHAREHOLDERS' FUNDS

173,022

199,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2026 and were signed by:

A Peteranna - Director

1.	STATUTORY INFORMATION

Map Period Properties Limited is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and Machinery

-

20% on reducing balance

Motor Vehicles

-

25% on reducing balance

Computer Equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

Stocks

Stocks are valued at the lower of cost and net realisable value, 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 Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Long term contracts

For work in progress and finished goods under long term contracts, profit is recognised in accordance with the percentage of project completion. Income is therefore accrued annually in line with percentage completion.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2024

312,255

Disposals

(288,179

)

At 30 November 2025

24,076

DEPRECIATION

At 1 December 2024

14,159

Charge for year

2,634

At 30 November 2025

16,793

NET BOOK VALUE

At 30 November 2025

7,283

At 30 November 2024

298,096

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

150,000

Disposals

(150,000

)

At 30 November 2025

-

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

150,000

6.

RESERVES

Fair

Revaluation

value

Reserve

reserve

Totals

£

£

£

At 1 December 2024

101,032

71,250

172,282

Reversed on Sale

(101,032

)

(71,250

)

(172,282

)

At 30 November 2025

-

-

-

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

A Peteranna

Balance outstanding at start of year

(189,367

)

(194,617

)

Amounts advanced

63,721

40,860

Amounts repaid

(14,420

)

(35,610

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(140,066

)

(189,367

)

8.	ULTIMATE CONTROLLING PARTY