MAP_INVESTMENTS_LIMITED - Accounts


Company Registration No. 04056791 (England and Wales)
MAP INVESTMENTS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
MAP INVESTMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
MAP INVESTMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,000,000 
1,000,000 
Current assets
Debtors
-
0
 
1,852 
Cash at bank and in hand
42,742 
23,475 
42,742 
25,327 
Creditors: amounts falling due within one year
3
(148,093)
(139,043)
Net current liabilities
(105,351)
(113,716)
Total assets less current liabilities
894,649 
886,284 
Creditors: amounts falling due after more than one year
4
(296,524)
(351,369)
598,125 
534,915 
Capital and reserves
Called up share capital
5
6 
6 
Revaluation reserve
25,546 
25,546 
Profit and loss account
572,573 
509,363 
Shareholders' funds
598,125 
534,915 
MAP INVESTMENTS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2013
31 December 2013
- 2 -
For the financial year ended 31 December 2013 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 July 2014
N P Hockley
Director
Company Registration No. 04056791
MAP INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Rental income is recognised in the period to which it relates.
1.4
Tangible fixed assets and depreciation
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with  the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
1.5
Deferred taxation
Deferred taxation is not provided for on the basis that there is no intention to sell the investment properties in the immediate future.
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2013 & at 31 December 2013
1,000,000 
Net book value
At 31 December 2013
1,000,000 
At 31 December 2012
1,000,000 
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given, amounted to £54,108 (2012 - £53,224). Security is provided by a legal charge over the investment properties and fixed and floating charges over the assets of the company.
MAP INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 4 -
4
Creditors: amounts falling due after more than one year
2013
2012
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
63,096 
188,760 
The aggregate amount of creditors for which security has been given amounted to £296,524 (2012 - £351,369). Security is provided by a legal charge over the investment properties and fixed and floating charges over the assets of the company.
5
Share capital
2013
2012
£
£
Allotted, called up and fully paid
6Ordinary shares of £1 each
6 
6 
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