MAP 01 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11641849 (England and Wales)

Financial Statements

for the Period

25 October 2018 to 31 October 2019

for

MAP 01 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M A Pastuszynski

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

11641849 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

CURRENT ASSETS

Debtors

4

75,000

Cash at bank

25,956

100,956

CREDITORS

Amounts falling due within one year

5

97,849

NET CURRENT ASSETS

3,107

TOTAL ASSETS LESS CURRENT LIABILITIES

3,107

CAPITAL AND RESERVES

Called up share capital

6

6,001

Retained earnings

(2,894

)

SHAREHOLDERS' FUNDS

3,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2019 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.

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 19 June 2020 and were signed by:

Mr M A Pastuszynski - Director

1.	STATUTORY INFORMATION

MAP 01 Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Taxation

Taxation for the period 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 period 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.

Going concern

The financial statements are prepared on a going concern basis as the director considers

that it has access to the resources required as the company is being supported by the

director, who is not looking to withdraw funds within the next 12 months. Due to the

company's continued support of the director and business model the going concern of the

company is not impacted by Covid 19.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

75,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

97,849

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

A Ordinary

£1

1

1,000

B Ordinary

£1

1,000

1,000

C Ordinary

£1

1,000

1,000

D Ordinary

£1

1,000

1,000

E Ordinary

£1

1,000

1,000

F Ordinary

£1

1,000

1,000

G Ordinary

£1

1,000

6,001

The following shares were issued during the period for cash at par :

1 A Ordinary share of £1

1,000 B Ordinary shares of £1

1,000 C Ordinary shares of £1

1,000 D Ordinary shares of £1

1,000 E Ordinary shares of £1

1,000 F Ordinary shares of £1

1,000 G Ordinary shares of £1

7.	RELATED PARTY DISCLOSURES

As at the balance sheet, included in creditors due within one year £95,449 due to the

director. The amount is interest free and repayable on demand.