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REGISTERED NUMBER: 10269709 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

MOSAIC HOLDINGS LTD

MOSAIC HOLDINGS LTD (REGISTERED NUMBER: 10269709)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOSAIC HOLDINGS LTD

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: Mr K P Edge





REGISTERED OFFICE: Unit 5, The Caxton Centre
Porters Wood
St Albans
Hertfordshire
AL3 6XT





REGISTERED NUMBER: 10269709 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

MOSAIC HOLDINGS LTD (REGISTERED NUMBER: 10269709)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,907 5,018
Investment property 5 1,846,068 1,846,068
1,849,975 1,851,086

CURRENT ASSETS
Debtors 6 52,260 25,598
Cash at bank and in hand 11,520 11,984
63,780 37,582
CREDITORS
Amounts falling due within one year 7 412,463 428,726
NET CURRENT LIABILITIES (348,683 ) (391,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,501,292

1,459,942

CREDITORS
Amounts falling due after more than one
year

8

(1,508,799

)

(1,482,597

)

PROVISIONS FOR LIABILITIES 11 (10,745 ) (10,956 )
NET LIABILITIES (18,252 ) (33,611 )

CAPITAL AND RESERVES
Called up share capital 12 1 1
Fair value reserve 13 46,640 46,640
Retained earnings 13 (64,893 ) (80,252 )
SHAREHOLDERS' FUNDS (18,252 ) (33,611 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

MOSAIC HOLDINGS LTD (REGISTERED NUMBER: 10269709)

BALANCE SHEET - continued
31 July 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





Mr K P Edge - Director


MOSAIC HOLDINGS LTD (REGISTERED NUMBER: 10269709)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Mosaic Holdings 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 as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the company's director and the creditors. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

MOSAIC HOLDINGS LTD (REGISTERED NUMBER: 10269709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include cash and bank balances and loans to related companies, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

MOSAIC HOLDINGS LTD (REGISTERED NUMBER: 10269709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2022 497 14,110 14,607
Additions 158 - 158
At 31 July 2023 655 14,110 14,765
DEPRECIATION
At 1 August 2022 497 9,092 9,589
Charge for year 15 1,254 1,269
At 31 July 2023 512 10,346 10,858
NET BOOK VALUE
At 31 July 2023 143 3,764 3,907
At 31 July 2022 - 5,018 5,018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 1,846,068
NET BOOK VALUE
At 31 July 2023 1,846,068
At 31 July 2022 1,846,068

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2021 52,649
Cost 1,793,419
1,846,068

MOSAIC HOLDINGS LTD (REGISTERED NUMBER: 10269709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 1,793,419 1,793,418

Investment property was valued on an open market basis on 31 July 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 12,655 6,415
Amounts owed by participating interests 26,608 19,183
Directors' current accounts 7,516 -
Prepayments 5,481 -
52,260 25,598

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts (see note 9) 4,269 9,768
Trade creditors 12,882 1,720
Amounts owed to participating interests 379,914 380,144
Social security and other taxes - 135
Other creditors 13,814 12,343
Directors' current accounts - 13,441
Accruals and deferred income - 9,855
Accruals 1,584 1,320
412,463 428,726

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans (see note 9) 27,538 29,923
Other loans (see note 9) 1,481,261 1,452,674
1,508,799 1,482,597

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,481,261 1,452,674

MOSAIC HOLDINGS LTD (REGISTERED NUMBER: 10269709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

9. LOANS

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,269 9,768

Amounts falling due between one and two years:
Bank loans - 1-2 years 27,538 29,923

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,481,261 1,452,674

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 31,807 39,691
Other loans 1,481,261 1,452,674
1,513,068 1,492,365

The loan is secured by way of a charge on the properties.

11. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax
Accelerated capital allowances 742 953
Other timing differences 10,003 10,003
10,745 10,956

Deferred
tax
£   
Balance at 1 August 2022 10,956
Credit to Profit and Loss Account during year (211 )
Balance at 31 July 2023 10,745

MOSAIC HOLDINGS LTD (REGISTERED NUMBER: 10269709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2022 (80,252 ) 46,640 (33,612 )
Profit for the year 15,359 15,359
At 31 July 2023 (64,893 ) 46,640 (18,253 )

14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mr K P Edge
Balance outstanding at start of year - -
Amounts advanced 7,516 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,516 -