Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30business support service activities2023-07-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05728286 2023-07-01 2024-06-30 05728286 2022-07-01 2023-06-30 05728286 2024-06-30 05728286 2023-06-30 05728286 c:Director1 2023-07-01 2024-06-30 05728286 d:OfficeEquipment 2023-07-01 2024-06-30 05728286 d:OfficeEquipment 2024-06-30 05728286 d:OfficeEquipment 2023-06-30 05728286 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05728286 d:CurrentFinancialInstruments 2024-06-30 05728286 d:CurrentFinancialInstruments 2023-06-30 05728286 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05728286 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05728286 d:ShareCapital 2024-06-30 05728286 d:ShareCapital 2023-06-30 05728286 d:RetainedEarningsAccumulatedLosses 2024-06-30 05728286 d:RetainedEarningsAccumulatedLosses 2023-06-30 05728286 c:FRS102 2023-07-01 2024-06-30 05728286 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05728286 c:FullAccounts 2023-07-01 2024-06-30 05728286 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05728286 6 2023-07-01 2024-06-30 05728286 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number:  05728286














MOSAIC PRIVATE EQUITY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


 
MOSAIC PRIVATE EQUITY LIMITED
REGISTERED NUMBER: 05728286

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
713
1,044

Investments
 5 
1
1

  
714
1,045

Current assets
  

Debtors: amounts falling due within one year
 6 
100,299
98,000

Cash at bank and in hand
 7 
26,375
16,870

  
126,674
114,870

Creditors: amounts falling due within one year
 8 
(1,136)
(3,309)

Net current assets
  
 
 
125,538
 
 
111,561

Total assets less current liabilities
  
126,252
112,606

  

Net assets
  
126,252
112,606

Page 1

 
MOSAIC PRIVATE EQUITY LIMITED
REGISTERED NUMBER: 05728286
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
310,600
310,600

Profit and loss account
  
(184,348)
(197,994)

  
126,252
112,606


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 March 2025.




P M Newton
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MOSAIC PRIVATE EQUITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no.05728286). The address of the registered office is Paradigm House, Brooke Court, Lower Meadow Road, Wilmslow SK9 3ND.
These financial statements present information about the company as an individual undertaking; it is the parent company of a small group of companies. The principal activity of the company is that of private equity investment and arranging deals in unquoted companies.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MOSAIC PRIVATE EQUITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
MOSAIC PRIVATE EQUITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2023
3,974


Additions
100



At 30 June 2024

4,074



Depreciation


At 1 July 2023
2,930


Charge for the year on owned assets
431



At 30 June 2024

3,361



Net book value



At 30 June 2024
713



At 30 June 2023
1,044


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
1



At 30 June 2024
1




Page 5

 
MOSAIC PRIVATE EQUITY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
8,000
6,000

Called up share capital not paid
92,000
92,000

Prepayments and accrued income
299
-

100,299
98,000



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
26,375
16,870

26,375
16,870



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
252
2,574

Amounts owed to group undertakings
1
1

Other taxation and social security
883
480

Accruals and deferred income
-
254

1,136
3,309



9.


Contingent liabilities

At the balance sheet date the accrued dividend on the preference shares was £346,075 (2023: £326,175). This dividend has not been reflected in the financial statements because the company does not have sufficient distributable reserves.

 
Page 6