Caseware UK (AP4) 2024.0.164 2024.0.164 2024-01-01 No description of principal activity false 2 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04124461 2024-01-01 2025-03-31 04124461 2023-01-01 2023-12-31 04124461 2025-03-31 04124461 2023-12-31 04124461 c:Director1 2024-01-01 2025-03-31 04124461 c:Director2 2024-01-01 2025-03-31 04124461 d:CurrentFinancialInstruments 2025-03-31 04124461 d:CurrentFinancialInstruments 2023-12-31 04124461 d:Non-currentFinancialInstruments 2025-03-31 04124461 d:Non-currentFinancialInstruments 2023-12-31 04124461 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 04124461 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04124461 d:ShareCapital 2025-03-31 04124461 d:ShareCapital 2023-12-31 04124461 d:RetainedEarningsAccumulatedLosses 2025-03-31 04124461 d:RetainedEarningsAccumulatedLosses 2023-12-31 04124461 c:FRS102 2024-01-01 2025-03-31 04124461 c:AuditExempt-NoAccountantsReport 2024-01-01 2025-03-31 04124461 c:FullAccounts 2024-01-01 2025-03-31 04124461 c:PrivateLimitedCompanyLtd 2024-01-01 2025-03-31 04124461 e:PoundSterling 2024-01-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 04124461 Mantis Piping Group Limited Unaudited Financial statements Information for filing with the registrar For the period ended 31 March 2025
Mantis Piping Group Limited Registered number: 04124461 Balance sheet As at 31 March 2025
|  | 31 March |  | 31 December
|  | 2025 |  | 2023
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 4 | - |  | 329,596 |
Debtors: amounts falling due within one year | 4 | 2,305,073 |  | 153,626 |
Current asset investments | 5 | - |  | 77,757 |
Cash at bank and in hand | 6 | 51 |  | 51 |
|  | 2,305,124 |  | 561,030 |
Creditors: amounts falling due within one year | 7 | (2,308,203) |  | (2,500) |
Net current (liabilities)/assets |  |  | (3,079) |  | 558,530
Total assets less current liabilities |  |  | (3,079) |  | 558,530
Net (liabilities)/assets |  |  | (3,079) |  | 558,530
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 3,950 |  | 3,950
Profit and loss account |  |  | (7,029) |  | 554,580
|  |  | (3,079) |  | 558,530
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 period 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 comprehensive income 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 12 August 2025.
Daniel Composto | James Short
Director | Director
The notes on pages 2 to 5 form part of these financial statements. Page 1
Mantis Piping Group Limited Notes to the financial statements For the period ended 31 March 2025
1. | General information
Mantis Piping Group Limited ('the Company') is a private company limited by shares, domiciled and incorporated in England and Wales. The address of the company's registered office is 1st Floor, 48 Chancery Lane, London, England, WC2A 1JF. The principal activity of the company continued to be that of manufacturing and supply of valves to energy projects. 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 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Page 2
Mantis Piping Group Limited Notes to the financial statements For the period ended 31 March 2025 2.Accounting policies (continued)
| 2.3 | Current and deferred taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.4 | 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.
| 2.5 | 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.
| 2.6 | 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.
| 2.7 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 3
Mantis Piping Group Limited Notes to the financial statements For the period ended 31 March 2025 2.Accounting policies (continued)
| 2.8 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the period was 2 (2023 - 2).
4. | Debtors
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Due after more than one year |  |
| Amounts owed by group undertakings | - | 329,596
|  | - | 329,596
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Due within one year |  |
| Amounts owed by group undertakings | 2,305,073 | -
| Deferred taxation | - | 153,626
|  | 2,305,073 | 153,626
5. | Current asset investments
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Shares in group undertakings | - | 77,757
|  | - | 77,757
Page 4
Mantis Piping Group Limited Notes to the financial statements For the period ended 31 March 2025
6. | Cash and cash equivalents
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 51 | 51
|  | 51 | 51
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 2,305,703 | -
| Accruals and deferred income | 2,500 | 2,500
|  | 2,308,203 | 2,500
8. | Related party transactions
| During the year, the company had transactions with February2023 and Mantis Piping Inc, its parent company. At the year end there was a balance owed from Mantis Trading Inc of £2,305,703 and a balnced owed to February2023 of £2,305,703.
9. | Controlling party
The immediate controlling party is February2023 Limited by virtue of their 100% shareholding.
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