ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Registered number: 11609848

MIMOSA STAR LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

MIMOSA STAR LIMITED

COMPANY INFORMATION

Directors	M T Phillips
	E A Phillips


Registered number	11609848


Registered office	Moorlands Hall
	Skelton Lane
	Wigginton
	York
	YO32 2RE


Accountants	Grant Thornton UK LLP
	Chartered Accountants
	Royal Liver Building
	Liverpool
	L3 1PS


Investment manager	Bank Pictet & CIE (Europe) AG
	Stratton House, 6th Floor
	5 Stratton Street
	London
	W1J 8LA

MIMOSA STAR LIMITED

CONTENTS

	Page
Accountants' Report	1
Statement of Financial Position	2 - 3
Notes to the Financial Statements	4 - 9

Report to the directors on the preparation of the unaudited statutory financial statements of Mimosa Star Limited for the period ended 31 March 2025

We have compiled the accompanying financial statements of Mimosa Star Limited (the ‘company’) based on the information you have provided. These financial statements comprise the Statement of Financial Position of Mimosa Star Limited as at 31 March 2025, and a summary of significant accounting policies and other explanatory information.

We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), 'Compilation Engagements'.

We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). As a member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com.

These financial statements and the accuracy and completeness of the information used to compile them are your responsibility.

Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with United Kingdom Generally Accepted Accounting Practice.

This report is made solely to the company's directors, as a body, in accordance with the terms of our engagement letter dated 14 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the company's directors, as a body, in this report in accordance with our engagement letter dated 14 March 2025. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its directors, as a body, for our work or for this report.

Grant Thornton UK LLP

Chartered Accountants

Liverpool

30 October 2025

Page 1

MIMOSA STAR LIMITED

REGISTERED NUMBER: 11609848

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

	31 March	31 October
	2025	2023
Note	£	£

Fixed assets
Investments	4		3,997,573		-
Current assets
Debtors: amounts falling due within one year	5	700		700
Creditors: amounts falling due within one year	6	(4,055,687)		-
Net current (liabilities)/assets			(4,054,987)		700
Total assets less current liabilities			(57,414)		700

Net (liabilities)/assets			(57,414)		700

Capital and reserves
Called up share capital	7	700	700
Profit and loss account		(58,114)	-
Total (equity deficit)/equity		(57,414)	700

Page 2

MIMOSA STAR LIMITED

REGISTERED NUMBER: 11609848

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

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 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 by:

M T Phillips

Director

Date: 27 October 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

MIMOSA STAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Mimosa Star Limited is a private company limited by shares, incorporated in England and Wales. Its registered number is 11609848, and its registered head office is located at Moorlands Hall, Skelton Lane, Wigginton, York, YO32 2RE.

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 company's functional and presentation currency is Sterling and all values are rounded to the nearest pound (£) except when otherwise stated.

The following principal accounting policies have been applied:

2.2

Going concern

Notwithstanding the net current liabilities at 31 March 2025, the directors believe it is appropriate for the financial statements to be prepared on a going concern basis.
The directors have confirmed that their directors' loan account balance disclosed within creditors falling due within one year will not be recalled for repayment until the company is in a financial position to repay the loan. In terms of the investments held by the company there can be no certainty in relation to investments made by the company. The investments are held for long term growth and there is an expectation that the investments will fluctuate in value but stabilise over time. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

2.3

Other operating income

Other operating income represents dividends receivable from investments and is recognised on a received basis. This also represents gains on the sale of investments and unrealised gains and losses in the change in market value of the investments.

Page 4

MIMOSA STAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss within 'administration expenses'.

2.5

Taxation

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 reporting date in the countries where the company operates and generates income.

2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.7

In species transfer

Transfer of species investments are recognised at fair value at the date of transfer.

Page 5

MIMOSA STAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

Basic 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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

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

Page 6

MIMOSA STAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Financial instruments (continued)

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Employees

The average monthly number of employees during the period was 0 (2023: 0).

4.	Fixed asset investments

		Listed investments
		£
	Cost or valuation
	Additions	5,735,749
	Disposals	(1,720,108)
	Revaluations	(18,068)
	At 31 March 2025	3,997,573

	Net book value
	At 31 March 2025	3,997,573
	At 31 October 2023	-

The historical cost of the listed investments had they not been revalued is £3,781,013 (2023: £Nil).

Page 7

MIMOSA STAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Debtors

					31 March	31 October
					2025	2023
					£	£


Called up share capital not paid	700	700

Other creditors	4,045,787	-
Accruals	9,900	-
	4,055,687	-

Allotted, called up and unpaid

100 (2023: 100) 'A' Ordinary shares of £1.00 each	100	100
100 (2023: 100) 'B' Ordinary shares of £1.00 each	100	100
100 (2023: 100) 'C' Ordinary shares of £1.00 each	100	100
100 (2023: 100) 'D' Ordinary shares of £1.00 each	100	100
100 (2023: 100) 'E' Ordinary shares of £1.00 each	100	100
100 (2023: 100) 'F' Ordinary shares of £1.00 each	100	100
100 (2023: 100) 'G' Ordinary shares of £1.00 each	100	100

	700	700

Variation of rights
Dividends - Equal rights for A Shares, B Shares, C Shares, D Shares, E Shares, F Shares, G Shares to dividend payments which are to be distributed pro rata.
Capital - Equal rights for - A Shares, B Shares, C Shares, D Shares, E Shares, F Shares, G Shares to participate in any capital distribution distributed pro rata.
Voting - A Shares and B Shares have one vote in any circumstance, C Shares, D Shares, E Shares, F Shares, G Shares have no entitlement to vote.
Redeemable - All classes of shares are non-redeemable.

Page 8

MIMOSA STAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

8.	Related party transactions
	At 31 March 2025, an amount of £4,045,787 (2023: £Nil) is due to the directors, this is included within other creditors due within one year. The loan is interest free, unsecured and repayable on demand.

Page 9