REGISTERED NUMBER: 05079581 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MOSAIC (FELBRIDGE) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J G P Campling

S J Pope

REGISTERED OFFICE:

Ridge Court

The Ridge

Epsom

Surrey

KT18 7EP

REGISTERED NUMBER:

05079581 (England and Wales)

AUDITORS:

Lewis Brownlee (Chichester) Limited

Statutory Auditors

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

FIXED ASSETS

Investment property

4

350,000

1,500,000

CURRENT ASSETS

Debtors

5

1,816

5,071

CREDITORS

Amounts falling due within one year

6

750

4,079

NET CURRENT ASSETS

1,066

992

TOTAL ASSETS LESS CURRENT LIABILITIES

351,066

1,500,992

CREDITORS

Amounts falling due after more than one year

7

326,305

1,416,667

NET ASSETS

24,761

84,325

CAPITAL AND RESERVES

Called up share capital

1

1

Non- distributable reserve

8

167,777

719,044

Retained earnings

(143,017

)

(634,720

)

SHAREHOLDER FUNDS

24,761

84,325

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 Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

S J Pope - Director

1.	STATUTORY INFORMATION

Mosaic (Felbridge) Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 05079581 and its registered office is Ridge Court, The Ridge, Epsom, Surrey, KT18 7EP.

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 financial statements are presented in Sterling (£), which is also the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key source of estimation uncertainty that has a significant effect on the amounts recognised in the financial statements is the valuation of investment property. Investment property is stated at fair value based on the valuation performed by an independent professional valuer with recent experience in the location and category of property valued. The valuer used observable market prices adjusted as necessary for any difference in the future, location or condition of the specific asset.

Revenue

Revenue represents income receivable, recognised on a time basis, from the company's property investments, excluding value added tax.

Investment property

In accordance with FRS 102 Section 16, properties held for long-term investment are included in the balance sheet at fair value. The surpluses or deficits on such properties are recognised on the income statement. Depreciation is not provided in respect of such freehold investment properties.

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation

Taxation for the year 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 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.

Going concern

The financial statements have been prepared on the basis that the company is a going concern. The company's ability to continue as a going concern is dependent upon the support provided by the parent undertaking. The directors have received assurances that no repayment of the loan provided by the parent undertaking will be requested for at least the next twelve months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,500,000

Disposals

(1,150,000

)

At 31 March 2025

350,000

NET BOOK VALUE

At 31 March 2025

350,000

At 31 March 2024

1,500,000

During the year the investment property was partially disposed for proceeds of £1,150,000. The residual investment property was valued by Knight Frank LLP on 28 November 2024 at £350,000. It is the opinion of the directors that the value of the investment property did not change between the balance sheet date and the dates of the disposals and the valuation, and therefore the fair value of the investment property at the balance sheet date was £350,000. The historical cost of the property was £182,223 (2024: £780,956).

No provision has been made for deferred tax of £24,496 (2024: £104,984) arising on the revaluation. This amount would become chargeable in the event of the property being sold, but there are tax losses within the group sufficient that the tax would not be payable.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2008

19,789

Valuation in 2009

(9,512

)

Valuation in 2010

64,167

Valuation in 2012

(23,333

)

Valuation in 2014

46,667

Valuation in 2017

(22,167

)

Valuation in 2019

25,666

Valuation in 2021

70,000

Valuation in 2022

(3,500

)

Cost

182,223

350,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

274

Prepayments and accrued income

1,816

4,797

1,816

5,071

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

3,329

Accruals and deferred income

750

750

750

4,079

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Loan from parent undertaking

326,305

1,416,667

8.

RESERVES

Non-

distributable

reserve

£

At 1 April 2024

719,044

Sale in the year

(551,267

)

At 31 March 2025

167,777

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sam Ede BFP FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lewis Brownlee (Chichester) Limited

10.	CONTINGENT LIABILITIES

The shares of the company and the property held by the company are charged as security for the bank borrowings of the parent undertaking.