REGISTERED NUMBER: 08708261 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

MOSAIC DOCKLANDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Rahim Virani

Karim Virani

SECRETARY:

Paul Davis

REGISTERED OFFICE:

Crown House

North Circular Road

London

NW10 7PN

REGISTERED NUMBER:

08708261 (England and Wales)

AUDITORS:

UHY Affinia

Chartered Accountants & Statutory Auditor

168 Church Road

Hove

East Sussex

BN3 2DL

FIXED ASSETS

Investment property

4

1,250,000

1,250,000

CURRENT ASSETS

Debtors

5

30,426

30,897

Cash at bank

42,831

47,335

73,257

78,232

CREDITORS

Amounts falling due within one year

6

183,592

241,854

NET CURRENT LIABILITIES

(110,335

)

(163,622

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,139,665

1,086,378

PROVISIONS FOR LIABILITIES

69,386

69,386

NET ASSETS

1,070,279

1,016,992

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

7

163,494

163,494

Retained earnings

906,784

853,497

SHAREHOLDERS' FUNDS

1,070,279

1,016,992

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 23 September 2026 and were signed on its behalf by:

Rahim Virani - Director

1.	STATUTORY INFORMATION

Mosaic Docklands Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is Crown House, North Circular Road, Park Royal, London NW10 7PN.

2.	ACCOUNTING POLICIES

Accounting convention

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 prepared in sterling, which is the functional currency of the entity

Going concern

In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements.

The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.

Critical accounting judgements and key sources of estimation uncertainty

Significant Judgements

The significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Property Valuations

Properties are valued annually at fair value by the directors. Fair value is ascertained through review of a number of factors to include market knowledge and market yields. There is an inevitable degree of judgement involved and value can only ultimately be reliably tested in the market itself..

Turnover

Turnover represents gross amounts receivable from rents charged to tenants and the invoice value of other services supplied.

Turnover is recognised when the rent is due from tenants on an accruals basis.

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.

Investment properties are accounted for as follows:

- Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

- Investment properties whose fair value can be measured reliably are measured at fair value. The surplus or deficit on revaluation is recognised in the income statement and accumulated in the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in retained earnings for the year.

Depreciation is provided only on those investment properties that are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the applicable standard, FRS 102, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial information to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount in respect of this which might otherwise have been shown cannot be separately identified or quantified.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,250,000

NET BOOK VALUE

At 31 March 2026

1,250,000

At 31 March 2025

1,250,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

1,250,000

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

2026

2025

£

£

Cost

1,057,174

1,057,174

The leasehold investment property was valued on 31 March 2026 on a fair value basis as at that date by the directors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

24,942

25,515

Other debtors

5,484

5,382

30,426

30,897

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

35,617

34,317

Amounts owed to group undertakings

40,598

119,888

Taxation and social security

17,926

16,481

Other creditors

89,451

71,168

183,592

241,854

7.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

163,494

The company has the following reserves, the movements of which in the current and prior years are shown in the statements of changes in equity:

Called-up share capital

Called-up share capital represents the nominal value of shares that have been issued.

Revaluation reserve (non-distributable)

The revaluation reserve is used to record increases in the fair value of investment properties and decreases to the extent that such decreases relates to an increase on the same asset, net of deferred tax.

Retained earnings

The retained earnings represent all current and prior period retained profits and losses.

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

The Report of the Auditors was unqualified.

David Guest FCA (Senior Statutory Auditor)

for and on behalf of UHY Affinia

9.	RELATED PARTY DISCLOSURES

There are no related party transactions that require disclosure under FRS102.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of the Company is Cygnet Properties and Leisure Plc, a company incorporated in England and Wales. The registered office of Cygnet Properties and Leisure Plc is Crown House, North Circular Road, London, NW10 7PN.

Cygnet Properties and Leisure Plc is the parent undertaking of the smallest group of undertakings for which group accounts are prepared and of which the Company is a member.