REGISTERED NUMBER: |
HST GLOBAL SERVICES LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 AUGUST 2021 TO 31 DECEMBER 2022 |
REGISTERED NUMBER: |
HST GLOBAL SERVICES LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 AUGUST 2021 TO 31 DECEMBER 2022 |
HST GLOBAL SERVICES LIMITED (REGISTERED NUMBER: 12745131) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2021 TO 31 DECEMBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 5 |
HST GLOBAL SERVICES LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 AUGUST 2021 TO 31 DECEMBER 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and Statutory Auditor |
Swansea, United Kingdom |
AUDITORS OFFICE: |
Swansea Enterprise Park |
Swansea |
SA7 9FG |
HST GLOBAL SERVICES LIMITED (REGISTERED NUMBER: 12745131) |
BALANCE SHEET |
31 DECEMBER 2022 |
2022 | 2021 |
(Unaudited) |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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 |
HST GLOBAL SERVICES LIMITED (REGISTERED NUMBER: 12745131) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2021 TO 31 DECEMBER 2022 |
1. | STATUTORY INFORMATION |
HST Global Services Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
Monetary amounts in these financial statements are rounded to the nearest £. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The comparatives are unaudited. |
The company has changed the financial year-end from 31 July to 31 December to align with fellow group companies. Therefore the comparative amounts presented in these financial statements (including the related notes) are not entirely comparable. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Taxation |
Taxation for the period 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 |
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 period 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. |
Investments |
Investments are accounted for at cost less impairment. |
HST GLOBAL SERVICES LIMITED (REGISTERED NUMBER: 12745131) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 AUGUST 2021 TO 31 DECEMBER 2022 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
In the opinion of the directors, preparing the financial statements on the going concern basis is appropriate due to the continued support of the ultimate parent company, Purus Wind Ltd. The directors have received confirmation that Purus Wind Ltd Ltd intends to support the Company for a period of at least one year after these financial statements have been signed. |
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. |
Accordingly, they continue to adopt the going concern basis in preparing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2021 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 August 2021 |
and 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 July 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
(Unaudited) |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
(Unaudited) |
£ | £ |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
HST GLOBAL SERVICES LIMITED (REGISTERED NUMBER: 12745131) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 AUGUST 2021 TO 31 DECEMBER 2022 |
8. | ULTIMATE CONTROLLING PARTY |
The immediate controlling party is HST Marine Holdings Ltd. The ultimate controlling party is Purus Marine Holdings LP which is registered in the Cayman Islands. |