2022-01-01 04467458 2022-12-31 04467458 2022-01-01 2022-12-31 04467458 uk-bus:Director1 2022-01-01 2022-12-31 04467458 uk-bus:Director1 2022-12-31 04467458 uk-bus:Director2 2022-01-01 2022-12-31 04467458 uk-bus:Director2 2022-12-31 04467458 2021-12-31 04467458 2021-01-01 2021-12-31 04467458 uk-core:WithinOneYear 2021-12-31 04467458 uk-core:WithinOneYear 2022-12-31 04467458 uk-core:AfterOneYear 2021-12-31 04467458 uk-core:AfterOneYear 2022-12-31 04467458 uk-core:ShareCapital 2022-12-31 04467458 uk-core:ShareCapital 2021-12-31 04467458 uk-core:ToolsEquipment 2022-01-01 2022-12-31 04467458 uk-core:MotorCars 2022-01-01 2022-12-31 04467458 uk-core:FurnitureFittings 2022-01-01 2022-12-31 04467458 uk-core:FurnitureFittings 2021-12-31 04467458 uk-core:MotorCars 2021-12-31 04467458 uk-core:MotorCars 2022-12-31 04467458 uk-core:FurnitureFittings 2022-12-31 iso4217:GBP xbrli:pure 04467458 uk-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 04467458 uk-bus:FRS102 2022-01-01 2022-12-31 04467458 uk-bus:FullAccounts 2022-01-01 2022-12-31 04467458 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31

HASMA UK SERVICES LIMITED

Registered Number:04467458

For the year ended 31 December 2022
England and Wales
Report of the Directors and Unaudited Financial Statements

2
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Contents Page
1
Directors' Report
2
Income Statement
3
Statement of Financial Position
4 to 6
Notes to the Financial Statements
3
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Directors' Report
The directors present their report and accounts for the year ended 31 December 2022.

Principal activities

The principal activity of the company is to provide its principals (situated in Saudi Arabia) with a complete range of liaison services in the UK, and with office facilities to its foreign associates. The Company proposes to continue these activities.

Directors
The directors who served the company throughout the year were as follows:
Hatem Ali Al-Juffali
Sami Ali Al-Juffali

Hatem Ali Al-Juffali

Signed on behalf of the board of directors

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Date:

25 September 2023
1 of 6
4
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Income Statement
2021

£

2022

£

Turnover

1,031,674
993,178
993,178
Gross profit
1,031,674

Administrative expenses

(1,012,438)
(974,659)
Operating profit
19,236
18,519
2
19,236
18,519
Profit before taxation
(19,236)
(18,519)

Taxation

-
Profit for the financial year
-
2 of 6
5

Registered Number :

04467458

As at 31 December 2022

HASMA UK SERVICES LIMITED
Statement of Financial Position

£

£

2021
2022

Notes

Fixed assets

Property, plant and equipment

113,943
176,082
3
113,943
176,082

Current assets

Trade and other receivables

4,707
-
4
307,092

Cash and cash equivalents

301,498
301,498
311,799

Trade and other payables: amounts falling due within one
year

(87,781)
(115,341)
5
224,018
186,157
Net current assets

Total assets less current liabilities

300,100
400,100

Trade and other payables: amounts falling due after more
than one year

(400,000)
(300,000)
6
100
Net assets
100

Capital and reserves

Called up share capital

100
100
100
100
Shareholders' funds

For the year ended 31 December 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Hatem Ali Al-Juffali

These financial statements were approved and authorised for issue by the Board on 25 September 2023 and were signed by:

The notes form part of these financial statements

3 of 6
6
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Notes to the Financial Statements
Statutory Information

HASMA UK SERVICES LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04467458.

Registered address:

6 Chesterfield Gardens
London
W1J 5BQ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

25% per annum on cost

Office equipment

25% per annum on cost

Motor vehicles

25% per annum on cost

Fixtures and fittings

2. Profit on ordinary activities before tax

A mark up of 10% is applied to the operating costs of £1,012,438 (£974,659 in 2021) to arrive at the notional profit
for the period. Tax is thus computed on this profit figure £101,244 (£97,466 in 2021). The tax amounts to £19,236
(£18,519 in 2021).

Turnover comprises of the operating costs plus tax on profits, and amounts to £1,031,674 (£993,178 in 2021). The
associate foreign principals reimburse the total operating costs including the tax charge. The operating profit before
taxation, shown in the accounts, comprise of the tax charge for the year. After taxation of £19,236 (£18,519 in 2021)
there is no profit or deficit to be carried forward.

4 of 6
7
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Fixtures and
fittings

Motor vehicles

£

£

£

Cost or
valuation

At 01 January 2022

801,050
764,178
36,872
117,616
-
117,616

Additions

At 31 December 2022

154,488
764,178
918,666

Provision for depreciation and impairment

At 01 January 2022

624,968
589,633
35,335
Charge for year
179,755
174,544
5,211

At 31 December 2022

804,723
764,177
40,546

At 31 December 2022

Net book value

113,942
1
113,943

At 31 December 2021

1,537
174,545
176,082

4. Trade and other receivables

2021
2022

£

£

Other debtors

-
4,707

5. Trade and other payables: amounts falling due within one year

2021
2022

£

£

Trade creditors

(1)
(1)

Amounts owed to group undertaking and undertaking in which the
company has a participating interest

85,260
61,154

Taxation and social security

26,882
23,528

Other creditors

3,200
3,100
115,341
87,781

6. Trade and other payables: amounts falling due after more than one year

2021
2022

£

£

Amounts owed to group undertaking and undertaking in which the
company has a participating interest

300,000
400,000

5 of 6
8
For the year ended 31 December 2022
HASMA UK SERVICES LIMITED
Notes to the Financial Statements Continued

7. Average number of persons employed

During the year the average number of employees was 5 (2021 : 5)
6 of 6