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Company No: 01877555 (England and Wales)

# HERTSMERE GROUP SERVICES LTD

### Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

HERTSMERE GROUP SERVICES LTD

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

HERTSMERE GROUP SERVICES LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
HERTSMERE GROUP SERVICES LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 400,000 |  | 400,000
|  | 400,000 |  | 400,000
Current assets |  |  |  |
Debtors | 4 | 719,639 |  | 695,586
Cash at bank and in hand |  | 42,371 |  | 88,411
|  | 762,010 |  | 783,997
Creditors: amounts falling due within one year | 5 | ( 506,722) |  | ( 660,116)
Net current assets |  | 255,288 |  | 123,881
Total assets less current liabilities |  | 655,288 |  | 523,881
Net assets |  | 655,288 |  | 523,881
Capital and reserves |  |  |  |
Called-up share capital | 6 | 4,000 |  | 4,000
Revaluation reserve |  | 400,000 |  | 400,000
Capital redemption reserve |  | 1,000 |  | 1,000
Profit and loss account |  | 250,288 |  | 118,881
Total shareholders' funds |  | 655,288 |  | 523,881

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Hertsmere Group Services Ltd (registered number: 01877555) were approved and authorised for issue by the Director on 19 June 2025. They were signed on its behalf by:

C R Sanders Director |

HERTSMERE GROUP SERVICES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
HERTSMERE GROUP SERVICES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Hertsmere Group Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sandworthy Lodge, Craddock Drive, Leighton Buzzard, LU7 3BW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net assets of £655,288. The Company is supported through loans from an LLP of which this company is a member. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the LLP will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Profit shares from the LLP are recognised when the corporate member's right to receive payment has been established.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 2 |  | 2

#### 3. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 January 2024 | 400,000 |  | 400,000
At 31 December 2024 | 400,000 |  | 400,000
Carrying value at 31 December 2024 | 400,000 |  | 400,000
Carrying value at 31 December 2023 | 400,000 |  | 400,000

The investment represents the directors' valuation of the investment by the company in United-UK LLP. The historical cost of the fixed asset investment is nil (2023: £nil).

#### 4. Debtors

| 2024 |  | 2023
| £ |  | £
Amounts owed by director | 314,790 |  | 548,051
VAT recoverable | 1,796 |  | 106
Corporation tax | 147,429 |  | 147,429
Other debtors | 255,624 |  | 0
| 719,639 |  | 695,586

#### 5. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Trade creditors | 0 |  | 2,845
Accruals | 2,350 |  | 1,750
Taxation and social security | 121,451 |  | 142,600
Other creditors | 382,921 |  | 512,921
| 506,722 |  | 660,116

#### 6. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
4,000 Ordinary shares of £ 1.00 each | 4,000 |  | 4,000

#### 7. Related party transactions

Transactions with the entity's director

At the balance sheet date, the company has a loan due from the director totalling £314,790 (2023: £323,016), with £366,978 being the maximum outstanding in the year. The loan bears interest at 2.25% per annum, and is repayable on demand.