HASMA UK SERVICES LIMITED,Ltd - AccountsLtd

For the year ended 31 December 2024

HASMA UK SERVICES LIMITED

Directors' Report

The director presents his report and accounts for the year ended 31 December 2024.

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 director who served the company throughout the year was 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:

01 September 2025

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Registered Number :

04467458

As at 31 December 2024

HASMA UK SERVICES LIMITED

Statement of Financial Position

2023

2024

Notes

Fixed assets

Property, plant and equipment

55,135

84,539

55,135

84,539

Current assets

176,918

Cash and cash equivalents

223,256

176,918

Trade and other payables: amounts falling due within one

year

(61,357)

(78,291)

115,561

144,965

Net current assets

Total assets less current liabilities

200,100

Trade and other payables: amounts falling due after more

than one year

(200,000)

100

Net assets

100

Capital and reserves

Called up share capital

100

Shareholders' funds

For the year ended 31 December 2024 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 2024 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his 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 01 September 2025 and were signed by:

The notes form part of these financial statements

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For the year ended 31 December 2024

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 1A 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 £874,137 (£918,727 in 2023) to arrive at the notional profit for

the period. Tax is thus computed on this profit figure £87,414 (£91,873 in 2023). The tax amounts to £19,415

(£19,830 in 2023).

Turnover comprises of the operating costs plus tax on profits, and amounts to £893,552 (£938,557 in 2023). 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 £19,415 (£19,830 in 2023)

there is no profit or deficit to be carried forward.

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For the year ended 31 December 2024

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 2024

918,666

764,178

154,488

At 31 December 2024

154,488

764,178

918,666

Provision for depreciation and impairment

At 01 January 2024

834,127

764,177

69,950

Charge for year

29,404

At 31 December 2024

863,531

764,177

99,354

At 31 December 2024

Net book value

55,134

55,135

At 31 December 2023

84,538

84,539

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

2023

2024

Trade creditors

(1)

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

6,892

34,063

Taxation and social security

56,365

26,995

Other creditors

15,035

300

78,291

61,357

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

2023

2024

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

200,000

6. Average number of persons employed

During the year the average number of employees was 5 (2023 : 5)

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