REGISTERED NUMBER: 11749142 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

MHS Corporate Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Schneider

SECRETARY:

MYUKOFFICE LIMITED

REGISTERED OFFICE:

8 Northumberland Avenue

London

WC2N 5BY

REGISTERED NUMBER:

11749142 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

Hull

HU1 2LD

FIXED ASSETS

Tangible assets

4

15,435

31,487

CURRENT ASSETS

Stocks

2,776

-

Debtors

5

354,237

349,458

Cash at bank

152,024

154,706

509,037

504,164

CREDITORS

Amounts falling due within one year

6

192,351

215,941

NET CURRENT ASSETS

316,686

288,223

TOTAL ASSETS LESS CURRENT LIABILITIES

332,121

319,710

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

8

322,121

309,710

SHAREHOLDERS' FUNDS

332,121

319,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 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 Sections 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 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 director and authorised for issue on 30 September 2025 and were signed by:

G Schneider - Director

1.	STATUTORY INFORMATION

MHS Corporate Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33% on cost

Fixtures and fittings - 33 % on cost

Computer equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Presentational currency

The financial statements are presented in Euros.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

€

COST

At 1 January 2024

85,208

Additions

1,755

Disposals

(4,067

)

At 31 December 2024

82,896

DEPRECIATION

At 1 January 2024

53,721

Charge for year

17,812

Eliminated on disposal

(4,072

)

At 31 December 2024

67,461

NET BOOK VALUE

At 31 December 2024

15,435

At 31 December 2023

31,487

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

€

€

Trade debtors

338,655

275,761

Other debtors

15,582

73,697

354,237

349,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

€

€

Trade creditors

13,141

24,763

Taxation and social security

89,269

77,791

Other creditors

89,941

113,387

192,351

215,941

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

€

€

100

Ordinary

€100

10,000

10,000

8.

RESERVES

Retained

earnings

€

At 1 January 2024

309,710

Profit for the year

62,411

Dividends

(50,000

)

At 31 December 2024

322,121

9.	RELATED PARTY DISCLOSURES

The following Companies are all owned and under the same common control as MHS Corporate Services Ltd and had transactions with the Company during the year:

Autohaus Michael Schmidt GMBH

Automobile Bavaria SRL

Bavaria Mobility SRL

MHS Automotive GMBH

MHS Holding AG

MHS IMMO Bacau SRL

MHS IMMO Brasov SRL

MHS IMMO Cluj SRL

MHS IMMO Craiova SRL

MHS IMMO Oradea SRL

MHS IMMO Otopeni SRL

MHS IMMO Sibiu SRL

MHS IMMO Timisoara SRL

MHS Truck & Bus SRL

MHS Truck Service SRL

Schmidt Premium Cars GMBH (Austria)

Schmidt Premium Cars GMBH

Further to the above the following organisations are related parties:

Fundatia M & V Schmidt

MHS Tourism & Hotel SRL

Schmidt Family Foundation

Schmidt Michael Horst

During the year MHS Corporate Services Ltd made sales to their related parties as follows:

Autohaus Michael Schmidt GMBH €77,000 (2023 - €91,000)

Automobile Bavaria SRL - €228,031 (2023 - €360,945)

Bavaria Mobility SRL - €20,989 (2023: €NIL)

MHS Automotive GMBH - €490,511 (2023 - €354,706)

MHS Holding AG - €311,542 (2023 - €180,971)

MHS IMMO Bacau SRL - €6,270 (2023: €NIL)

MHS IMMO Brasov SRL - €51,540 (2023: €NIL)

MHS IMMO Cluj SRL - €11,593 (2023: €NIL)

MHS IMMO Oradea SRL - €21,483 (2023: €NIL)

MHS IMMO Otopeni SRL - €17,316 (2023: €NIL)

MHS IMMO Sibiu SRL - €33,482 (2023: €NIL)

MHS Truck & Bus SRL - €168,826 (2023 - €113,980)

MHS Truck Centre GMBH - €NIL (2023 - €25,180)

MHS Truck Service SRL - €114,015 (2023 - €114,040)

Schmidt Premium Cars (Austria) - €44,054 (2023 - €115,897)

Schmidt Premium Cars GMBH - €141,000 (2023 - €122,000)

During the year MHS Corporate Services Ltd made purchases from their related companies as follows:

Automobile Bavaria SRL - €2,230 (2023 - €1,906)

Bavaria Mobility - €NIL (2023 - €1,039)

MHS Automotive GMBH - €11,795 (2023 - €14,262)

MHS Truck & Bus SRL - €21,063 (2023 - €5,739)

MHS Truck Service SRL - €5,724 (2023 - €9,004)

Schmidt Premium Cars (Austria) - €NIL (2023 - €1,083)

Schmidt Premium Cars GMBH - €28,800 (2023 - €28,800)

At the period end the following amounts were due to/from their related parties:

€NIL (2023 - €3,000) owed from Autohaus Michael Schmidt GMBH

€1,914 (2023 - €5,182) owed from Automobile Bavaria SRL

€NIL (2023 - €12,034) owed from MHS Automotive GMBH

€166 (2023 - €NIL) owed from MHS IMMO Craiova SRL

€1,430 (2023 - €302 owed to MHS IMMO Oradea SRL) owed from MHS IMMO Oradea SRL

€NIL (2023 - €2,236) owed from MHS IMMO Otopeni SRL

€196 (2023 - €NIL) owed from MHS IMMO Timisoara SRL

€148,397 (2023 - €65,488) owed from MHS Holding AG

€NIL (2023 - €1,648) owed from MHS Truck & Bus SRL

€NIL (2023 - €930) owed from MHS Truck Center GMBH

€NIL (2023 - €2,216) owed from MHS Truck Service SRL

€NIL (2023 - €5,000) owed from Schmidt Premium Cars GMBH

€13,198 (2023 - €70,621) owed from Schmidt Premium Cars GMBH (Austria)

€361 (2023 - €NIL) owed to Bavaria Mobility SRL

10.	IMMEDIATE PARENT COMPANY

The Company is controlled by MHS Holding AG, a company incorporated in Austria.

ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Michael Horst Schmidt.