REGISTERED NUMBER: 09801537 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HSMAI REGION EUROPE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms I Hofseth

A D Josephs

SECRETARY:

ADJ Business Solutions Limited

REGISTERED OFFICE:

10 Coldbath Square

London

EC1R 5HL

REGISTERED NUMBER:

09801537 (England and Wales)

ACCOUNTANTS:

ADJ Business Solutions Limited

10 Coldbath Square

London

EC1R 5HL

FIXED ASSETS

Tangible assets

4

783

1,674

CURRENT ASSETS

Debtors

5

676,158

755,561

Cash at bank and in hand

61,357

42,920

737,515

798,481

CREDITORS

Amounts falling due within one year

6

(724,502

)

(789,028

)

NET CURRENT ASSETS

13,013

9,453

TOTAL ASSETS LESS CURRENT LIABILITIES

13,796

11,127

RESERVES

Income and expenditure account

13,796

11,127

13,796

11,127

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 directors acknowledge their 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 surplus or deficit 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 Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

Ms I Hofseth - Director

1.	STATUTORY INFORMATION

HSMAI Region Europe Ltd is a private company, limited by guarantee , 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 and sales represent net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

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.

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 year 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.

Foreign currencies

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

2,673

DEPRECIATION

At 1 January 2024

999

Charge for year

891

At 31 December 2024

1,890

NET BOOK VALUE

At 31 December 2024

783

At 31 December 2023

1,674

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

182,074

179,692

Amounts owed by related undertakings

451,961

463,115

Other debtors

42,123

112,754

676,158

755,561

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

19,786

31,467

Trade creditors

242,786

355,217

Taxation and social security

20,532

14,637

Other creditors

441,398

387,707

724,502

789,028

7.	LIMITED BY GUARANTEE

The company is limited by guarantee.

8.	RELATED UNDERTAKINGS

At the balance sheet date amounts due from to related undertakings included:

Due from HSMAI Global £1,523 ($1,906 ( 2023: $3,071)