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Registration number: 12560341

HMC Funding Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

HMC Funding Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

HMC Funding Limited

Company Information

Directors | C M Tullett B C Bailey

Registered office | Berkeley Suite 35 Berkeley Square Mayfair London W1J 5BF

Accountants | Burton Sweet Ltd Chartered Accountants and Business Advisors Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

HMC Funding Limited

(Registration number: 12560341)
Balance Sheet
30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,556 | 2,909
Current assets |  |  |
Debtors | 5 | 51,640 | 53,766
Cash at bank and in hand |  | 4,213 | 7,649
|  | 55,853 | 61,415
Creditors: Amounts falling due within one year | 6 | (85,277) | (80,253)
Net current liabilities |  | (29,424) | (18,838)
Net liabilities |  | (27,868) | (15,929)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | (27,870) | (15,931)
Shareholders' deficit |  | (27,868) | (15,929)

HMC Funding Limited

(Registration number: 12560341)
Balance Sheet
30 April 2025

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 January 2026 and signed on its behalf by:

......................................... C M Tullett Director
......................................... B C Bailey Director

HMC Funding Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Berkeley Suite
35 Berkeley Square
Mayfair
London
W1J 5BF
England

These financial statements were authorised for issue by the Board on 20 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company had a difficult year and since the year end have been activley persuing new funding options and the company has the ongoing support of the directors.

HMC Funding Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office Equipment | 25% per annum straight line

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business and are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at the transaction price. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

HMC Funding Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 May 2024 | 11,859 | 11,859
Additions | 499 | 499
At 30 April 2025 | 12,358 | 12,358
Depreciation
At 1 May 2024 | 8,950 | 8,950
Charge for the year | 1,852 | 1,852
At 30 April 2025 | 10,802 | 10,802
Carrying amount
At 30 April 2025 | 1,556 | 1,556
At 30 April 2024 | 2,909 | 2,909

HMC Funding Limited

Notes to the Unaudited Financial Statements
Year Ended 30 April 2025

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 2,046 | 1,048
Other debtors | 49,062 | 52,000
Prepayments | 532 | 718
| 51,640 | 53,766

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 12,658 | 12,745
Accruals and deferred income | 2,940 | 1,440
Other creditors | 69,679 | 66,068
| 85,277 | 80,253