Company No: 01877555 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	3	400,000		400,000
		400,000		400,000
Current assets
Debtors	4	571,743		719,639
Cash at bank and in hand		9,567		42,371
		581,310		762,010
Creditors: amounts falling due within one year	5	( 297,813)		( 506,722)
Net current assets		283,497		255,288
Total assets less current liabilities		683,497		655,288
Net assets		683,497		655,288
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		278,497		250,288
Total shareholders' funds		683,497		655,288

For the financial year ending 31 December 2025 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.

The financial statements of Hertsmere Group Services Ltd (registered number: 01877555) were approved and authorised for issue by the Director on 20 May 2026. They were signed on its behalf by:

C R Sanders Director

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 current assets of £283,497. 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.

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

	2025		2024
	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 2025	400,000		400,000
At 31 December 2025	400,000		400,000
Carrying value at 31 December 2025	400,000		400,000
Carrying value at 31 December 2024	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 (2024: £nil).

4. Debtors

	2025		2024
	£		£
Amounts owed by director	199,185		314,790
VAT recoverable	964		1,796
Corporation tax	173,682		147,429
Other debtors	197,912		255,624
	571,743		719,639

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	3,940		2,350
Taxation and social security	0		121,451
Other creditors	293,873		382,921
	297,813		506,722

6. Called-up share capital

	2025		2024
	£		£
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 and non-director shareholder totalling £396,410 (2024: £570,414), with £605,624 being the maximum outstanding in the year. The loan bears interest at HMRC's official interest rate, and is repayable on demand.