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Company Registration No. 14897463 (England and Wales)
HMS23 Limited Unaudited accounts for the year ended 30 September 2025
HMS23 Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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HMS23 Limited Company Information for the year ended 30 September 2025
Directors
N S Charnock E L Charnock
Company Number
14897463 (England and Wales)
Registered Office
First Floor 129 High Street Guildford Surrey GU1 3AA UK
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HMS23 Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
383,493
422,163
Investments
5
1,330,243
1,330,243
1,713,736
1,752,406
Creditors: amounts falling due within one year
6
(1,280,374)
(1,632,685)
Net current liabilities
(1,280,374)
(1,632,685)
Net assets
433,362
119,721
Capital and reserves
Called up share capital
100
100
Capital contribution reserve
7
250,000
-
Profit and loss account
183,262
119,621
Shareholders' funds
433,362
119,721
For the year ending 30 September 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2026 and were signed on its behalf by
N S Charnock Director Company Registration No. 14897463
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HMS23 Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
HMS23 Limited is a private company, limited by shares, registered in England and Wales, registration number 14897463. The registered office is First Floor, 129 High Street, Guildford, Surrey, GU1 3AA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Investments in subsidiaries are included at cost less impairment.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's investments. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. There are no other key sources of estimation uncertainty.
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HMS23 Limited Notes to the Accounts for the year ended 30 September 2025
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is being amortised evenly over its estimated useful life of twenty years.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2024
985,200
Additions
10,689
At 30 September 2025
995,889
Amortisation
At 1 October 2024
563,037
Charge for the year
49,359
At 30 September 2025
612,396
Net book value
At 30 September 2025
383,493
At 30 September 2024
422,163
5
Investments
Subsidiary undertakings
£
Valuation at 1 October 2024
1,330,243
Valuation at 30 September 2025
1,330,243
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,426
-
Amounts owed to group undertakings and other participating interests
358,641
287,945
Other creditors
40,000
40,000
Loans from directors
875,307
1,304,740
1,280,374
1,632,685
7
Capital contribution reserve
During the year, a director waived £250,000 owed to them by the Company under a director’s loan account. The waiver has been treated as a capital contribution and credited to a capital contribution reserve within equity. No shares were issued.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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