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Company Registration No. 09565046 (England and Wales)
HSSMI Foundation Unaudited accounts for the year ended 31 December 2025
HSSMI Foundation Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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HSSMI Foundation Company Information for the year ended 31 December 2025
Directors
D Anderson A Bindel BC Graves D Wells RJ Allison
Company Number
09565046 (England and Wales)
Registered Office
THE BAGEL FACTORY, UNIT A-C 52-54 WHITE POST LANE LONDON E9 5EN UNITED KINGDOM
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HSSMI Foundation Statement of financial position as at 31 December 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investments
5
92,636 
92,636 
Current assets
Debtors
6
20,194 
51,562 
Cash at bank and in hand
220,217 
261,433 
240,411 
312,995 
Creditors: amounts falling due within one year
7
(7,841)
(1,484)
Net current assets
232,570 
311,511 
Net assets
325,206 
404,147 
Reserves
8
Profit and loss account
325,206 
404,147 
Members' funds
325,206 
404,147 
For the 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. 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 18 August 2026 and were signed on its behalf by
D Wells Director Company Registration No. 09565046
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HSSMI Foundation Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
HSSMI Foundation is a private company, limited by guarantee, registered in England and Wales, registration number 09565046. The registered office is THE BAGEL FACTORY, UNIT A-C, 52-54 WHITE POST LANE, LONDON, E9 5EN, UNITED KINGDOM.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.
Land & buildings
10 years straight line
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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HSSMI Foundation Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2025
11,744 
312,500 
79,582 
403,826 
At 31 December 2025
11,744 
312,500 
79,582 
403,826 
Depreciation
At 1 January 2025
11,744 
312,500 
79,582 
403,826 
At 31 December 2025
11,744 
312,500 
79,582 
403,826 
Net book value
At 31 December 2025
- 
- 
- 
- 
5
Investments
Other investments 
£ 
Valuation at 1 January 2025
92,636 
Valuation at 31 December 2025
92,636 
Investments in unquoted equity instruments, including special share rights, are initially recognised at fair value, which is normally the transaction price, including directly attributable transaction costs. Where fair value can be measured reliably, such investments are subsequently measured at fair value at each reporting date, with changes in fair value recognised in profit or loss for the period. Where fair value cannot be measured reliably without undue cost or effort, the investment is carried at cost less any accumulated impairment losses. An impairment loss is recognised when there is objective evidence that the investment’s recoverable amount is lower than its carrying amount. Dividends and other distributions receivable from such investments are recognised in profit or loss when the right to receive payment is established. On 30 November 2021, as part of the consideration for the sale of the trade and assets of HSSMI Trading Limited, the company received a “golden share’ in New Co Consulting Limited. This share gives the company the right to participate in the future profits of New Co Consulting Limited. The investment has been recognised at its fair value of £105,000 at the date of acquisition and is classified as a non-current asset. The fixed asset investments comprised the company's shareholding in New Co Consulting Limited (Reg. Number: 13585848)
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
1,939 
- 
Trade debtors
- 
26,708 
Accrued income and prepayments
16,395 
12,489 
Other debtors
1,860 
12,365 
20,194 
51,562 
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HSSMI Foundation Notes to the Accounts for the year ended 31 December 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
- 
230 
Trade creditors
7,320 
1,254 
Taxes and social security
521 
- 
7,841 
1,484 
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Average number of employees
During the year the average number of employees was 1 (2024: 0).
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