Hart Security UK Limited

(Registration number: 03841965)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	106
Current assets
Debtors	5	2,822,183	3,576,617
Cash at bank and in hand		6,777	22,717
		2,828,960	3,599,334
Creditors: Amounts falling due within one year	6	(1,195,525)	(2,605,571)
Net current assets		1,633,435	993,763
Net assets		1,633,435	993,869
Capital and reserves
Called up share capital	7	211,060	211,060
Retained earnings		1,422,375	782,809
Shareholders' funds		1,633,435	993,869

These financial statements have been prepared and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 August 2026
 

......................................... Hon Richard Alexander David Bethell Director

Hart Security UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

Hart Security UK Limited ("the company") is a private company limited by share capital, incorporated in England.

The address of its registered office is:
118 Piccadilly
Mayfair
London
W1J 7NW

These financial statements were authorised for issue by the director on 28 August 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. In making his assessment of going concern, the director has considered a period of at least one year from the date on which the financial statements are approved.

Hart Security UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025
(continued)

2	Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 28 August 2026 was Danny King ACA, who signed for and on behalf of Young & Co (Hereford) Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 in the countries where the company operates and generates taxable income. The current income tax charge includes claims for group loss relief from fellow group companies. No payment is made to other group companies for the use of losses.

Hart Security UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025
(continued)

2	Accounting policies (continued)

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	33% of cost per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Hart Security UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025
(continued)

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 the director) during the year, was 4 (2024 - 4).

Hart Security UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025
(continued)

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	4,402	4,402
At 31 December 2025	4,402	4,402
Depreciation
At 1 January 2025	4,296	4,296
Charge for the year	106	106
At 31 December 2025	4,402	4,402
Carrying amount
At 31 December 2025	-	-
At 31 December 2024	106	106

Hart Security UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025
(continued)

5

Debtors

	2025 £	2024 £
Trade debtors	243,980	213,540
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,554,116	3,334,995
Prepayments	23,334	19,170
Other debtors	753	8,912
	2,822,183	3,576,617

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	247,095	179,191
Amounts owed to group undertakings and undertakings in which the company has a participating interest	809,810	2,341,545
Taxation and social security	88,842	54,518
Accruals and deferred income	49,777	29,940
Other creditors	1	377
	1,195,525	2,605,571

Hart Security UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025
(continued)

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	211,060	211,060	211,060	211,060

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £1,376,667 (2024 - £1,435,000). The company has provided guarantees in respect of borrowings of Leadership Trust Training and Development Limited, a fellow subsidiary undertaking.

During the year, the borrowing facilities were refinanced. The guarantee that gave rise to the comparative year-end exposure was provided to Launcelot Investments Limited and was released on 19 August 2025. A replacement guarantee was subsequently granted in favour of Barclays Bank Plc under a debenture dated 28 July 2025. The guarantee outstanding at 31 December 2025 relates solely to the Barclays Bank Plc facility.

9	Related party transactions

Summary of transactions with parent

Hart Security Ltd The loans from parent company are interest free, unsecured and have no fixed repayment terms.

Hart Security UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025
(continued)

9	Related party transactions (continued)

Loans from related parties

2025	Parent £	Total £
At start of period	2,055,118	2,055,118
Advanced	2,246,514	2,246,514
Repaid	(3,602,197)	(3,602,197)
At end of period	699,435	699,435

2024	Parent £	Total £
At start of period	2,288,679	2,288,679
Advanced	2,781,668	2,781,668
Repaid	(3,015,229)	(3,015,229)
At end of period	2,055,118	2,055,118

10	Parent and ultimate parent undertaking

The company's immediate parent is Hart Security Limited, incorporated in Cyprus.

 The ultimate parent is R. W. Chelsea Holdings Limited, incorporated in Cyprus.

 The most senior parent entity producing publicly available financial statements is R. W. Chelsea Holdings Limited. These financial statements are available upon request from Registrar of Companies - Cyprus, Corner Makarios Avenue and Karpenisiou, "Xenios" Building, 1427 Nicosia, Cyprus.

11	Events after the reporting period

The company has had no events since the balance sheet date which required disclosing or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements.

Hart Security UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2025
(continued)

12 Exceptional transactions
 

During the year, the Company recognised exceptional income of £254,267 arising from the write-off of an intercompany balance due from the Company to a related party. The related party is in the process of being struck off, resulting in the write off of the related liability.

As this transaction is non-recurring and outside the ordinary course of business, the directors have presented the resulting credit of £254,267 separately as an exceptional item within the profit and loss account. The income has been treated as non-taxable for corporation tax purposes.