Hart Security Maritime Services Limited

(Registration number: 04333718)
Balance Sheet as at 31 December 2025

	Note	2025 $	2024 $
Current assets
Debtors	4	256,830	256,828
Creditors: Amounts falling due within one year	5	(2,965,824)	(4,625,266)
Net liabilities		(2,708,994)	(4,368,438)
Capital and reserves
Called up share capital	6	2	2
Retained earnings		(2,708,996)	(4,368,440)
Shareholders' deficit		(2,708,994)	(4,368,438)

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 Maritime Services Limited

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

1	General information

Hart Security Maritime Services 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.

The financial statements are prepared in US Dollars, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest US Dollar.

Hart Security Maritime Services Limited

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

2	Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis.

The company had net liabilities at the year-end amounting to $2,708,994 (2024: $4,368,438) and is dependent on the continuing financial support of its ultimate parent company. The directors of the ultimate parent company, R.W. Chelsea Holdings Limited, a company registered in Cyprus, have confirmed that, for a period of at least twelve months following the date of approval of these financial statements, they will continue to provide adequate financial support to Hart Security Maritime Services Limited in order for the company to meet its liabilities as they fall due. The net liabilities are owed to companies within the group and it is therefore in the best interests of R.W. Chelsea Holdings Limited to provide support. The director of the company is of the opinion that this support will be given as stated above and based on the cash available in the group, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future with the reasonable expectation that the Group will continue to provide support as required and that no material uncertainty that may cast significant doubt about the ability of the company to continue as a going concern has been identified by the director. Thus, the company continues to adopt the going concern basis in preparing the financial statements.

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.

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

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.

Hart Security Maritime Services Limited

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

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Debtors

	Note	2025 $	2024 $
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7	256,763	256,765
Prepayments		67	63
		256,830	256,828

5

Creditors

Creditors: amounts falling due within one year

	Note	2025 $	2024 $
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	2,960,969	4,620,412
Accruals and deferred income		4,855	4,854
		2,965,824	4,625,266

Hart Security Maritime Services Limited

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

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	$	No.	$
Ordinary shares of $2 each	1	2	1	2

7	Related party transactions

Loans to related parties

2025	Parent $	Total $
At start of period	256,765	256,765
Repaid	(2)	(2)
At end of period	256,763	256,763

2024	Parent $	Total $
At start of period	256,826	256,826
Repaid	(61)	(61)
At end of period	256,765	256,765

Terms of loans to related parties

The loans are interest free, unsecured and have no fixed repayment terms.
 

Hart Security Maritime Services Limited

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

7	Related party transactions (continued)

Loans from related parties

2025	Parent $	Total $
At start of period	1,173,398	1,173,398
At end of period	1,173,398	1,173,398

2024	Parent $	Total $
At start of period	1,173,398	1,173,398
At end of period	1,173,398	1,173,398

Terms of loans from related parties

The loans are interest free, unsecured and have no fixed repayment terms.
 

8	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 The Registrar of Companies - Cyprus, Corner Makarios Avenue and Karpenisiou, "Xenios" Building, 1427 Nicosia, Cyprus.

9	Non adjusting events after the financial 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 in the financial statements.

Hart Security Maritime Services Limited

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

10	Exceptional transactions

During the year, the Company recognised exceptional income of $1,665,133 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 $1,665,133 separately as an exceptional item within the profit and loss account. The income has been treated as non-taxable for corporation tax purposes.