REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 4 January 2019 to 31 December 2019 |
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for |
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MHS Corporate Services Ltd |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 4 January 2019 to 31 December 2019 |
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for |
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MHS Corporate Services Ltd |
MHS Corporate Services Ltd (Registered number: 11749142) |
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Contents of the Financial Statements |
for the Period 4 January 2019 to 31 December 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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MHS Corporate Services Ltd |
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Company Information |
for the Period 4 January 2019 to 31 December 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Roland House |
Princes Dock Street |
Hull |
HU1 2LD |
MHS Corporate Services Ltd (Registered number: 11749142) |
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Balance Sheet |
31 December 2019 |
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Notes | € | € |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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MHS Corporate Services Ltd (Registered number: 11749142) |
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Notes to the Financial Statements |
for the Period 4 January 2019 to 31 December 2019 |
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1. | STATUTORY INFORMATION |
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MHS Corporate Services Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Due to the ongoing Coronavirus pandemic there is a material uncertainty in relation to going concern, the financial statements have been prepared on the basis that that uncertainty will be resolved without undue financial harm being done to the business. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Presentational currency |
The financial statements are presented in Euros. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
€ |
COST |
Additions |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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MHS Corporate Services Ltd (Registered number: 11749142) |
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Notes to the Financial Statements - continued |
for the Period 4 January 2019 to 31 December 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
€ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
€ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | € |
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Ordinary | €100 | 10,000 |
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100 Ordinary shares of €100 each were allotted and fully paid for
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8. | RESERVES |
Retained |
earnings |
€ |
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Deficit for the period | ( |
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At 31 December 2019 | ( |
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MHS Corporate Services Ltd (Registered number: 11749142) |
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Notes to the Financial Statements - continued |
for the Period 4 January 2019 to 31 December 2019 |
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9. | RELATED PARTY DISCLOSURES |
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The following Companies are all owned and under the same common control as MHS Corporate Services Ltd: |
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Bavaria Mobility SRL |
MHS Truck & Bus SRL |
Automobile Bavaria SRL |
Schmidt Premium Cars GMBH |
MHS Motors SRL |
MHS Truck Service SRL |
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During the year MHS Corporate Services Ltd made sales to their related companies as follows: |
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MHS Truck & Bus SRL - €143,071 |
Automobile Bavaria SRL - €135,610 |
Schmidt Premium Cars GMBH - €20,019 |
MHS Motors SRL - €14,473 |
MHS Truck Service SRL - €2,905 |
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Also during the year MHS Corporate Services Ltd was charged €25,017 by Bavaria Mobility SRL for goods and services. |
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At the period end the following amounts were due to/form their related parties: |
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€45,549 owed from MHS Truck & Bus SRL |
€27,342 owed from Automobile Bavaria SRL |
€23,680 owed from Schmidt Premium Cars GMBH |
€26,301 owed to Bavaria Mobility SRL |
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10. | IMMEDIATE PARENT COMPANY |
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The Company is controlled by MHS Holding GMBH, a company incorporated in Austria. |
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ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Mr Michael Schmidt. |