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REGISTERED NUMBER: 10863256 (England and Wales)















Unaudited Financial Statements

For The Year Ended 30 September 2022

for

Hermis Sports & Entertainment Limited

Hermis Sports & Entertainment Limited (Registered number: 10863256)






Contents of the Financial Statements
For The Year Ended 30 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hermis Sports & Entertainment Limited

Company Information
For The Year Ended 30 September 2022







DIRECTORS: Mr H R Bhanu
Mr S Patel





REGISTERED OFFICE: 276 Preston Road
Harrow
Middlesex
HA3 0QA





REGISTERED NUMBER: 10863256 (England and Wales)





ACCOUNTANTS: RNS Business Solutions Limited
Chartered Accountants
276 Preston Road
Harrow
Middlesex
HA3 0QA

Hermis Sports & Entertainment Limited (Registered number: 10863256)

Balance Sheet
30 September 2022

30/9/22 30/9/21
Notes £    £   
CURRENT ASSETS
Debtors 4 13,115 72,990
Cash at bank 25,500 38,288
38,615 111,278
CREDITORS
Amounts falling due within one year 5 (29,293 ) (96,767 )
NET CURRENT ASSETS 9,322 14,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,322

14,511

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 9,222 14,411
9,322 14,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hermis Sports & Entertainment Limited (Registered number: 10863256)

Balance Sheet - continued
30 September 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:




Mr H R Bhanu - Director



Mr S Patel - Director


Hermis Sports & Entertainment Limited (Registered number: 10863256)

Notes to the Financial Statements
For The Year Ended 30 September 2022

1. STATUTORY INFORMATION

Hermis Sports & Entertainment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents revenue earned from the sale of event management services. Revenue earned from event management services is recognised as the services are provided.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Hermis Sports & Entertainment Limited (Registered number: 10863256)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2022

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/22 30/9/21
£    £   
Trade debtors - 72,990
Amounts owed by group undertakings 13,115 -
13,115 72,990

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/22 30/9/21
£    £   
Trade creditors 27,062 12
Amounts owed to group undertakings - 94,755
Other creditors 2,231 2,000
29,293 96,767