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REGISTERED NUMBER: 09952294 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Herminius Holdings Limited

Herminius Holdings Limited (Registered number: 09952294)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Herminius Holdings Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N J L Busvine
J W Gressier
G P Thomas
P Wilson
D E M Armstrong
J Cavendish





SECRETARY: Ms Z L Skinmore





REGISTERED OFFICE: 10 Hill Street
London
W1J 5NQ





REGISTERED NUMBER: 09952294 (England and Wales)






Herminius Holdings Limited (Registered number: 09952294)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,971 27,504
Tangible assets 5 8,100 13,408
Investments 6 15,495 15,495
46,566 56,407

CURRENT ASSETS
Debtors 7 1,664,236 1,337,753
Cash at bank 332,359 -
1,996,595 1,337,753
CREDITORS
Amounts falling due within one year 8 1,103,634 896,783
NET CURRENT ASSETS 892,961 440,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

939,527

497,377

CREDITORS
Amounts falling due after more than
one year

9

-

162,062
NET ASSETS 939,527 335,315

Herminius Holdings Limited (Registered number: 09952294)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 507,117 507,117
Retained earnings 432,310 (171,902 )
SHAREHOLDERS' FUNDS 939,527 335,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





J W Gressier - Director


Herminius Holdings Limited (Registered number: 09952294)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Herminius Holdings 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.

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.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/valued added tax, 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Domain name are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


Herminius Holdings Limited (Registered number: 09952294)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currency transactions and balances
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme.

Employee normal contributions are accounted for when deducted from pay, with the exception of
contributions deducted from auto-enrolled members during the opt out period which are accounted
for on the earlier of receipt or the expiry of the opt out period. Employer normal contributions which
are expressed as a rate of salary are accounted for on the same basis as employees’
contributions, otherwise they are accounted for in the period they are due under the Schedule
of Contributions.

Herminius Holdings Limited (Registered number: 09952294)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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

Trade debtors are recognised 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 debtors.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classed as current liabilities if the company does not have an unconditional right, at the end of the reporting period, 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 effective interest method.

Dividends
Dividend distributions to the company's shareholders are recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 45,321
AMORTISATION
At 1 January 2024 17,817
Charge for year 4,533
At 31 December 2024 22,350
NET BOOK VALUE
At 31 December 2024 22,971
At 31 December 2023 27,504

Herminius Holdings Limited (Registered number: 09952294)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 46,076
Additions 3,092
At 31 December 2024 49,168
DEPRECIATION
At 1 January 2024 32,668
Charge for year 8,400
At 31 December 2024 41,068
NET BOOK VALUE
At 31 December 2024 8,100
At 31 December 2023 13,408

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2024
and 31 December 2024 15,495
NET BOOK VALUE
At 31 December 2024 15,495
At 31 December 2023 15,495

Herminius Holdings Limited (Registered number: 09952294)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Herminius GmbH
Registered office: 30 quai Gustave-Ador, 1207 Geneva
Nature of business: management consultancy
%
Class of shares: holding
Ordinary 100.00
31.12.24 31.12.23
£    £   
Aggregate capital and reserves 553,334 244,156
Profit for the year 296,756 57,562

7. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 388,804 333,888
Other debtors 1,076,651 1,003,865
1,465,455 1,337,753

Amounts falling due after more than one year:
Other debtors 198,781 -

Aggregate amounts 1,664,236 1,337,753

During the year Herminius Holdings Limited loaned Herminius DMCC £198,781 as an interest free loan for working capital of the Dubai entity. Peter Wilson, director, was the sole shareholder of Herminius DMCC, holding shares on behalf of Herminius Holdings Limited until the transfer of these shares from Peter Wilson to Herminius Holdings on 5th February 2025.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts - 88,570
Trade creditors 206,643 88,812
Amounts owed to group undertakings 92,600 139,165
Taxation and social security 288,267 91,202
Other creditors 516,124 489,034
1,103,634 896,783

Herminius Holdings Limited (Registered number: 09952294)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 162,062

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
P Wilson
Balance outstanding at start of year 8,998 12,695
Amounts repaid - 3,697
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,998 8,998

J Cavendish
Balance outstanding at start of year 15,000 6,248
Amounts repaid - (8,742 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,000 15,000

G P Thomas
Balance outstanding at start of year 9,885 10,322
Amounts repaid - 437
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,885 9,885

D E M Armstrong
Balance outstanding at start of year - -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,750 -

As at 31 December 2024 an amount of £213,261 (2022: £222,725) is due to Jack Gressier, director from Herminius Holdings Limited. Interest is charged at 5.75% and amounted to £11,602 in the financial year.

Herminius Holdings Limited (Registered number: 09952294)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is D E M Armstrong.