REGISTERED NUMBER: 10499131 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Orpheus Cyber Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R O Church

H Lopes

REGISTERED OFFICE:

9 Appold Street

London

EC2A 2AP

REGISTERED NUMBER:

10499131 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,597,933

1,208,029

Tangible assets

5

2,341

6,686

1,600,274

1,214,715

CURRENT ASSETS

Stocks

6

31,067

214,922

Debtors

7

734,106

937,094

Cash at bank

565,057

502,962

1,330,230

1,654,978

CREDITORS

Amounts falling due within one year

8

1,200,656

1,128,120

NET CURRENT ASSETS

129,574

526,858

TOTAL ASSETS LESS CURRENT LIABILITIES

1,729,848

1,741,573

CREDITORS

Amounts falling due after more than one year

9

84,583

20,833

NET ASSETS

1,645,265

1,720,740

CAPITAL AND RESERVES

Called up share capital

228

228

Share premium

1,700,302

1,699,128

Retained earnings

(55,265

)

21,384

1,645,265

1,720,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 8 September 2025 and were signed on its behalf by:

H Lopes - Director

R O Church - Director

1.	STATUTORY INFORMATION

Orpheus Cyber 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.

Turnover

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

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to Property 20% Straight Line

Computer Equipment 33.33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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.

Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life of 5 years. The company has elected to claim the available tax credit in cash.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 April 2024

1,705,527

Additions

913,762

At 31 March 2025

2,619,289

AMORTISATION

At 1 April 2024

497,498

Amortisation for year

523,858

At 31 March 2025

1,021,356

NET BOOK VALUE

At 31 March 2025

1,597,933

At 31 March 2024

1,208,029

5.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

£

£

COST

At 1 April 2024

12,804

36,462

49,266

Additions

-

462

462

At 31 March 2025

12,804

36,924

49,728

DEPRECIATION

At 1 April 2024

12,804

29,776

42,580

Charge for year

-

4,807

4,807

At 31 March 2025

12,804

34,583

47,387

NET BOOK VALUE

At 31 March 2025

-

2,341

2,341

At 31 March 2024

-

6,686

6,686

6.

STOCKS

2025

2024

£

£

Work-in-progress

31,067

214,922

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

85,800

129,636

Amounts owed by group undertakings

314,915

434,918

Other debtors

10,806

33,586

Directors' current accounts

346

342

Tax

298,070

297,963

Called up share capital not paid

-

4

Prepayments and accrued income

24,169

40,645

734,106

937,094

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

20,833

62,500

Trade creditors

67,367

66,211

Social security and other taxes

172,241

100,005

VAT

81,162

91,111

Other creditors

4,670

5,711

Accruals and deferred income

854,383

802,582

1,200,656

1,128,120

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

20,833

Accruals and deferred income

84,583

-

84,583

20,833

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

76,500

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

R O Church

Balance outstanding at start of year

342

-

Amounts advanced

320,004

342

Amounts repaid

(320,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

346

342