REGISTERED NUMBER: 12197954 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

HERGO UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F J R Di Domenico

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

12197954 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Intangible assets

4

9,342,025

11,223,282

Tangible assets

5

-

3,920

Investments

6

102

103

9,342,127

11,227,305

CURRENT ASSETS

Debtors

7

15,177,538

8,880,917

Prepayments and accrued income

110,740

28,377

Cash at bank

1,021,308

862,636

16,309,586

9,771,930

CREDITORS

Amounts falling due within one year

8

(107,478

)

(711,805

)

NET CURRENT ASSETS

16,202,108

9,060,125

TOTAL ASSETS LESS CURRENT LIABILITIES

25,544,235

20,287,430

CREDITORS

Amounts falling due after more than one year

9

(31,474,120

)

(22,778,286

)

NET LIABILITIES

(5,929,885

)

(2,490,856

)

CAPITAL AND RESERVES

Called up share capital

10

3

3

Retained earnings

(5,929,888

)

(2,490,859

)

SHAREHOLDERS' FUNDS

(5,929,885

)

(2,490,856

)

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 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.

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 director and authorised for issue on 27 October 2025 and were signed by:

F J R Di Domenico - Director

1.	STATUTORY INFORMATION

Hergo UK Ltd 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.

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.

No amortisation of the development costs will be recognised whilst there is no income related to these costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Developmen

costs

£

COST

At 1 January 2024

11,223,282

Impairments

(1,881,257

)

At 31 December 2024

9,342,025

NET BOOK VALUE

At 31 December 2024

9,342,025

At 31 December 2023

11,223,282

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

13,311

DEPRECIATION

At 1 January 2024

9,391

Charge for year

3,920

At 31 December 2024

13,311

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

3,920

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

103

Disposals

(1

)

At 31 December 2024

102

NET BOOK VALUE

At 31 December 2024

102

At 31 December 2023

103

7.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Other debtors

3

3

Rent deposit

-

412

Abacus Chile Borrower

3,137,100

-

VAT

10,112

8,406

3,147,215

8,821

Amounts falling due after more than one year:

Intercompany loans

12,030,323

8,872,096

Aggregate amounts

15,177,538

8,880,917

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

89,719

679,733

Social security and other taxes

10,100

12,765

Other creditors

516

773

Accruals and deferred income

7,143

18,534

107,478

711,805

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Investor loan

31,474,120

22,778,286

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

250

Ordinary

0.1

3

3