HERMES SYSTEMS LTD.

Company Registration Number:
05582319 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2025

Period of accounts

Start date: 1 July 2024

End date: 30 June 2025

HERMES SYSTEMS LTD.

Contents of the Financial Statements

for the Period Ended 30 June 2025

Balance sheet
Additional notes
Balance sheet notes

HERMES SYSTEMS LTD.

Balance sheet

As at 30 June 2025

Notes 2025 2024


£
£
Fixed assets
Investments: 3 1 1
Total fixed assets: 1 1
Current assets
Debtors: 4 1,886 570,801
Cash at bank and in hand: 761,923 117,836
Total current assets: 763,809 688,637
Creditors: amounts falling due within one year: 5 ( 2,204 ) ( 90,522 )
Net current assets (liabilities): 761,605 598,115
Total assets less current liabilities: 761,606 598,116
Total net assets (liabilities): 761,606 598,116
Capital and reserves
Called up share capital: 80 80
Profit and loss account: 761,526 598,036
Total Shareholders' funds: 761,606 598,116

The notes form part of these financial statements

HERMES SYSTEMS LTD.

Balance sheet statements

For the year ending 30 June 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 13 October 2025
and signed on behalf of the board by:

Name: Mr R F Teagle
Status: Director

The notes form part of these financial statements

HERMES SYSTEMS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HERMES SYSTEMS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 4

HERMES SYSTEMS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2025

3. Fixed assets investments note

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit and loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

HERMES SYSTEMS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2025

4. Debtors

2025 2024
£ £
Trade debtors 1,885 570,801
Other debtors 1
Total 1,886 570,801

HERMES SYSTEMS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 60 60
Trade creditors 172 23,355
Taxation and social security 17,308
Accruals and deferred income 700 1,000
Other creditors 1,272 48,799
Total 2,204 90,522

Included in 'Other debtors' are amounts owed to group undertakings and undertakings in which the company has a participating interest : 2024 - £46,944; 2025 - £1,272.

HERMES SYSTEMS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2025

6. Off balance sheet arrangements

Related party transactions : Eagle Europe Ltd (a company also controlled by Mr R F Teagle, Mr R M Freeman and Mrs K L Teagle). During the year, the company sold services for £77,850 (2024 : £165,822) and paid for services for £1,361 (2024 : £8,166) with Eagle Europe Ltd. The amount outstanding and included in debtors at the year end is £0 (2024 : £266,518) and creditors £172 (2024 : £0). Wavetree Ltd (a company also controlled by Mr R F Teagle, Mr R M Freeman and Mrs K L Teagle). During the year, the company sold services for £31,460 (2024 : £75,228) and paid for services for £2,100 (2024 : £26,463) with Wavetree Ltd. The amount outstanding and included in creditors at the year end is £1,271 (2024 : £0). Cedar Bay Evolve Ltd (a company also controlled by Mr R F Teagle, Mr R M Freeman and Mrs K L Teagle). During the year, the company sold services for £16,969 (2024 : £75,293) and paid for services for £13,069 (2024 : £14,656) with Cedar Bay Evolve Ltd. The amount outstanding and included in debtors at the year end is £1,309 (2024 : £294,497).