Company registration number 05788493 (England and Wales)
HORUS SECURITY CONSULTANCY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
HORUS SECURITY CONSULTANCY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
HORUS SECURITY CONSULTANCY LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
20,369
14,641
Current assets
Debtors
4
1,639,005
1,358,423
Cash at bank and in hand
336,953
288,768
1,975,958
1,647,191
Creditors: amounts falling due within one year
5
(403,521)
(365,856)
Net current assets
1,572,437
1,281,335
Total assets less current liabilities
1,592,806
1,295,976
Creditors: amounts falling due after more than one year
6
(94,638)
(25,334)
Provisions for liabilities
(5,092)
(3,659)
Net assets
1,493,076
1,266,983
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
1,493,075
1,266,982
Total equity
1,493,076
1,266,983
HORUS SECURITY CONSULTANCY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 23 March 2026
Mr J Whiteley
Director
Company registration number 05788493 (England and Wales)
HORUS SECURITY CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Horus Security Consultancy Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Gravita Oxford LLP, First Floor, Park Central, 40-41 Park End Street, Oxford, OX1 1JD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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.

1.3
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:

Short leasehold building
Over the term of the lease
Fixtures and fittings
25% reducing balance
Office equipment
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 profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HORUS SECURITY CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HORUS SECURITY CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.12

Factored debts

The company factors it's sales ledger without recourse. The total amount of factored debts is included in trade debtors, the balance on the factored accounts due to/from the company is included in other debtors and other payables respectively.

1.13

Research and development

Research and development expenditure is written off as incurred.

HORUS SECURITY CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
26
27
3
Tangible fixed assets
Short leasehold building
Fixtures and fittings
Office equipment
Total
£
£
£
£
Cost
At 1 September 2024
14,393
62,006
134,072
210,471
Additions
-
0
-
0
11,388
11,388
At 31 August 2025
14,393
62,006
145,460
221,859
Depreciation and impairment
At 1 September 2024
14,393
54,545
126,892
195,830
Depreciation charged in the year
-
0
1,866
3,794
5,660
At 31 August 2025
14,393
56,411
130,686
201,490
Carrying amount
At 31 August 2025
-
0
5,595
14,774
20,369
At 31 August 2024
-
0
7,461
7,180
14,641

Included within the net book value of land and buildings above is £nil (2020 - £nil) in respect of short leasehold land and buildings.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
542,650
586,126
Corporation tax recoverable
26,654
24,736
Amounts owed by group undertakings
477,300
398,731
Other debtors
592,401
348,830
1,639,005
1,358,423
HORUS SECURITY CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
49,052
38,000
Trade creditors
155,958
111,533
Taxation and social security
137,945
126,295
Other creditors
23,909
52,026
Accruals and deferred income
36,657
38,002
403,521
365,856

Loans of £25,334 (2024 - £63,334) in total are secured by a personal guarantee from J Whiteley.

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £25,334 (2024 - £38,000).

6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
94,638
25,334

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £nil (2024 - £25,334).

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
126,215
250,338
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

HORUS SECURITY CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
9
Related party transactions
(Continued)
- 8 -

During the year the company provided funds to Horus Security Consultancy (Asia Pacific) PTE Ltd of £56,660. At the balance sheet date, a loan remained outstanding from Horus Security Consultancy (Asia Pacific) PTE Ltd of £201,856 (2024- £145,196). The loan is interest-free and repayable on demand.

The company is related by virtue of the director having an interest in the company.

Other information

Summary of transactions with entities with joint control or significant interest

Horus Global Limited

Horus Global Limited is a connected company by virtue of common shareholders and director.

During the year, loan advances of £48,500 were made to Horus Global Limited and remained outstanding at the year end (2024 - £nil). The loan advance is interest free and repayable on demand.

At the yearend, trade debts amounting to £140,045 (2024 - £46,914) remained outstanding and are repayable on demand.

During the year, a seperate loan was also provided to Horus Global Limited of £133,125. The loan is repayable by instalments over a period of 60 months. The loan remaining as at 31 August 2025 was £121,068, of which £98,123 is repayable after more than one year.

Horus North America LLC

Horus North America LLC is a company incorporated in the United States of America and a fellow subsidiary undertaking, being wholly owned by The Horus Intelligence Company Limited.

During the year, loan advances to Horus North America LLC of £55,000 (2024 - £50,000) were provided for and released to profit and loss account.

At the year end a loan remained outstanding from Horus North America LLC of £400,776 (2024 - £324,608). The loan is free of interest and the balance is repayable on demand

10
Parent company

Summary of transactions with parent

The Horus Intelligence Group Limited

Horus Security Consultancy Limited is a subsidiary of The Horus Intelligence Group Limited, being the ultimate holding company. At the year end a loan remained outstanding from The Horus Intelligence Group Limited of £76,524 (2024 - £74,123). The loan is free of interest and repayable on demand.

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