Orpheus Cyber Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10499131 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Orpheus Cyber Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R O Church

H Lopes

REGISTERED OFFICE:

New Broad Street House

35 New Broad Street

Liverpool St

London

EC2M 1NH

REGISTERED NUMBER:

10499131 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,698,604

1,597,933

Tangible assets

5

719

2,341

1,699,323

1,600,274

CURRENT ASSETS

Stocks

6

55,950

31,067

Debtors

7

772,349

734,106

Cash at bank

598,321

565,057

1,426,620

1,330,230

CREDITORS

Amounts falling due within one year

8

1,429,233

1,200,656

NET CURRENT (LIABILITIES)/ASSETS

(2,613

)

129,574

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,696,710

1,729,848

CREDITORS

Amounts falling due after more than one
year

9

-

84,583

NET ASSETS

1,696,710

1,645,265

CAPITAL AND RESERVES

Called up share capital

228

Share premium

1,700,302

Retained earnings

(3,820

)

(55,265

)

1,696,710

1,645,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 4 August 2026 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 20 (2025 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 April 2025

2,619,289

Additions

780,661

At 31 March 2026

3,399,950

AMORTISATION

At 1 April 2025

1,021,356

Amortisation for year

679,990

At 31 March 2026

1,701,346

NET BOOK VALUE

At 31 March 2026

1,698,604

At 31 March 2025

1,597,933

5.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

COST

At 1 April 2025

12,804

36,924

49,728

Additions

-

839

Disposals

(12,804

)

-

(12,804

)

At 31 March 2026

-

37,763

DEPRECIATION

At 1 April 2025

12,804

34,583

47,387

Charge for year

-

2,461

Eliminated on disposal

(12,804

)

-

(12,804

)

At 31 March 2026

-

37,044

NET BOOK VALUE

At 31 March 2026

-

719

At 31 March 2025

-

2,341

6.

STOCKS

2026

2025

£

Work-in-progress

55,950

31,067

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

364,010

85,800

Amounts owed by group undertakings

169,915

314,915

Other debtors

10,806

Directors' current accounts

-

346

Tax

195,555

298,070

Prepayments and accrued income

32,063

24,169

772,349

734,106

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

-

20,833

Trade creditors

49,420

67,367

Social security and other taxes

49,957

172,241

VAT

81,253

81,162

Other creditors

6,054

4,670

Accruals and deferred income

1,242,549

854,383

1,429,233

1,200,656

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Accruals and deferred income

-

84,583

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

R O Church

Balance outstanding at start of year

346

342

Amounts advanced

-

320,004

Amounts repaid

(346

)

(320,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

346