LABOURS OF HERCULES LTD


Directors	BRITTON, Freya Alice
	BRITTON, Scott William


Registered Address	20 Broomborough Drive
	Totnes
	TQ9 5LT


Registered Number	11273134 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		-		245,863
Tangible assets	4		422		1,326
			422		247,189
Current assets
Debtors		133,213		8,933
Cash at bank and on hand		88		152,908
		133,301		161,841
Creditors amounts falling due within one year	5	-		(2,952)
Net current assets (liabilities)			133,301		158,889
Total assets less current liabilities			133,723		406,078
Net assets			133,723		406,078
Capital and reserves
Called up share capital			165		165
Share premium			2,070,304		2,070,304
Profit and loss account			(1,936,746)		(1,664,391)
Shareholders' funds			133,723		406,078

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2026, and are signed on its behalf by:

BRITTON, Scott William
Director
Registered Company No. 11273134

LABOURS OF HERCULES LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The financial statements have been prepared in accordance with FRS 102, applying Section 1A for small entities. They have not been prepared on a going concern basis because the company has ceased trading and the directors intend to wind up its affairs and apply for strike-off. The development asset is no longer intended for use and has been written down to nil. No proposed future release or distribution of the amount owed by the parent company has been recognised.

Basis of preparation

The financial statements have been prepared in accordance with FRS 102, applying Section 1A for small entities. They have not been prepared on a going concern basis because the company has ceased trading and the directors intend to wind up its affairs and apply for strike-off. The development asset is no longer intended for use and has been written down to nil. No proposed future release or distribution of the amount owed by the parent company has been recognised.

	Functional and presentation currency
	Functional and presentation currency: The Company's functional and presentational currency is GBP. Amounts are rounded to the nearest pound. Transactions and balances: Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Functional and presentation currency

Functional and presentation currency: The Company's functional and presentational currency is GBP. Amounts are rounded to the nearest pound. Transactions and balances: Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows: Development expenditure - 5 years

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Development expenditure - 5 years

	Tangible fixed assets and depreciation
	Tangible fixed assets are recorded at cost less accumulated depreciation and impairment. Depreciation is charged on a straight-line basis over the estimated useful lives shown below.


		Straight line (years)
	Plant and machinery	3
	Office Equipment	3

	Trade and other debtors
	Short-term debtors are measured at transaction price, less any impairment.

	Cash and cash equivalents
	Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

	Trade and other creditors
	Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	Average number of employees
	The comparative employee number has been corrected to exclude directors who were not employees.


		2025		2024
	Average number of employees during the year	0		0

3.	Intangible assets
	The company has ceased trading and the software is no longer intended for use. No further development is planned and no proceeds are expected from its sale or licensing. Amortisation of £218,250 and an impairment loss of £27,613 were recognised in 2025, reducing the carrying amount of development expenditure to nil at 31 December 2025.

	Other	Total
	£	£
Cost or valuation
At 01 January 25	1,325,359	1,325,359
At 31 December 25	1,325,359	1,325,359
Amortisation and impairment
At 01 January 25	1,079,496	1,079,496
Charge for year	245,863	245,863
At 31 December 25	1,325,359	1,325,359
Net book value
At 31 December 25	-	-
At 31 December 24	245,863	245,863

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 25	2,616	142	2,758
Additions	-	15	15
At 31 December 25	2,616	157	2,773
Depreciation and impairment
At 01 January 25	1,381	51	1,432
Charge for year	872	47	919
At 31 December 25	2,253	98	2,351
Net book value
At 31 December 25	363	59	422
At 31 December 24	1,235	91	1,326

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	2,813
Accrued liabilities and deferred income	-	139
Total	-	2,952

6.	Related party transactions
	The company is a wholly owned subsidiary of BCMM Ltd. At 31 December 2025, £131,645 (2024: £5,557) was owed by the parent company. No proposed future release or distribution of this receivable is recognised.

7.	Controlling party
	The ultimate controlling party of the company is BCMM Ltd, which owns 100% of the issued share capital of the company. BCMM Ltd is incorporated in the United Kingdom and its registered office is located at 20 Broomborough Drive, Totnes, England, TQ9 5LT.