Hermetica Ltd - Accounts to registrar (filleted) - small 18.2

Hermetica Ltd - Accounts to registrar (filleted) - small 18.2

HERMETICA LTD - Company Information

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REGISTERED NUMBER: 00807999 (England and Wales)











HERMETICA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020





AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG








HERMETICA LTD (REGISTERED NUMBER: 00807999)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HERMETICA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTOR: R K Burr





SECRETARY:





REGISTERED OFFICE: 201 Haverstock Hill
London
NW3 4QG





REGISTERED NUMBER: 00807999 (England and Wales)





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG
Page 1
HERMETICA LTD (REGISTERED NUMBER: 00807999)

BALANCE SHEET
31 DECEMBER 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 4 127,065 18,596
Investments 5 894,368 1,691,566
Cash at bank 1,106,818 20,105
2,128,251 1,730,267
CREDITORS
Amounts falling due within one year 6 65,628 23,109
NET CURRENT ASSETS 2,062,623 1,707,158
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,062,623
1,707,158

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 2,012,623 1,657,158
SHAREHOLDERS' FUNDS 2,062,623 1,707,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 19 January 2021 and were signed by:





R K Burr - Director


The notes form part of these financial statements

Page 2
HERMETICA LTD (REGISTERED NUMBER: 00807999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1. STATUTORY INFORMATION

Hermetica 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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 127,065 18,596

5. CURRENT ASSET INVESTMENTS
2020 2019
£    £   
Investments 894,368 1,691,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 51,526 7,660
Other creditors 14,102 15,449
65,628 23,109

Page 3