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REGISTERED NUMBER: 00891503 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

HELIUS ENTERPRISES LIMITED

HELIUS ENTERPRISES LIMITED (REGISTERED NUMBER: 00891503)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HELIUS ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mrs M Rowlands
Ms R C Rowlands





REGISTERED OFFICE: 1 Victoria Parade
Sandycombe Road
Richmond
Surrey
TW9 3NB





REGISTERED NUMBER: 00891503 (England and Wales)





ACCOUNTANTS: Smith Pearman
Chartered Accountants
Hurst House
High Street
Ripley
Surrey
GU23 6AY

HELIUS ENTERPRISES LIMITED (REGISTERED NUMBER: 00891503)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 953,166 922,458

CURRENT ASSETS
Debtors 5 26,378 8,076
Cash at bank 135,159 125,328
161,537 133,404
CREDITORS
Amounts falling due within one year 6 69,694 64,793
NET CURRENT ASSETS 91,843 68,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,045,009

991,069

PROVISIONS FOR LIABILITIES 142,326 136,492
NET ASSETS 902,683 854,577

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 730,840 705,966
Retained earnings 171,743 148,511
SHAREHOLDERS' FUNDS 902,683 854,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 12 September 2022 and were signed on its behalf by:





Ms R C Rowlands - Director


HELIUS ENTERPRISES LIMITED (REGISTERED NUMBER: 00891503)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Helius Enterprises 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 922,458
Net gains or losses from fair
value adjustments 30,708
At 31 December 2021 953,166
NET BOOK VALUE
At 31 December 2021 953,166
At 31 December 2020 922,458

HELIUS ENTERPRISES LIMITED (REGISTERED NUMBER: 00891503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. INVESTMENT PROPERTY - continued

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2014 746,600
Valuation in 2015 61,060
Valuation in 2016 8,877
Valuation in 2017 13,770
Valuation in 2019 16,645
Valuation in 2020 (4,494 )
Valuation in 2021 30,708
Cost 80,000
953,166

If investment property had not been revalued it would have been included at the following historical cost:

2021 2020
£    £   
Cost 80,000 80,000

Investment property was valued on an open market basis on 31 December 2021 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 26,049 5,342
Other debtors 329 2,734
26,378 8,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed to group undertakings 43,500 43,500
Taxation and social security 5,448 667
Other creditors 20,746 20,626
69,694 64,793

7. RESERVES
Fair
value
reserve
£   
At 1 January 2021 705,966
Movement in year 24,874

At 31 December 2021 730,840