Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-01falseEnvironmental consulting activities22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11206420 2022-03-01 2023-02-28 11206420 2021-03-01 2022-02-28 11206420 2023-02-28 11206420 2022-02-28 11206420 c:Director2 2022-03-01 2023-02-28 11206420 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-28 11206420 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-02-28 11206420 d:CurrentFinancialInstruments 2023-02-28 11206420 d:CurrentFinancialInstruments 2022-02-28 11206420 d:Non-currentFinancialInstruments 2023-02-28 11206420 d:Non-currentFinancialInstruments 2022-02-28 11206420 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11206420 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11206420 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11206420 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 11206420 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 11206420 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-02-28 11206420 d:ShareCapital 2023-02-28 11206420 d:ShareCapital 2022-02-28 11206420 d:RetainedEarningsAccumulatedLosses 2023-02-28 11206420 d:RetainedEarningsAccumulatedLosses 2022-02-28 11206420 c:FRS102 2022-03-01 2023-02-28 11206420 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11206420 c:FullAccounts 2022-03-01 2023-02-28 11206420 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11206420 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2022-03-01 2023-02-28 11206420 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-03-01 2023-02-28 11206420 4 2023-02-28 11206420 4 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 11206420









HELIX HOLDCO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
HELIX HOLDCO LIMITED
REGISTERED NUMBER: 11206420

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
20,522
-

Investments
 5 
7,800
7,800

  
28,322
7,800

Current assets
  

Debtors: amounts falling due within one year
 6 
40,809
100

Cash at bank and in hand
 7 
3,986
657

  
44,795
757

Creditors: amounts falling due within one year
 8 
(50,946)
(2,261)

Net current liabilities
  
 
 
(6,151)
 
 
(1,504)

Total assets less current liabilities
  
22,171
6,296

Creditors: amounts falling due after more than one year
  
(37,590)
(48,797)

  

Net liabilities
  
(15,419)
(42,501)


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(15,619)
(42,701)

  
(15,419)
(42,501)

Page 1

 
HELIX HOLDCO LIMITED
REGISTERED NUMBER: 11206420
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Ring
Director

Date: 12 November 2023

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
HELIX HOLDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Helix Holdco Limited is a company limited by shares and incorporated in England & Wales
under the Companies Act 2006. The address of the registered office is given on the company information
page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HELIX HOLDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

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

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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 trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Page 4

 
HELIX HOLDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not
Page 5

 
HELIX HOLDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Website

£



Cost


Additions - internal
25,653



At 28 February 2023

25,653



Amortisation


Charge for the year on owned assets
5,131



At 28 February 2023

5,131



Net book value



At 28 February 2023
20,522



At 28 February 2022
-



Page 6

 
HELIX HOLDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Fixed asset investments





Investments

£





At 1 March 2022
7,800






Net book value



At 28 February 2023
7,800



At 28 February 2022
7,800


6.


Debtors

2023
2022
£
£


Trade debtors
36,000
-

Other debtors
4,809
100

40,809
100



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,986
657

3,986
657


Page 7

 
HELIX HOLDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,914
-

Trade creditors
9,931
-

Corporation tax
3,664
-

Other taxation and social security
24,737
-

Other creditors
4,800
2,021

Accruals and deferred income
1,900
240

50,946
2,261



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
37,590
48,797

37,590
48,797



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,914
-


5,914
-

Amounts falling due 1-2 years

Bank loans
37,590
48,797


37,590
48,797



43,504
48,797


 
Page 8