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Company registration number:
06091416
Helmshore Properties Limited
Unaudited financial statements
28 February 2023
Helmshore Properties Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Helmshore Properties Limited
Directors and other information
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Directors |
Mando Miniero |
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Sarah Miniero |
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Secretary |
Mando Miniero |
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Company number |
06091416 |
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Registered office |
22 Sunnybank Road |
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Helmshore |
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Rossendale |
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BB4 4PF |
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Business address |
22 Sunnybank Road |
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Helmshore |
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Rossendale |
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BB4 4PF |
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Accountants |
Leach Briely |
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Craven House |
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32 Lee Lane |
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Horwich |
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Bolton |
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BL6 7BY |
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Bankers |
National Westminster Bank Plc |
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11 Spring Gardens |
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Manchester |
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M60 2DB |
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Helmshore Properties Limited
Accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Helmshore Properties Limited
Year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Helmshore Properties Limited for the year ended 28 February 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com.
This report is made solely to the board of directors of Helmshore Properties Limited, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Helmshore Properties Limited and state those matters that we have agreed to state to the board of directors of Helmshore Properties Limited, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Helmshore Properties Limited and its board of directors for our work or for this report.
It is your duty to ensure that Helmshore Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Helmshore Properties Limited. You consider that Helmshore Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Helmshore Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Leach Briely
Accountants
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY
29 November 2023
Helmshore Properties Limited
Statement of financial position
28 February 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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7 |
268,000 |
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413,000 |
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_______ |
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_______ |
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268,000 |
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413,000 |
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Current assets |
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Debtors |
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8 |
- |
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499 |
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Cash at bank and in hand |
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1,494 |
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2,634 |
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_______ |
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_______ |
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1,494 |
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3,133 |
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Creditors: amounts falling due |
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within one year |
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9 |
(
153,209) |
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(
8,046) |
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_______ |
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_______ |
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Net current liabilities |
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(
151,715) |
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(
4,913) |
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_______ |
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_______ |
Total assets less current liabilities |
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116,285 |
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408,087 |
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Creditors: amounts falling due |
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after more than one year |
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10 |
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(
43,851) |
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(
296,576) |
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_______ |
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_______ |
Net assets |
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72,434 |
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111,511 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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11 |
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100 |
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100 |
Non distributable reserve |
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41,142 |
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68,946 |
Profit and loss account |
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31,192 |
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42,465 |
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_______ |
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_______ |
Shareholders funds |
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72,434 |
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111,511 |
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_______ |
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_______ |
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For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 November 2023
, and are signed on behalf of the board by:
Sarah Miniero
Director
Company registration number:
06091416
Helmshore Properties Limited
Notes to the financial statements
Year ended 28 February 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Sunnybank Road, Helmshore, Rossendale, BB4 4PF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis as modified by the revaluation of the company's investment properties. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of rental income receiveable by the company during the year.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income. Current tax is recognised on taxable profit for the current period. Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Interest payable and similar expenses
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2023 |
2022 |
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£ |
£ |
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Other interest payable and similar expenses |
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12,000 |
7,000 |
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_______ |
_______ |
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6.
Tax on loss/profit
Major components of tax expense
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2023 |
2022 |
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£ |
£ |
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Current tax: |
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UK current tax expense |
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- |
546 |
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_______ |
_______ |
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Tax on loss/profit |
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- |
546 |
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_______ |
_______ |
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7.
Investments
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Investment properties |
Total |
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£ |
£ |
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Revaluation |
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At 1 March 2022 |
413,000 |
413,000 |
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Disposals |
(
145,000) |
(
145,000) |
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_______ |
_______ |
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At 28 February 2023 |
268,000 |
268,000 |
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_______ |
_______ |
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Impairment |
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At 1 March 2022 and 28 February 2023 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 28 February 2023 |
268,000 |
268,000 |
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|
|
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_______ |
_______ |
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At 28 February 2022 |
413,000 |
413,000 |
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_______ |
_______ |
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8.
Debtors
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|
|
2023 |
2022 |
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|
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£ |
£ |
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Trade debtors |
|
- |
499 |
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|
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_______ |
_______ |
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9.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
|
174 |
162 |
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Corporation tax |
|
- |
546 |
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Other creditors |
|
153,035 |
7,338 |
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_______ |
_______ |
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153,209 |
8,046 |
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_______ |
_______ |
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10.
Creditors: amounts falling due after more than one year
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2023 |
2022 |
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£ |
£ |
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Other creditors |
|
43,851 |
296,576 |
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_______ |
_______ |
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11.
Called up share capital
Issued, called up and fully paid
|
|
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2023 |
|
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2022 |
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No |
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£ |
|
No |
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£ |
|
Ordinary shares of £
1.00 each |
|
100 |
|
100 |
|
100 |
|
100 |
|
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|
_______ |
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_______ |
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_______ |
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_______ |
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