REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Helme Property Investment Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Helme Property Investment Ltd |
Helme Property Investment Ltd (Registered number: 12696929) |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Statement of Financial Position | 1 |
Notes to the Financial Statements | 3 |
Helme Property Investment Ltd (Registered number: 12696929) |
Statement of Financial Position |
30 June 2023 |
30.6.23 | 30.6.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
Helme Property Investment Ltd (Registered number: 12696929) |
Statement of Financial Position - continued |
30 June 2023 |
30.6.23 | 30.6.22 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Fair value reserve | 11 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
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 |
Helme Property Investment Ltd (Registered number: 12696929) |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
1. | STATUTORY INFORMATION |
Helme Property Investment Ltd is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the fair value of rent received or receivable from the investment property, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Computer equipment | - |
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 statement of financial position date. |
Helme Property Investment Ltd (Registered number: 12696929) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 |
4. | PROPERTY, PLANT AND EQUIPMENT |
Computer |
equipment |
£ |
COST |
At 1 July 2022 |
and 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for year |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
5. | INVESTMENT PROPERTY |
Investment property situated at 55 Powell Street, Abertillery, NP13 1EG is under a charge from Fleet Mortgages Limited. The charge was created on 02 December 2020. |
Helme Property Investment Ltd (Registered number: 12696929) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
5. | INVESTMENT PROPERTY - continued |
Fair value at 30 June 2023 is represented by: |
£ |
Valuation in 2021 | 14,087 |
Valuation in 2022 | 10,000 |
Valuation in 2023 | (9,224 | ) |
Cost | 105,137 |
120,000 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 30.6.22 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 30.6.22 |
£ | £ |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.23 | 30.6.22 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 46,007 | 47,632 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.6.23 | 30.6.22 |
£ | £ |
Bank loans |
The loan amounting to 46,007 is secured by the way of charge on the property situated at 55 Powell Street, Abertillery, NP13 1EG (disclosed as investment property). The charge was created in the name of Fleet Mortgages Limited on 2nd December 2020. |
Helme Property Investment Ltd (Registered number: 12696929) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.23 | 30.6.22 |
value: | £ | £ |
Ordinary | £1 | 3 | 3 |
11. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 July 2022 |
Transfer to/from reserves | (6,337 | ) |
At 30 June 2023 |
12. | RELATED PARTY DISCLOSURES |
The company owes £58,836 to its director, Mr David Robert Helme who is also a 33.33% shareholder of the company as at accounting year end date. |
The company owes £10,324 to its director, Mr Mark David Helme who is also a 33.33% shareholder of the company as at accounting year end date. |
The company owes £624 to its director, Miss Carla Chantelle Townsend who is also a 33.33% shareholder of the company as at accounting year end date. |
The company was owed £542 as at accounting year end date from Helme Property Ltd, a company registered in United Kingdom (Company registered number: 12761459). Mr Mark David Helme, Mr David Robert Helme and Miss Carla Chantelle Townsend are also directors and 76% shareholder of this company |