Helenslea Limited 06186610 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is non trading, rental income from investment property. Digita Accounts Production Advanced 6.30.9574.0 true 06186610 2023-01-01 2023-12-31 06186610 2023-12-31 06186610 bus:OrdinaryShareClass1 2023-12-31 06186610 core:CurrentFinancialInstruments 2023-12-31 06186610 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06186610 bus:SmallEntities 2023-01-01 2023-12-31 06186610 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06186610 bus:FilletedAccounts 2023-01-01 2023-12-31 06186610 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06186610 bus:RegisteredOffice 2023-01-01 2023-12-31 06186610 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 06186610 bus:Director4 2023-01-01 2023-12-31 06186610 bus:Director6 2023-01-01 2023-12-31 06186610 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06186610 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06186610 countries:EnglandWales 2023-01-01 2023-12-31 06186610 2022-12-31 06186610 2022-01-01 2022-12-31 06186610 2022-12-31 06186610 bus:OrdinaryShareClass1 2022-12-31 06186610 core:CurrentFinancialInstruments 2022-12-31 06186610 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06186610

Helenslea Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Helenslea Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Helenslea Limited

Company Information

Directors

Mr M C Aljoe

Mr J M Aljoe

Mrs S Aljoe

Company secretary

Mr M C Aljoe

Registered office

2nd Floor
32 Old Compton Street
London
W1D 4TP

Registered number

06186610

Accountants

Ripe LLP
Chartered accountants
9A Burroughs Gardens
London
NW4 4AU

 

Helenslea Limited

(Registration number: 06186610)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

460,000

460,000

Current assets

 

Debtors

5

66,574

61,174

Cash at bank and in hand

 

65,163

69,922

 

131,737

131,096

Creditors: Amounts falling due within one year

6

(551,887)

(555,483)

Net current liabilities

 

(420,150)

(424,387)

Total assets less current liabilities

 

39,850

35,613

Provisions for liabilities

(214)

(214)

Net assets

 

39,636

35,399

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

39,536

35,299

Shareholders' funds

 

39,636

35,399

 

Helenslea Limited

(Registration number: 06186610)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2024 and signed on its behalf by:
 

.........................................
Mr M C Aljoe
Company secretary and director

   
     
 

Helenslea Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor
32 Old Compton Street
London
W1D 4TP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Helenslea Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Investment property

Investment property is carried at fair value,derived from the current market prices for comparable real estate determined annually by the director. The directors use observable market prices, adjusted if necessary for the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 1).

4

Investment properties

2023
£

At 1 January

460,000

At 31 December

460,000

 

Helenslea Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

The investment property was subject to valuation by director, Mr M C Aljoe, who deemed £460,000 to be an accurate fair value of the property at the year end based on the market value of the surrounding properties.

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

9

66,374

60,974

Other debtors

 

200

200

   

66,574

61,174

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Amounts owed to group undertakings

9

546,908

550,767

Taxation and social security

 

2,227

2,085

Accruals and deferred income

 

2,752

2,631

 

551,887

555,483

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Dividends

2023
 £

2022
 £

Ordinary shares of £1 each
Final

4,000

8,000

 

Helenslea Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Related party transactions

Mr M Aljoe is a director and shareholder of the following related companies.

At the balance sheet date,

a) Compton Communications Limited owed £39,033 (2022: £33,633) to the company.

b) Abbey Leisure Group Limited owed £27,341 (2022: £27,341) to the company.

c) The company owed £2,662 (2022: £2,521), to Abbey Box Office Limited.

d) The company owed £236,458 (2022: £236,458), to DAM Management Limited.

e) The company owed £303,370 (2022: £303,370) to Abbey International Events Limited.

f) The company owed £4,418 (2022: £8,418) to the director Mr M C Aljoe.