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REGISTERED NUMBER: 02691279 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Helpfavour Limited

Helpfavour Limited (Registered number: 02691279)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Helpfavour Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr P Ballard
Mrs S R Ballard





SECRETARY: Mrs S R Ballard





REGISTERED OFFICE: 45/51, Wychtree Street
Morriston
Swansea
West Glamorgan
SA6 8EX





REGISTERED NUMBER: 02691279 (England and Wales)





ACCOUNTANTS: Cambrian & Co Ltd
Chartered Accountants
13a Victoria Gardens
Neath
West Glamorgan
SA11 3AY

Helpfavour Limited (Registered number: 02691279)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4 4
Investment property 5 14,190,727 12,731,051
14,190,731 12,731,055

CURRENT ASSETS
Debtors 6 16,278 39,882
Cash at bank 6,752 4,340
23,030 44,222
CREDITORS
Amounts falling due within one year 7 11,707,659 11,099,293
NET CURRENT LIABILITIES (11,684,629 ) (11,055,071 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,506,102

1,675,984

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,506,100 1,675,982
SHAREHOLDERS' FUNDS 2,506,102 1,675,984

Helpfavour Limited (Registered number: 02691279)

Balance Sheet - continued
31 October 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 9 July 2024 and were signed on its behalf by:





Mr P Ballard - Director


Helpfavour Limited (Registered number: 02691279)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Helpfavour 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.

Turnover
Turnover consists of freehold sales and all additional incomes derived from trading in freehold reversions. These include administration income in dealing with notices and consents, together with ground rents, notice fees and consent fees.

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 (2022 - 2 ) .

Helpfavour Limited (Registered number: 02691279)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 4
NET BOOK VALUE
At 31 October 2023 4
At 31 October 2022 4

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 12,731,051
Additions 1,713,493
Disposals (253,817 )
At 31 October 2023 14,190,727
NET BOOK VALUE
At 31 October 2023 14,190,727
At 31 October 2022 12,731,051

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 10,059 35,453
Accrued income 6,219 4,429
16,278 39,882

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 239,131 115,037
Other creditors 105 -
Amounts due to related company 11,280,862 10,821,453
Income received in advance - 162,425
Accrued expenses 187,561 378
11,707,659 11,099,293

Helpfavour Limited (Registered number: 02691279)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £11,280,862 (2022 £10,821,453) due from associated company under common control Tapestart Ltd. Tapestart Ltd acts as a clearing house for intercompany transactions between associated companies.

9. ULTIMATE CONTROLLING PARTY

The directors consider the ultimate controlling party to be the B Ballard Discretionary (No 2) Trust.