Silverfin false false 30/11/2023 01/12/2022 30/11/2023 Mrs L E Hillier 02/11/2021 Mr A B Hillier 02/11/2021 29 August 2024 The principal activity of the company during the financial year was that of rental property. 13717280 2023-11-30 13717280 bus:Director1 2023-11-30 13717280 bus:Director2 2023-11-30 13717280 2022-11-30 13717280 core:CurrentFinancialInstruments 2023-11-30 13717280 core:CurrentFinancialInstruments 2022-11-30 13717280 core:ShareCapital 2023-11-30 13717280 core:ShareCapital 2022-11-30 13717280 core:FurtherSpecificReserve1ComponentTotalEquity 2023-11-30 13717280 core:FurtherSpecificReserve1ComponentTotalEquity 2022-11-30 13717280 core:RetainedEarningsAccumulatedLosses 2023-11-30 13717280 core:RetainedEarningsAccumulatedLosses 2022-11-30 13717280 2022-12-01 2023-11-30 13717280 bus:FilletedAccounts 2022-12-01 2023-11-30 13717280 bus:SmallEntities 2022-12-01 2023-11-30 13717280 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13717280 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13717280 bus:Director1 2022-12-01 2023-11-30 13717280 bus:Director2 2022-12-01 2023-11-30 13717280 2021-11-02 2022-11-30 iso4217:GBP xbrli:pure

Company No: 13717280 (England and Wales)

HELMURDINE HOMES LTD

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

HELMURDINE HOMES LTD

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

HELMURDINE HOMES LTD

BALANCE SHEET

As at 30 November 2023
HELMURDINE HOMES LTD

BALANCE SHEET (continued)

As at 30 November 2023
Note 30.11.2023 30.11.2022
£ £
Fixed assets
Investment property 3 550,000 396,760
550,000 396,760
Current assets
Debtors 4 825 825
Cash at bank and in hand 24,696 2,813
25,521 3,638
Creditors: amounts falling due within one year 5 ( 413,379) ( 398,554)
Net current liabilities (387,858) (394,916)
Total assets less current liabilities 162,142 1,844
Provision for liabilities ( 38,310) 0
Net assets 123,832 1,844
Capital and reserves
Called-up share capital 100 100
Fair value reserve 114,930 0
Profit and loss account 8,802 1,744
Total shareholders' funds 123,832 1,844

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Helmurdine Homes Ltd (registered number: 13717280) were approved and authorised for issue by the Board of Directors on 29 August 2024. They were signed on its behalf by:

Mr A B Hillier
Director
HELMURDINE HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
HELMURDINE HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Helmurdine Homes Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House East Wing Ground, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the rental of property provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

2. Employees

Year ended
30.11.2023
Period from
02.11.2021 to
30.11.2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

The company is run and administered by the directors of the company for whom no formal contracts of service are in place.

3. Investment property

Investment property
£
Valuation
As at 01 December 2022 396,760
Fair value movement 153,240
As at 30 November 2023 550,000

Valuation

The investment properties class of fixed asset were adjusted on 30 November 2023 to fair value by the directors who are internal to the company. The basis of this valuation was open market value.

There has been no valuation of investment property by an independent valuer.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

30.11.2023 30.11.2022
£ £
Historic cost 396,760 396,760

4. Debtors

30.11.2023 30.11.2022
£ £
Other debtors 825 825

5. Creditors: amounts falling due within one year

30.11.2023 30.11.2022
£ £
Taxation and social security 2,065 409
Other creditors 411,314 398,145
413,379 398,554

6. Related party transactions

Transactions with the entity's directors

During the year one of the Directors maintained an interest-free loan account, which is repayable on demand. At the balance sheet date, the amount due to the Directors was £403,633 (2022 - £397,304).