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REGISTERED NUMBER: 00797808 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HELIUS (HOLDINGS) LIMITED

HELIUS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00797808)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HELIUS (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms R C Rowlands
Mrs M Rowlands





REGISTERED OFFICE: 1 Victoria Parade
Sandycombe Road
Richmond
Surrey
TW9 3 NB





REGISTERED NUMBER: 00797808 (England and Wales)





ACCOUNTANTS: Smith Pearman
Chartered Accountants
Hurst House
High Street
Ripley
Surrey
GU23 6AY

HELIUS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00797808)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,160,036 1,160,036
Investment property 6 1,785,967 1,786,675
2,946,003 2,946,711

CURRENT ASSETS
Debtors 7 60,667 58,194
Cash at bank 160,085 129,611
220,752 187,805
CREDITORS
Amounts falling due within one year 8 13,662 10,902
NET CURRENT ASSETS 207,090 176,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,153,093

3,123,614

PROVISIONS FOR LIABILITIES 270,648 322,992
NET ASSETS 2,882,445 2,800,622

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 1,166,572 1,114,936
Retained earnings 1,715,773 1,685,586
SHAREHOLDERS' FUNDS 2,882,445 2,800,622

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 7 September 2024 and were signed on its behalf by:




Ms R C Rowlands - Director


HELIUS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00797808)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Helius (Holdings) 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Helius (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rents receivable

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 ) .

HELIUS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00797808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 340
DEPRECIATION
At 1 January 2023
and 31 December 2023 340
NET BOOK VALUE
At 31 December 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,160,036
NET BOOK VALUE
At 31 December 2023 1,160,036
At 31 December 2022 1,160,036

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,786,675
Revaluations (708 )
At 31 December 2023 1,785,967
NET BOOK VALUE
At 31 December 2023 1,785,967
At 31 December 2022 1,786,675

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2016 1,418,380
Valuation in 2017 (21,545 )
Valuation in 2018 11,581
Valuation in 2020 (46,976 )
Valuation in 2021 48,677
Valuation in 2022 27,811
Valuation in 2023 (708 )
Cost 348,747
1,785,967

HELIUS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00797808)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 348,747 348,747

Investment property was valued on an open market basis on 31 December 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,642 4,779
Amounts owed by group undertakings 53,100 53,100
Other debtors 925 315
60,667 58,194

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 (1 )
Taxation and social security 8,006 4,260
Other creditors 5,655 6,643
13,662 10,902

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 1,114,936
Movement in year 51,636

At 31 December 2023 1,166,572

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Ms R C Rowlands
Balance outstanding at start of year - -
Amounts advanced 600 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 600 -

The advance was repaid on 17th January 2024.