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REGISTERED NUMBER: 13119278 (England and Wales)















Helmrig Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Helmrig Holdings Limited (Registered number: 13119278)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Helmrig Holdings Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: DV Gallagher
KE Gallagher





REGISTERED OFFICE: New Inn Farm
Dawson Lane
Leyland
Preston
PR25 5DB





REGISTERED NUMBER: 13119278 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Helmrig Holdings Limited (Registered number: 13119278)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,455,102 1,455,102

CURRENT ASSETS
Debtors 5 200 200

CREDITORS
Amounts falling due within one year 6 240,000 240,000
NET CURRENT LIABILITIES (239,800 ) (239,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,215,302

1,215,302

CREDITORS
Amounts falling due after more than one
year

7

455,102

695,102
NET ASSETS 760,200 520,200

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 760,000 520,000
SHAREHOLDERS' FUNDS 760,200 520,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Helmrig Holdings Limited (Registered number: 13119278)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





DV Gallagher - Director


Helmrig Holdings Limited (Registered number: 13119278)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Helmrig 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

The financial statements have been prepared on the going concern basis despite the excess of liabilities over assets as the directors have indicated their willingness to continue to support the company.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less diminution in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2023 - NIL).

Helmrig Holdings Limited (Registered number: 13119278)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Investment
in
subsidiary
£
COST
At 1 April 2023
and 31 March 2024 1,455,102
NET BOOK VALUE
At 31 March 2024 1,455,102
At 31 March 2023 1,455,102

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Called up share capital not paid 200 200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 240,000 240,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Amounts owed to group undertakings 5,102 5,102
Other creditors 450,000 690,000
455,102 695,102

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary A1 1p 100 100
100 Ordinary A2 1p 100 100
200 200

Helmrig Holdings Limited (Registered number: 13119278)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. RESERVES
Retained
earnings
£

At 1 April 2023 520,000
Profit for the year 268,090
Dividends (28,090 )
At 31 March 2024 760,000

10. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by DV and KE Gallagher.