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REGISTERED NUMBER: 07851368 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

HELIUM MIRACLE 113 LIMITED

HELIUM MIRACLE 113 LIMITED (REGISTERED NUMBER: 07851368)






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


HELIUM MIRACLE 113 LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: Mr C J Baybutt
Mr J Melling
Mr J Smith
Mr M Baybutt





Registered office: Greenbank House
152 Wigan Lane
Wigan
Lancashire
WN1 2LA





Registered number: 07851368 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

HELIUM MIRACLE 113 LIMITED (REGISTERED NUMBER: 07851368)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1

CURRENT ASSETS
Debtors 5 45,767 5,770,756
Cash at bank 39,613 1,702
85,380 5,772,458
CREDITORS
Amounts falling due within one year 6 16,654,696 22,325,939
NET CURRENT LIABILITIES (16,569,316 ) (16,553,481 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,569,315

)

(16,553,480

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (16,569,415 ) (16,553,580 )
SHAREHOLDERS' FUNDS (16,569,315 ) (16,553,480 )

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 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 24 September 2024 and were signed on its behalf by:





Mr M Baybutt - Director


HELIUM MIRACLE 113 LIMITED (REGISTERED NUMBER: 07851368)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Helium Miracle 113 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 company has taken advantage of the exemptions, as a small group, provided by the Companies Act 2006 not to prepare group accounts. The financial statements therefore present information about the company as an individual and not about its group.

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 company meets it's day to day working capital requirements through the support of other related companies and the Baybutt Family Trusts. The directors have carried out a going concern review for the 12 months from the date of their approval of these financial statements. On the basis of this review and the continued support of primarily the Baybutt Family Trusts, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Short term debtors and creditors receivable
Short term debtors and creditors with no stated interest rate are recorded at the transaction price. Any losses arising from impairment are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

HELIUM MIRACLE 113 LIMITED (REGISTERED NUMBER: 07851368)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 42,343 -
Other debtors 3,424 5,770,756
45,767 5,770,756

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 3,942
Amounts owed to related parties 8,279,314 13,946,371
Other creditors 8,375,382 8,375,626
16,654,696 22,325,939

Included in other creditors is an amount of £8,372,376 (2022 - £8,372,376) relating to the Baybutt Family Trusts. This loan is interest free and payable on demand.

The creditor has been treated as falling due within one year as this is the technical legal status at the balance sheet date. Subsequent to the year end the trust and directors have confirmed that as in previous years they will provide sufficient financing to support the company for the 12 months following the approval of these accounts.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10,000 Ordinary 1p 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (16,553,580 )
Deficit for the year (15,835 )
At 31 December 2023 (16,569,415 )

9. CONTROLLING INTEREST

The Trustees of the Baybutt Family Trusts have a controlling interest in the company.