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Registration number: 10827352

Helix Parent Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Helix Parent Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Helix Parent Holdings Limited

(Registration number: 10827352)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

5

527

3

Current assets

 

Debtors

6

239,400

259,946

Cash at bank and in hand

 

864

2,248

 

240,264

262,194

Creditors: Amounts falling due within one year

7

(235,965)

(259,639)

Net current assets

 

4,299

2,555

Net assets

 

4,826

2,558

Capital and reserves

 

Called up share capital

200

200

Retained earnings

4,626

2,358

Shareholders' funds

 

4,826

2,558

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 September 2024 and signed on its behalf by:
 

.........................................
N Davies
Chief executive

 

Helix Parent Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company has taken advantage of exemptions conferred by Financial Reporting Standard 102 - Related Party Disclosures not to disclose transactions between wholly owned members of the same group.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Helix Parent Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Taxation

2023

2022

£

£

Corporation tax

532

-

532

-

4

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Helix Parent Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Investments

2023
£

2022
£

Investments in subsidiaries

527

3

Subsidiaries

£

Cost or valuation

At 1 January 2023

3

Additions

524

At 31 December 2023

527

Provision

Carrying amount

At 31 December 2023

527

At 31 December 2022

3

6

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and related undertakings

8

238,990

202,615

Other debtors

 

410

57,331

 

239,400

259,946

 

Helix Parent Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

1,123

1,573

Amounts owed to group undertakings

8

233,087

208,087

Taxation and social security

 

532

-

Other creditors

 

1,223

49,979

 

235,965

259,639

8

Related party transactions

Loans to related parties

2023

Subsidiary
£

Total
£

At start of period

148,358

148,358

Advanced

33,000

33,000

Repaid

(140,524)

(140,524)

Interest transactions

2,800

2,800

At end of period

43,634

43,634

2022

Subsidiary
£

Total
£

Advanced

146,000

146,000

Interest transactions

2,358

2,358

At end of period

148,358

148,358

Terms of loans to related parties

Interest is charged at 3% per annum and the loan is repayable in full on 31 December 2024.