Registered number
08577873
Helix Management Company Limited
Service Charge Accounts
Filleted Accounts
30 June 2024
Helix Management Company Limited
Registered number: 08577873
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 11,391 23,782
Cash at bank and in hand 6,183 187
17,574 23,969
Creditors: amounts falling due within one year 4 (12,346) (18,741)
Net current assets 5,228 5,228
Net assets 5,228 5,228
Capital and reserves
Profit and loss account 5,228 5,228
Shareholders' funds 5,228 5,228
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Euan Burr
Director
Approved by the board on 10 September 2024
Helix Management Company Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 11,363 19,655
Other debtors 28 4,127
11,391 23,782
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 1,468
Other creditors 12,346 17,273
12,346 18,741
5 Services charges accrued 2024 2023
£ £
Balance brought forward 11,849 1,446
Surplus/(Deficit) accrued for the year 497 10,403
Accrued 12,346 11,849
Breakdown:
2024 2023
£ £
I&E Estate (9,766) (8,899)
I&E Apartments 3,901 9,330
I&E Houses 6,362 9,972
497 10,403
6 Other information
Helix Management Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
36 Colston Road
London SW14 7AY
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