Helion Technology Licensing Ltd 13272703 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the design & licensing of electronics & cryptography Digita Accounts Production Advanced 6.30.9574.0 true true 13272703 2023-04-01 2024-03-31 13272703 2024-03-31 13272703 bus:OrdinaryShareClass1 2024-03-31 13272703 core:RetainedEarningsAccumulatedLosses 2024-03-31 13272703 core:ShareCapital 2024-03-31 13272703 core:CurrentFinancialInstruments 2024-03-31 13272703 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13272703 core:Goodwill 2024-03-31 13272703 core:FurnitureFittingsToolsEquipment 2024-03-31 13272703 bus:SmallEntities 2023-04-01 2024-03-31 13272703 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13272703 bus:FilletedAccounts 2023-04-01 2024-03-31 13272703 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13272703 bus:RegisteredOffice 2023-04-01 2024-03-31 13272703 bus:Director1 2023-04-01 2024-03-31 13272703 bus:Director2 2023-04-01 2024-03-31 13272703 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13272703 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13272703 core:Goodwill 2023-04-01 2024-03-31 13272703 core:ComputerEquipment 2023-04-01 2024-03-31 13272703 core:FurnitureFittings 2023-04-01 2024-03-31 13272703 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 13272703 countries:EnglandWales 2023-04-01 2024-03-31 13272703 2023-03-31 13272703 core:Goodwill 2023-03-31 13272703 core:FurnitureFittingsToolsEquipment 2023-03-31 13272703 2022-04-01 2023-03-31 13272703 2023-03-31 13272703 bus:OrdinaryShareClass1 2023-03-31 13272703 core:RetainedEarningsAccumulatedLosses 2023-03-31 13272703 core:ShareCapital 2023-03-31 13272703 core:CurrentFinancialInstruments 2023-03-31 13272703 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13272703 core:Goodwill 2023-03-31 13272703 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13272703

Helion Technology Licensing Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Helion Technology Licensing Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Helion Technology Licensing Ltd

Company Information

Directors

Mr Colin Bruce Sinclair

Ms Alice Jane Rowlatt Travis

Registered office

20-22 Wenlock Road
London
N1 7GU

Accountants

Jacobs Allen Limited
Chartered Accountants and Chartered Tax Advisers
59 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

 

Helion Technology Licensing Ltd

(Registration number: 13272703)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

17

18

Tangible assets

5

611

827

 

628

845

Current assets

 

Debtors

6

46,108

40,288

Cash at bank and in hand

 

135,276

139,080

 

181,384

179,368

Creditors: Amounts falling due within one year

7

(20,287)

(30,131)

Net current assets

 

161,097

149,237

Total assets less current liabilities

 

161,725

150,082

Provisions for liabilities

(153)

(207)

Net assets

 

161,572

149,875

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

161,472

149,775

Shareholders' funds

 

161,572

149,875

For the financial year ending 31 March 2024 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 6 November 2024 and signed on its behalf by:
 

 

Helion Technology Licensing Ltd

(Registration number: 13272703)
Balance Sheet as at 31 March 2024

.........................................
Mr Colin Bruce Sinclair
Director

 

Helion Technology Licensing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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:
20-22 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the Board on 6 November 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Helion Technology Licensing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33.33% reducing balance

Furniture and fittings

20.00% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 15 years

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.

 

Helion Technology Licensing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Helion Technology Licensing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

20

20

At 31 March 2024

20

20

Amortisation

At 1 April 2023

2

2

Amortisation charge

1

1

At 31 March 2024

3

3

Carrying amount

At 31 March 2024

17

17

At 31 March 2023

18

18

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

1,522

1,522

Additions

90

90

At 31 March 2024

1,612

1,612

Depreciation

At 1 April 2023

695

695

Charge for the year

306

306

At 31 March 2024

1,001

1,001

Carrying amount

At 31 March 2024

611

611

At 31 March 2023

827

827

 

Helion Technology Licensing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

10,560

17,091

Prepayments

912

689

Other debtors

34,636

22,508

 

46,108

40,288

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

17,695

27,550

Accruals and deferred income

2,040

1,580

Other creditors

552

1,001

20,287

30,131

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions

Other transactions with directors

The directors provided an interest free loan of £552, which is repayable on demand (2022- £1,001).