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Company Registration No. 11378437 (England and Wales)
P & J Helm Property Investments Ltd Unaudited accounts for the year ended 30 May 2024
P & J Helm Property Investments Ltd Unaudited accounts Contents
Page
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P & J Helm Property Investments Ltd Company Information for the year ended 30 May 2024
Director
Paul Richard Helm
Company Number
11378437 (England and Wales)
Registered Office
8 ACORN DRIVE LEEDS LS14 2HH ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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P & J Helm Property Investments Ltd Accountants' report
Accountants' report to the director of P & J Helm Property Investments Ltd on the preparation of the unaudited statutory accounts for the year ended 30 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P & J Helm Property Investments Ltd for the year ended 30 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of P & J Helm Property Investments Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of P & J Helm Property Investments Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P & J Helm Property Investments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that P & J Helm Property Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of P & J Helm Property Investments Ltd. You consider that P & J Helm Property Investments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of P & J Helm Property Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 11 December 2024
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P & J Helm Property Investments Ltd Statement of financial position as at 30 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
130,000 
125,000 
Current assets
Debtors
5,695 
- 
Cash at bank and in hand
4,837 
9,625 
10,532 
9,625 
Creditors: amounts falling due within one year
(1,038)
(1,135)
Net current assets
9,494 
8,490 
Total assets less current liabilities
139,494 
133,490 
Creditors: amounts falling due after more than one year
(114,107)
(114,107)
Provisions for liabilities
Deferred tax
(7,083)
(5,833)
Net assets
18,304 
13,550 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
21,247 
17,497 
Profit and loss account
(3,043)
(4,047)
Shareholders' funds
18,304 
13,550 
For the year ending 30 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 December 2024 and were signed on its behalf by
Paul Richard Helm Director Company Registration No. 11378437
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P & J Helm Property Investments Ltd Notes to the Accounts for the year ended 30 May 2024
1
Statutory information
P & J Helm Property Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11378437. The registered office is 8 ACORN DRIVE, LEEDS, LS14 2HH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 31 May 2023
125,000 
Net gain from fair value adjustments
5,000 
At 30 May 2024
130,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
5,695 
- 
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P & J Helm Property Investments Ltd Notes to the Accounts for the year ended 30 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
210 
- 
Loans from directors
- 
307 
Accruals
828 
828 
1,038 
1,135 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
87,543 
87,543 
Other creditors
26,564 
26,564 
114,107 
114,107 
Aggregate of amounts that fall due for payment after five years
114,107 
114,107 
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
7,083 
5,833 
2024 
2023 
£ 
£ 
Provision at start of year
5,833 
- 
Charged to the profit and loss account
1,250 
5,833 
Provision at end of year
7,083 
5,833 
Comparatives have been restated for deferred tax on revaluation of investment properties.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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