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REGISTERED NUMBER: 08986414 (England and Wales)












HELIX ASSET MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






HELIX ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08986414)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HELIX ASSET MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr B Petrides





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 08986414 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

HELIX ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08986414)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,389 112

CURRENT ASSETS
Debtors 5 138,466 112,983
Cash at bank 889 31,194
139,355 144,177
CREDITORS
Amounts falling due within one year 6 1,790 5,521
NET CURRENT ASSETS 137,565 138,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,954

138,768

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 137,954 137,768
SHAREHOLDERS' FUNDS 138,954 138,768

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





Mr B Petrides - Director


HELIX ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08986414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Helix Asset Management 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.

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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Sales are recognised at the earlier of monies received or services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rate 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

HELIX ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08986414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 May 2023 1,500
Additions 1,648
At 30 April 2024 3,148
DEPRECIATION
At 1 May 2023 1,388
Charge for year 371
At 30 April 2024 1,759
NET BOOK VALUE
At 30 April 2024 1,389
At 30 April 2023 112

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Other debtors - 2,613
Prepayments and accrued income 616 370
616 2,983

Amounts falling due after more than one year:
Ltd 137,850 110,000

Aggregate amounts 138,466 112,983

Included within debtors receivable after more than one year is a loan of £137,850 (2023: £110,000) due from PB Property Assets Limited, a company with a common director. The loan is unsecured, interest free and has no fixed date of repayment.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 896 4,554
Directors' current accounts 54 627
Accrued expenses 840 340
1,790 5,521

HELIX ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 08986414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary Share Capital £1 1,000 1,000

8. RESERVES
Retained
earnings
£   

At 1 May 2023 137,768
Profit for the year 186
At 30 April 2024 137,954

9. ULTIMATE CONTROLLING PARTY

Mr B Petrides is the ultimate controlling party by virtue of holding 100% of the issued share capital of the company.