Helios Property Group Ltd |
Registered number: |
12092871 |
Statement of Financial Position |
as at 31 July 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
272,129 |
|
|
272,129 |
|
Current assets |
Cash at bank and in hand |
|
|
8,278 |
|
|
13,152 |
|
Creditors: amounts falling due within one year |
4 |
|
(82,501) |
|
|
(87,893) |
|
Net current liabilities |
|
|
|
(74,223) |
|
|
(74,741) |
|
Total assets less current liabilities |
|
|
|
197,906 |
|
|
197,388 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(191,511) |
|
|
(191,431) |
|
|
|
Net assets |
|
|
|
6,395 |
|
|
5,957 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
8 |
|
|
8 |
Profit and loss account |
|
|
|
6,387 |
|
|
5,949 |
|
Shareholder's funds |
|
|
|
6,395 |
|
|
5,957 |
|
|
|
|
|
|
|
|
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 member has 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 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. |
|
|
|
|
T Partington |
Director |
Approved by the board on 5 March 2025 |
|
Helios Property Group Ltd |
Notes to the Accounts |
for the year ended 31 July 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from property rental. Turnover from the rental is recognised by reference to the stage of completion of the tenancy. |
|
|
Creditors |
|
Short term creditors are measured at transaction 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. |
|
|
Investment property |
|
Investment property is included at fair value. Gains and losses are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold. |
|
2 |
Employees and directors |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of directors and persons employed by the company |
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
£ |
|
Cost |
|
At 1 August 2023 |
272,129 |
|
At 31 July 2024 |
272,129 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 July 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2024 |
272,129 |
|
At 31 July 2023 |
272,129 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2024 |
|
2023 |
£ |
£ |
|
Historical cost |
272,129 |
|
272,129 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
272,129 |
|
272,129 |
|
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
550 |
|
- |
|
Accruals |
912 |
|
1,170 |
|
Corporation tax |
103 |
|
2,099 |
|
Other creditors |
80,936 |
|
84,624 |
|
|
|
|
|
|
82,501 |
|
87,893 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
191,511 |
|
191,431 |
|
|
|
|
|
|
|
|
|
|
6 |
Loans |
2024 |
|
2023 |
£ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
191,511 |
|
191,431 |
|
|
|
|
|
|
|
|
|
|
Belmont Green Finance Limited hold a charge against the investment property. The loan contains a negative pledge. |
|
|
7 |
Other information |
|
|
Helios Property Group Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
20 Cranmore Gardens |
|
Aldershot |
|
Hampshire |
|
GU11 3BE |