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Company Registration Number: 12853197
 
 
Helix 55 Properties Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024
Helix 55 Properties Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Andrea Bonzanni
Linda Rotasperti
 
 
Company Registration Number 12853197
 
 
Registered Office and Business Address 55 Helix Road, Flat B
London
SW2 2JR
 
 
Accountants Langers
Chartered Certified Accountants
8-10 Gatley Road
Cheadle
Cheshire
SK8 1PY
GB



Helix 55 Properties Limited
Company Registration Number: 12853197
STATEMENT OF FINANCIAL POSITION
as at 30 September 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 413 153
Investment properties 5 134,774 128,601
───────── ─────────
Non-Current Assets 135,187 128,754
───────── ─────────
 
Current Assets
Debtors 6 1,352 1,258
Cash and cash equivalents 6,085 11,555
───────── ─────────
7,437 12,813
───────── ─────────
Creditors: amounts falling due within one year 7 (118,090) (127,698)
───────── ─────────
Net Current Liabilities (110,653) (114,885)
───────── ─────────
Total Assets less Current Liabilities 24,534 13,869
 
Provisions for liabilities 8 (4,925) (3,674)
───────── ─────────
Net Assets 19,609 10,195
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Revaluation reserve 20,665 15,665
Retained earnings (1,058) (5,472)
───────── ─────────
Equity attributable to owners of the company 19,609 10,195
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 9 March 2025 and signed on its behalf by
           
           
________________________________          
Andrea Bonzanni          
Director          
           
           
________________________________
Linda Rotasperti
Director
           



Helix 55 Properties Limited
STATEMENT OF CHANGES IN EQUITY
as at 30 September 2024

Called up Revaluation Retained Total
share reserve earnings
capital
£ £ £ £
 
At 1 October 2022 2 12,125 (8,251) 3,876
Profit for the financial year - - 6,319 6,319
Other comprehensive income - 3,540 - 3,540
Other movements in equity
attributable to owners - - (3,540) (3,540)
  ───────── ───────── ───────── ─────────
At 30 September 2023 2 15,665 (5,472) 10,195
Profit for the financial year - - 9,414 9,414
Other comprehensive income - 5,000 - 5,000
Other movements in equity
attributable to owners - - (5,000) (5,000)
  ───────── ───────── ───────── ─────────
At 30 September 2024 2 20,665 (1,058) 19,609
  ═════════ ═════════ ═════════ ═════════



Helix 55 Properties Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Helix 55 Properties Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 12853197. The registered office of the company is 55 Helix Road, Flat B, London, SW2 2JR which is also the principal place of business of the company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 25% Straight line
  Fixtures, fittings and equipment - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2023 - 2).
 
  2024 2023
  Number Number
 
Director 2 2
  ═════════ ═════════
         
4. Property, plant and equipment
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 October 2023 500 118 618
Additions 551 - 551
Disposals (270) - (270)
  ───────── ───────── ─────────
At 30 September 2024 781 118 899
  ───────── ───────── ─────────
Depreciation
At 1 October 2023 375 90 465
Charge for the financial year 195 28 223
On disposals (202) - (202)
  ───────── ───────── ─────────
At 30 September 2024 368 118 486
  ───────── ───────── ─────────
Net book value
At 30 September 2024 413 - 413
  ═════════ ═════════ ═════════
At 30 September 2023 125 28 153
  ═════════ ═════════ ═════════
       
4.1. Property, plant and equipment continued
 
The investment property has been revalued in line with the regional house price index at the year end.
     
5. Investment Properties
  Investment
  properties
 
  £
Fair value
At 1 October 2023 128,601
Revaluation 6,173
  ─────────
At 30 September 2024 134,774
  ─────────
       
6. Debtors 2024 2023
  £ £
 
Other debtors 650 650
Prepayments and accrued income 702 608
  ───────── ─────────
  1,352 1,258
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Directors' current accounts 116,540 126,190
Other creditors 650 650
Accruals 900 858
  ───────── ─────────
  118,090 127,698
  ═════════ ═════════
         
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 3,674 3,674 2,844
Utilised during the financial year 1,251 1,251 830
  ───────── ───────── ─────────
At financial year end 4,925 4,925 3,674
  ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2024.
           
10. Related party transactions
 
At 30 September 2024 the company owed £116,540 to the directors (2023: £126,190). No interest has been charged to the company in respect of these loans, which are repayable on demand and classified in creditors due within one year.
   
11. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.
       
12. Changes in Equity
 
Other Comprehensive Income 2024 2023
  £ £
 
Revaluation reserve unrealised movement on revaluation of property 5,000 3,540
  ═════════ ═════════