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REGISTERED NUMBER: 12696929 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Helme Property Investment Ltd

Helme Property Investment Ltd (Registered number: 12696929)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Helme Property Investment Ltd (Registered number: 12696929)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 72 96
Investment property 5 - 120,000
72 120,096

CURRENT ASSETS
Debtors 6 542 542
Cash at bank 36,035 1,274
36,577 1,816
CREDITORS
Amounts falling due within one year 7 96,114 69,784
NET CURRENT LIABILITIES (59,537 ) (67,968 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(59,465

)

52,128

CREDITORS
Amounts falling due after more than
one year

8

-

(46,007

)

PROVISIONS FOR LIABILITIES - (1,142 )
NET (LIABILITIES)/ASSETS (59,465 ) 4,979

Helme Property Investment Ltd (Registered number: 12696929)

Statement of Financial Position - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 6 3
Fair value reserve 11 - 13,721
Retained earnings (59,471 ) (8,745 )
SHAREHOLDERS' FUNDS (59,465 ) 4,979

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





Mr Mark David Helme - Director


Helme Property Investment Ltd (Registered number: 12696929)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Helme Property Investment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12696929

Registered office: 104 Abbots Way
North Shields
Tyne and Wear
NE29 8LY

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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investment property
All investment properties as at balance sheet date have been sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Helme Property Investment Ltd (Registered number: 12696929)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The company has net liabilities of £59,465. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 170
DEPRECIATION
At 1 July 2023 74
Charge for year 24
At 30 June 2024 98
NET BOOK VALUE
At 30 June 2024 72
At 30 June 2023 96

Helme Property Investment Ltd (Registered number: 12696929)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 120,000
Disposals (95,913 )
Revaluations (14,863 )
Reclassification/transfer (9,224 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 120,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2021 14,087
Valuation in 2022 10,000
Valuation in 2023 (9,224 )
Valuation in 2024 (14,863 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 542 542

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 96,114 69,784

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 46,007

Helme Property Investment Ltd (Registered number: 12696929)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 46,007

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans - 46,007

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
6 Ordinary £1 6 3

3 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

11. RESERVES
Fair
value
reserve
£   
At 1 July 2023 13,721
Transfer to/from reserves (13,721 )

At 30 June 2024 -

Helme Property Investment Ltd (Registered number: 12696929)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. RELATED PARTY DISCLOSURES

The company owes £1,070 (2023: £624) to its director, Miss Carla Chantelle Townsend who is also a 50% shareholder of the company as at accounting year end date.

The company owes £42,308 (2023: £10,324) to its director, Mr Mark David Helme who is also a 50% shareholder of the company as at accounting year end date.

The company was owed £542 (2023: £542) as at accounting year end date from Helme Property Ltd, a company registered in United Kingdom (Company registered number: 12761459). Mr Mark David Helme and Miss Carla Chantelle Townsend are also directors and shareholders of this company holding 50% each in this company.