Helionix Developments Limited 01421883 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is property development Digita Accounts Production Advanced 6.30.9574.0 true false true 01421883 2023-07-01 2024-06-30 01421883 2024-06-30 01421883 core:RetainedEarningsAccumulatedLosses 2024-06-30 01421883 core:ShareCapital 2024-06-30 01421883 core:CurrentFinancialInstruments 2024-06-30 01421883 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 01421883 core:FurnitureFittingsToolsEquipment 2024-06-30 01421883 core:OtherPropertyPlantEquipment 2024-06-30 01421883 core:ParentEntities 2024-06-30 01421883 bus:SmallEntities 2023-07-01 2024-06-30 01421883 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 01421883 bus:FilletedAccounts 2023-07-01 2024-06-30 01421883 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01421883 bus:RegisteredOffice 2023-07-01 2024-06-30 01421883 bus:CompanySecretary1 2023-07-01 2024-06-30 01421883 bus:Director2 2023-07-01 2024-06-30 01421883 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01421883 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 01421883 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 01421883 core:PlantMachinery 2023-07-01 2024-06-30 01421883 core:OtherRelatedParties 2023-07-01 2024-06-30 01421883 core:ParentEntities 2023-07-01 2024-06-30 01421883 1 2023-07-01 2024-06-30 01421883 countries:EnglandWales 2023-07-01 2024-06-30 01421883 2023-06-30 01421883 core:FurnitureFittingsToolsEquipment 2023-06-30 01421883 core:OtherPropertyPlantEquipment 2023-06-30 01421883 2022-07-01 2023-06-30 01421883 2023-06-30 01421883 core:RetainedEarningsAccumulatedLosses 2023-06-30 01421883 core:ShareCapital 2023-06-30 01421883 core:CurrentFinancialInstruments 2023-06-30 01421883 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 01421883 core:FurnitureFittingsToolsEquipment 2023-06-30 01421883 core:OtherPropertyPlantEquipment 2023-06-30 01421883 core:ParentEntities 2023-06-30 01421883 core:ParentEntities core:RenderingOrReceivingServices 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 01421883

Helionix Developments Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Helionix Developments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Helionix Developments Limited

Company Information

Director

A Gould

Company secretary

Manningtons Ltd

Registered office

Furnace Brook Fishery Trolliloes Lane
Trolliloes
Hailsham
East Sussex
BN27 4QR

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Helionix Developments Limited

(Registration number: 01421883)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,430

10,170

Current assets

 

Debtors

5

545,410

648,868

Cash at bank and in hand

 

940

10,058

 

546,350

658,926

Creditors: Amounts falling due within one year

6

(55,317)

(64,502)

Net current assets

 

491,033

594,424

Net assets

 

505,463

604,594

Capital and reserves

 

Called up share capital

100

100

Retained earnings

505,363

604,494

Shareholders' funds

 

505,463

604,594

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 March 2025
 

.........................................
A Gould
Director

 

Helionix Developments Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Furnace Brook Fishery Trolliloes Lane
Trolliloes
Hailsham
East Sussex
BN27 4QR
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Helionix Developments Limited

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

Asset class

Depreciation method and rate

Plant and equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Helionix Developments Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

500

12,370

12,870

Additions

-

9,078

9,078

At 30 June 2024

500

21,448

21,948

Depreciation

At 1 July 2023

411

2,289

2,700

Charge for the year

29

4,789

4,818

At 30 June 2024

440

7,078

7,518

Carrying amount

At 30 June 2024

60

14,370

14,430

At 30 June 2023

89

10,081

10,170

5

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

7

523,208

625,908

Taxation and social security

 

22,202

22,960

 

545,410

648,868

 

Helionix Developments Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

7,763

Accruals and deferred income

501

2,049

Other creditors

425

-

Director loan account

54,391

54,690

55,317

64,502

7

Related party transactions

Summary of transactions with parent

Helionix Group Limited
 Management charge and interest free loan
 

Summary of transactions with other related parties

Carbon Free Communication Limited
 A Gould is a director and shareholder
 

Income and receivables from related parties

2024

Parent
£

Amounts receivable from related party

523,208

2023

Parent
£

Amounts receivable from related party

625,989

 

Helionix Developments Limited

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

Expenditure with and payables to related parties

2023

Parent
£

Rendering of services

495

8

Parent and ultimate parent undertaking

The company's immediate parent is Helionix Group Limited, incorporated in England and Wales.

 The ultimate controlling party is A Gould.