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REGISTERED NUMBER: 12939375 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Helsing Housing Ltd

Helsing Housing Ltd (Registered number: 12939375)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Helsing Housing Ltd (Registered number: 12939375)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 300,000 280,000

CURRENT ASSETS
Debtors 5 9,670 11,841
Cash at bank 34,641 47,808
44,311 59,649
CREDITORS
Amounts falling due within one year 6 90,855 93,745
NET CURRENT LIABILITIES (46,544 ) (34,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,456

245,904

CREDITORS
Amounts falling due after more than
one year

7

(204,000

)

(204,000

)

PROVISIONS FOR LIABILITIES (9,406 ) (7,972 )
NET ASSETS 40,050 33,932

Helsing Housing Ltd (Registered number: 12939375)

Statement of Financial Position - continued
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 61,094 42,529
Retained earnings (21,144 ) (8,697 )
SHAREHOLDERS' FUNDS 40,050 33,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 1 June 2025 and were signed on its behalf by:





Mr Michael Leigh Dooley - Director


Helsing Housing Ltd (Registered number: 12939375)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Helsing Housing 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: 12939375

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


Helsing Housing Ltd (Registered number: 12939375)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 280,000
Revaluations 20,000
At 31 October 2024 300,000
NET BOOK VALUE
At 31 October 2024 300,000
At 31 October 2023 280,000

Following Investment properties are under a charge from Hampshire Trust Bank PLC. The charge was created on 31st January 2023.
a) 33 Ceidrim Road, Glanamman, Ammanford, SA18 1BZ
b) 78 Glanaman Road, Cwmaman, Aberdare, CF44 6LA

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2021 34,267
Valuation in 2022 16,233
Valuation in 2024 20,000
Cost 229,500
300,000

Helsing Housing Ltd (Registered number: 12939375)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 9,670 11,841

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security - 2,330
Other creditors 90,855 91,415
90,855 93,745

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 204,000 204,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 204,000 204,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 204,000 204,000

The loan amounting to £204,000 is secured by the way of charge on following the properties (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 31st January 2023.
a) 33 Ceidrim Road, Glanamman, Ammanford, SA18 1BZ.
b) 78 Glanaman Road, Cwmaman, Aberdare, CF44 6LA.

Helsing Housing Ltd (Registered number: 12939375)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 November 2023 42,529
Transfer to/from reserves 18,565

At 31 October 2024 61,094

11. RELATED PARTY DISCLOSURES

The company owes £90,855 (2023: £90,855) to its director, Mr Michael Leigh Dooley who is also a 50% shareholder of the company as at accounting year end date.

The company was owed £6,803 (2023: owes to £9,203) from its director, Mr Faruk Bevrnja who is also a 50% shareholder of the company as at accounting year end date.