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Registration number: 00799994

Helios Camden Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2025

 

Helios Camden Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Helios Camden Ltd

Company Information

Directors

Mr J Morgan

Mrs M Morgan

Registered office

97 Camden Road
Tunbridge Wells
Kent
TN1 2QR

Accountants

Melrose Accountants
Accountants
62 Florence Road
Brighton
East Sussex
BN1 6DJ

 

Helios Camden Ltd

(Registration number: 00799994)
Balance Sheet as at 30 June 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

950,000

950,000

Current assets

 

Cash at bank and in hand

 

231,049

324,384

Creditors: Amounts falling due within one year

5

(26,664)

(43,498)

Net current assets

 

204,385

280,886

Total assets less current liabilities

 

1,154,385

1,230,886

Creditors: Amounts falling due after more than one year

5

(144,943)

(248,978)

Provisions for liabilities

(25,000)

(25,000)

Net assets

 

984,442

956,908

Capital and reserves

 

Called up share capital

6

2,037

2,037

Capital redemption reserve

12,424

12,424

Revaluation reserve

813,010

813,010

Other reserves

75,000

75,000

Retained earnings

81,971

54,437

Shareholders' funds

 

984,442

956,908

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 July 2025 and signed on its behalf by:
 

 

Helios Camden Ltd

(Registration number: 00799994)
Balance Sheet as at 30 June 2025

.........................................
Mr J Morgan
Director

 

Helios Camden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

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:
97 Camden Road
Tunbridge Wells
Kent
TN1 2QR

These financial statements were authorised for issue by the Board on 11 July 2025.

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.

Going concern

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

Revenue recognition

Turnover comprises rent due for the period.

Tax

The tax expense for the period comprises current 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Helios Camden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors and periodically by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Helios Camden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4

Investment properties

2025
£

At 1 July

950,000

At 30 June

950,000

There has been no valuation of investment property by an independent valuer.

 

Helios Camden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

14,088

21,152

Taxation and social security

 

12,576

15,246

Accruals and deferred income

 

-

7,100

 

26,664

43,498

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

144,943

248,978

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £0.50 each

4,074

2,037

4,074

2,037

       

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

144,943

248,978

Current loans and borrowings

2025
£

2024
£

Bank borrowings

14,088

21,152

8

Dividends

Interim dividends paid

 

Helios Camden Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

2025
£

2024
£

Interim dividend of £2.95 (2024 - £4.42) per each Ordinary shares

12,000

18,000