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Company No: 04709589 (England and Wales)

HELM NAVIGATION LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

HELM NAVIGATION LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HELM NAVIGATION LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
HELM NAVIGATION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Current assets
Debtors 119 539
Cash at bank and in hand 1,725 2,433
1,844 2,972
Creditors: amounts falling due within one year 4 ( 80,223) ( 119,717)
Net current liabilities (78,379) (116,745)
Total assets less current liabilities (78,379) (116,745)
Net liabilities ( 78,379) ( 116,745)
Capital and reserves
Called-up share capital 5 2 4
Profit and loss account ( 78,381 ) ( 116,749 )
Total shareholder's deficit ( 78,379) ( 116,745)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Helm Navigation Limited (registered number: 04709589) were approved and authorised for issue by the Director. They were signed on its behalf by:

Mr J Nethersole
Director

03 August 2025

HELM NAVIGATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HELM NAVIGATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Helm Navigation Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 8 The Courtyard Wyncolls Road, Severalls Industrial Park, Colchester, CO4 9PE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The Director has considered the Company's position at the time of signing the financial statements and has concluded that there is a reasonable explanation the the company will have adequate resources to continue in operational existence in the future.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 April 2024 2,812 2,812
At 31 March 2025 1,406 1,406
Accumulated depreciation
At 01 April 2024 2,812 2,812
At 31 March 2025 1,406 1,406
Net book value
At 31 March 2025 0 0
At 31 March 2024 0 0

4. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 542 1,738
Amounts owed to director 78,384 115,226
Accruals 1,285 2,710
Other creditors 12 43
80,223 119,717

5. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2