REGISTERED NUMBER: 13119278 (England and Wales)

Helmrig Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

DV Gallagher

KE Gallagher

REGISTERED OFFICE:

New Inn Farm

Dawson Lane

Leyland

Preston

PR25 5DB

REGISTERED NUMBER:

13119278 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Investments

4

1,455,102

1,455,102

CURRENT ASSETS

Debtors

5

200

200

CREDITORS

Amounts falling due within one year

6

240,000

240,000

NET CURRENT LIABILITIES

(239,800

)

(239,800

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,215,302

1,215,302

CREDITORS

Amounts falling due after more than one year

7

235,102

455,102

NET ASSETS

980,200

760,200

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

9

980,000

760,000

SHAREHOLDERS' FUNDS

980,200

760,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

DV Gallagher - Director

1.	STATUTORY INFORMATION

Helmrig Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

The amounts in the financial statements have been rounded to the nearest £1.

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.

The financial statements have been prepared on the going concern basis despite the excess of current liabilities over current assets as the directors have indicated their willingness to continue to support the company.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less diminution in value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Investment

in

subsidiary

£

COST

At 1 April 2024

and 31 March 2025

1,455,102

NET BOOK VALUE

At 31 March 2025

1,455,102

At 31 March 2024

1,455,102

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Called up share capital not paid

200

200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

240,000

240,000

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

5,102

5,102

Other creditors

230,000

450,000

235,102

455,102

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary A1

1p

100

100

100

Ordinary A2

1p

100

100

200

200

9.

RESERVES

Retained

earnings

£

At 1 April 2024

760,000

Profit for the year

253,449

Dividends

(33,449

)

At 31 March 2025

980,000

10.	RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by DV and KE Gallagher.