REGISTERED NUMBER: OC450696 (England and Wales)

HELIOS CONSORTIUM LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

19 JANUARY 2024 TO 31 MARCH 2025

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A C Gilpin

A C Gilpin

Closepatch Limited

H Hodgson

REGISTERED OFFICE:

Rushex House Lotherton Way

Garforth

Leeds

LS25 2JY

REGISTERED NUMBER:

OC450696 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

FIXED ASSETS

Tangible assets

4

19,499

Investments

5

1,454,823

Investment property

6

7,430,533

8,904,855

CURRENT ASSETS

Debtors

7

179,071

Cash at bank and in hand

2,465,890

2,644,961

CREDITORS

Amounts falling due within one year

8

108,209

NET CURRENT ASSETS

2,536,752

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

11,441,607

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

3,500,033

MEMBERS' OTHER INTERESTS

Capital accounts

7,941,574

11,441,607

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

3,500,033

Members' other interests

7,941,574

11,441,607

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 September 2025 and were signed by:

A C Gilpin - Designated member

1.	STATUTORY INFORMATION

Helios Consortium LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Tangible assets are initially recorded at cost, and subsequently states at cost less accumulated depreciation and impairment losses.

Investment property

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

Financial instruments

Financial assets and financial liabilities are recognised when the LLP becomes party to a contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets measured as at fair value through through the income statement.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors and trade creditors.

Where the arrangement does not constitute a financing transaction eg a debtor on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example member's capital, are classified as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Operating income

Operating income is generated by the rental of property.

3.	EMPLOYEE INFORMATION

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

21,570

At 31 March 2025

21,570

DEPRECIATION

Charge for period

2,071

At 31 March 2025

2,071

NET BOOK VALUE

At 31 March 2025

19,499

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 19 January 2024

and 31 March 2025

1,454,823

NET BOOK VALUE

At 31 March 2025

1,454,823

At 18 January 2024

1,454,823

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

7,855,533

Disposals

(425,000

)

At 31 March 2025

7,430,533

NET BOOK VALUE

At 31 March 2025

7,430,533

The LLP's members deem the carrying value of the investment properties to be that of open market value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

179,071

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

108,209

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

£

Amounts owed to members in respect of profits

3,500,033

Falling due within one year

3,500,033

If the LLP is wound up, and a surplus sum remains at the conclusion of the winding up, after payment of all money due to the creditors of the LLP and all expenses of the winding up, the liquidator shall pay that surplus sum to the Members.