Helvellyn Investments Limited 08536959 false 2023-12-31 2024-12-30 2024-12-30 The principal activity of the company is is that of managing an investment portfolio. Digita Accounts Production Advanced 6.30.9574.0 true 08536959 2023-12-31 2024-12-30 08536959 2024-12-30 08536959 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-12-30 08536959 core:CurrentFinancialInstruments 2024-12-30 08536959 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-30 08536959 core:FurnitureFittingsToolsEquipment 2024-12-30 08536959 bus:SmallEntities 2023-12-31 2024-12-30 08536959 bus:AuditExemptWithAccountantsReport 2023-12-31 2024-12-30 08536959 bus:FilletedAccounts 2023-12-31 2024-12-30 08536959 bus:SmallCompaniesRegimeForAccounts 2023-12-31 2024-12-30 08536959 bus:RegisteredOffice 2023-12-31 2024-12-30 08536959 bus:Director1 2023-12-31 2024-12-30 08536959 bus:PrivateLimitedCompanyLtd 2023-12-31 2024-12-30 08536959 core:ComputerEquipment 2023-12-31 2024-12-30 08536959 countries:England 2023-12-31 2024-12-30 08536959 2023-12-30 08536959 core:FurnitureFittingsToolsEquipment 2023-12-30 08536959 2022-12-31 2023-12-30 08536959 2023-12-30 08536959 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-12-30 08536959 core:CurrentFinancialInstruments 2023-12-30 08536959 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-30 iso4217:GBP xbrli:pure

Registration number: 08536959

Helvellyn Investments Limited
Unaudited Financial Statements
for the Year Ended 30 December 2024

Helvellyn Investments Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

Helvellyn Investments Limited

(Registration number: 08536959)
Statement of Financial Position as at 30 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Other financial assets | 5 | 1,592,875 | 1,286,941
Current assets |  |  |
Debtors | 6 | 5,000 | 6,170
Cash at bank and in hand |  | 2,232 | 12,056
|  | 7,232 | 18,226
Creditors: Amounts falling due within one year | 7 | (635,993) | (657,511)
Net current liabilities |  | (628,761) | (639,285)
Total assets less current liabilities |  | 964,114 | 647,656
Provisions for liabilities |  | (93,157) | -
Net assets |  | 870,957 | 647,656
Capital and reserves |  |  |
Called up share capital |  | 10,000 | 10,000
Fair value reserve |  | 279,471 | 135,027
Retained earnings |  | 581,486 | 502,629
Shareholders' funds |  | 870,957 | 647,656

Helvellyn Investments Limited

(Registration number: 08536959)
Statement of Financial Position as at 30 December 2024

For the financial year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 22 September 2025

......................................... Mr R H De Varennes Penswick Director |  |

Helvellyn Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
England

These financial statements were authorised for issue by the director on 22 September 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.

Government grants

Government grants are included in the accounts on the accruals basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Helvellyn Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

Asset class | Depreciation method and rate
Computer equipment | 33.33% Straight line

Other Financial Assets (Investments)

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method.
Dividends on equity securities are recognised in income when receivable.

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 income statement 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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Helvellyn Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 31 December 2023 | 6,235 | 6,235
At 30 December 2024 | 6,235 | 6,235
Depreciation
At 31 December 2023 | 6,235 | 6,235
At 30 December 2024 | 6,235 | 6,235
Carrying amount
At 30 December 2024 | - | -

5 | Other financial assets (current and non-current)

| 2024 £ | 2023 £
Non-current financial assets
Financial assets at fair value through profit and loss | 1,592,875 | 1,286,941

| Investments £ | Total £
Non-current financial assets
Cost or valuation
At 31 December 2023 | 1,286,941 | 1,286,941
Fair value adjustments | 237,601 | 237,601
Additions | 345,901 | 345,901
Disposals | (277,568) | (277,568)
At 30 December 2024 | 1,592,875 | 1,592,875

6 | Debtors

Current | 2024 £ | 2023 £
Other debtors | 5,000 | 6,170
| 5,000 | 6,170

Helvellyn Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 8 | 452,362 | 438,880
Taxation and social security |  | 1,584 | 1,584
Accruals and deferred income |  | 1,500 | 1,500
Other creditors |  | 180,547 | 215,547
|  | 635,993 | 657,511

8 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Bank overdrafts | 452,362 | 438,880

Creditors include bank overdrafts which are secured with a fixed and floating charge over the assets of the compnay is held in favour of Efg Bank Ltd dated 31 October 2022.