REGISTERED NUMBER: 11585766 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Hellenic Finance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Thomopoulos

Mr I Kyriakopoulos

REGISTERED OFFICE:

238 Station Road

Addlestone

Surrey

KT15 2PS

REGISTERED NUMBER:

11585766 (England and Wales)

ACCOUNTANTS:

Turner Hampton

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Property, plant and equipment

4

2,801

7,436

Investments

5

943,176

343,528

945,977

350,964

CURRENT ASSETS

Debtors

6

468,751

542,082

Cash at bank

580,055

746,194

1,048,806

1,288,276

CREDITORS

Amounts falling due within one year

7

(181,595

)

(138,256

)

NET CURRENT ASSETS

867,211

1,150,020

TOTAL ASSETS LESS CURRENT LIABILITIES

1,813,188

1,500,984

PROVISIONS FOR LIABILITIES

(4,982

)

(2,841

)

NET ASSETS

1,808,206

1,498,143

CAPITAL AND RESERVES

Called up share capital

900

900

Retained earnings

1,807,306

1,497,243

1,808,206

1,498,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2025 and were signed on its behalf by:

Mr A Thomopoulos - Director

1.	STATUTORY INFORMATION

Hellenic Finance 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.

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 as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

5,104

36,279

41,383

Additions

-

1,411

1,411

Disposals

(5,104

)

(19,552

)

(24,656

)

At 31 December 2024

-

18,138

18,138

DEPRECIATION

At 1 January 2024

5,104

28,843

33,947

Charge for year

-

6,046

6,046

Eliminated on disposal

(5,104

)

(19,552

)

(24,656

)

At 31 December 2024

-

15,337

15,337

NET BOOK VALUE

At 31 December 2024

-

2,801

2,801

At 31 December 2023

-

7,436

7,436

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

343,528

Additions

961,073

Disposals

(299,846

)

Revaluations

(9,712

)

Exchange differences

(51,867

)

At 31 December 2024

943,176

NET BOOK VALUE

At 31 December 2024

943,176

At 31 December 2023

343,528

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2022

(41,412

)

Valuation in 2023

55,548

Valuation in 2024

(9,712

)

Cost

938,752

943,176

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

283,745

364,258

Other debtors

185,006

177,824

468,751

542,082

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

88

-

Trade creditors

1

38,661

Taxation and social security

169,847

94,133

Other creditors

11,659

5,462

181,595

138,256