REGISTERED NUMBER: 03559628 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

FOR

HELDON LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Vera Nicolaou

Mr George Daniel Joannou

Mr John Joannou

Miss Elida Nicole Joannou

Mrs Vera Nicolaou

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

03559628 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

5

2,139

343

Investment property

6

1,915,000

2,005,000

1,917,139

2,005,343

CURRENT ASSETS

Debtors

7

1,193,005

1,243,553

Cash at bank

210,080

155,476

1,403,085

1,399,029

CREDITORS

Amounts falling due within one year

320,756

7,651

NET CURRENT ASSETS

1,082,329

1,391,378

TOTAL ASSETS LESS CURRENT LIABILITIES

2,999,468

3,396,721

CREDITORS

Amounts falling due after more than one year

(710,000

)

(1,050,000

)

PROVISIONS FOR LIABILITIES

9

(363,629

)

(385,661

)

NET ASSETS

1,925,839

1,961,060

CAPITAL AND RESERVES

Called up share capital

10

5,000

5,000

Fair value reserve

11

1,089,372

1,156,872

Retained earnings

11

831,467

799,188

SHAREHOLDERS' FUNDS

1,925,839

1,961,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 January 2026 and were signed on its behalf by:

Mrs Vera Nicolaou - Director

1.	STATUTORY INFORMATION

Heldon 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£) which is the functional currency of the company.

Turnover

Turnover is measured at 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.

Fixtures, fittings and equipment

-

15% straight line

Computer equipment

-

25% straight line

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Investment property

Investment property is shown at most recent valuation and is held for long-term investment. Investment property is initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment property whose fair value can be measured reliably is carried at fair value. The surplus or deficit is recognised in the income statement accumulated in fair value reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the income statement for the period. The company engages independent valuers to assist the directors in determining fair value. Deferred taxation is provided on these gains at the rate expected to apply until the property is disposed.

If a reliable measure of fair value is not available without incurring undue costs or effort it shall be transferred to property, plant and equipment and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.

Depreciation is not provided in respect of such property in accordance to FRS 102 Chapter 16 Investment Property.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 31 March 2024

25,119

Additions

2,762

At 30 March 2025

27,881

DEPRECIATION

At 31 March 2024

24,776

Charge for year

966

At 30 March 2025

25,742

NET BOOK VALUE

At 30 March 2025

2,139

At 30 March 2024

343

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

2,005,000

Revaluations

(90,000

)

At 30 March 2025

1,915,000

NET BOOK VALUE

At 30 March 2025

1,915,000

At 30 March 2024

2,005,000

Valuation of the properties were carried out by Helen Sarno MRICS and Graham Saunders MRICS of Alexander Lawson Surveyors Limited (Chartered Surveyors) during April 2025.

7.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

1,179,375

1,229,375

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

710,000

1,050,000

A secured loan facility of £710,000 (2024 - £1,050,000 was provided by Eurobank Private Bank Luxembourg SA in October 2022 for refinancing a £950,000 facility provided by Cynergy Bank Limited.

The fixed term loan is secured by first legal charges over the freehold properties of the company and also guarantees from a directors in favour of Eurobank Private Bank Luxembourg SA.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

505

37

Fair value gain

363,124

385,624

363,629

385,661

Deferred

tax

£

Balance at 31 March 2024

385,661

Gain on investment

properties

(22,500

)

Accelerated

capital allowance

456

Tax rate change

12

Balance at 30 March 2025

363,629

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,000

Ordinary A

£1

2,000

2,000

3,000

Ordinary B

£1

3,000

3,000

5,000

5,000

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 31 March 2024

799,188

1,156,872

1,956,060

Deficit for the year

(32,221

)

(32,221

)

Dividends

(3,000

)

(3,000

)

Reclassification

67,500

(67,500

)

-

At 30 March 2025

831,467

1,089,372

1,920,839

Fair value reserve is not distributable.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the reporting date, a guarantee from the directors was put in place as security for the loan facility from Eurobank Private Bank Luxembourg SA.

13.	RELATED PARTY DISCLOSURES

Loan from directors

At the reporting date, the directors were owed in total £100,235 (2024 - £214) by the company. This amount is interest-free, unsecured and is repayable on demand.

Loan from shareholders

At the reporting date, the shareholders were owed in total £206,000 (2024 - £nil) by the company. This amount is interest-free, unsecured and is repayable on demand.

Andronika Limited

Shown under other debtors (amounts falling due after more than one year) as at the reporting date is an amount of £251,260 (2024 - £301,260) owed to the company by Andronika Limited, a company incorporated in England and Wales in which Miss Elida Joannou is a director and shareholder. This amount is interest-free and unsecured.

J.E.G. Properties Limited

Shown under other debtors (amounts falling due after more than one year) as at the reporting date is an amount of £928,115 (2024 - £928,115) owed to the company by J.E.G. Properties Limited, a company incorporated in England and Wales in which in which all the directors are directors of and three of the directors are shareholders. This amount is interest-free and unsecured.

14.	ULTIMATE CONTROLLING PARTY

Mrs V Nicolaou is considered by the directors to be the ultimate controlling party by virtue of her majority interest in the voting issued ordinary share capital.