Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Registration number:
Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited) (trading as
for the Year Ended 31 August 2025
Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
Company Information
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Director |
B Hurdis |
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Registered office |
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Accountants |
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Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
(Registration number: 08650329)
Statement of Financial Position as at 31 August 2025
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Note |
2025 |
2024 |
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Non current assets |
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Other financial assets |
15,427 |
81,577 |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Equity |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
(Registration number: 08650329)
Statement of Financial Position as at 31 August 2025 (continued)
For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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 and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements of Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited) were approved and authorised for issue by the
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Director
Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2025
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General information |
Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited) (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
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Accounting policies |
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.
Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis in preparing the annual financial statements.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Revenue recognition
Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2025 (continued)
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Accounting policies (continued) |
Tax
The tax expense for the period comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Property, Plant and Equipment
Property, Plant and Equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.
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:
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Asset class |
Depreciation method and rate |
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Office equipment |
33% straight line basis |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Receivables
Trade and other receivables that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.
Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2025 (continued)
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Accounting policies (continued) |
Payables
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other payables are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade and other payables that are payable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be paid. Those that are payable after more than one year or that constitute a financing transaction are recorded initially at transaction price and subsequently at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2025 (continued)
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Property, Plant and Equipment |
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Office equipment |
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Cost |
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At 1 September 2024 |
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At 31 August 2025 |
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Depreciation |
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At 1 September 2024 |
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At 31 August 2025 |
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Carrying amount |
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At 31 August 2025 |
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Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2025 (continued)
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Other financial assets (current and non-current) |
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2025 |
2024 |
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Non-current financial assets |
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Financial assets at fair value through profit and loss |
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Financial assets at fair value through profit and loss represents the fair value of listed investments at the year end. The cost of the investments determined according to the historical cost accounting rules was £17,047 (2024: £72,724). The change in value of these instruments credited to the income statement during the year amounted to -£10,473 (2024: £5,570).
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Receivables |
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2025 |
2024 |
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Receivables |
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Other receivables |
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Deferred tax assets |
405 |
- |
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Cash and cash equivalents |
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2025 |
2024 |
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Cash at bank |
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Helix Value Creation Partners Limited (formerly Hurdis Advisory Limited)
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2025 (continued)
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Payables |
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2025 |
2024 |
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Due within one year |
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Trade payables |
- |
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Taxation and social security |
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Accruals and deferred income |
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Share capital and reserves |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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1 |
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1 |
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Related party transactions |
At 31 August 2025 B Hurdis, the director, owed the company £91,595 (2024: £83,080). The loan is subject to interest at a commercial rate and has no fixed repayment date or repayment schedule.