Helica Estates Limited - Filleted accounts

Registered number

13445088

Helica Estates Limited

Filleted Accounts

31 March 2025

Helica Estates Limited
Registered number:		13445088
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		2,746			3,662

Current assets
Stocks		417,237			365,418
Cash at bank and in hand		78,501			8,981
		495,738			374,399

Creditors: amounts falling due within one year	5	(1,365)			(3,305)

Net current assets			494,373			371,094

Total assets less current liabilities			497,119			374,756

Creditors: amounts falling due after more than one year	6		(651,521)			(456,764)



Net liabilities			(154,402)			(82,008)

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		48,892			-
Profit and loss account			(203,394)			(82,108)

Shareholders' funds			(154,402)			(82,008)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M F Clemo
Director
Approved by the board on 8 June 2026

Helica Estates Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Going concern

	The company has an excess of liabilities over assets at 31 March 2025 and 31 March 2024. The company's ability to continue trading is dependant on the full support of the company's shareholders. The directors consider that the company will continue to trade for the foreseeable future as the shareholders intend to support the company and accordingly the financial statements are prepared on a going concern basis.


3	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


4	Tangible fixed assets
					Office & Computer Equipment
£
	Cost
	At 1 April 2024				4,578
	At 31 March 2025				4,578

	Depreciation
	At 1 April 2024				916
	Charge for the year				916
	At 31 March 2025				1,832

	Net book value
	At 31 March 2025				2,746
	At 31 March 2024				3,662


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		305		376
	Other creditors		1,060		2,929
			1,365		3,305


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans & mortgages		264,489		118,192
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		387,032		338,572
			651,521		456,764


7	Loans		2025		2024
£				£
	Creditors include:

	Secured bank loans		264,489		118,192

	Long term secured mortgage loans


8	Revaluation reserve		2025		2024
£				£

	Gain on revaluation of land and buildings		48,892		-

	At 31 March 2025		48,892		-


9	Other information

	Helica Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	34 Croydon Road
	Caterham
	Surrey
	CR3 6QB