Registration number: 10829103

Helix Partnership Homes Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Helix Partnership Homes Limited

(Registration number: 10829103)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	550	825
Current assets
Stocks	5	-	48,843
Debtors	6	253,986	258,328
Cash at bank and in hand		37,251	6,370
		291,237	313,541
Creditors: Amounts falling due within one year	7	(742,571)	(502,408)
Net current liabilities		(451,334)	(188,867)
Net liabilities		(450,784)	(188,042)
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		(451,784)	(189,042)
Shareholders' deficit		(450,784)	(188,042)

 

These financial statements have been prepared and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 July 2026 and signed on its behalf by:
 

......................................... N K T Davies Director

Helix Partnership Homes Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

1	General information

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

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

The comparative figures for the year ended 30 June 2024 have not been audited.

Going concern

The company is reliant upon the continued financial support of its parent company and fellow group companies in order to continue in operational existence.

The directors have considered the company's current financial position, forecast cash flows and expected trading activity for a period of at least twelve months from the date of approval of these financial statements. The forecasts indicate that continued financial support from the group will be required in order for the company to meet its liabilities as they fall due.

The directors of Helix Parent Holdings Limited have confirmed their intention to provide continued financial support to the company for the foreseeable future and have indicated that they do not intend to seek repayment of amounts currently due within the next twelve months. The directors have therefore concluded that it remains appropriate to prepare the financial statements on the going concern basis.

Notwithstanding that support, the company's net liability position, recurring losses and dependence upon ongoing financial support from the group indicate the existence of a material uncertainty which may cast significant doubt upon the company's ability to continue as a going concern.

The financial statements have nevertheless been prepared on the going concern basis because the directors have a reasonable expectation that adequate support will continue to be available.

Helix Partnership Homes Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Audit report

The Independent Auditor's Report was qualified. As this is the first year in which the company has been subject to audit, the comparative financial information and opening balances were not previously audited.

Included within other creditors as at 30 June 2024 is £288,073 relating to accruals and within other debtors as at 30 June 2024 is £92,917 relating to accrued income. We were unable to obtain sufficient appropriate audit evidence regarding these opening balances at the start of the period.

Due to the lack of prior audit evidence supporting these balances, and because we were unable to obtain sufficient appropriate audit evidence by performing alternative audit procedures, we were unable to determine whether any adjustments were necessary to the opening balances. Consequently, we were unable to determine whether this matter had any effect on the current year's profit or loss, retained earnings or financial position.

Our opinion on the financial statements for the year ended 30 June 2025 is qualified because of the possible effects of this matter. The name of the Senior Statutory Auditor who signed the audit report on 20 July 2026 was Dean Blunden BFP FCA, who signed for and on behalf of UHY Ross Brooke.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of property development services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

In respect of long-term contracts for on-going construction projects, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Turnover in respect of long-term contracts is recognised by reference to the stage of completion.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Long-term contracts are assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and related costs as contract activity progresses. Turnover represents the value of work done in the period, including estimates of amounts not invoiced, and is recognised by reference to the stage of completion. Operating profit includes attributable profit on long-term completed contracts and amounts recoverable on uncompleted contracts, the latter being included within debtors due within one year.

Tax

The tax expense for the period comprises current tax payable.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

Helix Partnership Homes Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

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:

Asset class	Depreciation method and rate
Office equipment	25% 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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Helix Partnership Homes Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 July 2024	1,100	1,100
At 30 June 2025	1,100	1,100
Depreciation
At 1 July 2024	275	275
Charge for the year	275	275
At 30 June 2025	550	550
Carrying amount
At 30 June 2025	550	550
At 30 June 2024	825	825

5

Stocks

	2025 £	2024 £
Work in progress	-	48,843

6

Debtors

	2025 £	2024 £
Trade debtors	200	-
Prepayments	15,120	42,466
Other debtors	238,666	215,862
	253,986	258,328

Helix Partnership Homes Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		52,671	34,597
Amounts owed to related parties	9	356,603	96,087
Taxation and social security		6,021	3,341
Other creditors		327,276	368,383
		742,571	502,408