REGISTERED NUMBER: 02691279 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Helpfavour Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Ballard

Mr M D French

REGISTERED OFFICE:

45/51, Wychtree Street

Morriston

Swansea

West Glamorgan

SA6 8EX

REGISTERED NUMBER:

02691279 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

Chartered Accountants

13a Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Investments

4

4

4

Investment property

5

13,983,367

14,100,242

13,983,371

14,100,246

CURRENT ASSETS

Debtors

6

25,255

18,474

Cash at bank

5,245

3,926

30,500

22,400

CREDITORS

Amounts falling due within one year

7

9,666,869

10,579,583

NET CURRENT LIABILITIES

(9,636,369

)

(10,557,183

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,347,002

3,543,063

CREDITORS

Amounts falling due after more than one year

8

191,632

190,488

NET ASSETS

4,155,370

3,352,575

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

4,155,368

3,352,573

SHAREHOLDERS' FUNDS

4,155,370

3,352,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 1 July 2026 and were signed on its behalf by:

Mr P Ballard - Director

1.	STATUTORY INFORMATION

Helpfavour 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.

Turnover

Turnover consists of freehold sales and all additional incomes derived from trading in freehold reversions. These include administration income in dealing with notices and consents, together with ground rents, notice fees and consent fees.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2024

and 31 October 2025

4

NET BOOK VALUE

At 31 October 2025

4

At 31 October 2024

4

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

14,100,242

Disposals

(116,875

)

At 31 October 2025

13,983,367

NET BOOK VALUE

At 31 October 2025

13,983,367

At 31 October 2024

14,100,242

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

22,405

12,398

Accrued income

2,850

6,076

25,255

18,474

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Tax

267,599

282,157

Amounts due to related company

9,398,870

10,297,026

Accrued expenses

400

400

9,666,869

10,579,583

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Accruals and deferred income

191,632

190,488

9.	RELATED PARTY DISCLOSURES

Included in creditors is an amount of £9,398,870 (2024 £10,297,026) due from associated company under common control Tapestart Ltd. Tapestart Ltd acts as a clearing house for intercompany transactions between associated companies.

During the year the shareholders of the Company exchanged their entire shareholdings in the Company for shares in Glarus Holdings Limited, a company incorporated in Guernsey.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Ballard.

The immediate parent company is Glarus Holdings Limited, a company incorporated in Guernsey.