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Registered number: 16062097 RED HELIX CYBER SERVICES LIMITED ANNUAL REPORT FOR THE PERIOD ENDED 31 MARCH 2026
RED HELIX CYBER SERVICES LIMITED REGISTERED NUMBER: 16062097 BALANCE SHEET AS AT 31 MARCH 2026
|  | 2026
Note |  | £
Fixed assets |  |  |
Investments | 5 |  | 1,801,637
Current assets |  |  |
Debtors: amounts falling due after more than one year | 6 | 111,447 |
Debtors: amounts falling due within one year | 6 | 365,963 |
Cash at bank and in hand |  | 94,055 |
|  | 571,465 |
Creditors: amounts falling due within one year | 7 | (2,100,498) |
Net current liabilities |  |  | (1,529,033)
Net assets |  |  | 272,604
Capital and reserves |  |  |
Called up share capital | 8 |  | 1
Profit and loss account | 9 |  | 272,603
Shareholders' funds |  |  | 272,604
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
M Stewart
Director
Date: 4 August 2026
The notes on pages 2 to 7 form part of these financial statements. Page 1
RED HELIX CYBER SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026
1. | General information
Red Helix Cyber Services 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. The financial statements are presented in Sterling (£), which is the functional currency of the company. The financial statements are for the period from 05 November 2024 to 31 March 2026. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Exemption from preparing consolidated financial statements
The company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
| 2.3 | Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for a period of at least 12 months following the approval of these financial statements. The directors are confident the market for the company's services will grow over the next 12 months. Growth is expected to arise from increasing demand from organisations seeking to strengthen their cyber and information security. The directors have prepared detailed forecasts for a period of at least 12 months from the date of approval of the financial statements and believe the company has adequate resources to continue in operational existence for the foreseeable future. The company is reliant on the continued financial support of its ultimate parent undertaking, which has indicated its intention to provide such support, via a letter of support, for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the directors are satisfied that it is appropriate to prepare the financial statements on the going concern basis. Page 2
RED HELIX CYBER SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.4 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Rendering of services 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.
| 2.5 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Page 3
RED HELIX CYBER SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.6 | Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
| 2.7 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.
| 2.8 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
Preparation of the financial statements can require management to make judgements and estimates and the following are considered to be key sources of estimation uncertainty for the company: Investment in the subsidiary The company holds an investment in a subsidiary undertaking which is carried at cost less impairment. The assessment of recoverability requires the directors to estimate the future financial performance of the subsidiaries, which will contain some level of estimation uncertainty. Deferred income estimation The completeness of deferred income relates to estimating the portion of revenue invoiced in advance for recurring services that has not yet been earned at the reporting date. Invoices can be raised to customers ahead of the service delivery period and therefore judgement is required to ensure that income is recognised in line with the period over which services are provided. Page 4
RED HELIX CYBER SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026
4. | Employees
| The average monthly number of employees, including directors, which were employees of the company during the period was 0. During the period the average number of employees including directors, the costs for which were recharged to the company by fellow group undertakings, was 23.
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost |
| At 5 November 2024 | -
| Additions | 1,801,637
| At 31 March 2026 | 1,801,637
| Subsidiary undertaking
| The following was a subsidiary undertaking of the company:
| Name | Registered office | Class of shares | Holding
| Risk Crew Limited - acquired 21 August 2025 | Same as parent | Ordinary | 100%
Page 5
RED HELIX CYBER SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026
6. | Debtors
|  |  |  |  | 2026
|  |  |  |  | £
| Due after more than one year |
| Prepayments and accrued income | 111,447
|  | 111,447
|  |  |  |  | 2026
|  |  |  |  | £
| Due within one year |
| Trade debtors | 61,933
| Called up share capital not paid | 1
| Prepayments and accrued income | 304,029
|  | 365,963
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026
|  |  |  |  | £
| Trade creditors | 15,214
| Amounts owed to group undertakings | 1,623,969
| Other taxation and social security | 29,854
| Accruals and deferred income | 431,461
|  | 2,100,498
| Amounts owed to related parties are unsecured, interest free and are repayable on demand.
8. | Share capital
|  |  |  |  | 2026
|  |  |  |  | £
|  | Allotted, called up and fully paid |
|  | 1 Ordinary share of £1 | 1
On incorporation date, the company issued 1 ordinary share of £1 for cash consideration.
9. | Reserves
Profit and loss account Profit and loss account includes all cumulative retained profit and losses. Page 6
RED HELIX CYBER SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2026 10.Other financial commitments At the period end there were fixed and floating charges, including a negative pledge over all of the undertakings of the entity. These charges are in relation to Credit Facilities used across the various group companies.
11. | Related party transactions
| The company has claimed exemption from disclosing related party transactions with other wholly owned group members of the Alphabet Bidco Limited group.
12. | Controlling party
The immediate parent undertaking is Phoenix Datacom Group Limited, a company incorporated in England and Wales. The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Alphabet Bidco Limited, a company incorporated in England and Wales. Copies of the Alphabet Bidco Limited consolidated financial statements can be obtained from the registered office address at Phoenix House, Smeaton Close, Rabans Lane, Aylesbury, Buckinghamshire, HP19 8UW.
13. | Auditor's information
The auditor's report on the financial statements for the period ended 31 March 2026 was unqualified. The audit report was signed on 4 August 2026 by George Style (Senior statutory auditor) on behalf of Cooper Parry Group Limited.
Page 7