Company registration number: 02328290
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Helvellyn Properties Limited
Pages for filing with the Registrar
Company registration number: 02328290
Helvellyn Properties Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 20,078 23,028
Investment property 5 600,000 600,000
620,078 623,028
Current assets
Debtors 6 36,350 242,014
Investments 962,602 1,047,497
Cash at bank and in hand 8,806 46,438
1,007,758 1,335,949
Creditors: amounts falling due within one year
7 (8,826) (83,196)
Net current assets 998,932 1,252,753
Total assets less current liabilities 1,619,010 1,875,781
NET ASSETS 1,619,010 1,875,781
Capital and reserves
Called up share capital 20,668 20,668
Share premium account 1,028,835 1,028,835
Other reserves (14,764) (14,764)
Profit and loss account 584,271 841,042
TOTAL EQUITY 1,619,010 1,875,781
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 02328290
Helvellyn Properties Limited
Balance sheet - continued
as at 31 December 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 23 September 2026 and signed on its behalf by:
Mr J Aitchison, Director
23 September 2026
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Helvellyn Properties Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Helvellyn Properties Limited is a private company registered in England and Wales. Its registered number is 02328290. The company is limited by shares. Its registered office is The Old Rectory, Duncton, Petworth, West Sussex, GU28 0JZ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - Fixtures and fittings are depreciated at rates of between 10% and 33% on cost.
Motor vehicles - Motor vehicles are depreciated at 20% on cost.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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Helvellyn Properties Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 3 (2024 - 3).
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 January 2025 30,326
Additions 2,853
At 31 December 2025 33,179
Depreciation
At 1 January 2025 7,298
Charge for year 5,803
At 31 December 2025 13,101
Net book value
At 31 December 2025 20,078
At 31 December 2024 23,028
5 Investment property
£
Valuation
At 1 January 2025 600,000
At 31 December 2025 600,000
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Helvellyn Properties Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
6 Debtors
2025 2024
£ £
Trade debtors 341 19,314
Other debtors 36,009 222,700
36,350 242,014
7 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 440 20,151
Other creditors 8,386 9,567
Taxation - 51,115
Social security and other tax - 2,363
8,826 83,196
8 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024.
2025 2024
£ £
J D Aitchison
Balance outstanding at start of year 200,000 -
Amounts advanced 13,152 200,000
Amounts repaid (200,000) -
Balance outstanding at end of year 13,152 200,000
The above loan is unsecured and interest free.
9 Share capital
Called up share capital consists of 20,668 ordinary £1 shares. The shares are fully paid.
10 Fair value of investment property
The investment property is carried at fair value which is measured at its open market value on an existing use basis, taking into account disposal costs.
11 Current asset investments
Current asset investments consist of listed investments valued at £946,830 (2024 £1,027,830) and cash held by the investment manager amounting to £15,772 (2024 £19,667).
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Helvellyn Properties Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
12 Other reserves
Other reserves consist of the fair value reserve relating to the investment property. There were no movements during the year.
13 Controlling party
The controlling party is Helvellyn Holdings Limited. The ultimate controlling party is J D Aitchison.

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