Helperton Limited - Accounts to registrar (filleted) - small 18.2
Helperton Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2017 |
| for |
| HELPERTON LIMITED |
| HELPERTON LIMITED (REGISTERED NUMBER: 01922362) |
| Contents of the Financial Statements |
| for the year ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HELPERTON LIMITED |
| Company Information |
| for the year ended 31 December 2017 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Coopers House |
| 65a Wingletye Lane |
| Hornchurch |
| Essex |
| RM11 3AT |
| HELPERTON LIMITED (REGISTERED NUMBER: 01922362) |
| Balance Sheet |
| 31 December 2017 |
| 31.12.17 | 31.12.16 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 3 |
| Investments | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Capital redemption reserve | 10 |
| Retained earnings | 10 |
| Shareholders' funds |
| 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. |
| HELPERTON LIMITED (REGISTERED NUMBER: 01922362) |
| Balance Sheet - continued |
| 31 December 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved and authorised for issue by the Board of Directors on were signed on its behalf by: |
| HELPERTON LIMITED (REGISTERED NUMBER: 01922362) |
| Notes to the Financial Statements |
| for the year ended 31 December 2017 |
| 1. | Statutory information |
| Helperton Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| This is the first year in which the financial statements have been prepared under FRS 102. Transition to FRS |
| 102 has not resulted in any changes in accounting policies, amounts stated in the Statement of Comprehensive |
| Income or balances held in equity. |
| Key source of estimation, uncertainty and judgement |
| The preparation of financial statements in conformity with generally accepted accounting practice requires |
| management to make estimates and judgement that affect the reported amounts of assets and liabilities as well |
| as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of |
| revenues and expenses during the reporting period. |
| There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out |
| by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as |
| possible, there remains a risk that the policy does not match the useful life of the assets. |
| There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out |
| by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, |
| there remains a risk that the provisions do not match the actual tax liability when asset is disposed off. |
| There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is |
| carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are |
| as accurate as possible, there remains a risk that the provisions do not match the level of debts which |
| ultimately prove to be uncollectable. |
| 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 |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. 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 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. |
| HELPERTON LIMITED (REGISTERED NUMBER: 01922362) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2017 |
| 2. | Accounting policies - continued |
| 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. | Tangible fixed assets |
| Fixtures |
| Freehold | and | Motor |
| property | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 January 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2017 |
| Depreciation |
| At 1 January 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2017 |
| Net book value |
| At 31 December 2017 |
| At 31 December 2016 |
| 4. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost |
| At 1 January 2017 |
| and 31 December 2017 |
| Net book value |
| At 31 December 2017 |
| At 31 December 2016 |
| At 31 December 2017 investments comprise an investment in a subsidiary undertaking. The company's |
| investment in its subsidiary company of £51 represents the cost of acquisition of 51% of the ordinary share |
| capital of Retail Gateway Limited which provides the supply of electronic services. |
| At the year end the company's investment in FRII-World Limited of £460 represents the cost of acquisition of |
| 46% of the ordinary share capital. |
| HELPERTON LIMITED (REGISTERED NUMBER: 01922362) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2017 |
| 5. | Debtors: amounts falling due within one year |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Bank loans |
| 8. | Secured debts |
| The following secured debts are included within creditors: |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| The company's bankers hold a charge on the freehold property as security for the borrowings. |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.17 | 31.12.16 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | Reserves |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 January 2017 | 563,287 |
| Deficit for the year | ( |
) | ( |
) |
| At 31 December 2017 | 546,083 |
| HELPERTON LIMITED (REGISTERED NUMBER: 01922362) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2017 |
| 11. | Directors' advances, credits and guarantees |
| The following advances and credits to directors subsisted during the years ended 31 December 2017 and |
| 31 December 2016: |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |