Abbreviated Company Accounts - HELIX ESTATES LIMITED

HELIX ESTATES LIMITED - Company Information

07851249 HELIX ESTATES LIMITED 2016-11-30 false 2015-12-01 2016-11-30 true 07851249 2015-12-01 2016-11-30 07851249 2016-11-30 07851249 2015-11-30 07851249 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 07851249 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

Registered Number 07851249

HELIX ESTATES LIMITED

Abbreviated Accounts

30 November 2016

HELIX ESTATES LIMITED Registered Number 07851249

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,309,162	1,282,412
		1,309,162	1,282,412
Current assets
Debtors		275,000	-
Cash at bank and in hand		2,723	10,604
		277,723	10,604
Creditors: amounts falling due within one year	3	(69,304)	(1,042,409)
Net current assets (liabilities)		208,419	(1,031,805)
Total assets less current liabilities		1,517,581	250,607
Creditors: amounts falling due after more than one year	3	(1,703,225)	(382,000)
Total net assets (liabilities)		(185,644)	(131,393)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(185,744)	(131,493)
Shareholders' funds		(185,644)	(131,393)

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 August 2017

And signed on their behalf by:
D S Harouni, Director

HELIX ESTATES LIMITED Registered Number 07851249

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value of rent receivable during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Not being depreciated

2Tangible fixed assets

	£
Cost
At 1 December 2015	1,282,412
Additions	26,750
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	1,309,162
Depreciation
At 1 December 2015	0
Charge for the year	-
On disposals	-
At 30 November 2016	0
Net book values
At 30 November 2016	1,309,162
At 30 November 2015	1,282,412

Investment properties
The accounts are compliant with SSAP 19 which states that investment properties are not subject to periodic depreciation charges except for properties held on lease, which shall be depreciated at least over the period when the lease term is 20 years or less.

This is however a departure from Companies Act 2006 which states that fixed assets should be depreciated over their useful economic life.

FRSSE 2008 states that Investment Properties should be included in the Balance Sheet at their market value and the carrying value shall be displayed prominently either on the face of the Balance Sheet or in the notes.

3Creditors

	2016 £	2015 £
Secured Debts	1,733,626	1,403,000

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100