Helix Topco Limited
Unaudited Financial Statements
For the year ended 31 December 2021
PAGES FOR FILING WITH REGISTRAR
Company Registration No. 11350325 (England and Wales)
Helix Topco Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
Helix Topco Limited
Balance Sheet
As at 31 December 2021
Page 1
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
4
216
216
Capital and reserves
Called up share capital
6
216
216
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 July 2022
Mr R W Fell
Director
Company Registration No. 11350325
Helix Topco Limited
Statement of Changes in Equity
For the year ended 31 December 2021
Page 2
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2020
216
216
Year ended 31 December 2020:
Profit and total comprehensive income for the year
-
110,000
110,000
Dividends
-
(110,000)
(110,000)
Balance at 31 December 2020
216
216
Year ended 31 December 2021:
Profit and total comprehensive income for the year
-
209,000
209,000
Dividends
-
(209,000)
(209,000)
Balance at 31 December 2021
216
216
Helix Topco Limited
Notes to the Financial Statements
For the year ended 31 December 2021
Page 3
1
Accounting policies
Company information
Helix Topco Limited is a
private
company
limited by shares
incorporated
and domiciled
in
England and Wales
.
The registered office is
Suite 6, Audley House, 9 North Audley Street, London, W1K 6ZD.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Going concern
The director is closely monitoring the
true
continued
impact of COVID-19 pandemic on the company's ability to
continue to trade and action will be taken if required. Due to the nature of the
business,
being a holding company
, the impact of the pandemic has been limited thus far, and the director is confident
the
company can continue to trade into the foreseeable future.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.4
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Helix Topco Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2021
Page 4
2
Employees
The average monthly number of persons including directors) employed by the company during the year
was nil (2020: nil).
3
Interest receivable and similar income
2021
2020
£
£
Interest receivable and similar income includes the following:
Income from shares in group undertakings
209,000
110,000
4
Fixed asset investments
2021
2020
£
£
Shares in group undertakings and participating interests
216
216
5
Subsidiaries
Details of the company's subsidiaries at 31 December 2021 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Helix Property Group Limited
England
Ordinary
100.00
6
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of 54p each
-
-
216
216
7
Related party transactions
The
c
ompany has taken advantage of the exemption granted within Section 33 of FRS 102, which does not require
d
isclosure of transactions between a subsidiary undertaking and other
g
roup undertakings.
Dividends totalling £209,000 (2020: £110,000) were paid in the year in respect of shares held by the company's director.
8
Parent company
The ultimate controlling party is R W Fell by virtue of his majority shareholding in the group.