Helical Bicycle 1 Limited

Other letting and operating of own or leased real estate · London

ActiveUnited KingdomIncorporated 2021Private Limited Company

Financial position

Accounts to 2026-03-31 · GBP · Company accounts

Net assets

—

Cash

£54,081

Turnover

—

Profit / loss

−£11,682

Current assets

£17,555,098

Creditors < 1 year

£113,062,137

Equity

£24,833,355

Average employees

Not available

GBP · company

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2026-03-31Company · AI-read	2025-03-31Company · AI-read
Balance sheet
Equity	£24,833,355	£24,845,037
Share capital	£92,964,490	£92,964,490
Retained earnings	−£68,981,135	−£68,969,453
Assets
Fixed assets	£120,340,394	£96,080,823
Investments	£120,340,394	£96,080,823
Current assets	£17,555,098	£26,006,557
Cash at bank	£54,081	£163,884
Debtors	£17,501,017	£25,842,673
Liabilities
Creditors within one year	£113,062,137	£97,242,343
Net current assets	−£95,507,039	−£71,235,786
Assets less current liabilities	£24,833,355	£24,845,037
Profit & loss
Administrative expenses	£15,300	£19,126
Operating profit	−£15,300	−£19,126
Interest receivable	£3,967	£21,743
Interest payable	£89	—
Profit before tax	−£11,422	£344,613
Tax	£260	£5,453
Profit / loss	−£11,682	£339,160
Operating costs
Audit fees	£5,400	£5,150
Source evidence	View filing	View filing

What the accounts for 2026-03-31 say about themselves, read by AI from the scanned filing.

Subsidiaries (2)

Helical Bicycle 3 Limited · 100% · United Kingdom, 22 Ganton Street, London, W1F 7FD · Property investment
Helical Bicycle Development Limited · 100% · United Kingdom, 22 Ganton Street, London, W1F 7FD · Property development

Related parties (5)

Helical Bicycle 3 Limited · subsidiary · Amount owed to the company under a formal loan agreement · £95,180,184 (2025: £96,080,819)
Helical Bicycle 3 Limited · subsidiary · Amount owed by the company · £1,421,187 (2025: was due £24,589,021)
Helical plc · joint owner and controller · Amount owed by the company · £48,873,392 (2025: £48,278,405)
Orion Velocity 1 Limited · joint venture partner; 50% owner · Amount owed by the company · £48,873,392 (2025: £48,278,405)
Helical Bicycle Development Limited · subsidiary · Amount due to the company · £856,781 (2025: owed £680,080)

Borrowings (3)

Shareholder loans · 97,746,785 · interest free · repayable on demand
Other loans (amount received from State Street Corporation) · 13,893,905 · interest free · repayable 60 days after completion occurs under the FSA; repaid on 20 May 2026
Amounts owed to group undertakings · 1,421,187 · interest free · repayable on demand

Share classes (2)

Events after the year end (3)

On 20 May 2026, the company completed on the sale of its subsidiary, Helical Bicycle 3 Limited, to State Street Corporation for total sales proceeds of £198m.
On 1 June 2026, the company proceeded with a formal share capital reduction, reducing its share capital to £2.01 in the form of one £1 'A' Ordinary share, one £1 'B' Ordinary share and one 1p 'C' Ordinary share.
On 25 August 2026, the company also went through a formal process to extinguish its share premium account.

Contingent liabilities (1)