WELLAN LTD

Company Registration Number:
15187274 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 04 October 2023

End date: 31 October 2024

WELLAN LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

WELLAN LTD

Company Information

for the Period Ended 31 October 2024




Registered office: 29
Sanders Road
Quorn
Loughborough
Leicestershire
GBR
LE12 8JN
Company Registration Number: 15187274 (England and Wales)

WELLAN LTD

Balance sheet

As at 31 October 2024


Notes
13 months to
31 Oct 2024
£
Fixed assets
Tangible assets: 4 279,294
Total fixed assets: 279,294
Current assets
Cash at bank and in hand: 32
Total current assets: 32
Prepayments and accrued income: 152
Creditors: amounts falling due within one year: 5 ( 270,146 )
Net current assets (liabilities): ( 269,962 )
Total assets less current liabilities: 9,332
Total net assets (liabilities): 9,332

The notes form part of these financial statements

WELLAN LTD

Balance sheet continued

As at 31 October 2024


Notes
13 months to
31 Oct 2024
£
Capital and reserves
Called up share capital: 20
Profit and loss account: 9,312
Shareholders funds: 9,332

For the year ending 31 October 2024 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 19 June 2025
And Signed On Behalf Of The Board By:

Name: Mr Neil Harris
Status: Director

The notes form part of these financial statements

WELLAN LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rent. Rental income is recognised in the period to which it relates.

    Tangible fixed assets depreciation policy

    No depreciation is charged on investment property.

    Other accounting policies

    General Information: The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Sanders Road, Quorn, Loughborough, LE12 8JN. Basis of preparation: The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Investment Property: Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the profit and loss. No depreciation is charged on investment property. Taxation: The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognisable on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Financial Instruments: A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

WELLAN LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    13 months to
    31 Oct 2024
    Average number of employees during the period 3

WELLAN LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

WELLAN LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible assets

Land & buildings Total
Cost £ £
Additions 279,294 279,294
Disposals - -
Revaluations - -
Transfers - -
At 31 October 2024 279,294 279,294
Depreciation
Charge for year - -
On disposals - -
Other adjustments - -
At 31 October 2024 - -
Net book value
At 31 October 2024 279,294 279,294

The land & buildings consist of an investment property purchased during the period for market value and initially recognised at cost. It is the opinion of the directors that the fair value of the investment property at the balance sheet date is not materially different to that of the recorded cost value.

WELLAN LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5.Creditors: amounts falling due within one year note

13 months to
31 Oct 2024
£
Other creditors 270,146
Total 270,146

WELLAN LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

6.1.Related party disclosures

Name of related party: Directors
Description of relationship:
Directors of the company.
Description of the transaction:
At the balance sheet date, the company owed the directors £267,959.
Balance at 31 October 2024 267,959