Company No: 09557037 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	371,936		92,352
Investment property	4	11,705,813		7,654,563
		12,077,749		7,746,915
Current assets
Debtors	5	698,002		803,235
Cash at bank and in hand		2,976,269		164,564
		3,674,271		967,799
Creditors: amounts falling due within one year	6	( 501,357)		( 1,751,329)
Net current assets/(liabilities)		3,172,914		(783,530)
Total assets less current liabilities		15,250,663		6,963,385
Creditors: amounts falling due after more than one year	7	( 3,428,357)		( 528,876)
Provision for liabilities		( 1,452,389)		( 513,040)
Net assets		10,369,917		5,921,469
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		10,369,817		5,921,369
Total shareholders' funds		10,369,917		5,921,469

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Nella Properties Ltd (registered number: 09557037) were approved and authorised for issue by the Board of Directors on 03 October 2025. They were signed on its behalf by:

M P P Nella Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Nella Properties Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Murray House, Murray Road, Orpington, BR5 3QY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Leasehold improve- ments		Vehicles		Total
	£		£		£
Cost
At 01 May 2024	25,687		83,790		109,477
Additions	0		310,000		310,000
At 30 April 2025	25,687		393,790		419,477
Accumulated depreciation
At 01 May 2024	0		17,125		17,125
Charge for the financial year	0		30,416		30,416
At 30 April 2025	0		47,541		47,541
Net book value
At 30 April 2025	25,687		346,249		371,936
At 30 April 2024	25,687		66,665		92,352

4. Investment property

	Investment property
	£
Valuation
As at 01 May 2024	7,654,563
Additions	311,500
Fair value movement	3,739,750
As at 30 April 2025	11,705,813

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	5,896,257		5,584,757

5. Debtors

	2025		2024
	£		£
Trade debtors	5,050		31,091
Other debtors	692,952		772,144
	698,002		803,235

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	268,924		65,502
Amounts owed to Group undertakings	0		899,528
Taxation and social security	58,364		568,075
Other creditors	174,069		218,224
	501,357		1,751,329

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	3,428,357		528,876

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
70 Ordinary shares of £ 1.00 each	70		70
5 Ordinary F shares of £ 1.00 each	5		5
5 Ordinary E shares of £ 1.00 each	5		5
5 Ordinary D shares of £ 1.00 each	5		5
5 Ordinary C shares of £ 1.00 each	5		5
5 Ordinary B shares of £ 1.00 each	5		5
5 Ordinary A shares of £ 1.00 each	5		5
	100		100

Reserves

The profit and loss account includes £4,573,594 (2024: £1,539,118) of non-distributable reserves relating to the revaluation of investment properties

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts due from directors	189,570		748,411

During the year the company made advances of £2,547,621 (2024: £748,411) and repayments of £3,106,462 (2023: £Nil).

The loans are unsecured, repayable on demand and provided interest free.