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REGISTERED NUMBER: 11278863 (England and Wales)

| WELLAND HOUSE LTD |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

WELLAND HOUSE LTD (REGISTERED NUMBER: 11278863)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

WELLAND HOUSE LTD

COMPANY INFORMATION

for the year ended 31 March 2025

| DIRECTORS: | Mr G F Potton

| Mr O M H Bonavero

| REGISTERED OFFICE: | Ashbourne House

| The Guildway

| Old Portsmouth Road

| Guildford

| Surrey

| GU3 1LR

| REGISTERED NUMBER: | 11278863 (England and Wales)

| AUDITORS: | Fairhurst Audit Services Ltd

| Chartered Accountants

| Statutory Auditor

| Douglas Bank House

| Wigan Lane

| Wigan

| Lancashire

| WN1 2TB

WELLAND HOUSE LTD (REGISTERED NUMBER: 11278863)

BALANCE SHEET

31 March 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 59,120 |  | 59,529 |  |

CURRENT ASSETS

Debtors | 5 | 839,860 |  | 829,976 |  |

CREDITORS

Amounts falling due within one year | 6 | (9,400 | ) | (4,365 | ) |

NET CURRENT ASSETS | 830,460 |  | 825,611 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 889,580 |  | 885,140 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1,002 |  | 1,002 |  |

Retained earnings | 888,578 |  | 884,138 |  |

SHAREHOLDERS' FUNDS | 889,580 |  | 885,140 |  |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

Mr G F Potton - Director

WELLAND HOUSE LTD (REGISTERED NUMBER: 11278863)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 March 2025

1. | STATUTORY INFORMATION

| Welland House Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going concern

| The directors have reviewed the company's strategic plans and cash flow forecasts and are satisfied that, with shareholder support, as acknowledged in the support letter received from the shareholder dated 28 August 2025, the company can meet its liabilities as they fall due. Accordingly, for a period of 12 months following the approval of the financial statements, the directors will continue to adopt the going concern basis in their preparation.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue from residential property sales is recognised at the completion date.

| Revenue in respect of ground rent represents net ground rent received, excluding value added tax.

| Tangible fixed assets

| The Ground leases have been granted for a period of 150 years. The value has been calculated using a discounted cash flow of the annual rent expected over the period of the lease.

| Depreciation is provided over the period of the lease.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

WELLAND HOUSE LTD (REGISTERED NUMBER: 11278863)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. All financial assets and liabilities are initially measured at transaction price (Including transaction cost). The company has no financial assets measured at fair value through profit or loss. All subsequent remeasurement of financial assets and liabilities are recognised at amortised cost using the effective interest rate method.

| The company has no non-basic financial instruments.

| Customer care

| The company undertakes to make good, by repair or replacement, manufacturing defects that become apparent within two years from the date of sale. These costs are recognised in the period in which they arise.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

Ground |

leases |

| £

| COST

| At 1 April 2024

| and 31 March 2025 | 61,265 |  |

| DEPRECIATION

| At 1 April 2024 | 1,736 |  |

| Charge for year | 409 |  |

| At 31 March 2025 | 2,145 |  |

| NET BOOK VALUE

| At 31 March 2025 | 59,120 |  |

| At 31 March 2024 | 59,529 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Amounts owed by group undertakings | 839,728 |  | 828,279 |  |

| Other debtors | 132 |  | 1,697 |  |

839,860 |  | 829,976 |  |

WELLAND HOUSE LTD (REGISTERED NUMBER: 11278863)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 March 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade creditors | 1,028 |  | 65 |  |

| Taxation and social security | 1,616 |  | - |  |

| Other creditors | 6,756 |  | 4,300 |  |

9,400 |  | 4,365 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: |  | Class: |  | Nominal value |  | 2024 |  |  | 2023 |  |

|  | £ |  |  | £ |  |

| 2 |  | A Ordinary |  | £1 |  | 2 |  |  | 2 |  |

| 10,000 |  | B Ordinary |  | 10p |  | 1,000 |  |  | 1,000 |  |

|  | 1,002 |  |  | 1,002 |  |

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Louise Webster (Senior Statutory Auditor)

| for and on behalf of Fairhurst Audit Services Ltd

9. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group, where permissible.

10. | ULTIMATE CONTROLLING PARTY

| The SCOP 2003 Trust, registered in Switzerland, has been the ultimate controlling party for the duration of the accounting period.

11. | IMMEDIATE PARENT COMPANY

| The immediate parent company is Sigma Homes Limited, a company registered in England and Wales. The consolidated financial statements for Sigma Homes Limited can be obtained from the immediate parent's registered office: Ashbourne House, The Guildway, Old Portsmouth Road, Guildford, Surrey, GU3 1LR.