Sellata Limited Charity Accounts

COMPANY REGISTRATION NUMBER: 01474540

CHARITY REGISTRATION NUMBER: 285429

Sellata Limited

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2025

Sellata Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	3

Statement of financial activities (including income and expenditure account)	4

Statement of financial position	5

Notes to the financial statements	6

Sellata Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .

Reference and administrative details

Registered charity name	Sellata Limited

Charity registration number	285429

Company registration number	01474540

Principal office and registered	29 Fountayne Road
office	London
	N16 7EA

The trustees

	A Oberlander
	E Benedikt
	J Stern

Independent examiner	David Pollak
	158 Cromwell Road
	Salford
	M6 6DE

Structure, governance and management

Governing document

The charity is governed by its Memorandum and Articles of Association and was incorporated on 22nd January 1980.

Reserves

The trustees ensure that the charity has sufficient reserves to cover commitments over at least the next three months.

Risk management

The trustees confirm that there are no major risks to which the charity is exposed. The trustees have put in place systems to identify risks and review the systems regularly.

Organisation

The power to appoint new trustees is vested in the current board. New trustees are appointed based on personal competence, specialist skills and experience. They are inducted into the working of the charity by the current board and are encouraged to read the Charity Commission's various publications on trustees.

Objectives and activities

Public Benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The object of the charity is to receive income from property investments and to donate the remaining profit to charitable causes.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

The charity continued to collect income from its investments and distributed the surplus to charity.

Financial review

The charity continued to collect income from its investments. The trustees are satisfied with the results.

Plans for future periods

The trustees plan to continue the charities activities for the foreseeable future.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report and the strategic report were approved on 6 November 2025 and signed on behalf of the board of trustees by:

E Benedikt

Trustee

Sellata Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Sellata Limited

Year ended 31 March 2025

I report to the trustees on my examination of the financial statements of Sellata Limited ('the charity') for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Pollak Independent Examiner

158 Cromwell Road Salford M6 6DE

6 November 2025

Sellata Limited

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	–	–	2,550
Investment income	6	168,558	168,558	176,653
		---------	---------	---------
Total income		168,558	168,558	179,203
		---------	---------	---------

Expenditure

Expenditure on charitable activities	7,8	311,567	311,567	369,993
		---------	---------	---------
Total expenditure		311,567	311,567	369,993
		---------	---------	---------

	---------	---------	---------
Net expenditure and net movement in funds	( 143,009)	( 143,009)	( 190,790)
	---------	---------	---------

Reconciliation of funds

Total funds brought forward	3,316,155	3,316,155	3,506,945
	------------	------------	------------
Total funds carried forward	3,173,146	3,173,146	3,316,155
	------------	------------	------------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Sellata Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible fixed assets	15	–	1,149
Investments	16	3,166,919	3,371,162
		------------	------------
		3,166,919	3,372,311

Current assets

Cash at bank and in hand	7,227	4,833

Creditors: amounts falling due within one year	17	( 1,000)	( 60,989)
		-------	--------
Net current assets		6,227	( 56,156)
		------------	------------
Total assets less current liabilities		3,173,146	3,316,155
		------------	------------
Net assets		3,173,146	3,316,155
		------------	------------

Funds of the charity

Unrestricted funds		3,173,146	3,316,155
		------------	------------
Total charity funds	18	3,173,146	3,316,155
		------------	------------

For the year ending 31 March 2025 the charity 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 6 November 2025 , and are signed on behalf of the board by:

E Benedikt

Trustee

Sellata Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 29 Fountayne Road, London, N16 7EA.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the process of applying the entity's accounting policies no significant judgements or key sources of estimation were made by management that have the any significant effect on the amounts recognised in the financial statements.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The company is limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

5. Donations and legacies

Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

Donations	–	–	2,550	2,550
	----	----	-------	-------

6. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Other interest receivable	168,558	168,558	176,653	176,653
	---------	---------	---------	---------

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Charitable activity	308,545	308,545	367,541	367,541
Support costs	3,022	3,022	2,452	2,452
	---------	---------	---------	---------
	311,567	311,567	369,993	369,993
	---------	---------	---------	---------

8. Expenditure on charitable activities by activity type

	Grant funding of activities	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Charitable activity	308,545	2,022	310,567	368,493
Governance costs	–	1,000	1,000	1,500
	---------	-------	---------	---------
	308,545	3,022	311,567	369,993
	---------	-------	---------	---------

9. Analysis of support costs

	Analysis of support costs	Total 2025	Total 2024
	£	£	£
Communications and IT	152	152	120
General office	415	415	287
Finance costs	306	306	343
Governance costs	1,000	1,000	1,500
Depreciation	1,149	1,149	202
	-------	-------	-------
	3,022	3,022	2,452
	-------	-------	-------

10. Analysis of grants

	2025	2024
	£	£

Grants to institutions

The Rehabilitation Trust (Wlodowa)	15,000	22,000
Chevras Machzikei Mesifta	18,300	17,450
Low Cost Living Ltd	10,000	22,000
Satmar Kolel	700	17,770
Chasdei Aharon Ltd	–	10,000
British Friends of the Rabbi Meir Baal Haness (K.S.H.)	8,430	21,160
Chevras Mo'oz Ladol	–	500
Inspiration	–	10,000
Success Stories	6,000	–
Congregation Kol Yehudah	–	5,750
UTRY Ltd	150	2,560
College for Higher Rabbinical Studies	–	10,000
Other grants under £12,000	143,575	154,370
Friends of Beis Soro Schneirer	15,000	20,000
Lending Hope Ltd	15,000	12,000
Merkaz Hatorah Belz Macnivka	13,000	15,000
Mifal Tzedaka Vchesed	15,000	20,000
Bait Limud Vchesed	15,000	–
Bnois Jerusalem Schools	15,000	–
One Heart - Lev Echod	15,000	–
	---------	---------
	305,155	360,560

Grants to individuals

Grants under £5,000	3,390	5,936
	---------	---------
Total grants	308,545	366,496
	---------	---------

11. Net expenditure

Net expenditure is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets	1,149	202
	-------	----

12. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	1,000	2,000
	-------	-------

13. Staff costs

The average head count of employees during the year was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

14. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

15. Tangible fixed assets

	Fixtures and fittings
	£
Cost
At 1 April 2024 and 31 March 2025	7,068
	-------
Depreciation
At 1 April 2024	5,919
Charge for the year	1,149
	-------
At 31 March 2025	7,068
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	1,149
	-------

16. Investments

	Cash or cash equivalents
	£
Cost or valuation
At 1 April 2024	3,371,162
Additions	–
Fair value movements	(204,243)
	------------
At 31 March 2025	3,166,919
	------------
Impairment
At 1 April 2024 and 31 March 2025
Carrying amount
At 31 March 2025	3,166,919
	------------
At 31 March 2024	3,371,162
	------------

All investments shown above are held at valuation.

Investments relate to a long term cash loan which carries a fixed rate of interest of 5%.

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	1,000	2,000
Director loan accounts	–	38,537
Other creditors	–	20,452
	-------	--------
	1,000	60,989
	-------	--------

18. Analysis of charitable funds

Unrestricted funds

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
General funds	3,316,155	168,558	(311,567)	3,173,146
	------------	---------	---------	------------

	At 1 April 2023	Income	Expenditure	At 31 March 2024
	£	£	£	£
General funds	3,506,945	179,203	(369,993)	3,316,155
	------------	---------	---------	------------

19. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Tangible fixed assets	–	–
Investments	3,166,919	3,166,919
Current assets	7,227	7,227
Creditors less than 1 year	(1,000)	(1,000)
	------------	------------
Net assets	3,173,146	3,173,146
	------------	------------

	Unrestricted Funds	Total Funds 2024
	£	£
Tangible fixed assets	1,149	1,149
Investments	3,371,162	3,371,162
Current assets	4,833	4,833
Creditors less than 1 year	(60,989)	(60,989)
	------------	------------
Net assets	3,316,155	3,316,155
	------------	------------

20. Related parties

Mr E Benedikt , a trustee of Sellata Limited , is also a director of Bestgreat Ltd and Abaris Limited. Mr E Benedikt and his wife Mrs N Benedikt each own 50% of the shares of Bestgreat Ltd, which in turn owns 100% of the shares of Abaris Limited. Sellata Limited is also the legal owner of properties in trust on behalf of Abaris Limited, the beneficial owners of these properties. In previous years, Mr E Benedikt made short term loans of £38,537 to the charity and Abaris Limited made short term loans of £15,600 to the charity. These loans were repaid in full by the year end. On 13 Nov 2020 Sellata Limited made a £3,533,060 5-year long-term cash loan to Bestgreat Ltd as an investment which carries a fixed rate of interest of 5% p.a. Bestgreat Ltd made £168,558 interest payments and a further £204,243 net repayments to Sellata Limited in the year. £3,166,919 was still outstanding at the year end. On 20 Oct 2025 the parties extended the loan term on the £3,166,919 revised principal for a further 5 years to 13 Nov 2030, carrying a fixed rate of interest of 5% p.a. and with an an exit clause after 13 Nov 2028.