REGISTERED NUMBER: 01370007 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WEST ELLA FINANCE LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Certified Accountants' Report

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

S M Bladon

F M Bladon

Mrs C M Jennings

Mrs R A Bladon

SECRETARY:

S M Bladon

REGISTERED OFFICE:

34 Middle Street South

Driffield

YO25 6PS

REGISTERED NUMBER:

01370007 (England and Wales)

ACCOUNTANTS:

Bradbury & Co

Chartered Tax Advisers and Accountants

Driffield

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Property trading.

During the year the company continued its business of acquiring stocks of properties for resale.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

S M Bladon

F M Bladon

Mrs C M Jennings

Mrs R A Bladon

POLITICAL DONATIONS AND EXPENDITURE

During the year the company made a political donation to the conservative party of £3,000 (2024 £500).

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S M Bladon - Director

12 December 2025

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of West Ella Finance Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of West Ella Finance Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of West Ella Finance Limited and state those matters that we have agreed to state to the Board of Directors of West Ella Finance Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that West Ella Finance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of West Ella Finance Limited. You consider that West Ella Finance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of West Ella Finance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bradbury & Co

Chartered Tax Advisers and Accountants

Driffield

12 December 2025

FIXED ASSETS

Tangible assets

4

74,438

40,005

Investments

5

1,269,520

1,424,672

1,343,958

1,464,677

CURRENT ASSETS

Stocks

37,755,761

36,430,881

Debtors

6

1,820,875

2,061,697

Cash at bank

652,557

38,446

40,229,193

38,531,024

CREDITORS

Amounts falling due within one year

7

(6,551,505

)

(5,900,157

)

NET CURRENT ASSETS

33,677,688

32,630,867

TOTAL ASSETS LESS CURRENT LIABILITIES

35,021,646

34,095,544

PROVISIONS FOR LIABILITIES

(18,600

)

(10,000

)

NET ASSETS

35,003,046

34,085,544

CAPITAL AND RESERVES

Called up share capital

496,251

496,251

Share premium

9

7,134,668

7,134,668

Retained earnings

9

27,372,127

26,454,625

SHAREHOLDERS' FUNDS

35,003,046

34,085,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

S M Bladon - Director

1.	STATUTORY INFORMATION

West Ella Finance Limited 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.

Turnover

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

Turnover comprises of the sale of trading properties which is accounted for upon the transfer of exchange of contracts. In addition other operating income comprises rental and sundry income which is accounted for on a receivable basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and Straight line over 6 years

Investments in associates

Investments in associates are recognised at cost or with the exception when there is an impairment in value this is reflected in the financial statements.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Other operating income

Other operating income includes rental income on properties held for resale. Rental income is recognised on the basis of occupancy of the properties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

97,762

Additions

73,492

Disposals

(49,434

)

At 31 March 2025

121,820

DEPRECIATION

At 1 April 2024

57,757

Charge for year

23,059

Eliminated on disposal

(33,434

)

At 31 March 2025

47,382

NET BOOK VALUE

At 31 March 2025

74,438

At 31 March 2024

40,005

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

1,424,672

Impairments

(155,152

)

At 31 March 2025

1,269,520

NET BOOK VALUE

At 31 March 2025

1,269,520

At 31 March 2024

1,424,672

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by associates

1,797,598

1,872,850

Other debtors

23,277

188,847

1,820,875

2,061,697

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,000,000

5,350,000

Taxation and social security

266,631

4,103

Other creditors

284,874

546,054

6,551,505

5,900,157

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

6,000,000

5,350,000

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2024

26,454,625

7,134,668

33,589,293

Profit for the year

1,007,502

1,007,502

Dividends

(90,000

)

(90,000

)

At 31 March 2025

27,372,127

7,134,668

34,506,795