Wela Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 15670214

		30 April 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		90,000

			90,000
CURRENT ASSETS
Cash at bank and in hand		75,639

		75,639
Creditors: Amounts Falling Due Within One Year	5	(170,406 )

NET CURRENT ASSETS (LIABILITIES)			(94,767 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(4,767 )

NET LIABILITIES			(4,767 )

CAPITAL AND RESERVES
Called up share capital	6		1
Profit and Loss Account			(4,768 )

SHAREHOLDERS' FUNDS			(4,767)

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Wela Properties Limited

Balance Sheet (continued)

As At 30 April 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Marcella Christiana McLean

Director

15 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Wela Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15670214 . The registered office is 167-169 Great Portland Street, London, W1W 5PF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.

2.3. Investment Properties

Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.

Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 1

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 22 April 2024	-
Additions	90,087
Revaluation	(87 )

As at 30 April 2025	90,000

Net Book Value
As at 30 April 2025	90,000

As at 22 April 2024	-

The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation.

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Wela Properties Limited

Notes to the Financial Statements (continued)

For the Period 22 April 2024 to 30 April 2025

5. Creditors: Amounts Falling Due Within One Year

	30 April 2025
	£
Accruals and deferred income	720
Director's loan account	169,686

	170,406

6. Share Capital

	30 April 2025
	£
Allotted, Called up and fully paid	1

7. Related Party Transactions

Included in creditors due within one year is an amount of £169,686 owed to its director. The amount is interest free and repayable on demand.

8. Ultimate Controlling Party

The company's ultimate controlling party is director by virtue of the ownership of 100% of the issued share capital in the company.

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