Company No: 14968544 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Lee David Wright
	Sophie Kate Sinclair Wright

REGISTERED OFFICE	313 Filey Road
	Scarborough
	YO11 3JG
	United Kingdom

COMPANY NUMBER

14968544 (England and Wales)

ACCOUNTANT	Ian Walker & Co
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ
	United Kingdom

	Note	31.10.2025		30.06.2024
		£		£
Fixed assets
Tangible assets	3	587,905		0
		587,905		0
Current assets
Stocks	4	494		221,892
Debtors	5	48,987		0
Cash at bank and in hand	6	4,060		3
		53,541		221,895
Creditors: amounts falling due within one year	7	( 72,826)		( 221,422)
Net current (liabilities)/assets		(19,285)		473
Total assets less current liabilities		568,620		473
Creditors: amounts falling due after more than one year	8	( 567,852)		0
Net assets		768		473
Capital and reserves
Called-up share capital	9	2		2
Profit and loss account		766		471
Total shareholders' funds		768		473

For the financial period ending 31 October 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 period 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Cello Properties Ltd (registered number: 14968544) were approved and authorised for issue by the Board of Directors on 15 June 2026. They were signed on its behalf by:

Sophie Kate Sinclair Wright Director

1. Accounting policies

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

General information and basis of accounting

Cello 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 313 Filey Road, Scarborough, YO11 3JG, 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 £.

Reporting period length

The accounting period has been extended to 16 months

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.

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:

Investment property	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.

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 Statement of Income and Retained Earnings 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 the directors, on an open market value for existing use basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	Period from 01.07.2024 to 31.10.2025		Period from 28.06.2023 to 30.06.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	2		2

3. Tangible assets

	Investment property		Vehicles		Total
	£		£		£
Cost
At 01 July 2024	0		0		0
Additions	582,019		6,278		588,297
At 31 October 2025	582,019		6,278		588,297
Accumulated depreciation
At 01 July 2024	0		0		0
Charge for the financial period	0		392		392
At 31 October 2025	0		392		392
Net book value
At 31 October 2025	582,019		5,886		587,905
At 30 June 2024	0		0		0

4. Stocks

	31.10.2025		30.06.2024
	£		£
Work in progress	494		221,892

5. Debtors

	31.10.2025		30.06.2024
	£		£
Other debtors	48,987		0

6. Cash and cash equivalents

	31.10.2025		30.06.2024
	£		£
Cash at bank and in hand	4,060		3

7. Creditors: amounts falling due within one year

	31.10.2025		30.06.2024
	£		£
Bank loans	0		85,828
Taxation and social security	9,411		119
Other creditors	63,415		135,475
	72,826		221,422

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

	31.10.2025		30.06.2024
	£		£
Bank loans	567,852		0

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	31.10.2025		30.06.2024
	£		£
Bank loans	567,852		0

9. Called-up share capital

	31.10.2025		30.06.2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2