Company No: 15797371 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2026		31.03.2025
		£		£
Fixed assets
Tangible assets	3	26,888		7,304
Investment property	4	2,002,500		2,002,500
		2,029,388		2,009,804
Current assets
Debtors	5	12,446		54,917
Cash at bank and in hand		181,287		59,320
		193,733		114,237
Creditors: amounts falling due within one year	6	( 2,068,638)		( 2,089,318)
Net current liabilities		(1,874,905)		(1,975,081)
Total assets less current liabilities		154,483		34,723
Provision for liabilities	7	( 6,722)		( 1,826)
Net assets		147,761		32,897
Capital and reserves
Called-up share capital		200		200
Profit and loss account		147,561		32,697
Total shareholders' funds		147,761		32,897

For the financial period ending 31 March 2026 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 Profit and Loss Account has not been delivered.

The financial statements of Vellacott Holdings Limited (registered number: 15797371) were approved and authorised for issue by the Board of Directors on 04 September 2026. They were signed on its behalf by:

A J Vellacott 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

Vellacott Holdings Limited (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 Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the Company has net current liabilities of £1,868,422 but have a reasonable expectation that the Company has adequate resources. The directors will continue to support the company. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration receivable for rental income in the ordinary course of the company’s activities. Turnover is shown net of rebates and is recognised over the period of occupation.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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:

Fixtures and fittings

15 % 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.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	Year ended 31.03.2026		Period from 23.06.2024 to 31.03.2025
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	2		2

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 April 2025	7,639		7,639
Additions	21,162		21,162
At 31 March 2026	28,801		28,801
Accumulated depreciation
At 01 April 2025	335		335
Charge for the financial period	1,578		1,578
At 31 March 2026	1,913		1,913
Net book value
At 31 March 2026	26,888		26,888
At 31 March 2025	7,304		7,304

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	2,002,500
As at 31 March 2026	2,002,500

5. Debtors

	31.03.2026		31.03.2025
	£		£
Other debtors	12,446		54,917

6. Creditors: amounts falling due within one year

	31.03.2026		31.03.2025
	£		£
Trade creditors	22,580		3,253
Taxation and social security	45,795		11,909
Other creditors	2,000,263		2,074,156
	2,068,638		2,089,318

7. Deferred tax

	31.03.2026		31.03.2025
	£		£
At the beginning of financial period	( 1,826)		0
Charged to the Profit and Loss Account	( 4,896)		( 1,826)
At the end of financial period	( 6,722)		( 1,826)

8. Related party transactions

Other related party transactions

Amounts owing to the directors are £1,906,041 at the period ending 31 March 2026. The loan is included in other creditors, is repayable on demand and interest is payable to the directors at 4%.