Directors Report 1

Directors' report for the year ended 31 December 2017 2
Income statement 7
Statement of financial position 8
Statement of changes in equity 9
Notes to the financial statements 10
Registered Number 08445120 Weybourne Finance Limited
Strategic report for the period ended 31 December 2017
Business review The principal activities of the Company are those of a finance and treasury company providing treasury management services to entities under common control and related parties. The main sources of income for the Company are interest charged on monies lent and interest earnt on funds deposited. The results for the period show the profit on ordinary activities before taxation was ?1,181,000 (2016: ?1,922,000). At the period end, the Company had net assets of ?122,793,000 (2016: ?121,839,000). There are no other key performance indicators.
Financial risk management The Company's principal financial risks are those relating to foreign exchange, interest rates, commodity, credit and liquidity. The aim of the Company's financial risk management policies is to optimise financial performance by managing and mitigating those risks in the most cost-effective manner.

On behalf of the board on 26 June 2018

C Tucker Director

1.0 Registered Number 08445120 Weybourne Finance Limited
Directors' report for the year ended 31 December 2017
The directors present their annual report together with the audited financial statements of Weybourne Finance Limited (the "Company") for the year ended 31 December 2017. The directors have taken advantage of the reduced disclosure requirements permitted for small companies by s416 and s417 of the Companies Act 2006.
Principal activities The principal activities of the Company are those of a finance and treasury company. The Company provides unsecured lending under term loans, working capital facilities and foreign exchange facilities as well as cash management services, treasury consultancy and support to entities under common control and related parties. This is expected to continue for the foreseeable future.
Directors The directors who held office during the year and up to the date of signing the financial statements were as follows:
Sir J Bucknall I Hubbard A Coghlan (resigned 20 December 2017) C Tucker (appointed 4 October 2017)
Directors' indemnities During the year and up to the date of approval of the directors' report, Weybourne Finance Limited had in place qualifying third party indemnity provisions available for the benefit of directors of the Company.
Statement of directors' responsibilities The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the profit or loss of the Company for that year. In preparing these financial statements, the directors are required to:
?select suitable accounting policies and then apply them consistently; ?make judgments and accounting estimates that are reasonable and prudent; ?state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and ?prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to the auditor So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information, being information needed by the auditor in connection with preparation of its report, of which the auditors are unaware. Having made enquiries of fellow directors and the Company's auditor, each director has taken all the steps that he is obliged to take as a director in order to make himself aware of any relevant audit information and to establish that the auditors are aware of that information.

2.0 Registered Number 08445120 Weybourne Finance Limited
Directors' report for the year ended 31 December 2017 (continued)
Independent auditor Ernst & Young LLP has indicated its willingness to continue in office and was reappointed as auditor of the Company.
On behalf of the board on 26 June 2018

C Tucker Director

3.0
Independent auditor's report to the members of Weybourne Finance Limited
Opinion We have audited the financial statements of Weybourne Finance Limited for the year ended 31 December 2017 which comprise the profit and loss account, the balance sheet, statement of changes in equity and the related notes 1 to 13, including a summary of significant accounting policies The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
?give a true and fair view of the company's affairs as at 31 December 2017 and of its profit for the year then ended; ?have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ?have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report below. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
.Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
?the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or ?the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in this report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material

4.0 misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of the other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit:
?the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ?the strategic report and directors' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or directors' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

?adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or ?the financial statements are not in agreement with the accounting records and returns; or ?certain disclosures of directors' remuneration specified by law are not made; or ?we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

5.0 A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at https://www.frc.org.uk/auditorsresponsibilities.This description forms part of our auditor's report.
Use of our report This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Chris Gilbert (Senior statutory auditor) for and on behalf of Ernst & Young LLP, Statutory Auditor Bristol 2:1 June 2018

6.0 Registered Number 08445120 Weybourne Finance Limited

Directors Report 2

Directors' report for the year ended 31 December 2016 1
Independent auditors' report to the members of Weybourne Finance Limited 3
Income statement 5
Statement of financial position 6
Statement of changes in equity 7
Notes to the financial statements 8
Registered Number 08445120 Weybourne Finance Limited
Directors' report for the year ended 31 December 2016
The directors present their annual report together with the audited financial statements of Weybourne Finance Limited (the "Company") for the year ended 31 December 2016. The directors have taken advantage of the reduced disclosure requirements permitted for small companies by s416 and s417 of the Companies Act 2006.
Principal activities The principal activities of the Company are those of a finance and treasury company. The Company provides secured lending under revolving credit facilities and term loans. It also provides unsecured working capital facilities and foreign exchange facilities as well as cash management services, treasury consultancy and support.
Directors The directors who held office during the year and up to the date of signing the financial statements were as follows:
Sir James Bucknall Ian Hubbard Martyn Smith (resigned 28 March 2017) Anne Coghlan (appointed 16 March 2017)
Directors' indemnities During the year and up to the date of approval of the directors' report, Weybourne Group Limited had in place qualifying third party indemnity provisions available for the benefit of directors of the Company.
Statement of directors' responsibilities The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the profit or loss of the Company for that year. In preparing these financial statements, the directors are required to:
?select suitable accounting policies and then apply them consistently; ?make judgments and accounting estimates that are reasonable and prudent; ?state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and ?prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to the auditor So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information, being information needed by the auditor in connection with preparation of its report, of which the auditors are unaware. Having made enquiries of fellow directors and the Company's auditor, each director has taken all the steps that he is obliged to take as a director in order to make himself aware of any relevant audit information and to establish that the auditors are aware of that information. Registered Number 08445120 Weybourne Finance Limited
Directors' report for the year ended 31 December 2016 (continued)
Independent auditor Ernst & Young LLP has indicated its willingness to continue in office and was reappointed as auditor of the Company.
By order of the Board

Sir James Bucknall Director 2017-07-05 00:00:00

2.0
Independent auditors' report to the members of Weybourne Finance Limited
We have audited the financial statements of Weybourne Finance Limited ("the Company") for the period ended 31 December 2016 which comprise income statement, the statement of financial position, the statement of changes in equity, and the related notes 1 to 16. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we may state to the Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditor As explained more fully in the directors' responsibilities statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.
Scope of the audit of the financial statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of whether the accounting policies are appropriate to the Company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the strategic report and directors' report to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
Opinion on financial statements In our opinion the financial statements:
?give a true and fair view of the state of the Company's affairs as at 31 December 2016 and of its profit for the period then ended; ?have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"; and ?have been prepared in accordance with the requirements of the Companies Act 2006.
Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit:
?the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ?the Directors' Report have been prepared in accordance with applicable legal requirements.

3.0
Independent auditors' report to the members of Weybourne Properties Limited (continued)
Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
?adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ?the financial statements are not in agreement with the accounting records and returns; or ?certain disclosures of directors' remuneration specified by law are not made; or ?we have not received all the information and explanations we require for our audit; or ?the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in not preparing the Strategic Report and take advantage of the small companies' exemption in preparing the Directors' Report.
6,4

Chris Gilbert for and on behalf of Ernst & Young LLP, Statutory Auditor Bristol to July 2017

4.0
Registered Number 08445120 Weybourne Finance Limited