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REGISTERED NUMBER: 13313382 (England and Wales)















Financial Statements for the Period 1 October 2023 to 31 December 2024

for

Weroad UK Ltd

Weroad UK Ltd (Registered number: 13313382)






Contents of the Financial Statements
for the Period 1 October 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Weroad UK Ltd

Company Information
for the Period 1 October 2023 to 31 December 2024







DIRECTORS: Andrea D'Amico
Elena Giombelli





REGISTERED OFFICE: 1 Wework Moor Place, Fore Street Avenue,
London
EC2Y 9DT





REGISTERED NUMBER: 13313382 (England and Wales)





AUDITORS: Merali's
Chartered Accountants & Statutory Auditors
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ

Weroad UK Ltd (Registered number: 13313382)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,513,609 1,588,482
Cash at bank 822,789 264,609
2,336,398 1,853,091
CREDITORS
Amounts falling due within one year 5 (1,471,920 ) (758,930 )
NET CURRENT ASSETS 864,478 1,094,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

864,478

1,094,161

CREDITORS
Amounts falling due after more than one year 6 (552,589 ) (488,628 )
NET ASSETS 311,889 605,533

CAPITAL AND RESERVES
Called up share capital 7,094,809 4,256,949
Retained earnings (6,782,920 ) (3,651,416 )
311,889 605,533

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:





Andrea D'Amico - Director


Weroad UK Ltd (Registered number: 13313382)

Notes to the Financial Statements
for the Period 1 October 2023 to 31 December 2024

1. STATUTORY INFORMATION

Weroad UK Ltd 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 when the tour is completed (when tour returns).

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
Business is relatively new and in the initial phase, hence revenues, margins and admin expenses are fluctuating and not fully matured yet. Nonetheless, revenues, gross profit margins and liquidity have all improved significantly in the period.
After making enquiries, the directors have formed a judgement at the time of approving the financial statements, that there is a reasonable expectation that the company & group have adequate resources together with positive gross profits to enable the company to continue in its operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2023 - 9 ) .

Weroad UK Ltd (Registered number: 13313382)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 463,455 422,681
Amounts owed by group undertakings 30,644 476
Other debtors 222,900 298,000
Creditors having debit balance 196,255 -
VAT 173,685 11,426
Deferred tax asset 426,670 853,340
Prepayments - 2,559
1,513,609 1,588,482

Trade debtors relate to amounts for trips booked but not yet returned and serve as a control account against deferred revenue.

Other debtors includes medium term, more then 1 year travel bonds receivable of £183,000 (2023: £183,000) for ABTA & £39,900 (2023: £100,000) for ATOL.

Deferred tax on losses is considered a medium-term item, as it is expected to reverse in more than 1 year against future taxable profits.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 377,661 11,541
Social security and other taxes 11,330 6,056
Pension Payable - 12,299
Other creditors 423 -
Accrued expenses 53,850 33,479
Deferred Income 1,028,656 695,555
1,471,920 758,930

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 552,589 488,628

7. DEFERRED TAX
£   
Balance at 1 October 2023 (853,340 )
Charge to Income Statement during period 426,670
Balance at 31 December 2024 (426,670 )

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

MPK Merali (Senior Statutory Auditor)
for and on behalf of Merali's

Weroad UK Ltd (Registered number: 13313382)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 31 December 2024

9. RELATED PARTY DISCLOSURES

One day group in Italy was the controlling party of the company, but no longer the controlling party since Dec 2023 as they effectively owns 42%.

Weroad S.R.L, Italy is parent company of Weroad UK Ltd.

Related party transactions with Weroad S.R.L for the period ended 31th December 2024 are as below:

Recharges of direct costs by Weroad S.R.L during the the period are £1,604,819 (2023: £994,351).
Recharges of coordinator costs by Weroad Swiss during the period are £347,994 (2023: £Nil).
Recharges of coordinator costs by Weroad S.R.L during the period are £115,600 (2023: £286,965).
Recharges of advertising and marketing costs by Weroad S.R.L during the period are £962,620 (2023: £853,183)
Management charges by Weroad S.R.L as per service agreement are £310,510 (2023: £395,494)
Interest on loan payable to Weroad S.R.L during the period is £14,550 (2023: £17,185)

During the period, £23,069 was recharged by WeRoad Spain for Marketing Team labour costs.

Related party balances as at period ended 31st December 2024 with Weroad S.R.L resulted from above transactions is as below:

Amount of loan payable to Weroad S.R.L is £552,589 (2023: £488,628). Loan is interest bearing and repayable on demand.
Amount receivable from Weroad S.R.L is £196,255 (2023: £Nil)
Amount payable to Weroad Italia SRL is £193 (2023: £202)
Amount of trade receivable from Weroad Spain is £12,492 (2023:£Nil).
Amount of trade receivable from Weroad France is £18,152 (2023:£384)
Amount of trade payables from Weroad Swiss is £307,085 (2023:£Nil)

Loan payable by the company to WeRoad S.R.L for £552,589 (2023: £488,628) of this £474,000 (2023:£474,000) is a subordinated loan in favour of the Civil Aviation Authority (CAA).

130,000 ordinary shares of £1 issued to Weroad S.R.L for £130,000 in December 2024 (paid in cash) and further issue of 2,707,860 ordinary shares at £1 as capitalisation of credit balance with Weroad S.R.L.