Company No: 03379184 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Director

D Briffett

Secretary

Tmf Corporate Administration Services Limited

Registered office	C/O Tmf Group
	13th Floor
	One Angel Court
	London
	EC2R 7HJ
	United Kingdom

Company number

03379184 (England and Wales)

Accountant	Kreston Reeves LLP
	9 Donnington Park
	85 Birdham Road
	Chichester
	West Sussex
	PO20 7AJ

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Webpac Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Webpac Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Webpac Limited. You consider that Webpac Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Webpac Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Director of Webpac Limited, as a body, in accordance with the terms of our engagement letter dated 29 March 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Webpac Limited and state those matters that we have agreed to state to the director of Webpac Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Webpac Limited and its Director as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

30 September 2025

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	6,553		6,995
Investments	4	61,235		36,235
		67,788		43,230
Current assets
Debtors	5	179,274		929,044
Cash at bank and in hand		1,094,869		850,123
		1,274,143		1,779,167
Creditors: amounts falling due within one year	6	( 144,490)		( 209,706)
Net current assets		1,129,653		1,569,461
Total assets less current liabilities		1,197,441		1,612,691
Creditors: amounts falling due after more than one year	7	( 7,663)		( 10,402)
Net assets		1,189,778		1,602,289
Capital and reserves
Called-up share capital	9	22,621		22,621
Share premium account		602,641		602,641
Profit and loss account		564,516		977,027
Total shareholders' funds		1,189,778		1,602,289

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Webpac Limited (registered number: 03379184) were approved and authorised for issue by the Director on 30 September 2025. They were signed on its behalf by:

D Briffett Director

1. Accounting policies

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

General information and basis of accounting

Webpac 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 C/O Tmf Group, 13th Floor, One Angel Court, London, EC2R 7HJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

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.

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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences	20 years straight line
Other intangible assets	5 years straight line

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the director is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Intangible assets

	Trademarks, patents and licences		Other intangible assets		Total
	£		£		£
Cost
At 01 January 2024	12,361		23,494		35,855
At 31 December 2024	12,361		23,494		35,855
Accumulated amortisation
At 01 January 2024	5,366		23,494		28,860
Charge for the financial year	442		0		442
At 31 December 2024	5,808		23,494		29,302
Net book value
At 31 December 2024	6,553		0		6,553
At 31 December 2023	6,995		0		6,995

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	36,235
At 31 December 2024	36,235
Carrying value at 31 December 2024	36,235
Carrying value at 31 December 2023	36,235

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	0		0
Additions	25,000		25,000
At 31 December 2024	25,000		25,000
Carrying value at 31 December 2024	25,000		25,000
Carrying value at 31 December 2023	0		0

5. Debtors

	2024		2023
	£		£
Trade debtors	104,039		386,198
Amounts owed by Group undertakings	74,229		394,063
Deferred tax asset	0		148,783
Other debtors	1,006		0
	179,274		929,044

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Other taxation and social security	24,985		50,035
Other creditors	119,505		159,671
	144,490		209,706

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

	2024		2023
	£		£
Other creditors	7,663		10,402

There are no amounts included above in respect of which any security has been given by the small entity.

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	148,783		62,391
(Charged)/credited to the Profit and Loss Account	( 148,783)		86,392
At the end of financial year	0		148,783

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Accelerated capital allowances	0		( 110)
Tax losses carry forward	0		148,893
	0		148,783

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
226,212 Ordinary shares of £ 0.10 each	22,621		22,621