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REGISTERED NUMBER: 15408734 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD |

| 12 JANUARY 2024 TO 31 JANUARY 2025 |

| FOR |

| UNDERWOOD MOTOR COMPANY LIMITED |

UNDERWOOD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 15408734)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 12 JANUARY 2024 TO 31 JANUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

UNDERWOOD MOTOR COMPANY LIMITED

COMPANY INFORMATION

FOR THE PERIOD 12 JANUARY 2024 TO 31 JANUARY 2025

| DIRECTOR: | D M Underwood

| SECRETARY: | T Underwood

| REGISTERED OFFICE: | Easons Farmhouse

| Palehouse Common

| Uckfield

| TN22 5RB

| REGISTERED NUMBER: | 15408734 (England and Wales)

| ACCOUNTANTS: | Watson Associates

| 30 - 34 North Street

| Hailsham

| East Sussex

| BN27 1DW

UNDERWOOD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 15408734)

BALANCE SHEET

31 JANUARY 2025

| Notes | £ |

| FIXED ASSETS

| Tangible assets | 4 | 66,663 |  |

| CURRENT ASSETS

| Debtors | 5 | 43,135 |  |

| Cash at bank | 517 |  |

43,652 |  |

| CREDITORS

| Amounts falling due within one year | 6 | (80,764 | ) |

| NET CURRENT LIABILITIES | (37,112 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 29,551 |  |

| CREDITORS

| Amounts falling due after more than one year | 7 | (37,445 | ) |

| NET LIABILITIES | (7,894 | ) |

| CAPITAL AND RESERVES

| Called up share capital | 10 | 100 |  |

| Retained earnings | (7,994 | ) |

| SHAREHOLDERS' FUNDS | (7,894 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UNDERWOOD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 15408734)

BALANCE SHEET - continued

31 JANUARY 2025

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2025 and were signed by:

D M Underwood - Director

UNDERWOOD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 15408734)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 12 JANUARY 2024 TO 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Underwood Motor Company Limited 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, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

| Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| 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.

UNDERWOOD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 15408734)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 12 JANUARY 2024 TO 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 2 .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |

| machinery |  | fittings |  | Totals

£ | £ | £ |

| COST

| Additions | 58,115 |  | 12,363 |  | 70,478 |  |

| At 31 January 2025 | 58,115 |  | 12,363 |  | 70,478 |  |

| DEPRECIATION

| Charge for period | 3,315 |  | 500 |  | 3,815 |  |

| At 31 January 2025 | 3,315 |  | 500 |  | 3,815 |  |

| NET BOOK VALUE

| At 31 January 2025 | 54,800 |  | 11,863 |  | 66,663 |  |

UNDERWOOD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 15408734)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 12 JANUARY 2024 TO 31 JANUARY 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

£ |

| COST

| Additions | 55,475 |  |

| At 31 January 2025 | 55,475 |  |

| DEPRECIATION

| Charge for period | 3,192 |  |

| At 31 January 2025 | 3,192 |  |

| NET BOOK VALUE

| At 31 January 2025 | 52,283 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Other debtors | 43,135 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Hire purchase contracts | 9,986 |  |

| Trade creditors | 1,379 |  |

| Other creditors | 69,399 |  |

80,764 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

£ |

| Hire purchase contracts | 37,445 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

£ |

| Hire purchase contracts | 47,431 |  |

9. | DEFERRED TAX

£ |

| Credit to Income Statement during period | (2,665 | ) |

| Balance at 31 January 2025 | (2,665 | ) |

UNDERWOOD MOTOR COMPANY LIMITED (REGISTERED NUMBER: 15408734)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 12 JANUARY 2024 TO 31 JANUARY 2025

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal

| value: | £ |

| 40 | Ordinary A | £1 | 40 |  |

| 30 | Ordinary B | £1 | 30 |  |

| 30 | Ordinary C | £1 | 30 |  |

100 |  |

| The following shares were allotted and fully paid for cash at par during the period:

| 40 Ordinary A shares of £1 each

| 30 Ordinary B shares of £1 each

| 30 Ordinary C shares of £1 each