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Registered number: 08492776
Bridgestone Retail UK Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 31 December 2024
Bridgestone Retail UK Limited
Contents
Contents

| Page
--- | ---
Strategic Report | 1
Directors' Report | 2—3
Independent Auditor's Report | 4—6
Statement of Comprehensive Income | 7
Balance Sheet | 8
Statement of Changes in Equity | 9
Notes to the Financial Statements | 10—15

Page 1
Bridgestone Retail UK Limited
Strategic Report
For The Year Ended 31 December 2024
Strategic Report
The directors present their strategic report for the year ended 31 December 2024.
Principal Activity
The company's principal activity is that of a franchisor.
Strategic Report - Small Companies Exemption
The company has taken exemption in relation to the preparation of a strategic report under Section 414B of the Companies Act 2006.
On behalf of the board

Mr Anton Wessels Director
05/12/2025

Page 1
Page 2
Bridgestone Retail UK Limited
Company No. 08492776
Directors' Report For The Year Ended 31 December 2024
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year were as follows:

Mr Charles Ivill | Resigned | 31/03/2025
Mr Daniel Giroud | Appointed | 10/04/2024
Mr Anton Wessels | Appointed | 10/04/2024
Mr Eric Brisard | Appointed | 10/04/2024
Mr Matthew Illingworth

Streamlined Energy and Carbon Reporting
Bridgestone Retail UK Limited is considered to be a low energy user and is therefore exempt from Streamlined Energy and Carbon Reporting.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 of the profit or loss of the company for that period. In preparing the 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 United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
- 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.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:

- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Page 2
Page 3
Bridgestone Retail UK Limited
Directors' Report (continued)
For The Year Ended 31 December 2024
Independent Auditors
The auditors, RD Accounting Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board

Mr Anton Wessels Director
05/12/2025

Page 3
Page 4
Independent Auditor's Report
to the Members of
Bridgestone Retail UK Limited
Independent Auditor's Report
Opinion
We have audited the financial statements of Bridgestone Retail UK Limited for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit/(loss) 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. 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
In accordance with the requirements of ISA (UK) 570 Going Concern, we have considered the appropriateness of the directors’ use of the going concern basis of accounting in preparing the financial statements. As disclosed in the accounting policies, the Company had net liabilities of £844,000 at the balance sheet date. The directors have obtained confirmation from the parent company that financial support, including the continued availability of an intercompany loan facility, will be provided for a period of at least twelve months from the date of approval of these financial statements. Based on the evidence obtained, we are satisfied that the directors’ conclusion that the going concern basis remains appropriate is reasonable and that adequate disclosure of this matter has been made in the financial statements.
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 contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this 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 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 the 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 or 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.

Page 4
Page 5
Independent Auditor's Report (continued)
to the Members of
Bridgestone Retail UK Limited
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, 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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our audit process involves determining a suitable materiality level and assessing the overall risk of material misstatement, including how fraud may occur. Our core procedures in relation to fraud and error include:
• Identifying laws and regulations that could reasonably give rise to a material misstatement in the financial statements.
• Enquiring with management and office holders on their own considerations on fraud.
• Considering financial pressures, incentives, opportunity, and motivations that may lead to fraud.
• Reviewing areas where management is required to make significant subjective judgements, the key areas identified this year include:
Rebates from franchisee suppliers represent a significant audit area. Accrued rebates are difficult to accurately estimate as they depend on the franchise supplier purchase quantities and stock lines.
Rebates may also not be received until many months after the year end. We review all after date rebates received and compare these to the estimates accrued, we ensure that rebates are complete, and any differences explained.
Prepayments in relation to artwork and signage are reviewed against ongoing franchise agreements to ensure that the carrying value is deemed appropriate.
We review trade debtor recoverability and test a sample of unpaid debts to assess their recoverability.
These are reviewed to ensure they are appropriate and not subject to any bias, thus reducing the risk of misstatement due to management override of controls.
Our procedures for each audit area are tailored to the specific risks we have identified for Bridgestone Retail UK Limited and are based on our detailed knowledge and understanding of the entity and its environment.
There are inherent limitations in any audit, such that there is a risk we may not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk is also greater for fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website 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 that 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.
Page 5
Page 6
Independent Auditor's Report (continued)
to the Members of
Bridgestone Retail UK Limited

Richard Dunkley FCCA CTA (Senior Statutory Auditor) for and on behalf of RD Accounting Ltd , Statutory Auditor
05/12/2025

Page 6
Page 7
Bridgestone Retail UK Limited
Statement of Comprehensive Income
For The Year Ended 31 December 2024
Statement of Comprehensive Income

| 2024 |  | 2023
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER |  | 1,355,464 |  | 553,783
Cost of sales |  | (844,142 ) |  | (358,966 )
GROSS PROFIT |  | 511,322 |  | 194,817
Administrative expenses |  | (715,870 ) |  | (749,990 )
OPERATING LOSS | 3 | (204,548 ) |  | (555,173 )
Exceptional items |  | (134,499) |  | -
Interest payable and similar charges | 8 | (66,923 ) |  | (17,229 )
LOSS BEFORE TAXATION |  | (405,970 ) |  | (572,402 )
Tax on Loss | 9 | - |  | 134,499
LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR |  | (405,970 ) |  | (437,903 )
OTHER COMPREHENSIVE INCOME FOR THE YEAR |  | - |  | -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | (405,970 ) |  | (437,903 )

The notes on pages 10 to 15 form part of these financial statements.
Page 7
Page 8
Bridgestone Retail UK Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 08492776

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 10 |  | 29,544 |  | 41,769
Investments | 11 |  | 50 |  | 50
|  |  | 29,594 |  | 41,819
CURRENT ASSETS
Debtors | 12 | 594,889 |  | 637,235 |
Cash at bank and in hand |  | 333,814 |  | 34,650 |
|  | 928,703 |  | 671,885 |
Creditors: Amounts Falling Due Within One Year | 13 | (1,794,130 ) |  | (1,128,382 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (865,427 ) |  | (456,497 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (835,833 ) |  | (414,678 )
Creditors: Amounts Falling Due After More Than One Year | 14 |  | (8,016 ) |  | (23,201 )
NET LIABILITIES |  |  | (843,849 ) |  | (437,879 )
CAPITAL AND RESERVES
Called up share capital | 16 |  | 50 |  | 50
Profit and Loss Account |  |  | (843,899 ) |  | (437,929 )
SHAREHOLDERS' FUNDS |  |  | (843,849) |  | (437,879)

On behalf of the board

Mr Anton Wessels Director
05/12/2025

The notes on pages 10 to 15 form part of these financial statements.
Page 8
Page 9
Bridgestone Retail UK Limited
Statement of Changes in Equity
For The Year Ended 31 December 2024
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 January 2023 | 50 | (26 ) | 24
Loss for the year and total comprehensive income | - | (437,903 ) | (437,903)
As at 31 December 2023 and 1 January 2024 | 50 | (437,929 ) | (437,879)
Loss for the year and total comprehensive income | - | (405,970 ) | (405,970)
As at 31 December 2024 | 50 | (843,899 ) | (843,849)

Page 9
Page 10
Bridgestone Retail UK Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Bridgestone Retail UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08492776 . The registered office is Unit 15b Blackpole Trading Estate East, Blackpole Road, Worcester, WR3 8SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Exemption From Preparing Consolidated Financial Statements
The company has taken advantage of the exemption under section 401 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
2.3. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. At the year end, the Company had net liabilities. Notwithstanding this position, the directors consider it appropriate to adopt the going concern basis in preparing these financial statements on the grounds that the Company is expected to continue to receive financial support from its immediate parent undertaking.
The parent company has confirmed its intention to provide such financial support, including the continued availability of the existing intercompany loan facility and additional funding if required, for a period of at least twelve months from the date of approval of these financial statements. Based on this confirmation, and after considering the Company’s forecasts and cash flow projections, the directors have a reasonable expectation that the Company will be able to meet its obligations as they fall due and continue in operational existence for the foreseeable future.
Accordingly, the directors believe that the adoption of the going concern basis remains appropriate.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from franchisor rebates and rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Franchisor Rebates
Rabates are receivable based on the purchases made by the companies franchisees from suppliers. These rebates are recognised as turnover in the period they are earned.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles | 25% Straight Line

2.6. Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Page 10
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Bridgestone Retail UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.9. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.10. Taxation
The charge for taxation is based on the results for the year and takes into account taxation deferred or accelerated because of timing differences between the treatment of certain items for accounting and tax purposes. The Company is a member of a group for tax purposes and, in accordance with group relief arrangements, any taxable losses arising during the year are surrendered to other group companies. As a result, no corporation tax charge arises for the year.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, except where the amounts involved are immaterial. No deferred tax asset has been recognised in respect of tax losses, as these losses are surrendered to other group companies and therefore no future economic benefit is expected to accrue to the Company. Deferred tax liabilities relating to fixed asset timing differences have not been recognised on the grounds of immateriality.
2.11. Prepayments
The company invests in signage and artwork for First Stop franchisees. This initial investment is released to the profit and loss over the life of the franchise agreement, this deferred expenditure is included within prepayments.
3. Operating Loss
The operating loss is stated after charging:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bad debts | 42,617 |  | -
Depreciation of tangible fixed assets | 12,225 |  | 7,131

4. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the company's financial statements | 8,500 |  | 5,000
Other Services
Other non-audit services | 12,500 |  | 3,380

Page 11
Page 12
Bridgestone Retail UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 369,072 |  | 450,496
Social security costs | 55,851 |  | 42,315
Other pension costs | 38,068 |  | 39,645
| 462,991 |  | 532,456

6. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 14)
6 14
7. Directors' remuneration

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Emoluments | 69,385 |  | -
Company contributions to money purchase pension schemes | 11,338 |  | -
| 80,723 |  | -

8. Interest Payable and Similar Charges

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 66,923 |  | 17,229

9. Tax on Profit

The tax credit on the loss for the year was as follows:
| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Current tax
UK Corporation Tax | - |  | (134,499 )
Total tax charge for the period | - |  | (134,499 )
The actual credit for the year can be reconciled to the expected credit for the year based on the loss and the standard rate of corporation tax as follows:
| 2024 |  | 2023
| £ |  | £
Profit before tax | (405,970) |  | (572,402)
Tax on profit at 0% (UK standard rate) | - |  | (134,514 )
Expenses not deductible for tax purposes | - |  | 15
Total tax charge for the period | - |  | (134,499)

Page 12
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Bridgestone Retail UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
10. Tangible Assets

| Motor Vehicles
--- | ---
| £
Cost
As at 1 January 2024 | 48,900
As at 31 December 2024 | 48,900
Depreciation
As at 1 January 2024 | 7,131
Provided during the period | 12,225
As at 31 December 2024 | 19,356
Net Book Value
As at 31 December 2024 | 29,544
As at 1 January 2024 | 41,769

11. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 January 2024 | 50
As at 31 December 2024 | 50
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -
Net Book Value
As at 31 December 2024 | 50
As at 1 January 2024 | 50

Subsidiaries
Details of the company's subsidiaries as at 31 December 2024 are as follows:

Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding
--- | --- | --- | --- | ---
Exhaust Tyres & Batteries (Worcester) Ltd | Unit 15b Blackpole Trading Estate East Blackpole Road Worcester WR3 8SG | Ordinary | 100.00% | -

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

| Capital and Reserves | Profit/(loss)
--- | --- | ---
| £ | £
Exhaust Tyres & Batteries (Worcester) Ltd | 13,148,169 | 546,454

Page 13
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Bridgestone Retail UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
12. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 224,340 |  | 254,377
Amounts owed by group undertakings | - |  | 134,499
Other debtors | 370,549 |  | 248,359
| 594,889 |  | 637,235

13. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 15,185 |  | 12,422
Trade creditors | 150,063 |  | 121,023
Amounts owed to group undertakings | 1,332,714 |  | 811,173
Other creditors | 75,926 |  | -
Taxation and social security | 51,005 |  | 38,067
Accruals and deferred income | 169,237 |  | 145,697
| 1,794,130 |  | 1,128,382

14. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 8,016 |  | 23,201

15. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 15,185 |  | 12,422
Later than one year and not later than five years | 8,016 |  | 23,201
| 23,201 |  | 35,623
| 23,201 |  | 35,623

16. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
50 Ordinary Shares of £ 1.00 each | 50 |  | 50

17. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £38,068 (2023: £39,645).
At the balance sheet date contributions of £75,926 (2023: £8,706) were due to the fund and are included in creditors.
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Bridgestone Retail UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
18. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
The company has an ongoing revolving loan balance with Bridgestone Europe NV/SA. The balance outstanding at 31 December 2024 was £1,332,685 (2023: £811,145).
Included within trade debtors is an amount owed from Exhaust, Tyres and Batteries (Worcester) Ltd totalling £71,961 (2023: £92,237).
Included within trade creditors are amounts owed to Bridgestone Europe totalling £24,038 (2023: £36,427).
19. Controlling Parties
The company's immediate parent undertaking is Bridgestone Europe NV/SA .
The ultimate parent undertaking is Bridgestone Corporation (incorporated in Japan). Its registered office is 10-1, Kyobashi 1-Chome, Chuo Ku, Tokyo 104, Japan .
Copies of the group accounts may be obtained from the company's registered office.
20. Exceptional Items
During the year, the Company recognised an exceptional charge of £134,499 arising from the write-off of an intercompany loan balance owed to a fellow subsidiary undertaking. The transaction has been presented as an exceptional item due to its size and non-recurring nature. No cash impact arose as a result of this accounting adjustment, and the write-off has no adverse effect on the Company’s ongoing operations or financial position.
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