The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

WF Motor Trade Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Bramhall Place, Storeys Bar Road, Peterborough, PE1 5YS.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements have been prepared on a going concern basis. At the balance sheet date the company had net liabilities. The director has prepared cash flow forecasts for a period of at least twelve months from the date of approval of these financial statements which demonstrate that the company will be able to meet its liabilities as they fall due. The forecasts assume continued support from the company's subsidiary company, which the director has no reason to believe will not continue. Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis.true

Revenue from repair plans is recognised over the period of cover. Amounts invoiced in advance are deferred and recognised as income on a straight line basis over the policy term, with all income having been recognised upon policy expiry.

Revenue from breakdown recovery services is recognised in line with when the services are provided.

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Assets under construction are not amortised.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Commission costs

Commission costs incurred in relation to the sale of repair plans are recognised over the period of cover. Amounts are paid upfront and recognised as expenditure on a straight line basis over the policy term, with all expenditure having been recognised upon policy expiry.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Deferred revenue is accounted for over the life of the repair plan to allocate revenue to P&L on a straight line basis over the life of the plan. Any claims costs made against those plans are allocated when those costs are received and any future costs are allocated against future revenue when they are received.

The average monthly number of persons (including directors) employed by the company during the year was:

The bank loans are repayable by monthly instalments to 01/06/2026 and 25/07/2035. The first arrangement carries an interest rate of 3.99% plus the BoE base rate. The second arrangement carries a fixed interest rate of 2.71% to 25/07/2030 and 2.69% plus BoE base rate to 25/07/2035.

The loans are secured by (i) a fixed charge over the freehold property owned by the company, and (ii) a fixed and floating charge over the company's assets in favour of Lloyds Bank Plc. In addition, a fixed charge over the same freehold property is held by Park Lane Global Limited as Noteholder.

Deferred revenue arises from repair plans recognised over the policy term (see accounting policy 1.3). The movement in the period was as follows:

2025 (current £2,385k, non‑current £3,938k); 2024 (current £1,865k, non‑current £2,513k). The non‑current portion represents obligations extending beyond 12 months from the reporting date.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The share capital of the company was acquired by WF PB Midco Limited on 11 November 2024 and this entity has been the immediate parent company since this date. The ultimate parent company is Park Lane Global Limited.

The directors consider Ansar Khan to be the ultimate controlling party.

During the prior year, the company implemented a change in accounting policy for both revenue recognition and commission costs as set out in note 12. The retrospective application was not correctly applied and accordingly the comparative information has been restated to reflect the correct accounting treatment. This adjustment has been treated as a prior period adjustment in accordance with FRS 102. The impact of the adjustment was to increase prepayments and opening retained earnings at 30 September 2024 & 2025, with a corresponding reduction in administrative expenses in the comparative period.

During the year, the company also undertook an exercise to improve the accuracy and clarity of the mapping structure in the financial statements, specifically with regard to the nature of expenditure incurred. These adjustments are presentational only and do not impact the underlying financial performance of the company. Comparative figures within the profit and loss account have been updated where necessary to ensure consistency with the revised mapping structure.