Caseware UK (AP4) 2024.0.164 2024.0.164 2025-09-302026-05-182026-05-182025-09-302025-09-302026-05-1833false2024-10-01falseInformation technology consultancy activitiesfalsefalse 13057479 2024-10-01 2025-09-30 13057479 2023-10-01 2024-09-30 13057479 2025-09-30 13057479 2024-09-30 13057479 2023-10-01 13057479 c:Director1 2024-10-01 2025-09-30 13057479 c:Director2 2024-10-01 2025-09-30 13057479 c:Director3 2024-10-01 2025-09-30 13057479 c:RegisteredOffice 2024-10-01 2025-09-30 13057479 d:Buildings d:LongLeaseholdAssets 2024-10-01 2025-09-30 13057479 d:MotorVehicles 2024-10-01 2025-09-30 13057479 d:FurnitureFittings 2024-10-01 2025-09-30 13057479 d:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 13057479 d:Goodwill 2024-10-01 2025-09-30 13057479 d:CurrentFinancialInstruments 2025-09-30 13057479 d:CurrentFinancialInstruments 2024-09-30 13057479 d:Non-currentFinancialInstruments 2025-09-30 13057479 d:Non-currentFinancialInstruments 2024-09-30 13057479 d:CurrentFinancialInstruments d:WithinOneYear 2025-09-30 13057479 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 13057479 d:Non-currentFinancialInstruments d:AfterOneYear 2025-09-30 13057479 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 13057479 d:ShareCapital 2025-09-30 13057479 d:ShareCapital 2024-09-30 13057479 d:ShareCapital 2023-10-01 13057479 d:SharePremium 2025-09-30 13057479 d:SharePremium 2024-09-30 13057479 d:SharePremium 2023-10-01 13057479 d:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 13057479 d:RetainedEarningsAccumulatedLosses 2025-09-30 13057479 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 13057479 d:RetainedEarningsAccumulatedLosses 2024-09-30 13057479 d:RetainedEarningsAccumulatedLosses 2023-10-01 13057479 c:OrdinaryShareClass1 2024-10-01 2025-09-30 13057479 c:OrdinaryShareClass1 2025-09-30 13057479 c:OrdinaryShareClass1 2024-09-30 13057479 c:OrdinaryShareClass2 2024-10-01 2025-09-30 13057479 c:OrdinaryShareClass2 2025-09-30 13057479 c:OrdinaryShareClass2 2024-09-30 13057479 c:FRS102 2024-10-01 2025-09-30 13057479 c:Audited 2024-10-01 2025-09-30 13057479 c:FullAccounts 2024-10-01 2025-09-30 13057479 c:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 13057479 d:Subsidiary1 2024-10-01 2025-09-30 13057479 d:Subsidiary1 1 2024-10-01 2025-09-30 13057479 c:Consolidated 2025-09-30 13057479 c:ConsolidatedGroupCompanyAccounts 2024-10-01 2025-09-30 13057479 6 2024-10-01 2025-09-30 13057479 e:PoundSterling 2024-10-01 2025-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13057479









WANSTOR GROUP LTD









ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

 
WANSTOR GROUP LTD
 
 
COMPANY INFORMATION


Directors
F E F White 
P J  Lukes 
M S Rai 




Registered number
13057479



Registered office
Bridgegate House
124-126 Borough High Street

London

SE1 1LB




Independent auditor
Barnes Roffe Audit Limited
Chartered Accountants & Statutory Auditor

Level 41A

Tower 42

25 Old Broad Street

London

EC2N 1HQ





 
WANSTOR GROUP LTD
 

CONTENTS



Page
Group strategic report
 
1 - 3
Directors' report
 
4 - 5
Independent auditor's report
 
6 - 10
Consolidated statement of comprehensive income
 
11
Consolidated balance sheet
 
12 - 13
Company balance sheet
 
14
Consolidated statement of changes in equity
 
15
Company statement of changes in equity
 
16
Consolidated statement of cash flows
 
17 - 18
Notes to the financial statements
 
19 - 35


 
WANSTOR GROUP LTD
 
 
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025

Introduction
 
The Directors are pleased to present the Group Strategic Report for the year ended 30 September 2025. The year represented a significant inflection point for the Group, marking the completion of a multi-year programme of investment in platforms, automation, and service capability, and the beginning of a scaling phase in which the benefits of that investment are now being realised.

Principal activity

The principal activity of the Group is the provision of managed IT services, cyber security services, and
technology-enabled transformation solutions to mid-market organisations in the UK.

Business review
 
Wanstor is a UK-based Managed Service Provider focused on being a long-term, strategic technology partner to organisations that rely on technology to operate securely, efficiently, and at scale. The Group supports customers across managed operations, security, digital workplace, and data and AI-enabled services.

The Group’s strategy is centred on three core principles:

• Experience-led services, delivering consistent, high-quality outcomes for customers

• Operational scalability, enabled through platform investment, automation, and standardisation

• Specialised capability, particularly across security and data-driven services, supported by strong vendor    partnerships

During FY25, the Group completed the foundational phase of this strategy. With the core service platform and operating model now embedded, the focus has shifted from build to scale, with growth increasingly delivered through operational leverage, deeper customer relationships, and enhanced propositions rather than headcount expansion.

Financial performance

For the year ended 30 September 2025, the Group generated revenue of £26.9m, representing 11.7% year-on-year growth. EBITDA increased to £2.86m, a 28.5% increase compared to the prior year, reflecting the benefits of earlier investment in platforms, automation, and service capability now flowing through the business.

Growth continued to be driven primarily by expansion within existing customers rather than reliance on new customer acquisition. Net revenue retention was 116.9%, demonstrating strong customer satisfaction, long-term partnerships, and increasing adoption of higher-value services.

The improvement in profitability reflects a clear decoupling of revenue growth from delivery headcount. During the year, the Group increased Managed Services revenue by £1.4m, from £8.4m to £9.9m, without a corresponding increase in delivery headcount. This was enabled by ongoing automation and problem management initiatives, which reduced like-for-like case volumes by 24% and reduced cases per customer contact by 33%.

Operational progress and achievements

FY25 was characterised by disciplined execution and tangible operational progress:

• 
Service excellence and scalability -  The Service Desk operating model continued to mature, with automation and continuous improvement embedded as standard practice. The Groupy successfully renewed its SDI 4-Star Service Desk accreditation and onboarded additional global service desk customers, demonstrating
Page 1

 
WANSTOR GROUP LTD
 

GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025

the scalability and resilience of the delivery platform.

• 
Automation and AI-enabled operations -  Automation and AI-enabled workflows are now embedded within service operations, supporting incident triage, resolution, and proactive problem management. These capabilities form a core component of the Company’s scalable delivery model and underpin continued efficiency gains.

• 
Service quality and customer outcomes -  Efficiency improvements were delivered while maintaining high service quality, with customer satisfaction measured through a Net Promoter Score of +73, reinforcing the Company’s focus on experience-led service delivery.

 People and culture -  The Group employed approximately 200 people during the year. Wanstor was once again recognised by Best Companies as a Very Good Company to Work For, reflecting continued investment in leadership capability, employee engagement, and organisational health.

Markets and customers

Wanstor serves customers across a range of sectors, with a strategic focus on Not-for-Profit and Professional Services organisations. These sectors value reliability, security, and long-term partnership, aligning closely with the Group’s service model and proposition strengths.

Growth is increasingly driven by deepening relationships within the existing customer base, supported by multi-year contractual arrangements and a broadening of services delivered to customers over time.

Risks and uncertainties

The Directors recognise that the Group operates in a dynamic and competitive environment. Key risks include:

• 
Cyber security and service resilience risk -  This is mitigated through ongoing investment in security controls, monitoring, and incident response capability.

• 
Market and economic uncertainty - This may impact customer spending decisions and is mitigated through a high proportion of contracted recurring revenue and close customer engagement.

• 
Talent availability and retention - This is mitigated through continued investment in culture, leadership development, and employee engagement.

The Group maintains a disciplined risk management framework and regularly reviews its risk profile and mitigations.

Future plans

With the core operating platform now embedded and operating effectively, the Group enters FY26 with strong momentum. Focus areas include:

• Continued enhancement of customer propositions across managed services, security, and data and AI-enabled offerings

• Further leverage of automation and AI within service operations to improve outcomes and efficiency

• Deepening strategic partnerships to extend capability and customer value

The Group continued to reduce net debt during the year and expects to be debt free during FY26, providing increased financial and strategic flexibility. The Directors are confident that Wanstor has a robust foundation, a scalable operating model, and a clear strategic direction to support sustainable growth and long-term value creation.
 
Page 2

 
WANSTOR GROUP LTD
 

GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025


Employees, social and environmental matters

Wanstor recognises its responsibility to its people, customers, and the wider community. The Group remains committed to operating in a socially and environmentally responsible manner, with continued focus on employee wellbeing, inclusive leadership, and environmental impact reduction. Environmental performance is monitored and mitigated through carbon reduction initiatives and offsetting activity.
 


This report was approved by the board on 18 May 2026 and signed on its behalf.



................................................
F E F White
Director

Page 3

 
WANSTOR GROUP LTD
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present their report and the financial statements for the year ended 30 September 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 the Group and of the profit or loss of the Group for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Group's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £1,100,726 (2024 - £593,146).

No dividends were declared and paid during the year (2024: £Nil).

Directors

The directors who served during the year were:

F E F White 
P J  Lukes 
M S Rai 

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditor is aware of that information.

Page 4

 
WANSTOR GROUP LTD
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025

Auditor

The auditor, Barnes Roffe Audit Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 18 May 2026 and signed on its behalf.
 





F E F White
Director

Page 5

 
WANSTOR GROUP LTD
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WANSTOR GROUP LTD
 

Opinion


We have audited the financial statements of Wanstor Group Ltd (the 'Company') for the year ended 30 September 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Group's and of the Parent Company's affairs as at 30 September 2025 and of the Group's profit 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 Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 6

 
WANSTOR GROUP LTD
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WANSTOR GROUP LTD (CONTINUED)


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 ReportOur 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. 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 course of 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.


Opinion 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 Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Group strategic report and the 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 Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or
the Parent Company financial statements are not in agreement with the accounting records and 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 7

 
WANSTOR GROUP LTD
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WANSTOR GROUP LTD (CONTINUED)


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 4, 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 Group's and the Parent 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 Group or the Parent Company or to cease operations, or have no realistic alternative but to do so.


Page 8

 
WANSTOR GROUP LTD
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WANSTOR GROUP LTD (CONTINUED)


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 Group financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector in which the company operates;
-We focused on specific laws and regulations which we considered may have a direct impact material effect on the financial statements, or the operations of the company which included the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;
-We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
-Identified laws and regulations were communicated within the audit team and the team remained alert to instances of non-compliance throughout the audit.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to involve the completeness and timing of income recognition and the override of controls by management.

To address the risk of fraud in relation to revenue recognition, we:
-Performed detailed substantive testing to address completeness and accuracy of sales;
-Assessed the appropriateness and application of the accounting policy concerning income recognition; and
-Performed detailed cut-off testing either side of the balance sheet date.

To address the risk of fraud through management bias and override of controls, we:
-Performed analytical procedures to identify any unusual or unexpected relationships;
-Tested journal entries to identify unusual transactions;
-Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;
-Investigated the rationale behind significant or unusual transactions.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to 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 at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.


Page 9

 
WANSTOR GROUP LTD
 
 
 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WANSTOR GROUP LTD (CONTINUED)


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 2006Our audit work has been undertaken so that we might state to the Company's members those matters 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.





Duncan Stannett (Senior statutory auditor)
for and on behalf of
Barnes Roffe Audit Limited
Chartered Accountants
Statutory Auditor
Level 41A
Tower 42
25 Old Broad Street
London
EC2N 1HQ

 
Date: 
18 May 2026
Page 10

 
WANSTOR GROUP LTD
 
 
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2025
2024
Note
£
£

  

Turnover
 3 
26,932,437
24,119,957

Cost of sales
  
(20,221,293)
(18,517,899)

Gross profit
  
6,711,144
5,602,058

Administrative expenses
  
(4,901,396)
(4,482,437)

Operating profit
 4 
1,809,748
1,119,621

Interest payable and similar expenses
 8 
(34,501)
(41,752)

Profit before tax
  
1,775,247
1,077,869

Tax on profit
 9 
(674,521)
(484,723)

Profit for the financial year
  
1,100,726
593,146

Profit for the year attributable to:
  

Owners of the Parent Company
  
(1,100,726)
(593,146)

  
(1,100,726)
(593,146)

There were no recognised gains and losses for 2025 or 2024 other than those included in the consolidated statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 19 to 35 form part of these financial statements.

Page 11

 
WANSTOR GROUP LTD
REGISTERED NUMBER: 13057479

CONSOLIDATED BALANCE SHEET
AS AT 30 SEPTEMBER 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 10 
5,006,417
5,944,922

Tangible assets
 11 
139,063
194,107

  
5,145,480
6,139,029

Current assets
  

Stocks
 13 
12,932
6,721

Debtors: amounts falling due within one year
 14 
5,689,537
5,446,981

Cash at bank and in hand
 15 
1,277,103
718,291

  
6,979,572
6,171,993

Creditors: amounts falling due within one year
 16 
(4,136,150)
(4,248,441)

Net current assets
  
 
 
2,843,422
 
 
1,923,552

Total assets less current liabilities
  
7,988,902
8,062,581

Creditors: amounts falling due after more than one year
 17 
-
(1,161,165)

Provisions for liabilities
  

Deferred tax
 18 
(32,391)
(45,631)

Other provisions
 19 
(48,978)
(48,978)

  
 
 
(81,369)
 
 
(94,609)

Net assets
  
7,907,533
6,806,807


Capital and reserves
  

Called up share capital 
 20 
1,000
1,000

Share premium account
  
4,794,037
4,794,037

Profit and loss account
  
3,112,496
2,011,770

  
7,907,533
6,806,807


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 May 2026.


................................................
F E F White
Director

The notes on pages 19 to 35 form part of these financial statements.
Page 12

 
WANSTOR GROUP LTD
REGISTERED NUMBER: 13057479
    
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025


Page 13

 
WANSTOR GROUP LTD
REGISTERED NUMBER: 13057479

COMPANY BALANCE SHEET
AS AT 30 SEPTEMBER 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
 12 
13,830,471
13,830,471

  
13,830,471
13,830,471

Current assets
  

Debtors: amounts falling due within one year
 14 
17,542
17,542

Cash at bank and in hand
 15 
53
53

  
17,595
17,595

Creditors: amounts falling due within one year
 16 
(6,227,774)
(6,573,123)

Net current liabilities
  
 
 
(6,210,179)
 
 
(6,555,528)

Total assets less current liabilities
  
7,620,292
7,274,943

  

Creditors: amounts falling due after more than one year
 17 
-
(1,161,165)

  

Net assets excluding pension asset
  
7,620,292
6,113,778

Net assets
  
7,620,292
6,113,778


Capital and reserves
  

Called up share capital 
 20 
1,000
1,000

Share premium account
  
4,794,037
4,794,037

Profit and loss account brought forward
  
1,318,741
695,309

Profit for the year
  
1,506,514
623,432

Profit and loss account carried forward
  
2,825,255
1,318,741

  
7,620,292
6,113,778


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 May 2026.


................................................
F E F White
Director

The notes on pages 19 to 35 form part of these financial statements.

Page 14

 
WANSTOR GROUP LTD
 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 October 2024
1,000
4,794,037
2,011,770
6,806,807



Profit for the year
-
-
1,100,726
1,100,726


At 30 September 2025
1,000
4,794,037
3,112,496
7,907,533



CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 October 2023
1,000
4,794,037
1,418,624
6,213,661



Profit for the year
-
-
593,146
593,146


At 30 September 2024
1,000
4,794,037
2,011,770
6,806,807


The notes on pages 19 to 35 form part of these financial statements.

Page 15

 
WANSTOR GROUP LTD
 

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2025


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 October 2024
1,000
4,794,037
1,318,741
6,113,778



Profit for the year
-
-
1,506,514
1,506,514


At 30 September 2025
1,000
4,794,037
2,825,255
7,620,292



COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 October 2023
1,000
4,794,037
695,309
5,490,346



Profit for the year
-
-
623,432
623,432


At 30 September 2024
1,000
4,794,037
1,318,741
6,113,778


The notes on pages 19 to 35 form part of these financial statements.

Page 16

 
WANSTOR GROUP LTD
 

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2025
2024
£
£

Cash flows from operating activities

Profit for the financial year
1,100,726
593,146

Adjustments for:

Amortisation of intangible assets
942,415
932,581

Depreciation of tangible assets
104,398
170,162

Interest paid
34,501
41,752

Taxation charge
674,521
484,723

(Increase)/decrease in stocks
(6,211)
7,065

(Increase) in debtors
(242,556)
(325,256)

(Decrease)/increase in creditors
(1,281,810)
149,188

Corporation tax (paid)
(294,173)
(353,642)

Net cash generated from operating activities

1,031,811
1,699,719


Cash flows from investing activities

Purchase of intangible fixed assets
(3,910)
(3,821)

Purchase of tangible fixed assets
(49,354)
(62,983)

HP interest paid
(3,674)
(4,899)

Net cash from investing activities

(56,938)
(71,703)

Cash flows from financing activities

Repayment of loans
-
(543,208)

Repayment of debenture loans
(344,262)
(650,843)

Repayment of/new finance leases
(40,972)
(54,630)

Interest paid
(30,827)
(36,853)

Net cash used in financing activities
(416,061)
(1,285,534)

Net increase in cash and cash equivalents
558,812
342,482

Cash and cash equivalents at beginning of year
718,291
375,809

Cash and cash equivalents at the end of year
1,277,103
718,291


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
1,277,103
718,291

1,277,103
718,291


Page 17

 
WANSTOR GROUP LTD
 
The notes on pages 19 to 35 form part of these financial statements.

Page 18

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.


General information

Wanstor Group Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Bridgegate House 124-126 Borough High Street, London, England, SE1 1LB. The principal activity of the company during the year has been that of Information technology consultancy activities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.

In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 24 February 2021.

Page 19

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Consolidated statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

On consolidation, the results of overseas operations are translated into Sterling at rates approximating to those ruling when the transactions took place. All assets and liabilities of overseas operations are translated at the rate ruling at the reporting date. Exchange differences arising on translating the opening net assets at opening rate and the results of overseas operations at actual rate are recognised in other comprehensive income.

Page 20

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Group has transferred the significant risks and rewards of ownership to the buyer;
the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 21

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Group in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 22

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
3 years
Motor vehicles
-
25%
Straight-line method
Fixtures and fittings
-
25%
Straight-line method
Other fixed assets
-
33%
Straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 23

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Consolidated statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 24

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Turnover

An analysis of turnover by class of business is as follows:


2025
2024
£
£

Sales
1,864,927
1,602,468

Support
21,730,837
18,334,256

Service
3,203,933
4,081,195

Carriage and expenses
132,740
102,038

26,932,437
24,119,957


Analysis of turnover by country of destination:

2025
2024
£
£

United Kingdom
26,932,437
24,119,957

26,932,437
24,119,957



4.


Operating profit

The operating profit is stated after charging:

2025
2024
£
£

Exchange differences
(8,403)
1,865

Other operating lease rentals
287,804
268,572

Page 25

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

5.


Auditor's remuneration

During the year, the Group obtained the following services from the Company's auditor:


2025
2024
£
£

Fees payable to the Company's auditor for the audit of the consolidated and Parent Company's financial statements
5,750
5,750


6.


Employees

Staff costs, including directors' remuneration, were as follows:


Group
Group
2025
2024
£
£


Wages and salaries
10,598,169
10,647,319

Social security costs
1,378,136
1,245,305

Cost of defined contribution scheme
960,130
709,904

12,936,435
12,602,528


The average monthly number of employees, including the directors, during the year was as follows:



Group
Group
Company
Company
        2025
        2024
        2025
        2024
            No.
            No.
            No.
            No.









Administration and support
12
12
3
3



Sales, marketing and distribution
12
12
-
-



Other departments
219
218
-
-

243
242
3
3

Page 26

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

7.


Directors' remuneration

2025
2024
£
£

Directors' emoluments
411,964
406,415

Group contributions to defined contribution pension schemes
4,597
3,522

416,561
409,937


During the year retirement benefits were accruing to 2 directors (2024 - 2) in respect of defined contribution pension schemes.

The highest paid director received remuneration of £225,837 (2024 - £254,444).

The value of the Group's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £2,201 (2024 - £2,201).


8.


Interest payable and similar expenses

2025
2024
£
£


Bank interest payable
-
13,495

Finance leases and hire purchase contracts
3,674
4,899

Other interest payable
30,827
23,358

34,501
41,752

Page 27

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

9.


Taxation


2025
2024
£
£

Corporation tax


Current tax on profits for the year
687,761
526,019

Adjustments in respect of previous periods
-
(37,843)


Total current tax
687,761
488,176

Deferred tax


Origination and reversal of timing differences
(13,240)
(3,453)

Total deferred tax
(13,240)
(3,453)


Tax on profit
674,521
484,723

Factors affecting tax charge for the year

The tax assessed for the year is lower than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Profit on ordinary activities before tax
1,775,247
1,077,869


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
443,812
269,467

Effects of:


Non-tax deductible amortisation of goodwill and impairment
230,509
230,509

Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
1,505
1,475

Capital allowances for year in excess of depreciation
11,935
24,568

Adjustments to tax charge in respect of prior periods
-
(37,843)

Other timing differences leading to an increase (decrease) in taxation
(13,240)
(3,453)

Total tax charge for the year
674,521
484,723


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 28

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

10.


Intangible assets

Group and Company





Patents
Goodwill
Total

£
£
£



Cost


At 1 October 2024
208,322
9,220,393
9,428,715


Additions
3,910
-
3,910



At 30 September 2025

212,232
9,220,393
9,432,625



Amortisation


At 1 October 2024
179,820
3,303,973
3,483,793


Charge for the year
20,376
922,039
942,415



At 30 September 2025

200,196
4,226,012
4,426,208



Net book value



At 30 September 2025
12,036
4,994,381
5,006,417



At 30 September 2024
28,502
5,916,420
5,944,922



Page 29

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

11.


Tangible fixed assets

Group



Long-term leasehold property
Fixtures and fittings
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 October 2024
55,447
813,400
1,502,205
2,371,052


Additions
-
21,955
27,399
49,354



At 30 September 2025

55,447
835,355
1,529,604
2,420,406



Depreciation


At 1 October 2024
18,482
692,363
1,466,100
2,176,945


Charge for the year
18,482
66,887
19,029
104,398



At 30 September 2025

36,964
759,250
1,485,129
2,281,343



Net book value



At 30 September 2025
18,483
76,105
44,475
139,063



At 30 September 2024
36,965
121,037
36,105
194,107




The net book value of land and buildings may be further analysed as follows:


2025
2024
£
£

Long leasehold
18,483
36,965

18,483
36,965


Page 30

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

12.


Fixed asset investments

Company





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2024
13,830,471



At 30 September 2025
13,830,471





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Wanstor Limited
124-126 Borough High Street First Floor, Bridgegate House, 124-126 Borough High Street, London, SE1 1LB
Ordinary
100%


13.


Stocks

Group
Group
2025
2024
£
£

Finished goods and goods for resale
12,932
6,721

12,932
6,721


The difference between purchase price or production cost of stocks and their replacement cost is not material.

Page 31

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

14.


Debtors

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£


Trade debtors
5,033,097
4,872,304
-
-

Other debtors
26,777
27,869
17,542
17,542

Prepayments and accrued income
629,663
546,808
-
-

5,689,537
5,446,981
17,542
17,542



15.


Cash and cash equivalents

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£

Cash at bank and in hand
1,277,103
718,291
53
53

1,277,103
718,291
53
53



16.


Creditors: Amounts falling due within one year

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£

Other loans
558,182
902,444
558,182
902,444

Trade creditors
1,183,026
1,483,396
-
-

Amounts owed to group undertakings
-
-
5,656,759
5,650,514

Corporation tax
924,599
531,011
-
-

Other taxation and social security
580,706
756,176
-
-

Obligations under finance lease and hire purchase contracts
-
40,972
-
-

Other creditors
76,420
32,781
-
-

Accruals and deferred income
813,217
501,661
12,833
20,165

4,136,150
4,248,441
6,227,774
6,573,123


Page 32

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

17.


Creditors: Amounts falling due after more than one year

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£

Other loans
-
1,161,165
-
1,161,165

-
1,161,165
-
1,161,165


Balance related to loan note issued to formar shareholder as consideration for the acquisition of shares in its subsidiary. Company expects to settle the loan note within twelve months from the financial year ending.


18.


Deferred taxation


Group



2025


£






At beginning of year
(45,631)


Charged to profit or loss
13,240



At end of year
(32,391)

Company








At end of year
-
Group
Group
2025
2024
£
£

Accelerated capital allowances
(32,391)
(45,631)

(32,391)
(45,631)

Page 33

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

19.


Provisions


Group



Other provisions

£





At 1 October 2024
48,978



At 30 September 2025
48,978


20.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



65,000 (2024 - 65,000) Ordinary shares of £0.01 each
650
650
35,000 (2024 - 35,000) "A" Ordinary shares of £0.01 each
350
350

1,000

1,000



21.


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. The pension cost charge
represents contributions payable by the company to the fund and amounted to £960,130 (2024:
£709,904). Contributions totalling £49,523 (2024: £7,085) were payable to the fund at the balance sheet date and are included in other creditors due within one year.


22.


Commitments under operating leases

At 30 September 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:


Group
Group
2025
2024
£
£

Not later than 1 year
250,000
250,000

Later than 1 year and not later than 5 years
312,500
562,500

562,500
812,500

Page 34

 
WANSTOR GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

23.


Controlling party

The directors are the ultimate controlling party of the company by virtue of their shareholdings.

 
Page 35