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Registered number: 12900366 WESTPAK GROUP LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
WESTPAK GROUP LIMITED REGISTERED NUMBER: 12900366 BALANCE SHEET AS AT 31 DECEMBER 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 850,000 |  | 1,150,000
Tangible assets | 5 |  | 29,046 |  | 31,840
|  |  | 879,046 |  | 1,181,840
Current assets |  |  |  |  |
Stocks | 6 | 827,333 |  | 795,391 |
Debtors: amounts falling due within one year | 7 | 1,919,117 |  | 1,917,636 |
Cash at bank and in hand | 8 | 898,202 |  | 388,367 |
|  | 3,644,652 |  | 3,101,394 |
Creditors: amounts falling due within one year | 9 | (2,549,821) |  | (2,318,917) |
Net current assets |  |  | 1,094,831 |  | 782,477
Total assets less current liabilities |  |  | 1,973,877 |  | 1,964,317
Creditors: amounts falling due after more than one year | 10 |  | (1,277,467) |  | (1,383,792)
Net assets |  |  | 696,410 |  | 580,525
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 1,000 |  | 1,000
Profit and loss account |  |  | 695,410 |  | 579,525
|  |  | 696,410 |  | 580,525
Page 1
WESTPAK GROUP LIMITED REGISTERED NUMBER: 12900366 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Seth Hicks
Director
Date: 1 July 2026
The notes on pages 3 to 9 form part of these financial statements. Page 2
WESTPAK GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Westpak Group Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is New Grove House, Murray Road, Orpington, BR5 3QY. The principal activity of the company during the year has been that of the supply of packaging to the fresh produce market in the retail industry. 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 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 following principal accounting policies have been applied:
| 2.2 | 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.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company 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 company has transferred the significant risks and rewards of ownership to the buyer; ∙the company 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 company 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. Page 3
WESTPAK GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 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 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company 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 company in independently administered funds.
| 2.8 | Taxation
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 operates and generates income.
| 2.9 | 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 its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated impairment losses. Goodwill is being impaired annually by the directors, with this being charged to the Statement of comprehensive income. Page 4
WESTPAK GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | 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, on the following basis:
|  |  |  | Plant and machinery | - | 25% | 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.
| 2.11 | 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 weighted average basis. 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.
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | 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.
| 2.15 | Financial instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Page 5
WESTPAK GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.15 | Financial instruments (continued)
Financial instruments are recognised in the company's Balance sheet when the company becomes party to the contractual provisions of the instrument. The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
| 2.16 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 18 (2024 - 15).
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 January 2025 | 2,000,000
| At 31 December 2025 | 2,000,000
| Amortisation |
| At 1 January 2025 | 850,000
| Charge for the year on owned assets | 300,000
| At 31 December 2025 | 1,150,000
| Net book value |
| At 31 December 2025 | 850,000
| At 31 December 2024 | 1,150,000
Page 6
WESTPAK GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Plant and machinery
|  | £
| Cost or valuation |
| At 1 January 2025 | 89,394
| Additions | 11,104
| Disposals | (6,967)
| At 31 December 2025 | 93,531
| Depreciation |
| At 1 January 2025 | 57,554
| Charge for the year on owned assets | 13,898
| Disposals | (6,967)
| At 31 December 2025 | 64,485
| Net book value |
| At 31 December 2025 | 29,046
| At 31 December 2024 | 31,840
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 827,333 | 795,391
|  | 827,333 | 795,391
Page 7
WESTPAK GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,504,282 | 1,421,518
| Other debtors | - | 5,400
| Prepayments and accrued income | 414,835 | 490,718
|  | 1,919,117 | 1,917,636
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 898,202 | 388,367
|  | 898,202 | 388,367
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 1,800,352 | 1,541,343
| Corporation tax | 175,810 | 97,780
| Other taxation and social security | 317,663 | 331,203
| Other creditors | 239,729 | 243,955
| Accruals and deferred income | 16,267 | 104,636
|  | 2,549,821 | 2,318,917
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to participators | 1,277,467 | 1,383,792
|  | 1,277,467 | 1,383,792
Page 8
WESTPAK GROUP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 300 (2024 - 300) A Ordinary shares of £1 each | 300 | 300
|  | 300 (2024 - 300) B Ordinary shares of £1 each | 300 | 300
|  | 100 (2024 - 100) C Ordinary shares of £1 each | 100 | 100
|  | 75 (2024 - 75) D Ordinary shares of £1 each | 75 | 75
|  | 150 (2024 - 150) E Ordinary shares of £1 each | 150 | 150
|  | 75 (2024 - 75) F Ordinary shares of £1 each | 75 | 75
|  |  | 1,000 | 1,000
12. | 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 £11,217 (2024: £11,607). Contributions totalling £2,281 (2024: £2,747) were payable to the fund at the balance sheet date and are included in creditors.
13. | Related party transactions
| Included within other creditors due within one year are amounts of £217,335 (2024: 204,814) due to the directors, shareholders and the company secretaries. Another amount of £1,277,467 (2024: £1,383,792), provided for continued support to the company, is also owed to directors, shareholders and the company secretaries and is included in long term creditors. These loans are unsecured and with no fixed repayment terms and carry annual interest at 6%.
Page 9