IRIS Accounts Production v26.1.10.61 13313382 Board of Directors 1.1.25 31.12.25 31.12.25 29.6.2026 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13313382 2024-12-31 13313382 2025-12-31 13313382 2025-01-01 2025-12-31 13313382 2023-09-30 13313382 2023-10-01 2024-12-31 13313382 2024-12-31 13313382 ns15:EnglandWales 2025-01-01 2025-12-31 13313382 ns14:PoundSterling 2025-01-01 2025-12-31 13313382 ns10:Director1 2025-01-01 2025-12-31 13313382 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13313382 ns10:SmallEntities 2025-01-01 2025-12-31 13313382 ns10:Audited 2025-01-01 2025-12-31 13313382 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 13313382 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 13313382 ns10:FullAccounts 2025-01-01 2025-12-31 13313382 ns10:Director3 2025-01-01 2025-12-31 13313382 ns10:RegisteredOffice 2025-01-01 2025-12-31 13313382 ns5:CurrentFinancialInstruments 2025-12-31 13313382 ns5:CurrentFinancialInstruments 2024-12-31 13313382 ns5:Non-currentFinancialInstruments 2025-12-31 13313382 ns5:Non-currentFinancialInstruments 2024-12-31 13313382 ns5:ShareCapital 2025-12-31 13313382 ns5:ShareCapital 2024-12-31 13313382 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 13313382 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 13313382 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 13313382 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 13313382 ns5:DeferredTaxation 2024-12-31 13313382 ns5:DeferredTaxation 2025-01-01 2025-12-31 13313382 ns5:DeferredTaxation 2025-12-31

REGISTERED NUMBER: 13313382 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Weroad UK Ltd

| Weroad UK Ltd (Registered number: 13313382) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Weroad UK Ltd |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Elena Giombelli

| Paolo De Nadai

| REGISTERED OFFICE: | 1 Wework Moor Place, Fore Street Avenue,

| London

| EC2Y 9DT

| REGISTERED NUMBER: | 13313382 (England and Wales)

| AUDITORS: | Merali's

| Chartered Accountants & Statutory Auditors

| Scottish Provident House

| 76-80 College Road

| Harrow

| Middlesex

| HA1 1BQ

| Weroad UK Ltd (Registered number: 13313382) |

Balance Sheet

31 December 2025

2025 | 2024 |

| Notes | £ | £

CURRENT ASSETS

Debtors | 4 | 519,735 |  | 1,513,609 |  |

Cash at bank | 391,154 |  | 822,789 |  |

910,889 |  | 2,336,398 |  |

CREDITORS

Amounts falling due within one year | 5 | (736,417 | ) | (1,471,920 | ) |

NET CURRENT ASSETS | 174,472 |  | 864,478 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 174,472 |  | 864,478 |  |

CREDITORS

Amounts falling due after more than one year | 6 | - |  | (552,589 | ) |

NET ASSETS | 174,472 |  | 311,889 |  |

CAPITAL AND RESERVES

Called up share capital | 7,743,753 |  | 7,094,809 |  |

Retained earnings | (7,569,281 | ) | (6,782,920 | ) |

174,472 |  | 311,889 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by:

Paolo De Nadai - Director

| Weroad UK Ltd (Registered number: 13313382) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Weroad UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable when the tour is completed (when tour returns).

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Going concern

| The financial statements have been prepared on a going concern basis. The Company has continued to incur net losses and has a significant retained earnings deficit. Management does not forecast net profits in the next 12 months and the Company remains dependent on financial support from its parent company and the wider group.

| In making their assessment, the directors have considered the improvement in trading performance, including reduced net losses, increased revenues, improved gross profit margin and significantly lower administrative expenses. The directors have also considered that the Company has no third-party secured borrowings, the parent company loan has been repaid, certain amounts due to the parent company have been capitalised, and the parent company and wider group continue to provide financial support.

| Based on this assessment, the directors consider it appropriate to prepare the financial statements on a going concern basis. However, the dependency on continued group support, together with recurring losses and the retained earnings deficit, represents a material uncertainty which may cast significant doubt on the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that would be required if the Company were unable to continue as a going concern.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 9 (2024 - 9 ) .

| Weroad UK Ltd (Registered number: 13313382) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

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

2025 | 2024 |

| £ | £

| Trade debtors | - |  | 463,455 |  |

| Amounts owed by group undertakings | - |  | 30,644 |  |

| Travel Bonds | 265,492 |  | 222,900 |  |

| Creditors with Debit Balance | 203,520 |  | 196,255 |  |

| Other Debtors | 11,807 |  | - |  |

| VAT | 24,424 |  | 173,685 |  |

| Deferred tax asset | - |  | 426,670 |  |

| Prepayments | 14,492 |  | - |  |

519,735 |  | 1,513,609 |  |

| Deferred tax on losses is considered a medium-term item, as it is expected to reverse in more than 1 year against future taxable profits.

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

2025 | 2024 |

| £ | £

| Trade creditors | 66,551 |  | 377,662 |  |

| Social security and other taxes | - |  | 11,330 |  |

| Pension Payable | 1,414 |  | - |  |

| Other creditors | - |  | 423 |  |

| Accrued expenses | 20,941 |  | 53,849 |  |

| Deferred Income | 647,511 |  | 1,028,656 |  |

736,417 |  | 1,471,920 |  |

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

2025 | 2024 |

| £ | £

| Amounts owed to group undertakings | - |  | 552,589 |  |

7. | DEFERRED TAX

| £

| Balance at 1 January 2025 | (426,670 | ) |

| Charge to Income Statement during year | 426,670 |  |

| Balance at 31 December 2025 | - |  |

8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Ihsan Mustafa (Senior Statutory Auditor)

| for and on behalf of Merali's

| Weroad UK Ltd (Registered number: 13313382) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

9. | RELATED PARTY DISCLOSURES

| Weroad S.p.A. Italy is parent company of Weroad UK Ltd.

| Related party transactions with Weroad S.p.A. for the period ended 31st December 2025 are as below:

| Recharges of direct costs by Weroad S.p.A. during the period are £1,885,323 (2024:£1,604,819).

| Recharges of direct costs by Weroad Swiss during the period are £111,512 (2024: £0).

| Recharges of coordinator costs by Weroad Swiss during the period are £13,899 (2024:£347,994).

| Recharges of coordinator costs by Weroad S.p.A. during the period are £1,521 (2024:£115,600).

| Recharges of advertising and marketing costs by Weroad S.p.A. during the period are £83,634 (2024:£962,620).

| Management charges by Weroad S.p.A. as per service agreement are £54,866 (2024: £40,767).

| Interest on loan payable to Weroad S.p.A. during the period is £6,405 (2024: £14,550).

| Related party balances as at period ended 31st December 2025 with Weroad S.p.A. resulting from the above transactions are as below:

| Amount of loan payable to Weroad S.p.A. is £Nil (2024: £552,589). Loan is interest bearing and repayable on demand.

| Amount receivable from Weroad S.p.A. is £203,520 (2024: £196,255).

| Amount payable to Weroad Italia S.p.A.is £Nil (2024: £193).

| Amount of trade receivable from Weroad Spain is £Nil (2024:£12,492).

| Amount of trade receivable from Weroad France is £Nil (2024:£18,152).

| Amount of trade payables from Weroad Swiss is £58,395 (2024:£307,085).

| Loan payable by the company to WeRoad S.p.A. £Nil (2024: £552,589) of this (2024:£474,000) is a subordinated loan in favour of the Civil Aviation Authority (CAA).

| Further issue of 648,944 ordinary shares at £1 as capitalisation of credit balance with Weroad S.p.A.

10. | COMPARATIVE FIGURES

| Margin on cost of sales recharges by the parent and affiliate entities has been reclassified from administrative expenses to cost of sales in the comparative period to align with the current year presentation. This reclassification has no impact on profit before tax.

| .