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Registered number: 12872002
Vespa Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Vespa Holdings Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Vespa Holdings Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 12872002

| 31 December 2025 | 31 December 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 4 |  | 200 |  | 100
|  |  | 200 |  | 100
CURRENT ASSETS
Debtors | 5 | 243 |  | - |
Cash at bank and in hand |  | 6,179 |  | 20,270 |
|  | 6,422 |  | 20,270 |
Creditors: Amounts Falling Due Within One Year | 6 | (5,013 ) |  | (20,147 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,409 |  | 123
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,609 |  | 223
NET ASSETS |  |  | 1,609 |  | 223
CAPITAL AND RESERVES
Called up share capital | 7 |  | 200 |  | 200
Profit and Loss Account |  |  | 1,409 |  | 23
SHAREHOLDERS' FUNDS |  |  | 1,609 |  | 223

Page 1
Page 2
Vespa Holdings Ltd
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr James Roberts Director
21 July 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Vespa Holdings Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Vespa Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12872002 . The registered office is The Pursa, Shocklach, SY14 7BT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.4. Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements on the basis that the company and its subsidiary undertaking comprise a small group as defined by Companies Act 2006.
2.5. Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. They are measured at fair value through profit and loss if the investments are publically traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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Page 4
Vespa Holdings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 100
Additions | 100
As at 31 December 2025 | 200
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 200
As at 1 January 2025 | 100

Investments represent shares in wholly owned subsidiary undertakings Quad Recruitment Limited and Dropp Rec Ltd, companies incorporated in England & Wales.
5. Debtors

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 243 |  | -

6. Creditors: Amounts Falling Due Within One Year

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 252 |  | -
Amounts owed to group undertakings | 988 |  | 19,131
Other creditors | 3,773 |  | 1,016
| 5,013 |  | 20,147

7. Share Capital

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 200 |  | 200

8. Directors Advances, Credits and Guarantees
Dividends paid to director in the year were £65,500 (2024: £75,000).
Page 4
Page 5
Vespa Holdings Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
9. Related Party Transactions
Dividends received from subsidiary companies during the year were £63,000 (2024: £76,050).
Included within creditors due within one year is a balance of £988 (2024: £19,131) owing to subsidiaries.
Included within debtors due within one year is a balance of £243 (2024: Nil) owing from subsidiaries.
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