IW Topco Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11159943

		30 September 2025		30 September 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		59,804		78,133
Investments	5		1		1

			59,805		78,134
CURRENT ASSETS
Debtors	6	9,894		6,969
Cash at bank and in hand		4,097		245

		13,991		7,214
Creditors: Amounts Falling Due Within One Year	7	(178,529 )		(148,662 )

NET CURRENT ASSETS (LIABILITIES)			(164,538 )		(141,448 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(104,733 )		(63,314 )

NET LIABILITIES			(104,733 )		(63,314 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(104,833 )		(63,414 )

SHAREHOLDERS' FUNDS			(104,733)		(63,314)

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IW Topco Limited

Balance Sheet (continued)

As At 30 September 2025

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 B O'Grady

Director

20 July 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

IW Topco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11159943 . The registered office is Badger's Holt Lount Road, Osbaston, Nuneaton, CV13 0HR.

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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	4% straight line
Motor Vehicles	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 October 2024	115,623	15,916	131,539
Additions	-	1,604	1,604

As at 30 September 2025	115,623	17,520	133,143

Depreciation
As at 1 October 2024	43,359	10,047	53,406
Provided during the period	18,066	1,867	19,933

As at 30 September 2025	61,425	11,914	73,339

Net Book Value
As at 30 September 2025	54,198	5,606	59,804

As at 1 October 2024	72,264	5,869	78,133

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IW Topco Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 October 2024	1

As at 30 September 2025	1

Provision
As at 1 October 2024	-

As at 30 September 2025	-

Net Book Value
As at 30 September 2025	1

As at 1 October 2024	1

The company owns the entire issued share capital of IW GP Limited, a company registered in Scotland.

6. Debtors

	30 September 2025	30 September 2024
	£	£
Due within one year
Amounts owed by group undertakings	8,595	5,874
Other debtors	1,299	1,095

	9,894	6,969

7. Creditors: Amounts Falling Due Within One Year

	30 September 2025	30 September 2024
	£	£
Amounts owed to group undertakings	171,905	139,511
Other creditors	6,624	9,151

	178,529	148,662

8. Share Capital

	30 September 2025	30 September 2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

During the year, the company made and received loans from some of its subsidiary companies. These loans are interest free and repayable on demand.

A dividend of £Nil (2024: £127) was received from subsidiary companies during the year.

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