Wheelshare (London) Ltd


Directors	Kasirer, Israel
	Michael, David
	Perry, Ido
	Slater, Meir


Registered Address	3rd Floor Waverley House
	7-12 Noel Street
	London
	W1F 8GQ


Registered Number	14227325 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		36,441		2,111
			36,441		2,111
Current assets
Debtors	4	65,644		47,225
Cash at bank and on hand		9,931		50,327
		75,575		97,552
Creditors amounts falling due within one year	5	(92,892)		(58,135)
Net current assets (liabilities)			(17,317)		39,417
Total assets less current liabilities			19,124		41,528
Creditors amounts falling due after one year	6		(3,842)		(27,653)
Provisions for liabilities			(255)		(255)
Net assets			15,027		13,620
Capital and reserves
Called up share capital			10,000		10,000
Profit and loss account			5,027		3,620
Shareholders' funds			15,027		13,620

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 August 2026, and are signed on its behalf by:

Slater, Meir
Director
Registered Company No. 14227325

Wheelshare (London) Ltd

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). In accordance with FRS 102, the Company has taken advantage of the disclosure exemptions available under FRS 102 Section 1A.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The directors do not believe that any critical judgement has been made in the process of applying the company's accounting policies that would have a material effect in the statutory financial statements.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors do not believe that any critical judgement has been made in the process of applying the company's accounting policies that would have a material effect in the statutory financial statements.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	5
	Office Equipment	5

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		3

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 25	1,763	459	2,222
Additions	38,661	-	38,661
At 31 December 25	40,424	459	40,883
Depreciation and impairment
At 01 January 25	88	23	111
Charge for year	4,239	92	4,331
At 31 December 25	4,327	115	4,442
Net book value
At 31 December 25	36,097	344	36,441
At 31 December 24	1,675	436	2,111

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	57,192	42,240
Other debtors	3,683	3,684
Prepayments and accrued income	4,769	1,301
Total	65,644	47,225

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,110	581
Taxation and social security	18,431	2,979
Accrued liabilities and deferred income	72,351	54,575
Total	92,892	58,135

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Amounts owed to related parties	3,842	27,653
Total	3,842	27,653

7.	Related party transactions
	At the balance sheet date, Wheelshare (London) Ltd owe £3,842 (2024: £27,653) to their parent entity, WheelShare Ltd (Israel). All amounts are unsecured subject to the terms of Loan Agreement between the two companies. Wheelshare (London) Ltd provides marketing, business development and customer support services in the UK to its parent, WheelShare Ltd (Israel). Fees are calculated based on the Company’s marketing expenses for the period, reduced by related income generated in the territory. At balance sheet date, marketing fees incurred in relation to WheelShare Ltd (Israel) were £208,000 (2024: £300,000).

Related party transactions

At the balance sheet date, Wheelshare (London) Ltd owe £3,842 (2024: £27,653) to their parent entity, WheelShare Ltd (Israel). All amounts are unsecured subject to the terms of Loan Agreement between the two companies.

Wheelshare (London) Ltd provides marketing, business development and customer support services in the UK to its parent, WheelShare Ltd (Israel). Fees are calculated based on the Company’s marketing expenses for the period, reduced by related income generated in the territory. At balance sheet date, marketing fees incurred in relation to WheelShare Ltd (Israel) were £208,000 (2024: £300,000).

8.	Controlling party
	Wheelshare (London) Ltd's parent undertaking is Wheelshare Ltd, a company incorporated in Israel with registered office address 21 Melacha St., Rosh HaAyin 4809157, Israel. Wheelshare (London) Ltd’s ultimate controlling party is Mr Barak Dotan.

9.	Further information regarding the company's financial position
	During the financial year, Wheelshare (London) Ltd acted as an agent in collecting donations on behalf of a charity under a contractual agreement. According to the agreement, the donations received are on behalf of the charity, and Wheelshare (London) Ltd acts solely as an agent, collecting and passing along the donations in line with the principle of substance over form. Wheelshare (London) Ltd has an obligation to transfer the donations to the charity, which is disclosed as a liability. The donations received from customers are recognized as a liability towards the charity in the balance sheet. Bank fees incurred in the process are accounted for under a bank fees control account in the balance sheet. Payments made to the charity are accounted against the liability and the bank fees control account. There is no impact on VAT or Corporation Tax for these transactions.

Further information regarding the company's financial position

During the financial year, Wheelshare (London) Ltd acted as an agent in collecting donations on behalf of a charity under a contractual agreement. According to the agreement, the donations received are on behalf of the charity, and Wheelshare (London) Ltd acts solely as an agent, collecting and passing along the donations in line with the principle of substance over form. Wheelshare (London) Ltd has an obligation to transfer the donations to the charity, which is disclosed as a liability.

The donations received from customers are recognized as a liability towards the charity in the balance sheet. Bank fees incurred in the process are accounted for under a bank fees control account in the balance sheet. Payments made to the charity are accounted against the liability and the bank fees control account. There is no impact on VAT or Corporation Tax for these transactions.

10.	Prior period policy changes
	In the year ended December 2025 the costs related to insurance and depreciation have been reclassified to improve comparability of the financial statements. The insurance and depreciation costs included in administrative expenses for year ended December 2024 have been reclassified to cost of sales, as they relate directly to operational activities and revenue generation. The reclassification has no impact on the profit for the year or net assets.

10.

Prior period policy changes

In the year ended December 2025 the costs related to insurance and depreciation have been reclassified to improve comparability of the financial statements. The insurance and depreciation costs included in administrative expenses for year ended December 2024 have been reclassified to cost of sales, as they relate directly to operational activities and revenue generation. The reclassification has no impact on the profit for the year or net assets.