REGISTERED NUMBER: 06377331 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WESTDRIVE COLCHESTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J Westwood

A Phillips

Registered office:

Dickens House

Guithavon Street

WITHAM

Essex

CM8 1BJ

Registered number:

06377331 (England and Wales)

Senior statutory auditor:

Steven Collins

Auditors:

Baverstocks Limited

Statutory Auditor

Chartered Certified Accountants

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

Fixed assets

Tangible assets

4

4,229,231

4,240,436

Current assets

Debtors

5

373,056

294,401

Cash at bank

26,713

14,337

399,769

308,738

Creditors

Amounts falling due within one year

6

5,335,288

3,495,797

Net current liabilities

(4,935,519

)

(3,187,059

)

Total assets less current liabilities

(706,288

)

1,053,377

Creditors

Amounts falling due after more than one year

7

-

(1,810,000

)

Provisions for liabilities

(203,135

)

(199,723

)

Net liabilities

(909,423

)

(956,346

)

Capital and reserves

Called up share capital

1

1

Retained earnings

(909,424

)

(956,347

)

Shareholders' funds

(909,423

)

(956,346

)

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 2 September 2026 and were signed on its behalf by:

J Westwood - Director

1.	Statutory information

Westdrive Colchester Limited 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.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no estimates and assumptions that have a significant risk of causing material adjustment in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery

-

10% on cost and 5% on cost

Fixtures and Fittings

-

10% on cost and 5% on cost

During the prior year the directors undertook a review of the useful life of its fixed assets resulting in a credit to profit & loss for the year of £58,807.

The company has charged no depreciation on freehold property as it's policy is to carry out a revaluation to ensure the carrying amount does not differ materially from that which would be determined using fair value at the end of the accounting period.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Going concern

The financial statements have been prepared on a going concern basis, the validity of which depends upon the continued support of the Parent Company. In the event that the company could not continue on a going concern basis then adjustments would have to be made to reduce the value of assets to their recoverable amounts, provide for any further liabilities that might arise and to reclassify fixed assets as current assets.

3.	Employees and directors

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

4.	Tangible fixed assets

Freehold

Fixtures

Land and

Plant and

and

Buildings

Machinery

Fittings

Totals

£

£

£

£

Cost

At 1 January 2025

3,792,032

422,798

164,761

4,379,591

Additions

13,796

-

5,919

19,715

At 31 December 2025

3,805,828

422,798

170,680

4,399,306

Depreciation

At 1 January 2025

-

118,452

20,703

139,155

Charge for year

-

21,140

9,780

30,920

At 31 December 2025

-

139,592

30,483

170,075

Net book value

At 31 December 2025

3,805,828

283,206

140,197

4,229,231

At 31 December 2024

3,792,032

304,346

144,058

4,240,436

Included in cost of land and buildings is freehold land of £ 1,011,624 (2024 - £ 1,011,624 ) which is not depreciated.

In the opinion of the directors the market value of the freehold land and property at 31 December 2025 is not materially different to the amount stated in the accounts.

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade Debtors

2,255

-

Amounts owed by group undertakings

340,242

262,780

Other Debtors

7,239

7,936

Prepayments and Accrued Income

23,320

23,685

373,056

294,401

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

-

20,000

Trade Creditors

50,345

38,904

Amounts owed to group undertakings

5,193,584

3,172,462

Corporation Tax

11,527

-

Social Security and Other

Taxes

21,699

19,992

Other Creditors

20,846

12,031

Directors Current Accounts

-

203,630

Accruals and Deferred Income

37,287

28,778

5,335,288

3,495,797

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank Loans

-

25,897

Bank Loans

-

258,305

Bank Loans

-

1,525,798

-

1,810,000

Amounts falling due in more than five years:

Repayable by instalments

Bank Loans

-

1,525,798

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

1,830,000

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Steven Collins (Senior Statutory Auditor)

for and on behalf of Baverstocks Limited

10.	FRC Ethical Standard - provisions available for small entities

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11.	Ultimate controlling party

The ultimate parent undertaking and immediate controlling party in Top 100 Limited, a company registered in England and Wales, which holds 100% of the company's issued share capital. The consolidated financial statements for Top 100 Limited are available from the company's registered office.

The ultimate controlling party of the Company is J Westwood as the majority shareholder of the Parent Company.