IC FRITH SERVICE CONTRACTS LIMITED iXBRL

Company Registration Number: 15543908

IC FRITH SERVICE CONTRACTS LIMITED

Annual Report and Financial Statements

for the financial period from 6 March 2024 (date of incorporation) to 30 June 2025

IC FRITH SERVICE CONTRACTS LIMITED

DIRECTORS AND OTHER INFORMATION


Directors	Martin Donaghy (Appointed 6 March 2024)
	Simon Drew Cook (Appointed 1 August 2025)
	Anthony David Jones (Appointed 6 March 2024)
	Brendan David Lavercombe (Appointed 6 March 2024, Resigned 31 July 2025)


Company Registration Number	15543908


Registered Office and Business Address	Brennan House
	Farnborough Aerospace Centre Business Park
	Farnborough
	GU14 6XR


Independent Auditors	Visio Advisory Limited
	Chartered Accountants and Statutory Audit Firm
	182 Howth Road
	Sutton Cross
	Dublin 13

IC FRITH SERVICE CONTRACTS LIMITED

DIRECTORS' REPORT

for the financial period from 6 March 2024 (date of incorporation) to 30 June 2025

The directors present their report and the audited financial statements for the financial period from 6 March 2024 (date of incorporation) to 30 June 2025.

Principal Activity

The company is classified as an insurance intermediary, who are authorised and regulated by the Financial Conduct Authority with Firm Reference Number 1014736.

Principal Risks and Uncertainties

The Company is exposed to a range of risks inherent in operating as an insurance intermediary. The most significant risks relate to changes in regulatory requirements, which may affect business processes, capital requirements and the ability to distribute insurance products. Market risks, including fluctuations in consumer demand and competitive pricing pressure, may impact commission income and overall profitability.

Directors

The directors who served during the financial period are as follows:

Martin Donaghy (Appointed 6 March 2024)

Simon Drew Cook (Appointed 1 August 2025)

Anthony David Jones (Appointed 6 March 2024)

Brendan David Lavercombe (Appointed 6 March 2024, Resigned 31 July 2025)

There were no changes in shareholdings between 30 June 2025 and the date of signing the financial statements.

Simon Drew Cook held 948,257 shares in the Parent Company, ICF Holdings Pty Limited, at the beginning and end of the year.

Anthony David Jones held 474,129 shares in the Parent Company, ICF Holdings Pty Limited, at the beginning and end of the year.

Brendan David Lavercombe and Martin Donaghy had no direct beneficial interest in the shares of the parent company at the beginning or end of the financial period

In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial period.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

-select suitable accounting policies and apply them consistently;

-make judgements and accounting estimates that are reasonable and prudent;

-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of Information to Auditor

Each persons who are directors at the date of approval of this report confirms that:

In so far as the directors are aware:

-there is no relevant audit information (information needed by the company's auditor in connection with preparing the auditor's report) of which the company's auditor is unaware, and

-the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Auditors

The auditors, Visio Advisory Limited, (Chartered Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Martin Donaghy

Simon Drew Cook

Director

17 December 2025

INDEPENDENT AUDITOR'S REPORT

to the Shareholders of IC FRITH SERVICE CONTRACTS LIMITED

Report on the audit of the financial statements

Opinion

We have audited the financial statements of IC FRITH SERVICE CONTRACTS LIMITED ('the company') for the financial period from 6 March 2024 (date of incorporation) to 30 June 2025 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity, the Statement of Cash Flows and the related notes to the financial statements, including significant accounting policies set out in note . The financial reporting framework that has been applied in their preparation is applicable Law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its loss for the financial period then ended;

-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit; or

the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Directors' Report.

Responsibilities of directors for the financial statements

The directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this report, located at page , which is to be read as an integral part of our report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

__________________________________

VISIO ADVISORY LIMITED

Chartered Accountants and Statutory Audit Firm

182 Howth Road

Sutton Cross

Dublin 13

17 December 2025

IC FRITH SERVICE CONTRACTS LIMITED

APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

IC FRITH SERVICE CONTRACTS LIMITED

PROFIT AND LOSS ACCOUNT

for the financial period from 6 March 2024 (date of incorporation) to 30 June 2025

Jun 25

Notes


Administrative expenses		(15,288)
Other operating income		11
		─────────
Loss before taxation		(15,277)

Tax on loss	6	-
		─────────
Loss for the financial period	11	(15,277)
		─────────
Total comprehensive income		(15,277)
		═════════

IC FRITH SERVICE CONTRACTS LIMITED

Company Registration Number: 15543908

BALANCE SHEET

as at 30 June 2025

Jun 25

Notes

Current Assets

Debtors

1,885

Cash and cash equivalents

46,030

─────────

47,915

─────────

Creditors: amounts falling due within one year

(112)

─────────

Net Current Assets

47,803

─────────

Total Assets less Current Liabilities

47,803

Creditors:

amounts falling due after more than one year

(23,080)

─────────

Net Assets

24,723

═════════

Capital and Reserves

Called up share capital

40,000

Retained earnings

(15,277)

─────────

Equity attributable to owners of the company

24,723

═════════

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Approved by the Board and authorised for issue on 17 December 2025 and signed on its behalf by



________________________________			________________________________
Martin Donaghy			Simon Drew Cook
Director			Director

IC FRITH SERVICE CONTRACTS LIMITED

STATEMENT OF CHANGES IN EQUITY

as at 30 June 2025

Called up

Retained

Total

share

earnings

capital

Loss for the financial period

(15,277)

─────────

Net proceeds of equity

ordinary share issue	40,000	-	40,000
	─────────	─────────	─────────
At 30 June 2025	40,000	(15,277)	24,723
	═════════	═════════	═════════

IC FRITH SERVICE CONTRACTS LIMITED

STATEMENT OF CASH FLOWS

for the financial period from 6 March 2024 (date of incorporation) to 30 June 2025

		Jun 25
	Notes	£

Cash flows from operating activities

Loss for the financial period

(15,277)

Adjustments for:

Profit/loss on disposal of tangible assets

898

─────────

(14,379)

Movements in working capital:

Movement in debtors

(1,885)

Movement in creditors

112

─────────

Cash (used in)/generated from operations

(16,152)

─────────

Cash flows from investing activities

Receipts from sales of tangible assets

(898)

─────────

Cash flows from financing activities

Issue of equity share capital		40,000
Advances from subsidiaries/group companies		23,080
		─────────
Net cash generated from financing activities		63,080
		─────────

Cash and cash equivalents at end of financial period	8	46,030
		═════════

IC FRITH SERVICE CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the financial period from 6 March 2024 (date of incorporation) to 30 June 2025

General Information

IC FRITH SERVICE CONTRACTS LIMITED is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 15543908. The registered office of the company is Brennan House, Farnborough Aerospace Centre Business Park, Farnborough, GU14 6XR which is also the principal place of business of the company. The company is classified as an insurance intermediary, who are authorised and regulated by the Financial Conduct Authority with Firm Reference Number 1014736. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 30 June 2025 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The financial statements are for the 15 month 25 days period from 6 March 2024 (date of incorporation) to 30 June 2025.

Statement on previous periods

The company did not present financial statements for previous periods.

Employees

The average monthly number of employees, including directors, during the financial period was 0, (Mar 24 - 0).

Tax on loss

Jun 25

Analysis of charge in the financial period

Current tax:

Corporation tax

═════════

No charge to tax arises due to tax losses incurred.


7.	Debtors	Jun 25
		£

	Prepayments and accrued income	1,885
		═════════


8.	Cash and cash equivalents	Jun 25
		£

	Cash and bank balances	46,030
		═════════


9.	Creditors	Jun 25
	Amounts falling due within one year	£

	Accruals	112
		═════════


10.	Creditors	Jun 25
	Amounts falling due after more than one year	£

	Amounts owed to group undertakings	23,080
		═════════


11.	Income Statement

		Jun 25
		£

	At 6 March 2024	-
	Loss for the financial period	(15,277)
		─────────
	At 30 June 2025	(15,277)
		═════════

12.

Capital commitments

The company had no material capital commitments at the financial period-ended 30 June 2025.

13.

Related party transactions

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group undertakings.

14.

Parent company

The company regards ICF HOLDINGS PTY LTD as its parent company.

The parent of the largest group in which the results are consolidated is ICF Holdings Pty Limited.

ICF Holdings Pty Limited is registered in Australia.

15.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial period-end.