REGISTERED NUMBER: 11814141 (England and Wales)

Cit Inc. Limited

Unaudited Financial Statements

for the period

1 January 2024 to 30 June 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

N Gulaid

A Gulaid

N Gulaid

Registered office:

199 The Knightsbridge

Apartments 3.08

London

SW7 1RH

Registered number:

11814141 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Investments

4

-

3

Current assets

Debtors

5

85,692

-

Cash at bank

97

-

85,789

-

Creditors

Amounts falling due within one year

6

108,135

145,060

Net current liabilities

(22,346

)

(145,060

)

Total assets less current liabilities

(22,346

)

(145,057

)

Capital and reserves

Called up share capital

7

250

250

Retained earnings

8

(22,596

)

(145,307

)

(22,346

)

(145,057

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 23 April 2026 and were signed on its behalf by:

N Gulaid - Director

1.	Statutory information

Cit Inc. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about CIT Inc. Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

3.	Employees and directors

The average number of employees during the period was 3 (2023 - 3 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

3

Disposals

(1

)

Impairments

(2

)

At 30 June 2025

-

Net book value

At 30 June 2025

-

At 31 December 2023

3

5.

Debtors: amounts falling due within one year

2025

2023

£

£

Amounts owed by group undertakings

6,929

-

Other debtors

78,763

-

85,692

-

6.

Creditors: amounts falling due within one year

2025

2023

£

£

Trade creditors

61,780

67,004

Other creditors

46,355

78,056

108,135

145,060

7.	Called up share capital

Allotted, issued and fully paid

Number:

Class:

Nominal value:

2025

2023

100

Ordinary A

£1

100

100

25

Ordinary B

£1

25

25

25

Ordinary C

£1

25

25

25

Ordinary D

£1

25

25

25

Ordinary E

£1

25

25

25

Ordinary F

£1

25

25

25

Ordinary G

£1

25

25

250

250

8.

Reserves

Retained

earnings

£

At 1 January 2024

(145,307

)

Profit for the period

122,711

At 30 June 2025

(22,596

)

9.	Related party disclosures

Included within other creditors is a balance of £41,105 (2023 : £75,056) owed to the company directors.

Included within other debtors is a balance of £6,929 (2023: £nil) owed from a connected company.