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REGISTERED NUMBER: 14300156 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

ITC 001 Limited

| ITC 001 Limited (Registered number: 14300156) |

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Chartered Accountants' Report | 5 |

| ITC 001 Limited |

Company Information

for the Year Ended 31 August 2025

| DIRECTORS: | M Phillips

| Mrs A Phillips

| REGISTERED OFFICE: | First Floor

| 228 High Street

| Exeter

| Devon

| EX4 3NE

| REGISTERED NUMBER: | 14300156 (England and Wales)

| ACCOUNTANTS: | RT Marke & Co Limited

| 5 Barnfield Crescent

| Exeter

| Devon

| EX1 1QT

| ITC 001 Limited (Registered number: 14300156) |

Balance Sheet

31 August 2025

31.8.25 | 31.8.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Investment property | 4 | 233,785 |  | 233,785 |  |

CURRENT ASSETS

Debtors | 5 | 2,843 |  | 6,996 |  |

Cash at bank and in hand | 8,151 |  | 1,025 |  |

10,994 |  | 8,021 |  |

CREDITORS

Amounts falling due within one year | 6 | 72,278 |  | 78,477 |  |

NET CURRENT LIABILITIES | (61,284 | ) | (70,456 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 172,501 |  | 163,329 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 168,800 |  | 160,606 |  |

NET ASSETS | 3,701 |  | 2,723 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 3,601 |  | 2,623 |  |

3,701 |  | 2,723 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 11 May 2026 and were signed on its behalf by:

M Phillips - Director

| ITC 001 Limited (Registered number: 14300156) |

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | STATUTORY INFORMATION

| ITC 001 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Turnover

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

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Financial instruments

| (i) Financial assets

| Basic financial assets, including trade and other debtors are initially recognised at the transaction price and therefore 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 debtors are stated at cost less impairment losses for bad and doubtful debts.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| (ii) Financial liabilities

| Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction.

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

| ITC 001 Limited (Registered number: 14300156) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

4. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1 September 2024

| and 31 August 2025 | 233,785 |  |

| NET BOOK VALUE

| At 31 August 2025 | 233,785 |  |

| At 31 August 2024 | 233,785 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.8.25 | 31.8.24 |

| £ | £

| Other debtors | 2,843 |  | 6,996 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

31.8.25 | 31.8.24 |

| £ | £

| Bank loans and overdrafts | - |  | 8,194 |  |

| Trade creditors | 964 |  | - |  |

| Taxation and social security | 230 |  | 449 |  |

| Other creditors | 71,084 |  | 69,834 |  |

72,278 |  | 78,477 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

31.8.25 | 31.8.24 |

| £ | £

| Bank loans | 168,800 |  | 160,606 |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| At the year end there was and overdrawn directors loan account of £2,773 in respect of cash advances. This amount is interest free, repayable on demand and was repaid in full after the year end.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

ITC 001 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ITC 001 Limited for the year ended 31 August 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of ITC 001 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ITC 001 Limited and state those matters that we have agreed to state to the Board of Directors of ITC 001 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ITC 001 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ITC 001 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ITC 001 Limited. You consider that ITC 001 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ITC 001 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

RT Marke & Co Limited

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

Date: .............................................