Company No: 15388217 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investments	4	5,085,883		5,085,883
		5,085,883		5,085,883
Current assets
Debtors	5	100		100
Cash at bank and in hand	6	25		0
		125		100
Creditors: amounts falling due within one year	7	( 4,931,643)		( 4,246,790)
Net current liabilities		(4,931,518)		(4,246,690)
Total assets less current liabilities		154,365		839,193
Creditors: amounts falling due after more than one year	8	( 153,750)		( 836,875)
Net assets		615		2,318
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		515		2,218
Total shareholder's funds		615		2,318

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Foxtrot Zulu Holdings Limited (registered number: 15388217) were approved and authorised for issue by the Director on 13 May 2026. They were signed on its behalf by:

T P E Williams Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Foxtrot Zulu Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 January 2025	5,085,883
At 31 December 2025	5,085,883
Carrying value at 31 December 2025	5,085,883
Carrying value at 31 December 2024	5,085,883

5. Debtors

	2025		2024
	£		£
Other debtors	100		100

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	25		0

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to Group undertakings	4,407,378		3,882,031
Accruals	1,140		750
Taxation and social security	0		520
Other creditors	523,125		363,489
	4,931,643		4,246,790

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	153,750		836,875

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 ORDINARY shares of £ 1.00 each	100		100

10. Related party transactions

The company has taken advantage of exemption, under the terms of paragraph 33.1A of the 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.

11. Ultimate controlling party

Parent Company:

The ultimate controlling party is T P E Williams.