Insit Group UK Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—5

1. General Information

Insit Group UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15322606 . The registered office is 19 The Circle, Queen Elizabeth Street,, London,, United Kingdom, SE1 2JE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company is reliant for its working capital on funds provided to it by the parent company, Insit Industria S.p.a, who have confirmed that they will continue to make such funds available to the Company for a period of 12 months from the date of approval of these financial statements and, in particular, will not seek repayment of the amounts currently made available. This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due.

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Significant judgements and estimations

In the application of the Company's accounting policies, which are described in note 2, the directors are required to make judgements (other than those involving estimations) that have a significant impact on the amounts recognised and to make estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Significant judgements

i) Determine whether leases entered into by the company either as a lessor or a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

ii) Determining when the significant risks and rewards have transferred to the customer and a sale is recognised, please refer to the revenue recognition accounting policy.

iii) Determine whether there are indicators of impairment of the company's tangible and intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold Property	Depreciate after ready for use
Office Equipment	25% on SLM

The leasehold property will be depreciated on a straight line basis over the lease term from the date it becomes available for use.

2.5. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Insit Group UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Trade and other debtors

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded

at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than

one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and

subsequently at amortised cost, net of impairment.

2.9. Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the

effective interest method unless the effect of discounting would me immaterial, in which case they are stated at cost.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Land & Property
	Leasehold Property	Office Equipment	Total
	£	£	£
Cost
As at 1 January 2025	-	-	-
Additions	189,810	3,045	192,855

As at 31 December 2025	189,810	3,045	192,855

Depreciation
As at 1 January 2025	-	-	-
Provided during the period	-	190	190

As at 31 December 2025	-	190	190

...CONTINUED

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Insit Group UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	189,810	2,855	192,665

As at 1 January 2025	-	-	-

5. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Prepayments and accrued income	725,995	-
Other debtors	307,782	-
VAT	88,503	3,434

	1,122,280	3,434

6. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	361,675	-
Bank overdraft	803,009	-
Accruals and deferred income	21,028	3,000
Directors' loan accounts	3,593	1,476
Amounts owed to subsidiaries	-	74,917

	1,189,305	79,393

7. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	100	100

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2025	31 December 2024
	£	£
Not later than one year	734,230	-
Later than one year and not later than five years	2,999,330	-
Later than five years	3,808,652	-

	7,542,212	-

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Insit Group UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Reserves

During the year ended 31 December 2025, the Company received cash consideration of £1,133,149 in respect of new ordinary shares to be issued. Amounts received in advance of the formal issue of shares are recognised within other reserves. These amounts will be transferred to the share premium account once the related ordinary shares are formally issued and allotted.

10. Related Party Disclosures

At the balance sheet date, included within creditors, is an amount of £1,797 (2024:£738) due to A DEBENEDETTI,director of the company.

At the balance sheet date, included within creditors, is an amount of £1,797 (2024:£738) due to L GALGANI BURGO, director of the company.

At the balance sheet date, included within creditors, is an amount of £NIL (2024: £74,917) due to to Insit Industria S.P.A.

Amounts due to directors are interest free and will be repaid within 9 months from the year end.

11. Controlling Parties

As at the balance sheet date the immediate controlling undertaking is Insit Industria S.P.A, a company incorporated in Italy.

Copies of the consolidated financial statements are available from the company secretary. The registered company address is: Insit, Industria Spa, Corso Govone, Turin, Italy, 18 10129.

As at the balance sheet date the ultimate controlling undertaking is Insit S.r.l., a company incorporated in Italy.

Copies of the consolidated financial statements are available from the company secretary. The registered company address is: Insit Sr.l., Corso Govone, Turin, Italy, 18 10129.

12. Audit Information

The auditor's report on the accounts of Insit Group UK Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Michael Whyke FCA CF (Senior Statutory Auditor) for and on behalf of Anstey Bond LLP , Statutory Auditor.

Anstey Bond LLP

Statutory Auditors & Chartered Accountants

1-2 Charterhouse Mews

London

EC1M 6BB

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		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		192,665		-

			192,665		-
CURRENT ASSETS
Debtors	5	1,122,280		3,434
Cash at bank and in hand		189,365		4,316

		1,311,645		7,750
Creditors: Amounts Falling Due Within One Year	6	(1,189,305 )		(79,393 )

NET CURRENT ASSETS (LIABILITIES)			122,340		(71,643 )

TOTAL ASSETS LESS CURRENT LIABILITIES			315,005		(71,643 )

NET ASSETS/(LIABILITIES)			315,005		(71,643 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Other reserves			1,133,149		-
Profit and Loss Account			(818,244 )		(71,743 )

SHAREHOLDERS' FUNDS			315,005		(71,643)