REGISTERED NUMBER: 03572997 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

FISITA (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Mason

N J Reed

M Gradu

J P Fox

Dr B M Silverstone

Ms E Ubartaite

SECRETARY:

D Foster

REGISTERED OFFICE:

New Mead Barn

Wickham Hall

Hadham Road

Bishop's Stortford

Hertfordshire

CM23 1JG

REGISTERED NUMBER:

03572997 (England and Wales)

AUDITORS:

Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

5

393,282

403,956

CURRENT ASSETS

Debtors

6

665,562

473,751

Investments

7

936,794

859,848

Cash at bank

42,108

294,585

1,644,464

1,628,184

CREDITORS

Amounts falling due within one year

8

1,708,017

1,673,787

NET CURRENT LIABILITIES

(63,553

)

(45,603

)

TOTAL ASSETS LESS CURRENT LIABILITIES

329,729

358,353

CREDITORS

Amounts falling due after more than one year

9

(114,366

)

(135,720

)

PROVISIONS FOR LIABILITIES

10

-

(3,593

)

NET ASSETS

215,363

219,040

CAPITAL AND RESERVES

Called up share capital

300,000

300,000

Retained earnings

(84,637

)

(80,960

)

215,363

219,040

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 6th February 2026 and were signed on its behalf by:

C J Mason - Director

1.	STATUTORY INFORMATION

FISITA (UK) 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 as modified by the revaluation of certain assets.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.

Turnover comprises revenue recognised by the company in respect of Honorary Committee members annual contributions recognised over the period the membership relates to on a time basis as well as income from Eruobrake, the World Automotive Summit and other activities undertaken during the year net of the applicable value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments are remeasured to fair value at each Balance sheet date.

Changes in fair value are recognised in the profit or loss account for the period. Fair value is estimated using market value prices provided by the fund managers.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	AUDITORS' REMUNERATION

2025

2024

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

4,800

4,800

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1st January 2025

494,258

10,661

37,252

542,171

Additions

-

-

6,429

6,429

Disposals

-

-

(8,251

)

(8,251

)

At 31st December 2025

494,258

10,661

35,430

540,349

DEPRECIATION

At 1st January 2025

104,667

10,661

22,887

138,215

Charge for year

9,554

-

7,549

17,103

Eliminated on disposal

-

-

(8,251

)

(8,251

)

At 31st December 2025

114,221

10,661

22,185

147,067

NET BOOK VALUE

At 31st December 2025

380,037

-

13,245

393,282

At 31st December 2024

389,591

-

14,365

403,956

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

433,199

312,090

Other debtors

232,363

161,661

665,562

473,751

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other

936,794

859,848

The fair vale of the current fixed asset investments at 31 December 2025 is £936,794 (2024: £859,848)

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

27,586

27,586

Trade creditors

102,586

18,884

Taxation and social security

43,046

43,283

Other creditors

1,534,799

1,584,034

1,708,017

1,673,787

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

114,366

135,720

10.	PROVISIONS FOR LIABILITIES

2024

£

Deferred tax

3,593

Deferred

tax

£

Balance at 1st January 2025

3,593

Provided during year

(116,930

)

Balance at 31st December 2025

(113,337

)

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeff Oliver (Senior Statutory Auditor)

for and on behalf of Cook & Partners Limited

12.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is the Federation Internationale des Societes d'Ingenieurs des Teschniques de l'Automobile (FISITA), which is an association, established under French law. Copies of the parents' consolidated finanial statements may be obtained from FISITA headquarters at 29 Parsonage Lane, Stansted, Essex, CM24 8GF.

13.	SECURED LOANS

The company received bank loans of £320,000 in 2015, terms were renegotiated in 2020 as follows; repayable over a term of 11 years including interest at 3.88% per annum for the first 5 years and 3.67% above bank base rate thereafter.

The bank loans are secured by way of fixed charge over the company's freehold property and a fixed and floating charge over all other assets.