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Registered number: 07728730
Franklin Fitch Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Azuki Accounts Limited
Franklin Fitch Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Franklin Fitch Limited
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 07728730

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 59,209 |  | 62,903
|  |  | 59,209 |  | 62,903
CURRENT ASSETS
Debtors | 6 | 1,929,236 |  | 2,165,288 |
Cash at bank and in hand |  | 217,848 |  | 237,310 |
|  | 2,147,084 |  | 2,402,598 |
Creditors: Amounts Falling Due Within One Year | 7 | (328,867 ) |  | (454,562 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,818,217 |  | 1,948,036
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,877,426 |  | 2,010,939
NET ASSETS |  |  | 1,877,426 |  | 2,010,939
CAPITAL AND RESERVES
Called up share capital | 8 |  | 90 |  | 1
Profit and Loss Account |  |  | 1,877,336 |  | 2,010,938
SHAREHOLDERS' FUNDS |  |  | 1,877,426 |  | 2,010,939

Page 1
Page 2
Franklin Fitch Limited
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr David Annable Director
01/07/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Franklin Fitch Limited
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
Franklin Fitch Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07728730 . The registered office is 1 Pickle Mews, London, SW9 0FJ.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs. It is amortised to profit and loss account over its estimated economic life of 3 years.
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:

Fixtures & Fittings | Straight line over 5 years
Computer Equipment | Straight line over 5 years

2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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 year 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2024: 33)
31 33
Page 3
Page 4
Franklin Fitch Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 December 2024 | 20,920
As at 30 November 2025 | 20,920
Amortisation
As at 1 December 2024 | 20,920
As at 30 November 2025 | 20,920
Net Book Value
As at 30 November 2025 | -
As at 1 December 2024 | -

5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 December 2024 | 139,553 | 124,955 | 264,508
Additions | 2,891 | 19,389 | 22,280
As at 30 November 2025 | 142,444 | 144,344 | 286,788
Depreciation
As at 1 December 2024 | 113,774 | 87,831 | 201,605
Provided during the period | 10,190 | 15,784 | 25,974
As at 30 November 2025 | 123,964 | 103,615 | 227,579
Net Book Value
As at 30 November 2025 | 18,480 | 40,729 | 59,209
As at 1 December 2024 | 25,779 | 37,124 | 62,903

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 42,870 |  | 56,828
Prepayments and accrued income | 251,339 |  | 299,257
Other debtors | 38,474 |  | 162,990
Amounts owed by related parties | 145,557 |  | 139,513
| 478,240 |  | 658,588
Due after more than one year
Amounts owed by related parties after 1 year | 1,450,996 |  | 1,506,700
| 1,929,236 |  | 2,165,288

Page 4
Page 5
Franklin Fitch Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 144,505 |  | 200,785
Corporation tax | - |  | 101,585
Other taxes and social security | 33,178 |  | 20,248
VAT | 20,471 |  | 22,882
Net wages | - |  | 1,544
Pension Payable | 2,654 |  | -
Other creditors - ITSC GmbH | 158 |  | -
Accruals and deferred income | 127,901 |  | 107,518
| 328,867 |  | 454,562

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 90 |  | 1

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 305,761 |  | 282,409
Later than one year and not later than five years | 1,818,449 |  | 1,163,455
| 2,124,210 |  | 1,445,864

10. Related Party Transactions
The company is part of a group of companies under common control.
During the year, the company had transactions with the following related parties:
• Ovalwood Limited
• Franklin Fitch Recruitment Limited
• Franklin Fitch Inc
• Franklin Fitch GmbH
• Franklin Fitch Recruitment Contract Limited
• Epcot Properties Limited
The company enters into transactions with related parties in respect of recharges of central overheads, including payroll, shared staff costs and other administrative expenses, and management charges.
At the year end, the company had the following balances with related parties:
Amounts owed by related parties (due within one year):
• Franklin Fitch Recruitment Limited – £51,950 (2024: £37,095)
• Franklin Fitch Recruitment Contract Limited – £6,426 (2024: £19,440)
• Franklin Fitch Inc – £20,166 (2024: £15,905)
• Ovalwood Limited – £56 (2024: £114)
• Franklin Fitch GmbH – £21,354 (2024: £21,354)
• Epcot Properties Limited – £40,500 (2024: £45,604)
These balances are unsecured, interest-free and repayable on demand.
...CONTINUED
Page 5
Page 6
Franklin Fitch Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
10. Related Party Transactions - continued
Amounts owed by related parties (due after more than one year):
• Epcot Properties Limited – £1,456,100 (2024: £1,506,700)
The balance with Epcot Properties Limited represents a loan receivable. The loan is governed by a mortgage agreement dated October 2023, is interest bearing at 2.7% per annum payable monthly in arrears and is repayable in full after 25 years. The loan is secured by a first legal charge over a residential property located at 70 Cathedral Road, Cardiff, CF11 9LL.
During the year, interest of £40,500 (2024: £45,604) was recognised in respect of this loan.
Dividends of £100,000 (2024: £150,000) were paid to the director, Mr David Annable, during the year.
Page 6