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Registration number: 04874285

ITC Compliance Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

ITC Compliance Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

ITC Compliance Limited

Company Information

Directors | Mr John David King Mr Nicholas Scarrett Mr Jason Peter Lewis Mr Martin Roy Hill Mr Marc Stuart Hulin

Registered office | 20 Fenchurch Street 5th Floor London EC3M 3BY

Accountants | Stone & Co Chartered Accountants 2 Charnwood House Marsh Road Ashton Bristol BS3 2NA

ITC Compliance Limited

(Registration number: 04874285)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |
Tangible assets | 4 |  | 199,430 | 216,088
Current assets |  |  |  |
Debtors | 5 | 657,729 |  | 766,774
Cash at bank and in hand |  | 4,419,678 |  | 3,926,738
|  | 5,077,407 |  | 4,693,512
Creditors: Amounts falling due within one year | 6 | (628,967) |  | (973,222)
Net current assets |  |  | 4,448,440 | 3,720,290
Total assets less current liabilities |  |  | 4,647,870 | 3,936,378
Provisions for liabilities |  |  | (41,868) | (45,291)
Net assets |  |  | 4,606,002 | 3,891,087
Capital and reserves |  |  |  |
Called up share capital |  | 100 |  | 100
Retained earnings |  | 4,605,902 |  | 3,890,987
Shareholders' funds |  |  | 4,606,002 | 3,891,087

ITC Compliance Limited

(Registration number: 04874285)
Balance Sheet as at 31 December 2025

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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2026 and signed on its behalf by:

.........................................

Mr Martin Roy Hill
Director

ITC Compliance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20 Fenchurch Street
5th Floor
London
EC3M 3BY

These financial statements were authorised for issue by the Board on 26 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from the sale of software and licences is recognised when the directors judge the service has been performed.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

ITC Compliance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% reducing balance
Fixtures, fittings and equipment | 20% straight line

Amortisation

Asset class | Amortisation method and rate
Development costs | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

ITC Compliance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 53 (2024 - 46).

ITC Compliance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Fixtures, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2025 | 360,257 | 360,257
Additions | 34,248 | 34,248
At 31 December 2025 | 394,505 | 394,505
Depreciation
At 1 January 2025 | 144,169 | 144,169
Charge for the year | 50,906 | 50,906
At 31 December 2025 | 195,075 | 195,075
Carrying amount
At 31 December 2025 | 199,430 | 199,430
At 31 December 2024 | 216,088 | 216,088

5 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 302,769 | 331,809
Amounts owed by group undertakings | 7 | - | 1,604
Prepayments |  | 293,862 | 409,372
Other debtors |  | 61,098 | 23,989
|  | 657,729 | 766,774

ITC Compliance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 17,211 | 78,440
Amounts owed to group undertakings | 7 | - | 59,528
Taxation and social security |  | 225,815 | 339,838
Accruals and deferred income |  | 346,946 | 440,305
Other creditors |  | 38,995 | 55,111
|  | 628,967 | 973,222

7 | Related party transactions

ITC Compliance GRP Limited is the parent company and own 100% of the share capital.
Advantage has been taken of the exemption in FRS 102 to not disclose transactions with companies that are owned 100% by ITC Compliance GRP Limited.
During the year the ultimate parent company was Tiptree Inc, a State of Maryland corporation, who indirectly owned 73.2% of the share capital.
Other than those disclosed above, no further transactions with related parties were were undertaken which are required to be disclosed under FRS102.

ITC Compliance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8 | Parent and ultimate parent undertaking

The company's immediate parent is ITC Compliance GRP Limited, incorporated in England and Wales.
During the year the ultimate parent was Tiptree Inc, a State of Maryland corporation, incorporated in the United States of America.
The most senior parent entity producing publicly available financial statements is Tiptree Inc. The financial statements are available upon request from 660 Steamboat Road, 2nd Floor, Greenwich, Connecticut 06830.

9 Post balance sheet events

In May 2026, ITC Compliance Limited's intermediate parent company, Fortegra Financial Corporation, was acquired by DB Insurance Company Ltd, a South Korean insurer. The transaction resulted in a change in the Company's indirect ownership. The acquisition did not have a financial effect on the Company for the year ended 31 December 2025, and no material financial impact is expected in future periods.