Company No: 16847854 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2026
		£
Current assets
Debtors	3	1,576,122
Investments	4	20
Cash at bank and in hand		7,681
		1,583,823
Creditors: amounts falling due within one year	5	( 1,584,143)
Net current liabilities		(320)
Total assets less current liabilities		(320)
Net liabilities		( 320)
Capital and reserves
Called-up share capital	6	1,000
Profit and loss account		( 1,320 )
Total shareholders' deficit		( 320)

For the financial period ending 31 March 2026 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 financial statements for the financial period in accordance with section 476;
• The directors acknowledge 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 Pettit FIC Ltd (registered number: 16847854) were approved and authorised for issue by the Board of Directors on 30 September 2026. They were signed on its behalf by:

Mr S Pettit Director

1. Accounting policies

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

General information and basis of accounting

Pettit FIC Ltd (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 Sigma House, Oak View Close, Torquay, TQ2 7FF, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £320. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Reporting period length

The company was incorporated on 11 November 2025 and the decision was made to produce financial statements to 31 March 2026 to bring these in-line with other associated companies and as such the figures are presented for a 5 month period. These are the company’s first financial statements and therefore no comparative figures have been presented.

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.

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. Employees

	Period from 11.11.2025 to 31.03.2026
	Number
Monthly average number of persons employed by the Company during the period, including directors	0

3. Debtors

	31.03.2026
	£
Other debtors	1,576,122

4. Current asset investments

	31.03.2026
	£
Investments in Subsidaries	20

5. Creditors: amounts falling due within one year

	31.03.2026
	£
Amounts owed to directors	1,582,843
Accruals	1,300
	1,584,143

6. Called-up share capital

	31.03.2026
	£
Allotted, called-up and fully-paid
490 Ordinary A shares of £ 1.00 each	490
200 Ordinary B shares of £ 1.00 each	200
310 Ordinary C shares of £ 1.00 each	310
	1,000

During the period, Share Capital of 490 Ordinary £1 shares, 200 Ordinary B £1 shares and 310 Ordinary C £1 shares were allotted on incorporation of the company.

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	31.03.2026
	£
Loans to subsidiary companies	1,576,122

During the period, the company made loans to its subsidiary companies. There is no formal loan agreement in place and therefore this loan is treated as payable on demand, bears no interest and is recognised within debtors due within one year.