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REGISTERED NUMBER: 01570287 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31st March 2023

for

Ithica Limited

Ithica Limited (Registered number: 01570287)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ithica Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: W H Mather
Mrs F F Mather





REGISTERED OFFICE: 165 West Court
Burbage
Marlborough
Wiltshire
SN8 3BW





REGISTERED NUMBER: 01570287 (England and Wales)





ACCOUNTANTS: Bew & Co Limited
Chartered Accountants
130 High Street
Marlborough
Wiltshire
SN8 1LZ

Ithica Limited (Registered number: 01570287)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 609 717

CURRENT ASSETS
Debtors 5 2,231 3,999
Cash at bank 105,827 170,204
108,058 174,203
CREDITORS
Amounts falling due within one year 6 720 9,405
NET CURRENT ASSETS 107,338 164,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,947

165,515

PROVISIONS FOR LIABILITIES 116 136
NET ASSETS 107,831 165,379

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,731 165,279
107,831 165,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ithica Limited (Registered number: 01570287)

Balance Sheet - continued
31st March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th October 2023 and were signed on its behalf by:





W H Mather - Director


Ithica Limited (Registered number: 01570287)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Ithica 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Ithica Limited (Registered number: 01570287)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 4,852
DEPRECIATION
At 1st April 2022 4,135
Charge for year 108
At 31st March 2023 4,243
NET BOOK VALUE
At 31st March 2023 609
At 31st March 2022 717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 2,231 3,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security - 8,686
Other creditors 720 719
720 9,405

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2023 and 31st March 2022:

31.3.23 31.3.22
£    £   
W H Mather
Balance outstanding at start of year 2,000 -
Amounts advanced 1,115 2,000
Amounts repaid (2,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,115 2,000

Ithica Limited (Registered number: 01570287)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs F F Mather
Balance outstanding at start of year 2,000 -
Amounts advanced 1,116 2,000
Amounts repaid (2,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,116 2,000