2023-04-012024-03-312024-03-31false02741939ITAL HOMES LIMITED2024-06-1068209iso4217:GBPxbrli:pure027419392023-04-01027419392024-03-31027419392023-04-012024-03-31027419392022-04-01027419392023-03-31027419392022-04-012023-03-3102741939bus:SmallEntities2023-04-012024-03-3102741939bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3102741939bus:FullAccounts2023-04-012024-03-3102741939bus:PrivateLimitedCompanyLtd2023-04-012024-03-3102741939core:WithinOneYear2024-03-3102741939core:AfterOneYear2024-03-3102741939core:WithinOneYear2023-03-3102741939core:AfterOneYear2023-03-3102741939core:ShareCapital2024-03-3102741939core:SharePremium2024-03-3102741939core:RevaluationReserve2024-03-3102741939core:OtherReservesSubtotal2024-03-3102741939core:RetainedEarningsAccumulatedLosses2024-03-3102741939core:ShareCapital2023-03-3102741939core:SharePremium2023-03-3102741939core:RevaluationReserve2023-03-3102741939core:OtherReservesSubtotal2023-03-3102741939core:RetainedEarningsAccumulatedLosses2023-03-3102741939core:LandBuildings2024-03-3102741939core:PlantMachinery2024-03-3102741939core:Vehicles2024-03-3102741939core:FurnitureFittings2024-03-3102741939core:OfficeEquipment2024-03-3102741939core:NetGoodwill2024-03-3102741939core:IntangibleAssetsOtherThanGoodwill2024-03-3102741939core:ListedExchangeTraded2024-03-3102741939core:UnlistedNon-exchangeTraded2024-03-3102741939core:LandBuildings2023-03-3102741939core:PlantMachinery2023-03-3102741939core:Vehicles2023-03-3102741939core:FurnitureFittings2023-03-3102741939core:OfficeEquipment2023-03-3102741939core:NetGoodwill2023-03-3102741939core:IntangibleAssetsOtherThanGoodwill2023-03-3102741939core:ListedExchangeTraded2023-03-3102741939core:UnlistedNon-exchangeTraded2023-03-3102741939core:LandBuildings2023-04-012024-03-3102741939core:PlantMachinery2023-04-012024-03-3102741939core:Vehicles2023-04-012024-03-3102741939core:FurnitureFittings2023-04-012024-03-3102741939core:OfficeEquipment2023-04-012024-03-3102741939core:NetGoodwill2023-04-012024-03-3102741939core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3102741939core:ListedExchangeTraded2023-04-012024-03-3102741939core:UnlistedNon-exchangeTraded2023-04-012024-03-3102741939core:MoreThanFiveYears2023-04-012024-03-3102741939core:Non-currentFinancialInstruments2024-03-3102741939core:Non-currentFinancialInstruments2023-03-3102741939dpl:CostSales2023-04-012024-03-3102741939dpl:DistributionCosts2023-04-012024-03-3102741939core:LandBuildings2023-04-012024-03-3102741939core:PlantMachinery2023-04-012024-03-3102741939core:Vehicles2023-04-012024-03-3102741939core:FurnitureFittings2023-04-012024-03-3102741939core:OfficeEquipment2023-04-012024-03-3102741939dpl:AdministrativeExpenses2023-04-012024-03-3102741939core:NetGoodwill2023-04-012024-03-3102741939core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3102741939dpl:GroupUndertakings2023-04-012024-03-3102741939dpl:ParticipatingInterests2023-04-012024-03-3102741939dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3102741939core:ListedExchangeTraded2023-04-012024-03-3102741939dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3102741939core:UnlistedNon-exchangeTraded2023-04-012024-03-3102741939dpl:CostSales2022-04-012023-03-3102741939dpl:DistributionCosts2022-04-012023-03-3102741939core:LandBuildings2022-04-012023-03-3102741939core:PlantMachinery2022-04-012023-03-3102741939core:Vehicles2022-04-012023-03-3102741939core:FurnitureFittings2022-04-012023-03-3102741939core:OfficeEquipment2022-04-012023-03-3102741939dpl:AdministrativeExpenses2022-04-012023-03-3102741939core:NetGoodwill2022-04-012023-03-3102741939core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3102741939dpl:GroupUndertakings2022-04-012023-03-3102741939dpl:ParticipatingInterests2022-04-012023-03-3102741939dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3102741939core:ListedExchangeTraded2022-04-012023-03-3102741939dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3102741939core:UnlistedNon-exchangeTraded2022-04-012023-03-3102741939core:NetGoodwill2024-03-3102741939core:IntangibleAssetsOtherThanGoodwill2024-03-3102741939core:LandBuildings2024-03-3102741939core:PlantMachinery2024-03-3102741939core:Vehicles2024-03-3102741939core:FurnitureFittings2024-03-3102741939core:OfficeEquipment2024-03-3102741939core:AfterOneYear2024-03-3102741939core:WithinOneYear2024-03-3102741939core:ListedExchangeTraded2024-03-3102741939core:UnlistedNon-exchangeTraded2024-03-3102741939core:ShareCapital2024-03-3102741939core:SharePremium2024-03-3102741939core:RevaluationReserve2024-03-3102741939core:OtherReservesSubtotal2024-03-3102741939core:RetainedEarningsAccumulatedLosses2024-03-3102741939core:NetGoodwill2023-03-3102741939core:IntangibleAssetsOtherThanGoodwill2023-03-3102741939core:LandBuildings2023-03-3102741939core:PlantMachinery2023-03-3102741939core:Vehicles2023-03-3102741939core:FurnitureFittings2023-03-3102741939core:OfficeEquipment2023-03-3102741939core:AfterOneYear2023-03-3102741939core:WithinOneYear2023-03-3102741939core:ListedExchangeTraded2023-03-3102741939core:UnlistedNon-exchangeTraded2023-03-3102741939core:ShareCapital2023-03-3102741939core:SharePremium2023-03-3102741939core:RevaluationReserve2023-03-3102741939core:OtherReservesSubtotal2023-03-3102741939core:RetainedEarningsAccumulatedLosses2023-03-3102741939core:NetGoodwill2022-04-0102741939core:IntangibleAssetsOtherThanGoodwill2022-04-0102741939core:LandBuildings2022-04-0102741939core:PlantMachinery2022-04-0102741939core:Vehicles2022-04-0102741939core:FurnitureFittings2022-04-0102741939core:OfficeEquipment2022-04-0102741939core:AfterOneYear2022-04-0102741939core:WithinOneYear2022-04-0102741939core:ListedExchangeTraded2022-04-0102741939core:UnlistedNon-exchangeTraded2022-04-0102741939core:ShareCapital2022-04-0102741939core:SharePremium2022-04-0102741939core:RevaluationReserve2022-04-0102741939core:OtherReservesSubtotal2022-04-0102741939core:RetainedEarningsAccumulatedLosses2022-04-0102741939core:AfterOneYear2023-04-012024-03-3102741939core:WithinOneYear2023-04-012024-03-3102741939core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3102741939core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3102741939core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3102741939core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3102741939core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3102741939core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3102741939core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3102741939core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3102741939core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3102741939core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3102741939core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3102741939core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3102741939core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3102741939core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3102741939core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3102741939core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3102741939core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3102741939core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3102741939core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3102741939core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3102741939core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3102741939core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3102741939core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3102741939core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3102741939core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3102741939core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3102741939core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3102741939bus:Director12023-04-012024-03-3102741939bus:Director22023-04-012024-03-31

ITAL HOMES LIMITED

Registered Number
02741939
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

ITAL HOMES LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

MINGALONE, Carmelina
MINGALONE, Rocco

Company Secretary

MINGALONE, Rocco

Registered Address

1b Roise Street
Bedford
MK40 1JE

Registered Number

02741939 (England and Wales)
ITAL HOMES LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,307,0292,306,592
2,307,0292,306,592
Current assets
Debtors57,95053,710
Cash at bank and on hand467,213437,012
525,163490,722
Creditors amounts falling due within one year4(73,484)(71,364)
Net current assets (liabilities)451,679419,358
Total assets less current liabilities2,758,7082,725,950
Creditors amounts falling due after one year5(1,118,250)(1,052,544)
Net assets1,640,4581,673,406
Capital and reserves
Called up share capital100100
Revaluation reserve547,668547,668
Profit and loss account1,092,6901,125,638
Shareholders' funds1,640,4581,673,406
The financial statements were approved and authorised for issue by the Board of Directors on 10 June 2024, and are signed on its behalf by:
MINGALONE, Rocco
Director
Registered Company No. 02741939
ITAL HOMES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Related parties
During the year the director entered into the following advances and credits with the company: . Balance Advance/(Credits) Balance B/fwd to the director C/fwd £ £ £ Carmelina Mingalone (975,528) (76,092) (1,051,620)
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 April 232,306,592-2,306,592
Additions-583583
At 31 March 242,306,5925832,307,175
Depreciation and impairment
Charge for year-146146
At 31 March 24-146146
Net book value
At 31 March 242,306,5924372,307,029
At 31 March 232,306,592-2,306,592
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts17,48011,476
Taxation and social security9,90213,613
Accrued liabilities and deferred income46,10246,275
Total73,48471,364
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts66,63077,016
Other creditors1,051,620975,528
Total1,118,2501,052,544