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Registered number: 14098891
Itb Holdings Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Athena Accountants & Business Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14098891
30 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,627,261 2,613,210
2,627,261 2,613,210
CURRENT ASSETS
Debtors 5 526,475 535,000
Cash at bank and in hand 407,447 4,514
933,922 539,514
Creditors: Amounts Falling Due Within One Year 6 (757,324 ) (176,715 )
NET CURRENT ASSETS (LIABILITIES) 176,598 362,799
TOTAL ASSETS LESS CURRENT LIABILITIES 2,803,859 2,976,009
Creditors: Amounts Falling Due After More Than One Year 7 (2,170,673 ) (2,613,000 )
NET ASSETS 633,186 363,009
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 633,086 362,909
SHAREHOLDERS' FUNDS 633,186 363,009
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mrs Amanda Burch
Director
26/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Itb Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14098891 . The registered office is Unit 5 The Cobden Centre, Didcot, OX11 7HL.
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 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. Taxation
Income tax expense represents the sum of the tax currently payable.
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 years 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.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.4. Investment in subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Investments
Unlisted
£
Cost
As at 1 May 2023 2,613,210
Additions 14,051
As at 30 April 2024 2,627,261
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 2,627,261
As at 1 May 2023 2,613,210
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Page 4
5. Debtors
30 April 2024 30 April 2023
£ £
Due within one year
Prepayments and accrued income 511,475 535,000
Other debtors 15,000 -
526,475 535,000
6. Creditors: Amounts Falling Due Within One Year
30 April 2024 30 April 2023
£ £
Trade creditors 42 -
Corporation tax 117,719 87,941
VAT 95,889 -
Other creditors 201 210
Directors' loan accounts 75,000 -
Amounts owed to subsidiaries 468,473 88,564
757,324 176,715
The loans advanced to subsidiaries are unsecured, interest free and repayable as cashflow permits.
7. Creditors: Amounts Falling Due After More Than One Year
30 April 2024 30 April 2023
£ £
Amounts owed to subsidiaries 2,170,673 2,613,000
The loan of £2,613,000 relates to the purchase of 100% of the Share Capital of Didcot Hire Limited on 14 November 2022. The loan is interest free, unsecured and repayable after 12 months. 
8. Share Capital
30 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4