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REGISTERED NUMBER: 05243250 (England and Wales)















Financial Statements For The Year Ended 31st March 2025

for

Italian Foods Enterprise Ltd

Italian Foods Enterprise Ltd (Registered number: 05243250)






Contents of the Financial Statements
For The Year Ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Italian Foods Enterprise Ltd

Company Information
For The Year Ended 31st March 2025







DIRECTOR: G Valentino





REGISTERED OFFICE: 29 Ridgeway Avenue
Dunstable
LU5 4QL





REGISTERED NUMBER: 05243250 (England and Wales)





ACCOUNTANTS: Baker Britt
Chartered Accountants
63 High Street
Chislehurst
Kent
BR7 5AF

Italian Foods Enterprise Ltd (Registered number: 05243250)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,425 2,137
Investment property 5 1,100,000 1,100,000
1,101,425 1,102,137

CURRENT ASSETS
Cash at bank 21,498 23,864

CREDITORS
Amounts falling due within one year 6 394,817 415,342
NET CURRENT LIABILITIES (373,319 ) (391,478 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

728,106

710,659

CREDITORS
Amounts falling due after more than one
year

7

(4,432

)

(4,432

)

PROVISIONS FOR LIABILITIES (83,120 ) (83,120 )
NET ASSETS 640,554 623,107

CAPITAL AND RESERVES
Called up share capital 100 100
Fair Value Reserves 522,274 522,274
Retained earnings 118,180 100,733
SHAREHOLDERS' FUNDS 640,554 623,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Italian Foods Enterprise Ltd (Registered number: 05243250)

Balance Sheet - continued
31st March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th April 2025 and were signed by:





G Valentino - Director


Italian Foods Enterprise Ltd (Registered number: 05243250)

Notes to the Financial Statements
For The Year Ended 31st March 2025

1. STATUTORY INFORMATION

Italian Foods Enterprise Ltd 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.

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 - 25% on cost

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 Income Statement, 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 2 (2024 - 2 ) .

Italian Foods Enterprise Ltd (Registered number: 05243250)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2024
and 31st March 2025 5,490
DEPRECIATION
At 1st April 2024 3,353
Charge for year 712
At 31st March 2025 4,065
NET BOOK VALUE
At 31st March 2025 1,425
At 31st March 2024 2,137

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024
and 31st March 2025 1,100,000
NET BOOK VALUE
At 31st March 2025 1,100,000
At 31st March 2024 1,100,000

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2024 605,394

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 1,100,000
1,100,000

CLIENT SCREEN TOTAL = -


If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 494,606 494,606

Investment property was valued on an open market basis on 31st March 2024 by the Director .

Italian Foods Enterprise Ltd (Registered number: 05243250)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 4,419 5,550
Other creditors 390,398 409,792
394,817 415,342

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 4,432 4,432