| REGISTERED NUMBER: |
| ITANI HOLDINGS LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| REGISTERED NUMBER: |
| ITANI HOLDINGS LTD |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| ITANI HOLDINGS LTD (REGISTERED NUMBER: 12469165) |
| 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 |
| ITANI HOLDINGS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Pembroke House |
| Llantarnam Park Way |
| Cwmbran |
| Torfaen |
| NP44 3AU |
| ITANI HOLDINGS LTD (REGISTERED NUMBER: 12469165) |
| BALANCE SHEET |
| 31ST MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| ITANI HOLDINGS LTD (REGISTERED NUMBER: 12469165) |
| BALANCE SHEET - continued |
| 31ST MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Revaluation reserve | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ITANI HOLDINGS LTD (REGISTERED NUMBER: 12469165) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Itani Holdings Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| 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 Profit and Loss, 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 (2024 - NIL). |
| ITANI HOLDINGS LTD (REGISTERED NUMBER: 12469165) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2024 |
| Additions |
| Revaluations | 690,258 |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| Fair value at 31st March 2025 is represented by: |
| £ |
| Valuation in 2025 | 690,258 |
| Valuation in 2023 | 384,660 |
| Cost | 2,785,082 |
| 3,860,000 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 2,785,082 | 1,725,340 |
| Investment property was valued on an open market basis on 31st March 2025 by A J Itani . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Prepayments |
| ITANI HOLDINGS LTD (REGISTERED NUMBER: 12469165) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other loans |
| Trade creditors |
| Corporation Tax |
| Wiltan Holdings Limited |
| A&Z Holdings Limited |
| Wiltan Limited |
| Directors' current accounts |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other loans - 1-2 years | 64,800 | - |
| Other loans - 2-5 years |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st April 2024 |
| Revaluation | 558,625 |
| At 31st March 2025 |
| ITANI HOLDINGS LTD (REGISTERED NUMBER: 12469165) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2025 |
| 10. | RELATED PARTY DISCLOSURES |
| The company had the following outstanding directors loans at the year end: |
| - A J Itani was owed £407,874 (2024 - £425,000) |
| - Z M Itani was owed £407,874 (2024 - £425,000) |
| The company received rental income of £41,662 (2024 - £Nil) from Wiltan Limited in the year, a company under the control of the directors A J Itani and Z M Itani. |
| The company paid buildings insurance contributions of £2,065 (2024 - £Nil) to Wiltan Holdings Limited in the year, a company under the control of the directors A J Itani and Z M Itani. |
| At the year end the company owed £1,706,288 (2024 - £856,289) to Wiltan Holdings Limited, a company under the control of the directors A J Itani and Z M Itani. |
| At the year end the company owed £317,902 (2024 - £67,500) to A&Z Holdings Limited, a company under the control of the directors A J Itani and Z M Itani. |
| At the year end the company owed £5,400 (2024 - £Nil) to Wiltan Limited, a company under the control of the directors A J Itani and Z M Itani. |