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REGISTERED NUMBER: 12469165 (England and Wales)















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: A J Itani
Z M Itani





REGISTERED OFFICE: Unit 1 Ambassador Buildings
Pontnewynydd Industrial Estate
Pontypool
Torfaen
NP4 6YW





REGISTERED NUMBER: 12469165 (England and Wales)





ACCOUNTANTS: Green & Co
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 3,860,000 2,110,000

CURRENT ASSETS
Debtors 5 1,220 -
Cash at bank 468,037 42,806
469,257 42,806
CREDITORS
Amounts falling due within one year 6 3,006,219 1,850,502
NET CURRENT LIABILITIES (2,536,962 ) (1,807,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,323,038

302,304

CREDITORS
Amounts falling due after more than one
year

7

(308,612

)

-

PROVISIONS FOR LIABILITIES (204,121 ) (73,085 )
NET ASSETS 810,305 229,219

ITANI HOLDINGS LTD (REGISTERED NUMBER: 12469165)

BALANCE SHEET - continued
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 870,200 311,575
Retained earnings (59,897 ) (82,358 )
SHAREHOLDERS' FUNDS 810,305 229,219

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 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 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd June 2025 and were signed on its behalf by:




A J Itani - Director



Z M Itani - Director


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 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.

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 2,110,000
Additions 1,059,742
Revaluations 690,258
At 31st March 2025 3,860,000
NET BOOK VALUE
At 31st March 2025 3,860,000
At 31st March 2024 2,110,000

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 1,220 -

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 64,800 -
Trade creditors 185 214
Corporation Tax 9,596 -
Wiltan Holdings Limited 1,706,288 856,288
A&Z Holdings Limited 317,902 67,500
Wiltan Limited 5,400 -
Directors' current accounts 815,748 850,000
Accruals and deferred income 86,300 76,500
3,006,219 1,850,502

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Other loans - 1-2 years 64,800 -
Other loans - 2-5 years 243,812 -
308,612 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Revaluation
reserve
£   
At 1st April 2024 311,575
Revaluation 558,625

At 31st March 2025 870,200

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.