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ITAL HOMES LIMITED

Registered Number
02741939
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

ITAL HOMES LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

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 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets32,596,9202,307,029
2,596,9202,307,029
Current assets
Debtors58,03357,731
Cash at bank and on hand363,051478,800
421,084536,531
Creditors amounts falling due within one year4(83,080)(67,739)
Net current assets (liabilities)338,004468,792
Total assets less current liabilities2,934,9242,775,821
Creditors amounts falling due after one year5(1,266,568)(1,135,364)
Net assets1,668,3561,640,457
Capital and reserves
Called up share capital100100
Revaluation reserve547,668547,668
Profit and loss account1,120,5881,092,689
Shareholders' funds1,668,3561,640,457
The financial statements were approved and authorised for issue by the Board of Directors on 23 June 2025, 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 2025

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.
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 (1,051,620) (154,552) (1,206,172)
2.Average number of employees

20252024
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 April 242,306,5925832,307,175
Additions290,000-290,000
At 31 March 252,596,5925832,597,175
Depreciation and impairment
At 01 April 24-146146
Charge for year-109109
At 31 March 25-255255
Net book value
At 31 March 252,596,5923282,596,920
At 31 March 242,306,5924372,307,029
4.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables-827
Bank borrowings and overdrafts10,92411,127
Taxation and social security8,4679,683
Accrued liabilities and deferred income63,68946,102
Total83,08067,739
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

2025

2024

££
Bank borrowings and overdrafts60,39683,744
Other creditors1,206,1721,051,620
Total1,266,5681,135,364