Itaka International Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 11322090

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	160,275		133,509
Cash at bank and in hand		10,862		6,887

		171,137		140,396
Creditors: Amounts Falling Due Within One Year	5	(118,243 )		(99,811 )

NET CURRENT ASSETS (LIABILITIES)			52,894		40,585

TOTAL ASSETS LESS CURRENT LIABILITIES			52,894		40,585

Creditors: Amounts Falling Due After More Than One Year	6		(4,164 )		(14,302 )

NET ASSETS			48,730		26,283

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			48,729		26,282

SHAREHOLDERS' FUNDS			48,730		26,283

For the year ending 31 December 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

Mr Salvatore Occhipinti

Director

18/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Itaka International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11322090 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Financial Instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and

liabilities like trade and other debtors and creditors and loans from banks.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest.

Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If such evidence is identified, an impairment loss is recognised.

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. 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 year 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	160,095	94,653
Other debtors	-	38,676
VAT	180	180

	160,275	133,509

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Itaka International Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	89,702	87,631
Bank loans and overdrafts	10,648	10,648
Corporation tax	6,393	532
Net wages	1,000	1,000
Amounts owed to parent undertaking	10,500	-

	118,243	99,811

6. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,164	14,302

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

8. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Holding Gilogi's ltd , a company incorporated in England and Wales.

The ultimate controlling party is Giulia Occhipinti who has control over Holding Gilogi's ltd .

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