REGISTERED NUMBER: 04124222 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ITEMSTAND LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

M T Greig

SECRETARY:

A Gecel

REGISTERED OFFICE:

37-38 Long Acre

London

WC2E 9JT

REGISTERED NUMBER:

04124222 (England and Wales)

AUDITORS:

Stein Richards

Chartered Accountants and Statutory Auditor

10 London Mews

Paddington

LONDON

W2 1HY

FIXED ASSETS

Investments

4

11,985,186

11,985,186

CURRENT ASSETS

Debtors

5

1,071

865

Cash and cash equivalents

28,183

719

29,254

1,584

CREDITORS

Amounts falling due within one year

6

39,959

35,723

NET CURRENT LIABILITIES

(10,705

)

(34,139

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,974,481

11,951,047

CREDITORS

Amounts falling due after more than one year

7

7,438,792

7,398,498

NET ASSETS

4,535,689

4,552,549

CAPITAL AND RESERVES

Called up share capital

1,650

1,650

Retained earnings

4,534,039

4,550,899

SHAREHOLDERS' FUNDS

4,535,689

4,552,549

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 17 October 2025 and were signed by:

M T Greig - Director

1.	STATUTORY INFORMATION

Itemstand Limited 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.

Going concern

The financial statements have been prepared on a going concern basis. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the director considers it appropriate to adopt a going concern basis in preparing the financial statements.

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Foreign currencies

Transactions in foreign currencies have been converted to Euros at the rate ruling on the date of the transaction. Foreign currency assets and liabilities at the balance sheet date have been converted to Euros at the rate ruling on that date. Transactions in the accounting period have arisen in Euros with the exception of the Share Capital which has been converted at the rate of exchange of €1.65 to £1 Sterling. The Share Capital is therefore a sterling debt of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

€

€

€

COST

At 1 January 2024

11,985,186

-

11,985,186

Reclassification

(11,985,186

)

11,985,186

-

At 31 December 2024

-

11,985,186

11,985,186

NET BOOK VALUE

At 31 December 2024

-

11,985,186

11,985,186

At 31 December 2023

11,985,186

-

11,985,186

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

€

€

Other debtors

1,071

865

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

€

€

Trade creditors

14,229

5,212

Other creditors

25,730

30,511

39,959

35,723

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

€

€

Amounts owed to group undertakings

35,629

-

Other creditors

7,403,163

7,398,498

7,438,792

7,398,498

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr. Robert Nissen F.C.A. (Senior Statutory Auditor)

for and on behalf of Stein Richards

9.	RELATED PARTY DISCLOSURES

Shareholders loans

Included in other creditors are interest free loans totalling €7,403,163 (2023: €7,398,498) payable to the shareholders of the company as an when cashflow permits.

Amounts owed to group undertakings

Included in other creditors is a interest free loan of €35,629 ( 2023: €nil) payable to a group company as an when cashflow permits.

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party for the current and previous year.