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COMPANY REGISTRATION NUMBER: 05386459

Italek Limited

Filleted Unaudited Financial Statements

31 March 2025

Italek Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 420,000 | 420,000

Current assets

Debtors | 5 | 1,011 |  | 1,011
Cash at bank and in hand | 110,907 |  | 112,806
| --------- |  | ---------
| 111,918 |  | 113,817

Creditors: amounts falling due within one year | 6 | 6,519 |  | 6,520
| --------- |  | ---------
Net current assets |  | 105,399 | 107,297
|  | --------- | ---------
Total assets less current liabilities |  | 525,399 | 527,297

Provisions

Taxation including deferred tax |  | 24,416 | 24,416
|  | --------- | ---------
Net assets |  | 500,983 | 502,881
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 100 | 100
Fair value reserve |  | 119,205 | 119,205
Profit and loss account |  | 381,678 | 383,576
|  | --------- | ---------
Shareholders funds |  | 500,983 | 502,881
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Italek Limited

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr R V Thakkar |
Director |

Company registration number: 05386459

Italek Limited

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Pomeroy Drive, Oadby, Leicester, LE2 5NE, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Tangible assets

| Investment property
| £
Cost |
At 1 April 2024 and 31 March 2025 | 420,000
| ---------
Depreciation |
At 1 April 2024 and 31 March 2025 | –
| ---------
Carrying amount |
At 31 March 2025 | 420,000
| ---------
At 31 March 2024 | 420,000
| ---------

The directors consider that the investment property is included at it's fair value.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

| Investment Property
| £
At 31 March 2025 |
Aggregate cost | 276,379
Aggregate depreciation | –
| ---------
Carrying value | 276,379
| ---------

At 31 March 2024 |
Aggregate cost | 276,379
Aggregate depreciation | –
| ---------
Carrying value | 276,379
| ---------

5. Debtors

| 2025 | 2024
| £ | £
Other debtors | 1,011 | 1,011
| ------- | -------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Corporation tax | – | 5,357
Other creditors | 6,519 | 1,163
| ------- | -------
| 6,519 | 6,520
| ------- | -------

7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr R V Thakkar | 1,011 | – | 1,011
|  | ------- | ---- | -------

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr R V Thakkar | 397 | 614 | 1,011
|  | ---- | ---- | -------

8. Related party transactions
The company was provided with an interest free loan by a related party repayable on demand of £5559 (2024 £203).