REGISTERED NUMBER: 05243250 (England and Wales)

Financial Statements For The Year Ended 31st March 2026

for

Italian Foods Enterprise Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Valentino

REGISTERED OFFICE:

29 Ridgeway Avenue

Dunstable

LU5 4QL

REGISTERED NUMBER:

05243250 (England and Wales)

ACCOUNTANTS:

Baker Britt

Chartered Accountants

63 High Street

Chislehurst

Kent

BR7 5AF

FIXED ASSETS

Tangible assets

4

712

1,425

Investment property

5

1,100,000

1,100,000

1,100,712

1,101,425

CURRENT ASSETS

Cash at bank

3,940

21,498

CREDITORS

Amounts falling due within one year

6

374,673

394,817

NET CURRENT LIABILITIES

(370,733

)

(373,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

729,979

728,106

CREDITORS

Amounts falling due after more than one year

7

(1

)

(4,432

)

PROVISIONS FOR LIABILITIES

(83,120

)

(83,120

)

NET ASSETS

646,858

640,554

CAPITAL AND RESERVES

Called up share capital

100

100

Fair Value Reserves

522,274

522,274

Retained earnings

124,484

118,180

SHAREHOLDERS' FUNDS

646,858

640,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th April 2026 and were signed by:

G Valentino - Director

1.	STATUTORY INFORMATION

Italian Foods Enterprise 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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 Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2025

and 31st March 2026

5,490

DEPRECIATION

At 1st April 2025

4,065

Charge for year

713

At 31st March 2026

4,778

NET BOOK VALUE

At 31st March 2026

712

At 31st March 2025

1,425

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

and 31st March 2026

1,100,000

NET BOOK VALUE

At 31st March 2026

1,100,000

At 31st March 2025

1,100,000

Fair value at 31st March 2026 is represented by:

£

Valuation in 2024

605,394

Cost

494,606

1,100,000

If investment property had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

494,606

494,606

Investment property was valued on an open market basis on 31st March 2026 by the Director .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

290

4,419

Other creditors

374,383

390,398

374,673

394,817

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

1

4,432