These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Ital Holdings (UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Birch Business Park, Whittle Lane, Heywood, OL10 2SX.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Included within creditors: amounts falling due within one year are amounts owed to group undertakings of £821,069 (2024: £816,569). Whilst these amounts are technically repayable on demand, they will not be sought for repayment unless cash flow permits. Additional financial support will be provided by group undertakings to facilitate repayment of other creditors as they fall due.

Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

The average monthly number of persons (including directors) employed by the company during the year was:

In the prior year, a dividend distribution to the shareholders totalling £225,564 was approved in error by the Board of Directors of the company.

At the date of the distribution, the company had insufficient distributable reserves, as defined by the Companies Act 2006. The distribution was made in contravention to section 847 of the Companies Act 2006 and hence as at 31 December 2024, the shareholders were liable to repay an element of the distribution received.

In the current year, a dividend distribution to the shareholders totalling £203,000 was approved in error by the Board of Directors of the company.

At the date of the distribution, the company had insufficient distributable reserves, as defined by the Companies Act 2006. The distribution was made in contravention to section 847 of the Companies Act 2006 and hence as at 31 December 2025, the shareholders were liable to repay an element of the distribution received.

The company’s subsidiaries have significant reserves available for distribution, and the administrative error related to insufficient dividends being declared from these subsidiary entities in the current and prior years. Additional dividends will be declared from the company's subsidiary entities in the next financial period, and the Board of Directors will ensure sufficient distributable reserves are held by the company in respect of future distributions.

Details of the company's subsidiaries at 31 December 2025 are as follows:

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

The company has entered into an unlimited inter company composite guarantee covering the bank borrowings of its parent company, Ital Holdings Management Limited, in favour of NatWest Bank Plc. At the balance sheet date, the potential added liability for the company under this guarantee is £768,750 (2024: £214,286).

The ultimate parent company is Ital Holdings Management Limited by virtue of their 100% shareholding. The company is included in the consolidated financial statements of Ital Holdings Management Limited, a company registered in England and Wales and copies can be obtained on request from the groups registered office Unit 1, Birch Business Park,Whittle Lane, Heywood, OL10 2SX.

The ultimate parent company is not controlled by any individual.