Itaka International Ltd

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

Registered number: 11322090

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	167,019		160,275
Cash at bank and in hand		11,353		10,862

		178,372		171,137
Creditors: Amounts Falling Due Within One Year	5	(122,550 )		(118,243 )

NET CURRENT ASSETS (LIABILITIES)			55,822		52,894

TOTAL ASSETS LESS CURRENT LIABILITIES			55,822		52,894

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

NET ASSETS			55,822		48,730

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			55,821		48,729

SHAREHOLDERS' FUNDS			55,822		48,730

For the year ending 31 December 2025 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

28/07/2026

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

2.4. 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.

2.5. 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.

2.6. 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 (2024: 1)

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Itaka International Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	166,172	160,095
Prepayments and accrued income	667	-
VAT	180	180

	167,019	160,275

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	115,345	89,702
Bank loans and overdrafts	4,415	10,648
Corporation tax	1,640	6,393
Other taxes and social security	150	-
Net wages	1,000	1,000
Amounts owed to parent undertaking	-	10,500

	122,550	118,243

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

	2025	2024
	£	£
Bank loans	-	4,164

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

8. Related Party Transactions

Holding Gilogi's Ltd is 100% holding company of Itaka International Ltd. During the year, company has repaid a loan

to holding company Holding Gilogi's Ltd amounting to £10,500. Closing loan balance as on 31.12.2025 is nil

(2024 - £10,500) which is included in Note no.5.

9. 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 by virtue of his ownership of 75% or more of the issued share capital in the company.

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