REGISTERED NUMBER: 03676384 (England and Wales)

I.M.I.S.A. (U.K.) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTOR:

Mrs S Barbini

SECRETARY:

Boodle Hatfield Secretarial Limited

REGISTERED OFFICE:

c/o Boodle Hatfield

240 Blackfriars Road

London

SE1 8NW

REGISTERED NUMBER:

03676384 (England and Wales)

AUDITORS:

Berringers LLP

Chartered Accountants

and Statutory Auditors

3rd Floor, Imperial House

21 - 25 North Street

Bromley

Kent

BR1 1SD

FIXED ASSETS

Investment property

4

2,500,000

2,500,000

CURRENT ASSETS

Debtors

5

210

4,585

Cash at bank

222,771

278,929

222,981

283,514

CREDITORS

Amounts falling due within one year

6

5,694

79,936

NET CURRENT ASSETS

217,287

203,578

TOTAL ASSETS LESS CURRENT LIABILITIES

2,717,287

2,703,578

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Retained earnings

2,217,287

2,203,578

2,717,287

2,703,578

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 by the director and authorised for issue on 6 October 2026 and were signed by:

Mrs S Barbini - Director

1.	STATUTORY INFORMATION

I.M.I.S.A. (U.K.) 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 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.

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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

2,500,000

NET BOOK VALUE

At 31 December 2025

2,500,000

At 31 December 2024

2,500,000

At 31 December 2025, the freehold investment property was valued by the director at £2,500,000 on an open-market basis. In determining the valuation, the director considered the property's location, its existing use and occupation, available market information and the valuation previously adopted. The valuation was not undertaken by an independent professionally qualified valuer. In the opinion of the director, the fair value of the property at 31 December 2025 was not materially different from its carrying value.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2021

575,673

Cost

1,924,327

2,500,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

210

4,585

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

1,427

(54

)

Other creditors

4,267

79,990

5,694

79,936

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

The Report of the auditors was qualified on the following basis:

Basis for qualified opinion

As explained in note 4 to the financial statements, the company’s investment property is included in the Balance sheet at a fair value of £2,500,000. The property was valued by the director at 31 December 2025.

We were unable to obtain sufficient appropriate audit evidence to support this valuation as no independent valuation or other sufficient supporting evidence was available. Consequently, we were unable to determine whether any adjustment to the carrying value of the investment property, the profit for the year, taxation and retained earnings was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Matters required to report by exception

Ricky Hutson BSc ACA FCCA (Senior Statutory Auditor)

for and on behalf of Berringers LLP

8.	ULTIMATE CONTROLLING PARTY

The ultimate holding company for IMISA (UK) Ltd is IMISA Investimenti Mobiliari Immobiliari

SPA a company incorporated in Italy, which holds 100% of the company shares.