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REGISTERED NUMBER: 09261653 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 October 2023

for

La Galleria (Shoreham) Ltd

La Galleria (Shoreham) Ltd (Registered number: 09261653)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


La Galleria (Shoreham) Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs Aycan Yesilyurt
Mr I Yesilyurt





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: 09261653 (England and Wales)

La Galleria (Shoreham) Ltd (Registered number: 09261653)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186,818 209,976

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 227,165 164,397
Cash at bank and in hand 51,740 153,382
283,905 322,779
CREDITORS
Amounts falling due within one year 6 211,797 186,994
NET CURRENT ASSETS 72,108 135,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,926

345,761

CREDITORS
Amounts falling due after more than one year 7 55,139 82,025
NET ASSETS 203,787 263,736

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 203,686 263,635
SHAREHOLDERS' FUNDS 203,787 263,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

La Galleria (Shoreham) Ltd (Registered number: 09261653)

Balance Sheet - continued
31 October 2023


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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr I Yesilyurt - Director


La Galleria (Shoreham) Ltd (Registered number: 09261653)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

La Galleria (Shoreham) 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

La Galleria (Shoreham) Ltd (Registered number: 09261653)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 314,949
Additions 3,161
At 31 October 2023 318,110
DEPRECIATION
At 1 November 2022 104,973
Charge for year 26,319
At 31 October 2023 131,292
NET BOOK VALUE
At 31 October 2023 186,818
At 31 October 2022 209,976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 6,808 -
Other debtors 220,357 164,397
227,165 164,397

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,959 -
Trade creditors 63,292 22,592
Taxation and social security 144,724 162,319
Other creditors 1,822 2,083
211,797 186,994

La Galleria (Shoreham) Ltd (Registered number: 09261653)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 25,834 35,833
Other creditors 29,305 46,192
55,139 82,025