Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-11-03falsetrueBuying and selling of real estate00true 14460830 2022-11-02 14460830 2022-11-03 2023-12-31 14460830 2021-11-03 2022-11-02 14460830 2023-12-31 14460830 c:Director2 2022-11-03 2023-12-31 14460830 d:CurrentFinancialInstruments 2023-12-31 14460830 d:Non-currentFinancialInstruments 2023-12-31 14460830 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14460830 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14460830 d:ShareCapital 2023-12-31 14460830 d:SharePremium 2023-12-31 14460830 d:RetainedEarningsAccumulatedLosses 2023-12-31 14460830 c:OrdinaryShareClass1 2022-11-03 2023-12-31 14460830 c:OrdinaryShareClass1 2023-12-31 14460830 c:FRS102 2022-11-03 2023-12-31 14460830 c:AuditExempt-NoAccountantsReport 2022-11-03 2023-12-31 14460830 c:FullAccounts 2022-11-03 2023-12-31 14460830 c:PrivateLimitedCompanyLtd 2022-11-03 2023-12-31 14460830 6 2022-11-03 2023-12-31 14460830 e:PoundSterling 2022-11-03 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14460830









GALVEST LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED ENDED 31 DECEMBER 2023

 
GALVEST LIMITED
REGISTERED NUMBER: 14460830

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

FIXED ASSETS
  

Investments
 4 
800,000

  
800,000

  

Creditors: amounts falling due within one year
 5 
(120,982)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(120,982)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
679,018

Creditors: amounts falling due after more than one year
 6 
(300,000)

  

NET ASSETS
  
379,018


CAPITAL AND RESERVES
  

Called up share capital 
 7 
8,000

Share premium account
  
375,782

Profit and loss account
  
(4,764)

  
379,018


Page 1

 
GALVEST LIMITED
REGISTERED NUMBER: 14460830
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period ended in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D Galati
Director

Date: 31 July 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
GALVEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

Galvest Limited is a private company limited by shares was incorporated in England and Wales on 3 November 2022. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.3

VALUATION OF INVESTMENTS

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
GALVEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ENDED 31 DECEMBER 2023

3.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration.


4.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


Additions
800,000



At 31 December 2023
800,000





5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
£

Amounts owed to subsidiary
116,962

Accruals and deferred income
4,020

120,982



6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
£

Other creditors
300,000

300,000


Page 4

 
GALVEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED ENDED 31 DECEMBER 2023

7.


SHARE CAPITAL

2023
£
ALLOTTED, CALLED UP AND FULLY PAID


8,000 Ordinary shares of £1.00 each
8,000


On incorporation the company issued 2 Ordinay shares of £1 each at a rate of £50 per share.
On 29 March 2023 the company issued 7,998 Ordinary shares of £1 each at a rate of £50 per share. 

 
Page 5