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REGISTERED NUMBER: 09128113















Financial Statements for the Year Ended 31 December 2023

for

Galnor (UK) Limited

Galnor (UK) Limited (Registered number: 09128113)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Galnor (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Ginossar





REGISTERED OFFICE: 7 Osier Crescent
London
N10 1QQ





REGISTERED NUMBER: 09128113





ACCOUNTANTS: Newmans
Chartered Certified Accountants
DVS House
Suite 1, First Floor
4 Spring Villa Road
Edgware
Middlesex
HA8 7EB

Galnor (UK) Limited (Registered number: 09128113)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 835,294 735,041

CURRENT ASSETS
Debtors 5 13,010 -
Cash at bank 35,323 65,641
48,333 65,641
CREDITORS
Amounts falling due within one year 6 27,829 33,925
NET CURRENT ASSETS 20,504 31,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

855,798

766,757

CREDITORS
Amounts falling due after more than one year 7 555,000 470,000
NET ASSETS 300,798 296,757

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 300,796 296,755
SHAREHOLDERS' FUNDS 300,798 296,757

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

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

The director acknowledges his 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.

Galnor (UK) Limited (Registered number: 09128113)

Balance Sheet - continued
31 December 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 director and authorised for issue on 5 August 2024 and were signed by:





R Ginossar - Director


Galnor (UK) Limited (Registered number: 09128113)

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

1. STATUTORY INFORMATION

Galnor (UK) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover represents rent receivable. No value added tax is charged.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 January 2023 735,041
New in year 100,253
At 31 December 2023 835,294

Galnor (UK) Limited (Registered number: 09128113)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 13,010 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 948 22,699
Other creditors 26,153 -
Accrued expenses 728 11,226
27,829 33,925

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans - 1-2 years 555,000 470,000

8. RESERVES
Retained
earnings
£   

At 1 January 2023 296,755
Profit for the year 4,041
At 31 December 2023 300,796