Company Registration No. 09446669 (England and Wales)
Galatian Limited
Unaudited financial statements
for the year ended 30 November 2023
Galatian Limited
Company information
Directors
Ms Nursah Alpay
Mr Christian De Goey
(Appointed 1 November 2023)
Secretary
Saffery LLP
Company number
09446669
Registered office
71 Queen Victoria Street
London
EC4V 4BE
Accountants
Saffery LLP
71 Queen Victoria Street
London
ECV4 4BE
Galatian Limited
Contents
Page
Accountants' report
1
Income statement
2
Statement of financial position and notes to the financial statements
3 - 4
Galatian Limited
Chartered accountants' report to the Board of Directors on the preparation of the unaudited statutory financial statements of Galatian Limited for the year ended 30 November 2023
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Galatian Limited for the year ended 30 November 2023, which comprise the income statement and the statement of financial position, from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulation.

This report is made solely to the Board of Directors of Galatian Limited, as a body, in accordance with the terms of our engagement letter dated 27 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Galatian Limited and state those matters that we have agreed to state to the Board of Directors of Galatian Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Galatian Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Galatian Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that Galatian Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Galatian Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Saffery LLP
25 September 2024
Chartered Accountants
71 Queen Victoria Street
London
ECV4 4BE
Galatian Limited
Income statement
For the year ended 30 November 2023
2
2023
2022
£
£
Turnover
722,241
97,968
Staff costs
(14,297)
(13,190)
Depreciation and other amounts written off assets
(2,262)
(1,361)
Other charges
(96,032)
(13,542)
Tax
(143,459)
(13,297)
Profit
466,191
56,578
Galatian Limited
Statement of financial position
As at 30 November 2023
3
2023
2022
£
£
£
£
Fixed assets
35,700,859
2,092
Current assets
1,244,651
20,580
Creditors: amounts falling due within one year
(36,498,862)
(535)
Net current (liabilities)/assets
(35,254,211)
20,045
Total assets less current liabilities
446,648
22,137
Creditors: amounts falling due after more than one year
(18,986)
-
0
Provisions for liabilities
-
0
(21,166)
Net assets
427,662
971
Capital and reserves
427,662
971
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

Included within creditors is a balance of £36,210,695 owed to the director. This amount is interest-free and repayable on demand. In 2022, £20,194 was included within current assets as a balance due to Galatian Limited from the director.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
1
1

For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

Galatian Limited
Statement of financial position (continued)
As at 30 November 2023
4

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime.

The financial statements were approved by the board of directors and authorised for issue on 16 September 2024 and are signed on its behalf by:
..............................................
Ms Nursah Alpay
Director
Company registration number 09446669 (England and Wales)
2023-11-302022-12-01falseCCH SoftwareCCH Accounts Production 2023.300No description of principal activityMs Nursah AlpayMr Christian De GoeySaffery LLPfalse094466692022-12-012023-11-3009446669bus:Director12022-12-012023-11-3009446669bus:Director22022-12-012023-11-3009446669bus:CompanySecretary12022-12-012023-11-3009446669bus:RegisteredOffice2022-12-012023-11-30094466692023-11-30094466692021-12-012022-11-30094466692022-11-3009446669core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-3009446669core:CurrentFinancialInstrumentscore:WithinOneYear2022-11-3009446669core:Non-currentFinancialInstruments2023-11-3009446669core:Non-currentFinancialInstruments2022-11-3009446669bus:PrivateLimitedCompanyLtd2022-12-012023-11-3009446669bus:Micro-entities2022-12-012023-11-3009446669bus:AuditExemptWithAccountantsReport2022-12-012023-11-3009446669bus:FullAccounts2022-12-012023-11-30xbrli:purexbrli:sharesiso4217:GBP