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REGISTERED NUMBER: 14585776 (England and Wales)















Unaudited Financial Statements

for the Period 11 January 2023 to 31 January 2024

for

Galatea (Wrexham) Limited

Galatea (Wrexham) Limited (Registered number: 14585776)






Contents of the Financial Statements
for the Period 11 January 2023 to 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Galatea (Wrexham) Limited

Company Information
for the Period 11 January 2023 to 31 January 2024







Directors: S A Bithell
S M Bithell





Registered office: The Coach House
25 Rhosddu Road
Wrexham
LL11 1EB





Registered number: 14585776 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Galatea (Wrexham) Limited (Registered number: 14585776)

Statement of Financial Position
31 January 2024

Notes £    £   
Fixed assets
Tangible assets 4 7,310
Investment property 5 154,339
161,649

Current assets
Debtors 6 4,293
Cash at bank and in hand 4,176
8,469
Creditors
Amounts falling due within one year 7 176,816
Net current liabilities (168,347 )
Total assets less current liabilities (6,698 )

Capital and reserves
Called up share capital 8 100
Retained earnings (6,798 )
Shareholders' funds (6,698 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 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.

Galatea (Wrexham) Limited (Registered number: 14585776)

Statement of Financial Position - continued
31 January 2024


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 11 October 2024 and were signed on its behalf by:





S A Bithell - Director


Galatea (Wrexham) Limited (Registered number: 14585776)

Notes to the Financial Statements
for the Period 11 January 2023 to 31 January 2024

1. Statutory information

Galatea (Wrexham) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards the costs of works undertaken on the company's investment property are released to revenue over five years which is the period over which the company is expected to benefit from the expenditure. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

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 period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Galatea (Wrexham) Limited (Registered number: 14585776)

Notes to the Financial Statements - continued
for the Period 11 January 2023 to 31 January 2024

2. Accounting policies - continued

Going concern
The financial statements have been prepared on the going concern basis of accounting, on the assumption that the directors will continue to provide financial support to enable the company to meet its current liabilities, which exceeded its current assets at 31 January 2024.

3. Employees and directors

The average number of employees during the period was NIL.

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
Additions 9,138
At 31 January 2024 9,138
Depreciation
Charge for period 1,828
At 31 January 2024 1,828
Net book value
At 31 January 2024 7,310

5. Investment property
Total
£   
Fair value
Additions 154,339
At 31 January 2024 154,339
Net book value
At 31 January 2024 154,339

6. Debtors: amounts falling due within one year
£   
Other debtors 4,293

Galatea (Wrexham) Limited (Registered number: 14585776)

Notes to the Financial Statements - continued
for the Period 11 January 2023 to 31 January 2024

7. Creditors: amounts falling due within one year
£   
Trade creditors 18,644
Other creditors 158,172
176,816

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

9. Related party disclosures

A director has made loans to the company. The balance on these loans at 31 January 2024
was £19,520. These loans are interest free, unsecured and repayable on demand.