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Company Registration No. 13146528 (England and Wales)
Galaxy Estate Partners Limited Unaudited accounts for the year ended 31 January 2024
Galaxy Estate Partners Limited Unaudited accounts Contents
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Galaxy Estate Partners Limited Company Information for the year ended 31 January 2024
Directors
Yilin Guo Sergejs Larionovs
Company Number
13146528 (England and Wales)
Registered Office
6 CARRINGTON ROAD RICHMOND TW10 5AA ENGLAND
Accountants
Tax Return Accountants Ltd 26 Spinning Wheelway Hackbridge Wallington GB SM6 7DS
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Galaxy Estate Partners Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
600,000 
600,000 
Current assets
Cash at bank and in hand
1,371 
2,585 
Creditors: amounts falling due within one year
(270)
(3,037)
Net current assets/(liabilities)
1,101 
(452)
Total assets less current liabilities
601,101 
599,548 
Creditors: amounts falling due after more than one year
(597,240)
(591,915)
Net assets
3,861 
7,633 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,761 
7,533 
Shareholders' funds
3,861 
7,633 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Yilin Guo Director Company Registration No. 13146528
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Galaxy Estate Partners Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Galaxy Estate Partners Limited is a private company, limited by shares, registered in England and Wales, registration number 13146528. The registered office is 6 CARRINGTON ROAD, RICHMOND, TW10 5AA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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 reporting 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 Statement of Financial Position 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 reporting date.
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Galaxy Estate Partners Limited Notes to the Accounts for the year ended 31 January 2024
Going concern
The directors acknowledge the latest guidance on going concern. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of approval of the financial statements, a trend which they expect to extend beyond this period, and therefore they continue to adopt the going concern basis in preparing the annual financial statements
4
Investment property
2024 
£ 
Fair value at 1 February 2023
600,000 
At 31 January 2024
600,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,000 
Taxes and social security
- 
1,767 
Other creditors
270 
270 
270 
3,037 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
372,960 
372,960 
Loans from directors
224,280 
218,955 
597,240 
591,915 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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