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REGISTERED NUMBER: 03702809 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

GALEFORD MANAGEMENT LIMITED

GALEFORD MANAGEMENT LIMITED (REGISTERED NUMBER: 03702809)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GALEFORD MANAGEMENT LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Rolle
Mrs A J Rolle
Miss K F Rolle
Miss F J Rolle





SECRETARY: Mrs A J Rolle





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 03702809 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

GALEFORD MANAGEMENT LIMITED (REGISTERED NUMBER: 03702809)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,219 136,114
Investments 5 22,700 22,700
Investment property 6 - -
154,919 158,814

CURRENT ASSETS
Debtors 7 83,656 78,647
Cash at bank 99,990 201,146
183,646 279,793
CREDITORS
Amounts falling due within one year 8 760 57,703
NET CURRENT ASSETS 182,886 222,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,805

380,904

CREDITORS
Amounts falling due after more than one year 9 - (11,388 )

PROVISIONS FOR LIABILITIES 11 (2,886 ) (2,933 )
NET ASSETS 334,919 366,583

CAPITAL AND RESERVES
Called up share capital 12 397 397
Retained earnings 334,522 366,186
SHAREHOLDERS' FUNDS 334,919 366,583

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

GALEFORD MANAGEMENT LIMITED (REGISTERED NUMBER: 03702809)

Balance Sheet - continued
31 March 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 24 November 2024 and were signed on its behalf by:





Mr M Rolle - Director


GALEFORD MANAGEMENT LIMITED (REGISTERED NUMBER: 03702809)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Galeford Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income, fees for mortgages and finance arranged, income from fitness training and includes profits on currency trading.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

GALEFORD MANAGEMENT LIMITED (REGISTERED NUMBER: 03702809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 120,676 14,922 26,900 2,623 165,121
Disposals - (12,078 ) - (1,787 ) (13,865 )
At 31 March 2024 120,676 2,844 26,900 836 151,256
DEPRECIATION
At 1 April 2023 - 13,983 13,127 1,897 29,007
Charge for year - 90 2,755 124 2,969
Eliminated on disposal - (11,502 ) - (1,437 ) (12,939 )
At 31 March 2024 - 2,571 15,882 584 19,037
NET BOOK VALUE
At 31 March 2024 120,676 273 11,018 252 132,219
At 31 March 2023 120,676 939 13,773 726 136,114

Cost or valuation at 31 March 2024 is represented by:

Leasehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost 120,676 2,844 26,900 836 151,256

5. FIXED ASSET INVESTMENTS
Fixed
asset
investme
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 22,700
NET BOOK VALUE
At 31 March 2024 22,700
At 31 March 2023 22,700

Cost or valuation at 31 March 2024 is represented by:

Fixed
asset
investme
£   
Cost 22,700

GALEFORD MANAGEMENT LIMITED (REGISTERED NUMBER: 03702809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 58,525
Disposals (58,525 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 58,525
Eliminated on disposal (58,525 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 77,871 74,580
Directors' current accounts 5,785 4,067
83,656 78,647

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 4,353
Tax 501 51,530
Social security and other taxes 259 1,819
Directors' current accounts - 1
760 57,703

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 11,388

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts - 15,741

Hire purchase liabilities of £Nil (2023: £15,741) are secured against the motor vehicle to which it relates.

GALEFORD MANAGEMENT LIMITED (REGISTERED NUMBER: 03702809)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 2,886 2,933

Deferred
tax
£   
Balance at 1 April 2023 2,933
Provided during year (47 )
Balance at 31 March 2024 2,886

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
99 A Ordinary £1 99 99
99 B Ordinary £1 99 99
99 C Ordinary £1 99 99
99 D Ordinary £1 99 99
1 E Ordinary £1 1 1
397 397

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr M Rolle
Balance outstanding at start of year 4,065 -
Amounts advanced 214,776 4,065
Amounts repaid (213,056 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,785 4,065

As at the balance sheet date, included in debtors due within one year is £5,785 (2023: £4,065) due from the directors. During the period interest of £291 was charged at 2.25% on the outstanding balance. The directors loan account was fully repaid within 9 months of the balance sheet date.

14. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in debtors due within one year is £77,871 (2023: £74,080) due and payable from ERM Investments Limited. Interest was charged at 10% totalling £10,490 (2023: £12,927). The company is under common control by the directors.

15. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Rolle.