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REGISTERED NUMBER: 01728974 (England and Wales)













GALAN INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 28 FEBRUARY 2025






GALAN INVESTMENTS LIMITED (REGISTERED NUMBER: 01728974)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 28 FEBRUARY 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GALAN INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2023 TO 28 FEBRUARY 2025







DIRECTOR: Mr B R Galan





SECRETARY: Mr B R Galan





REGISTERED OFFICE: Second Floor
34 Lime Street
London
EC3M 7AT





REGISTERED NUMBER: 01728974 (England and Wales)





ACCOUNTANTS: Carston ETL
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

GALAN INVESTMENTS LIMITED (REGISTERED NUMBER: 01728974)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2025

2025 2023
Notes £ £ £
FIXED ASSETS
Investments 4 1 1
Investment property 5 - 220,000
1 220,001

CURRENT ASSETS
Debtors 6 33,973 262,953
Cash at bank 1,753,162 1,973,160
1,787,135 2,236,113
CREDITORS
Amounts falling due within one year 7 194,641 66,932
NET CURRENT ASSETS 1,592,494 2,169,181
TOTAL ASSETS LESS CURRENT LIABILITIES 1,592,495 2,389,182

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 8 - (286,369 )
Retained earnings 1,582,495 2,665,551
SHAREHOLDERS' FUNDS 1,592,495 2,389,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2025 and were signed by:





Mr B R Galan - Director


GALAN INVESTMENTS LIMITED (REGISTERED NUMBER: 01728974)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Galan Investments 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 (£). All figures have been rounded to the nearest pound.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Turnover
Turnover represents rental income from the investment property. Those are recognised when invoiced to the tenants. The tenants are normally invoiced on a quarterly basis.

Dividend income
Dividend is recognised when received.

Interest income
Interest income is recognised when received.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investments
Investments are initially measured at costs. After initial recognition, investments are shown at their fair value, based on market value. Any adjustment to the fair value of the investments are recognised in the Income Statement for the year.

In accordance with FRS 102 no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.


GALAN INVESTMENTS LIMITED (REGISTERED NUMBER: 01728974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 28 FEBRUARY 2025


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Basic financial instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs.
Subsequent to initial recognition, they are measured at transaction price less any impairment losses.
Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and deposits.

Fair value reserves
Fair value reserve is a non distributable reserve and represents the net balance between the adjustment to the fair value of the investment property and its related deferred tax provision.

Revenue recognition
Rental income
Rent is recognised on a quarterly basis. Rent paid in advance at the balance sheet date is shown as deferred income on the balance sheet.

Investment income
Investment income is recognised when earned.

Other interest receivable
Other interest receivable comprises of interest charged on a loan which was provided to a related party company. Interest is charged in arrears on a quarterly basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

GALAN INVESTMENTS LIMITED (REGISTERED NUMBER: 01728974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 28 FEBRUARY 2025


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST OR VALUATION
At 1 October 2023
and 28 February 2025 1
NET BOOK VALUE
At 28 February 2025 1
At 30 September 2023 1


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2023 220,000
Disposals (220,000 )
At 28 February 2025 -
NET BOOK VALUE
At 28 February 2025 -
At 30 September 2023 220,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£ £
Amounts owed by group undertakings 33,973 262,953

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£ £
Taxation and social security 13,641 53,774
Other creditors 181,000 13,158
194,641 66,932

8. RESERVES
Fair value
reserve
£
At 1 October 2023 (286,369 )
Realised gain/loss on disposal of investment 286,369

At 28 February 2025 -

GALAN INVESTMENTS LIMITED (REGISTERED NUMBER: 01728974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 28 FEBRUARY 2025


9. RELATED PARTY DISCLOSURES

During the year, Galan Investments Limited received £251,299 of rental income and property sale proceeds, and paid out £22,319 of expenses on behalf of Galan Properties Limited, the subsidiary. The balance owed by Galan Properties Limited at the Balance Sheet date was £33,973 (2023: £262,953). This amount is repayable on demand. There is no interest payable on this outstanding loan.