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REGISTERED NUMBER: 07716957 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 July 2024

for

La Galleria (Sussex) Ltd

La Galleria (Sussex) Ltd (Registered number: 07716957)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


La Galleria (Sussex) Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs Aycan Yesilyurt
Mr I Yesilyurt





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: 07716957 (England and Wales)

La Galleria (Sussex) Ltd (Registered number: 07716957)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 572,048 572,048

CURRENT ASSETS
Debtors 5 20,000 20,000
Cash at bank 4,314 5,190
24,314 25,190
CREDITORS
Amounts falling due within one year 6 164,870 173,418
NET CURRENT LIABILITIES (140,556 ) (148,228 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

431,492

423,820

CREDITORS
Amounts falling due after more than one year 7 292,616 344,780
NET ASSETS 138,876 79,040

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 138,875 79,039
SHAREHOLDERS' FUNDS 138,876 79,040

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

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

La Galleria (Sussex) Ltd (Registered number: 07716957)

Balance Sheet - continued
31 July 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 28 April 2025 and were signed on its behalf by:





Mr I Yesilyurt - Director


La Galleria (Sussex) Ltd (Registered number: 07716957)

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

1. STATUTORY INFORMATION

La Galleria (Sussex) Ltd 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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

La Galleria (Sussex) Ltd (Registered number: 07716957)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 572,048 21,941 593,989
DEPRECIATION
At 1 August 2023
and 31 July 2024 - 21,941 21,941
NET BOOK VALUE
At 31 July 2024 572,048 - 572,048
At 31 July 2023 572,048 - 572,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 20,000 20,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 1 2
Taxation and social security 23,863 5,430
Other creditors 141,006 167,986
164,870 173,418

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 292,616 344,780

Amounts falling due in more than five years:

Repayable by instalments
Lloyds Loan - 00385922 38,944 45,817
Lloyds Loan - 00961397 173,281 199,767
Lloyds Loan - 8746880 62,058 70,863
274,283 316,447

La Galleria (Sussex) Ltd (Registered number: 07716957)

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

8. RESERVES
Retained
earnings
£   

At 1 August 2023 79,039
Profit for the year 80,336
Dividends (20,500 )
At 31 July 2024 138,875