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Company No: 14106619 (England and Wales)

GUILLAM HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

GUILLAM HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

GUILLAM HOLDINGS LTD

COMPANY INFORMATION

For the financial year ended 31 May 2024
GUILLAM HOLDINGS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTORS Sohyb Alblushi
Abdelrahman Khaled Fathalla
REGISTERED OFFICE 35 Benson House 4 Radnor Terrace
London
W14 8FE
United Kingdom
COMPANY NUMBER 14106619 (England and Wales)
CHARTERED ACCOUNTANTS Mercer & Hole LLP
The Pinnacle
170 Midsummer Boulevard
Central Milton Keynes
Buckinghamshire
MK9 1BP
GUILLAM HOLDINGS LTD

BALANCE SHEET

As at 31 May 2024
GUILLAM HOLDINGS LTD

BALANCE SHEET (continued)

As at 31 May 2024
Note 31.05.2024 31.05.2023
£ £
Fixed assets
Investments 3 6,999 6,999
6,999 6,999
Current assets
Debtors 4 984,891 984,891
984,891 984,891
Net current assets 984,891 984,891
Total assets less current liabilities 991,890 991,890
Net assets 991,890 991,890
Capital and reserves
Called-up share capital 5 8,875 8,875
Share premium account 983,015 983,015
Total shareholders' funds 991,890 991,890

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Guillam Holdings Ltd (registered number: 14106619) were approved and authorised for issue by the Board of Directors on 16 May 2025. They were signed on its behalf by:

Abdelrahman Khaled Fathalla
Director
GUILLAM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
GUILLAM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Guillam Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Benson House 4 Radnor Terrace, London, W14 8FE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The comparative period presented in these financial statements covers an extended period of 13 months from incorporation on 13 May 2022 to the Company's desired reporting date of 31 May 2023. As such the results for the current period presented are not entirely comparable with the comparative period.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Year ended
31.05.2024
Period from
13.05.2022 to
31.05.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

31.05.2024
£
Cost
At 01 June 2023 6,999
At 31 May 2024 6,999
Carrying value at 31 May 2024 6,999
Carrying value at 31 May 2023 6,999

4. Debtors

31.05.2024 31.05.2023
£ £
Amounts owed by Group undertakings 984,890 984,890
Other debtors 1 1
984,891 984,891

5. Called-up share capital

31.05.2024 31.05.2023
£ £
Allotted, called-up and fully-paid
8,875 Ordinary shares of £ 1.00 each 8,875 8,875