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REGISTERED NUMBER: 07177140 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GALENE HOLDINGS LIMITED

GALENE HOLDINGS LIMITED (REGISTERED NUMBER: 07177140)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


GALENE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M H Whittle
Mrs J F Whittle
A J Whittle
J A Whittle





REGISTERED OFFICE: First Avenue
Poynton Industrial Estate
Poynton
Cheshire
SK12 1YJ





REGISTERED NUMBER: 07177140 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

GALENE HOLDINGS LIMITED (REGISTERED NUMBER: 07177140)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,112,277 1,130,541
Investments 5 500 500
1,112,777 1,131,041

CURRENT ASSETS
Debtors 6 175,309 75,862
Cash at bank 184,345 420,307
359,654 496,169
CREDITORS
Amounts falling due within one year 7 574,185 587,710
NET CURRENT LIABILITIES (214,531 ) (91,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

898,246

1,039,500

CREDITORS
Amounts falling due after more than one
year

8

-

71,578
NET ASSETS 898,246 967,922

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 897,246 966,922
SHAREHOLDERS' FUNDS 898,246 967,922

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

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

GALENE HOLDINGS LIMITED (REGISTERED NUMBER: 07177140)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:




M H Whittle - Director A J Whittle - Director




J A Whittle - Director


GALENE HOLDINGS LIMITED (REGISTERED NUMBER: 07177140)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Galene Holdings 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance

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

Taxation
Taxation for the year 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 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 1 (2023 - 1 ) .

GALENE HOLDINGS LIMITED (REGISTERED NUMBER: 07177140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 1,367,400 3,080 1,370,480
DEPRECIATION
At 1 January 2024 237,016 2,923 239,939
Charge for year 18,232 32 18,264
At 31 December 2024 255,248 2,955 258,203
NET BOOK VALUE
At 31 December 2024 1,112,152 125 1,112,277
At 31 December 2023 1,130,384 157 1,130,541

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 500
NET BOOK VALUE
At 31 December 2024 500
At 31 December 2023 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Amounts owed by group undertakings 163,187 63,647
Other debtors 12,122 12,215
175,309 75,862

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 72,364 69,590
Trade creditors - 360
Taxation and social security 77,886 71,996
Other creditors 423,935 445,764
574,185 587,710

GALENE HOLDINGS LIMITED (REGISTERED NUMBER: 07177140)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans - 71,578

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 72,364 141,168

The bank loan is secured against the property at 1st Avenue, Poynton Industrial Estate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
1,000 Ordinary £1 1,000 1,000