Company Registration No. SC593858 (Scotland)
Galkot Ghumti Ltd
Unaudited accounts
for the year ended 30 April 2025
Galkot Ghumti Ltd
Unaudited accounts
Contents
Galkot Ghumti Ltd
Company Information
for the year ended 30 April 2025
Company Number
SC593858 (Scotland)
Registered Office
5 Hopper Gardens
Newcraighall
Musselburgh
Midlothian
EH21 8RJ
Scotland
Accountants
UNAAS Consultants (UK) Limited
1st Floor, Wellesley House
102 Cranbrook Road
Ilford
Essex
IG1 4NH
Galkot Ghumti Ltd
Statement of financial position
as at 30 April 2025
Investment property
449,500
449,500
Cash at bank and in hand
28,660
33,098
Creditors: amounts falling due within one year
(392,493)
(236,307)
Net current liabilities
(363,833)
(203,209)
Total assets less current liabilities
85,667
246,291
Creditors: amounts falling due after more than one year
-
(210,003)
Called up share capital
100
100
Profit and loss account
85,567
36,188
Shareholders' funds
85,667
36,288
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 August 2025 and were signed on its behalf by
Navin Kandel
Director
Company Registration No. SC593858
Galkot Ghumti Ltd
Notes to the Accounts
for the year ended 30 April 2025
Galkot Ghumti Ltd is a private company, limited by shares, registered in Scotland, registration number SC593858. The registered office is 5 Hopper Gardens, Newcraighall, Musselburgh, Midlothian, EH21 8RJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fair value at 1 May 2024
449,500
In the opinion of the director, the investment properties are shown at fair value at the balance sheet date.
Galkot Ghumti Ltd
Notes to the Accounts
for the year ended 30 April 2025
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
13,000
Taxes and social security
12,701
3,637
Loans from directors
377,828
218,076
At the year end, company was due £Nil (2024: £99,660) to Boxroom Investments Limited. This loan is secured against company's property at 1 Imrie Place, Penicuik, EH26 8HY. This loan attracts 6% interest per annum on outstanding amount.
6
Creditors: amounts falling due after more than one year
2025
2024
At the year end, company was due £Nil (2024: £99,660) to Boxroom Investments Limited. This loan is secured against company's property at 1 Imrie Place, Penicuik, EH26 8HY. This loan attracts 6% interest per annum on outstanding amount.
At the year end, company was due £Nil (2024: £123,343) to Together Commercial Finance Limited. This loan is secured against company's property at 112 High Street, Galashiels, Scotland, TD1 1SQ. This loan attracts 8.49% interest per annum is payable in 10 years.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).