REGISTERED NUMBER: 04205941 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Galalane Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms K K W Y Chua

J C G Chua

C X Y Chua

REGISTERED OFFICE:

Unit 7-9 Meridian Trading Estate

Bugsby Way

London

SE7 7SW

REGISTERED NUMBER:

04205941 (England and Wales)

AUDITORS:

Thornton Springer LLP

Chartered Accountants and

Statutory Auditor

67 Westow Street

London

SE19 3RW

FIXED ASSETS

Investments

5

500,218

500,118

CURRENT ASSETS

Debtors

6

200

-

CREDITORS

Amounts falling due within one year

7

(701,154

)

(701,054

)

NET CURRENT LIABILITIES

(700,954

)

(701,054

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(200,736

)

(200,936

)

CAPITAL AND RESERVES

Called up share capital

8

16,092,930

16,092,730

Retained earnings

(16,293,666

)

(16,293,666

)

SHAREHOLDERS' FUNDS

(200,736

)

(200,936

)

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 2 September 2025 and were signed on its behalf by:

Ms K K W Y Chua - Director

1.	STATUTORY INFORMATION

Galalane 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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 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.

Going concern

The liabilities exceed assets by £200,736. However, included within other creditors there are balances of £700,936 owed to group undertakings which the directors have confirmed will not be paid until the company is able to fund its own operations from realised profits. The company also owns 100% of the share capital of Chuanglee Limited and Chuanglee Cash & Carry Limited and both companies have substantial surplus reserves to support the parent company. On this basis the directors considers it appropriate to prepare accounts on a going concern basis.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

500,118

Additions

100

At 31 December 2024

500,218

NET BOOK VALUE

At 31 December 2024

500,218

At 31 December 2023

500,118

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Chuanglee Limited

Registered office: Unit 7-9 Meridian Trading Estate,Bugsby Way, London, SE7 7SW

Nature of business: Retail

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

1,993,144

1,576,896

Profit for the year/period

416,248

824,621

Chuanglee Cash & Carry Limited

Registered office: Unit 7-9 Meridian Trading Estate, Bugsby Way, London, SE7 7SW

Nature of business: Retail

%

Class of shares:

holding

Ordinary

100.00

31.12.24

31.12.23

£

£

Aggregate capital and reserves

975,952

778,717

Profit/(loss) for the year/period

197,235

(197,174

)

Chuanglee MiniC Greenwich Limited

Registered office: Unit 7-9 Meridian Trading Estate, Bugsby Way, London, SE7 7SW

Nature of business: Retail

%

Class of shares:

holding

Ordinary

100.00

31.12.24

£

Aggregate capital and reserves

(34,092

)

Loss for the year

(34,192

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

200

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

700,936

700,936

Other creditors

218

118

701,154

701,054

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

16,092,730

Ordinary A

£1

16,092,730

16,092,730

200

Ordinary B

£1

200

-

16,092,930

16,092,730

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Zahid Saleem ACA FCCA MBA (Senior Statutory Auditor)

for and on behalf of Thornton Springer LLP

10.	RELATED PARTY DISCLOSURES

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.

11.	ULTIMATE CONTROLLING PARTY

The parent company during the financial year is Bamboo Mart UK Limited, a company incorporated in England and Wales.

These accounts have been consolidated in the Bamboo Mart UK Limited accounts and for which copies of the consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ (Smallest group).

The ultimate parent company is NR Instant Produce Public Company Limited, a company registered in Thailand (Largest group).

The directors of the immediate parent company are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.