GALLUS LONDON LTD

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 11356235

		2024		2023
	Notes	$	$	$	$
FIXED ASSETS
Investments	4		1,659,364		1,267,923

			1,659,364		1,267,923
CURRENT ASSETS
Investments	5	2,675,429		2,636,165
Cash at bank and in hand		77,420		62,668

		2,752,849		2,698,833
Creditors: Amounts Falling Due Within One Year	6	(7,794 )		(8,200 )

NET CURRENT ASSETS (LIABILITIES)			2,745,055		2,690,633

TOTAL ASSETS LESS CURRENT LIABILITIES			4,404,419		3,958,556

NET ASSETS			4,404,419		3,958,556

CAPITAL AND RESERVES
Called up share capital	7		3,210,125		3,210,127
Profit and Loss Account			1,194,294		748,429

SHAREHOLDERS' FUNDS			4,404,419		3,958,556

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

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kerim Onder

Director

25/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

GALLUS LONDON LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11356235 . The registered office is 124, City Road, London, United Kingdom, EC1V 2NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the

transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: NIL)

4. Investments

	Other
	$
Cost
As at 1 January 2024	1,267,923
Additions	120,410
Fair value adjustments	271,031

As at 31 December 2024	1,659,364

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	1,659,364

As at 1 January 2024	1,267,923

Non-current asset investments are stated at fair value or cost, depending on the classification. Changes in fair value, where applicable, are recognised in other comprehensive income or profit and loss, in accordance with accounting standards

5. Current Asset Investments

	2024	2023
	$	$
Listed investments	2,675,429	2,636,165

Listed investment are stated at fair value which is the market value.The market values are based on quoted market prices or broker price quotations. Any changes in fair value during the year are recognised in the profit or loss account.

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	$	$
Trade creditors	747	-
Accruals and deferred income	7,047	8,200

	7,794	8,200

Page 2

Page 3

GALLUS LONDON LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Share Capital

	2024	2023
	$	$
Allotted, Called up and fully paid	3,210,125	3,210,127