REGISTERED NUMBER: 09357068 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Gargonay Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C M Church

Mrs E Church

REGISTERED OFFICE:

Chancery House

41a Hanger Hill

Weybridge

Surrey

KT13 9XZ

REGISTERED NUMBER:

09357068 (England and Wales)

ACCOUNTANTS:

Ampersand Partnership Limited

Chancery House

41a Hanger Hill

Weybridge

Surrey

KT13 9XZ

FIXED ASSETS

Investments

4

98

98

CURRENT ASSETS

Debtors

1,251,023

668,240

Investments

9,477,135

5,758,785

Cash at bank

9,174,968

12,304,220

19,903,126

18,731,245

CREDITORS

Amounts falling due within one year

164,035

99,109

NET CURRENT ASSETS

19,739,091

18,632,136

TOTAL ASSETS LESS CURRENT LIABILITIES

19,739,189

18,632,234

PROVISIONS FOR LIABILITIES

237,740

92,991

NET ASSETS

19,501,449

18,539,243

CAPITAL AND RESERVES

Called up share capital

99

99

Fair value reserve

5

713,220

396,436

Retained earnings

18,788,130

18,142,708

19,501,449

18,539,243

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 September 2025 and were signed on its behalf by:

J C M Church - Director

1.	STATUTORY INFORMATION

Gargonay 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.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Investments in subsidiary undertakings are recognised at cost.

Interests in listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Transaction costs are expensed to profit or loss as incurred. Changes in fair value are recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

98

NET BOOK VALUE

At 31 December 2024

98

At 31 December 2023

98

5.

RESERVES

Fair

value

reserve

£

At 1 January 2024

396,436

Reserve transfer

316,784

At 31 December 2024

713,220

6.	RELATED PARTY DISCLOSURES

Cobird Limited - an Associate

At the year end Cobird Limited owed the company £89,141 (2023: £89,141).

JCM Church - director and shareholder

At the year end the company owed £29,502 (2023: £28,722) to JCM Church.