REGISTERED NUMBER: 02267410 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GALACOURT PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Paschali

Mrs T Paschali

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

02267410 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

675

648

Investment property

5

1,389,950

1,015,936

1,390,625

1,016,584

CURRENT ASSETS

Debtors

6

32,020

500

Cash at bank

10,470

1,665

42,490

2,165

CREDITORS

Amounts falling due within one year

7

481,988

66,741

NET CURRENT LIABILITIES

(439,498

)

(64,576

)

TOTAL ASSETS LESS CURRENT LIABILITIES

951,127

952,008

CREDITORS

Amounts falling due after more than one year

8

(184,472

)

(171,258

)

PROVISIONS FOR LIABILITIES

(38,281

)

(40,086

)

NET ASSETS

728,374

740,664

CAPITAL AND RESERVES

Called up share capital

11

2

2

Fair value reserve

12

433,402

431,532

Retained earnings

294,970

309,130

SHAREHOLDERS' FUNDS

728,374

740,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 17 November 2025 and were signed on its behalf by:

Mrs T Paschali - Director

1.	STATUTORY INFORMATION

Galacourt Properties 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, other sales taxes and net of VAT.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

1,013

Additions

191

At 31 March 2025

1,204

DEPRECIATION

At 1 April 2024

365

Charge for year

164

At 31 March 2025

529

NET BOOK VALUE

At 31 March 2025

675

At 31 March 2024

648

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,015,936

Additions

374,014

At 31 March 2025

1,389,950

NET BOOK VALUE

At 31 March 2025

1,389,950

At 31 March 2024

1,015,936

Fair value at 31 March 2025 is represented by:

£

Valuation in 2004

96,618

Valuation in 2017

375,000

Cost

918,332

1,389,950

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts due from related party

26,400

500

VAT

898

-

Prepayments

4,722

-

32,020

500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

432,258

30,178

Trade creditors

570

-

Amounts due to related company

20,110

23,110

Corporation tax payable

12,078

9,377

VAT

-

1,496

Directors' current accounts

636

780

Accruals

1,800

1,800

Deferred income

14,536

-

481,988

66,741

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

184,472

171,258

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

140,472

50,546

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

421,258

-

Bank loans

11,000

30,178

432,258

30,178

Amounts falling due between one and two years:

Bank loans - 1-2 years

11,000

30,178

Amounts falling due between two and five years:

Bank loans - 2-5 years

33,000

90,534

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

140,472

50,546

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

195,472

201,436

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

12.

RESERVES

Fair

value

reserve

£

At 1 April 2024

431,532

Fair value movement

1,870

At 31 March 2025

433,402