REGISTERED NUMBER: 03702809 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

GALEFORD MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Rolle

Mrs A J Rolle

Miss K F Rolle

Mrs F J Rolle-Langley

SECRETARY:

Mrs A J Rolle

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

03702809 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

137,820

132,219

Investments

5

-

22,700

Investment property

6

50,246

-

188,066

154,919

CURRENT ASSETS

Debtors

7

73,572

83,656

Cash at bank

49,135

99,990

122,707

183,646

CREDITORS

Amounts falling due within one year

8

7,340

760

NET CURRENT ASSETS

115,367

182,886

TOTAL ASSETS LESS CURRENT LIABILITIES

303,433

337,805

PROVISIONS FOR LIABILITIES

9

2,886

2,886

NET ASSETS

300,547

334,919

CAPITAL AND RESERVES

Called up share capital

10

397

397

Retained earnings

300,150

334,522

SHAREHOLDERS' FUNDS

300,547

334,919

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

Mr M Rolle - Director

1.	STATUTORY INFORMATION

Galeford Management 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 presentation currency of the financial statements is the Pound Sterling (£).

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 rental income, fees for mortgages and finance arranged, income from fitness training and includes profits on currency trading.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

Reducing balance over 3 years

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2024

120,676

2,844

26,900

836

151,256

Additions

-

8,813

-

-

8,813

At 31 March 2025

120,676

11,657

26,900

836

160,069

DEPRECIATION

At 1 April 2024

-

2,571

15,882

584

19,037

Charge for year

-

926

2,203

83

3,212

At 31 March 2025

-

3,497

18,085

667

22,249

NET BOOK VALUE

At 31 March 2025

120,676

8,160

8,815

169

137,820

At 31 March 2024

120,676

273

11,018

252

132,219

Cost or valuation at 31 March 2025 is represented by:

Leasehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Cost

120,676

11,657

26,900

836

160,069

5.	FIXED ASSET INVESTMENTS

Fixed

asset

investme

£

COST OR VALUATION

At 1 April 2024

22,700

Impairments

(22,700

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

22,700

Cost or valuation at 31 March 2025 is represented by:

Fixed

asset

investme

£

Valuation in 2025

(22,700

)

Cost

22,700

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

50,246

At 31 March 2025

50,246

NET BOOK VALUE

At 31 March 2025

50,246

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

71,625

77,871

Directors' current accounts

1,947

5,785

73,572

83,656

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Tax

6,971

501

Social security and other taxes

259

259

Accruals and deferred income

110

-

7,340

760

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

2,886

2,886

Deferred

tax

£

Balance at 1 April 2024

2,886

Balance at 31 March 2025

2,886

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

99

A Ordinary

£1

99

99

99

B Ordinary

£1

99

99

99

C Ordinary

£1

99

99

99

D Ordinary

£1

99

99

1

E Ordinary

£1

1

1

397

397

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr M Rolle

Balance outstanding at start of year

5,785

4,065

Amounts advanced

15,603

214,776

Amounts repaid

(19,441

)

(213,056

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,947

5,785

As at the balance sheet date, included in debtors due within one year is £1,947 (2024: £5,785) due from the directors. The directors loan account was fully repaid within 9 months of the balance sheet date.

12.	RELATED PARTY DISCLOSURES

As at the balance sheet date, included in debtors due within one year is £71,625 (2024: £77,781) due and payable from ERM Investments Limited. Interest was charged at 10% totalling £7,258 (2024: £10,490). The company is under common control by the directors.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Rolle.