1 October 2024 false No description of principal activity Taxfiler 2024.6 12221933 business:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12221933 2024-09-30 12221933 2024-10-01 2025-09-30 12221933 business:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 12221933 business:FilletedAccounts 2024-10-01 2025-09-30 12221933 2025-09-30 12221933 business:Director1 2024-10-01 2025-09-30 12221933 business:Director2 2024-10-01 2025-09-30 12221933 business:RegisteredOffice 2024-10-01 2025-09-30 12221933 2024-09-30 12221933 core:WithinOneYear 2025-09-30 12221933 core:WithinOneYear 2024-09-30 12221933 core:AfterOneYear 2025-09-30 12221933 core:AfterOneYear 2024-09-30 12221933 core:ShareCapital core:PreviouslyStatedAmount 2025-09-30 12221933 core:ShareCapital core:PreviouslyStatedAmount 2024-09-30 12221933 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-09-30 12221933 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-09-30 12221933 core:PreviouslyStatedAmount 2025-09-30 12221933 core:PreviouslyStatedAmount 2024-09-30 12221933 business:SmallEntities 2024-10-01 2025-09-30 12221933 countries:EnglandWales 2024-10-01 2025-09-30 12221933 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company Registration No. 12221933 (England and Wales)
Galway Properties Ltd Unaudited accounts for the year ended 30 September 2025
Galway Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Galway Properties Ltd Company Information for the year ended 30 September 2025
Directors
R A O'Donnell D H O'Donnell
Company Number
12221933 (England and Wales)
Registered Office
2 Butterfield Lane St. Albans AL1 2HJ
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Galway Properties Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
509,137
509,137
Current assets
Debtors
5
362
362
Cash at bank and in hand
67,424
42,630
67,786
42,992
Creditors: amounts falling due within one year
6
(24,199)
(1,627)
Net current assets
43,587
41,365
Total assets less current liabilities
552,724
550,502
Creditors: amounts falling due after more than one year
7
(474,958)
(477,625)
Provisions for liabilities
Deferred tax
(12,959)
(12,959)
Net assets
64,807
59,918
Capital and reserves
Called up share capital
2
2
Profit and loss account
64,805
59,916
Shareholders' funds
64,807
59,918
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2025 and were signed on its behalf by
R A O'Donnell Director Company Registration No. 12221933
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Galway Properties Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Galway Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12221933. The registered office is 2 Butterfield Lane, St. Albans, AL1 2HJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 1 October 2024
509,137
At 30 September 2025
509,137
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
362
362
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Galway Properties Ltd Notes to the Accounts for the year ended 30 September 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
12,103
-
Taxes and social security
157
-
Loans from directors
1,939
1,627
Accruals
10,000
-
24,199
1,627
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
362,096
365,763
Loans from directors
112,862
111,862
474,958
477,625
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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