GALILEO IT INVESTMENT LIMITED

Company Registration Number:
07178192 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

GALILEO IT INVESTMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

GALILEO IT INVESTMENT LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 50 50
Total fixed assets: 50 50
Current assets
Stocks: 0 0
Debtors: 4 3,129,744 3,338,951
Cash at bank and in hand: 1,857 448
Investments:   0 0
Total current assets: 3,131,601 3,339,399
Creditors: amounts falling due within one year: 5 (3,157,316) (3,365,211)
Net current assets (liabilities): (25,715) (25,812)
Total assets less current liabilities: (25,665) (25,762)
Creditors: amounts falling due after more than one year: 6 (32,362) (28,984)
Provision for liabilities: 0 0
Total net assets (liabilities): (58,027) (54,746)
Capital and reserves
Called up share capital: 50 50
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (58,077) (54,796)
Shareholders funds: (58,027) (54,746)

The notes form part of these financial statements

GALILEO IT INVESTMENT LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 December 2025
and signed on behalf of the board by:

Name: David William Stevens
Status: Director

The notes form part of these financial statements

GALILEO IT INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GALILEO IT INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 3 3

GALILEO IT INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Fixed investments

The investment held pertains to 100% of the shares in Galilei IT Solutions Limited, a wholly-owned subsidiary.

GALILEO IT INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
££
Debtors due after more than one year: 3,129,708 3,338,915

The loan pertains to a promissory note issued by Praevenio Pty Ltd that was subsequently assigned to Galilei IT Solutions Limited. The promissory note is denominated in Australian dollars and Galilei IT Solutions Limited must repay the sum of A$6,457,000 to the company on the date on which the company demands payment of the debt. The promissory note is non-interest bearing and not secured.

GALILEO IT INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

The loan pertains to the receipt of the promissory note issued by Praevenio Pty Ltd, a company domiciled in Australia.

GALILEO IT INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due after more than one year note

The loan is payable to a related party on no specified date, is non-interest bearing and is not secured. The loan is denominated in Australian dollars.

GALILEO IT INVESTMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

7. Post balance sheet events

After the balance sheet date, a reorganisation of the shareholder structure was completed. As part of this reorganisation, the outstanding balances in Loan: Current assets and Loan: Current liability were settled in full. These transactions occurred after the year end and do not affect the amounts recognised in these financial statements.