GALILEI IT SOLUTIONS LIMITED

Company Registration Number:
07178741 (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

GALILEI IT SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

GALILEI IT SOLUTIONS 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 3,961,783 3,961,783
Total fixed assets: 3,961,783 3,961,783
Current assets
Stocks: 0 0
Debtors:   13,850 13,763
Cash at bank and in hand: 811 1,011
Investments:   0 0
Total current assets: 14,661 14,774
Creditors: amounts falling due within one year: 4 (3,198,313) (3,351,448)
Net current assets (liabilities): (3,183,652) (3,336,674)
Total assets less current liabilities: 778,131 625,109
Creditors: amounts falling due after more than one year: 5 (81,018) (82,382)
Provision for liabilities: 0
Total net assets (liabilities): 697,113 542,727
Capital and reserves
Called up share capital: 50 50
Share premium account: 0 0
Revaluation reserve:6591,751591,751
Other reserves: 0 0
Profit and loss account: 105,312 (49,074)
Shareholders funds: 697,113 542,727

The notes form part of these financial statements

GALILEI IT SOLUTIONS 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

GALILEI IT SOLUTIONS 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

GALILEI IT SOLUTIONS 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

GALILEI IT SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Fixed investments

The investment held pertains to the 70% shareholding in Brennan VDI Pty Ltd, a company domiciled in Australia. The investment is accounted for at cost less impairment charges.

GALILEI IT SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due within one year note

The loan pertains to a promissory note issued by Praevenio Pty Ltd to Galileo IT Investment Limited that was subsequently assigned by Galilei IT Solutions Limited to David William Stevens for the purchase of his 70% shareholding in Brennan VDI Pty Ltd, a company domiciled in Australia. The promissory note is denominated in Australian dollars and the company must repay the sum of A$6,457,000 to David William Stevens on the date on which he demands payment of the debt. The promissory note is non-interest bearing and not secured.

GALILEI IT SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. 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.

GALILEI IT SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Revaluation reserve

2025
£
Balance at 01 April 2024 591,751
Surplus or deficit after revaluation 0
Balance at 31 March 2025 591,751

GALILEI IT SOLUTIONS 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: amounts falling due within one year were settled in full. In addition, the company disposed of its investment in Brennan VDI Pty Ltd to Brennan Technology Group Pty Ltd. These transactions occurred after the year end and do not affect the amounts recognised in these financial statements.