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Registered number: 06924843
Gallinet Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
CJM Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06924843
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,713 8,176
Tangible Assets 5 5,114 7,361
Investments 6 328 100
12,155 15,637
CURRENT ASSETS
Debtors 7 151,266 276,417
Cash at bank and in hand 7,311 43,726
158,577 320,143
Creditors: Amounts Falling Due Within One Year 8 (17,018 ) (15,594 )
NET CURRENT ASSETS (LIABILITIES) 141,559 304,549
TOTAL ASSETS LESS CURRENT LIABILITIES 153,714 320,186
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,278 ) (1,840 )
NET ASSETS 152,436 318,346
CAPITAL AND RESERVES
Called up share capital 10 107 107
Profit and Loss Account 152,329 318,239
SHAREHOLDERS' FUNDS 152,436 318,346
Page 1
Page 2
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Karen Reeves
Director
04/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gallinet Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06924843 . The registered office is Floor 2, Lakeside Point C/O Cjm Associates, Lakeside Business Park, Cannock, Staffordshire, WS11 0XE.
The presentation currency of the financial statements is Pound Sterling (£)
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is has fully amortised.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
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Page 4
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 August 2024 12,000 29,272 41,272
As at 31 July 2025 12,000 29,272 41,272
Amortisation
As at 1 August 2024 12,000 21,096 33,096
Provided during the period - 1,463 1,463
As at 31 July 2025 12,000 22,559 34,559
Net Book Value
As at 31 July 2025 - 6,713 6,713
As at 1 August 2024 - 8,176 8,176
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2024 39,553 12,178 51,731
As at 31 July 2025 39,553 12,178 51,731
Depreciation
As at 1 August 2024 37,283 7,087 44,370
Provided during the period 567 1,680 2,247
As at 31 July 2025 37,850 8,767 46,617
Net Book Value
As at 31 July 2025 1,703 3,411 5,114
As at 1 August 2024 2,270 5,091 7,361
6. Investments
Subsidiaries Listed Total
£ £ £
Cost or Valuation
As at 1 August 2024 100 - 100
Additions - 228 228
As at 31 July 2025 100 228 328
Provision
As at 1 August 2024 - - -
As at 31 July 2025 - - -
...CONTINUED
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Page 5
Net Book Value
As at 31 July 2025 100 228 328
As at 1 August 2024 100 - 100
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 7,200 7,200
Other debtors 7 7
Gallinet Limited 16,179 141,330
Gallinet Property Ltd 127,880 127,880
151,266 276,417
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 600 -
Other creditors 5,699 5,697
Taxation and social security 10,719 9,897
17,018 15,594
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 August 2024 1,840 1,840
Deferred taxation (562 ) (562 )
Balance at 31 July 2025 1,278 1,278
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 107 107
11. Ultimate Controlling Party
The company's ultimate controlling party is the directors .
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