REGISTERED NUMBER: 13966159 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

GALAPAGOS TEAM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Barcelos Ferreira

REGISTERED OFFICE:

14 Southdean Gardens

London

SW19 6NU

REGISTERED NUMBER:

13966159 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

3,164

2,913

CURRENT ASSETS

Debtors

5

68,605

5,892

Cash at bank

278,209

184,155

346,814

190,047

CREDITORS

Amounts falling due within one year

6

102,220

80,863

NET CURRENT ASSETS

244,594

109,184

TOTAL ASSETS LESS CURRENT LIABILITIES

247,758

112,097

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

247,658

111,997

SHAREHOLDERS' FUNDS

247,758

112,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 9th June 2026 and were signed by:

S Barcelos Ferreira - Director

1.	STATUTORY INFORMATION

Galapagos Team Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT. Turnover is recognised when the following specific criteria is met:

Rendering of services: Turnover is recognised by reference to the stage of completion of the service at the end of the reporting period.

Deferred income: Payments received in advance of services are deferred and included in creditors as deferred income until the criteria for recognition is met.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2025

3,718

Additions

1,263

At 31st March 2026

4,981

DEPRECIATION

At 1st April 2025

805

Charge for year

1,012

At 31st March 2026

1,817

NET BOOK VALUE

At 31st March 2026

3,164

At 31st March 2025

2,913

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

68,274

5,200

VAT

-

170

Prepayments and accrued income

331

522

68,605

5,892

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

114

900

Tax

63,181

12,402

Social security and other taxes

471

45

VAT

19,961

-

Directors' current accounts

56

6,555

Deferred income

17,362

59,935

Accrued expenses

1,075

1,026

102,220

80,863

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

50

'A' Ordinary

£1

50

50

50

'B' Ordinary

£1

50

50

100

100

8.

RESERVES

Retained

earnings

£

At 1st April 2025

111,997

Profit for the year

187,261

Dividends

(51,600

)

At 31st March 2026

247,658

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S Barcelos Ferreira.