Galanta No. 2 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI614119

Galanta No. 2 Limited

Filleted Unaudited Financial Statements

31 July 2025

Galanta No. 2 Limited

Financial Statements

Year ended 31 July 2025

Contents	Page

Officers and professional advisers	1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	4

Galanta No. 2 Limited

Officers and Professional Advisers

The board of directors	Mrs J Mc Cormack
	Mr P Mc Cormack

Registered office	Aisling House
	50 Stranmillis Embankment
	Belfast
	BT9 5FL

Accountants	Maneely Mc Cann Chartered Accountants
	Chartered Accountants
	Aisling House
	50 Stranmillis Embankment
	Belfast
	BT9 5FL

Bankers	Danske Bank
	Donegall Square West
	Belfast
	BT1 6JS

Galanta No. 2 Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Galanta No. 2 Limited

Year ended 31 July 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 July 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Maneely Mc Cann Chartered Accountants Chartered Accountants

Aisling House 50 Stranmillis Embankment Belfast BT9 5FL

28 April 2026

Galanta No. 2 Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Current assets

Stocks		2,180,095	2,160,501
Debtors	4	3,672,479	3,628,227
Cash at bank and in hand		283,448	379,954
		------------	------------
		6,136,022	6,168,682

Creditors: amounts falling due within one year	5	3,278,482	3,299,913
		------------	------------
Net current assets		2,857,540	2,868,769
		------------	------------
Total assets less current liabilities		2,857,540	2,868,769
		------------	------------
Net assets		2,857,540	2,868,769
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	2,857,440	2,868,669
	------------	------------
Shareholders funds	2,857,540	2,868,769
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

Mr P Mc Cormack

Director

Company registration number: NI614119

Galanta No. 2 Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Aisling House, 50 Stranmillis Embankment, Belfast, BT9 5FL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	2025	2024
	£	£
Trade debtors	1,466	1,466
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,670,379	3,626,127
Other debtors	634	634
	------------	------------
	3,672,479	3,628,227
	------------	------------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	10
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,596,526	2,583,683
Corporation tax	–	33,384
Social security and other taxes	4,392	5,272
Other creditors	677,564	677,564
	------------	------------
	3,278,482	3,299,913
	------------	------------

6. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2025	2024
	£	£
Mrs J Mc Cormack	( 64)	( 64)
	----	----

7. Related party transactions

PWD Developments Limited The directors of Galanta No.2 Limited have a participating interest in PWD Developments Limited. At the year end PWD Developments Limited owed a balance to Galanta No.2 Limited of £1,150,538 (2024: £1,106,286). CHJ (125) Limited The directors of Galanta No.2 Limited have a participating interest in CHJ (125) Limited. At the year end CHJ (125) Limited owed a balance to Galanta No.2 Limited of £2,519,841 (2024: £2,519,841). Galanta No.1 Limited The directors of Galanta No.2 Limited have a participating interest in Galanta No.1 Limited At the year end Galanta No.1 Limited was due a balance from Galanta No.2 Limited of £2,546,526 (2024: £2,533,683). Brayfield Developments Limited The directors of Galanta No.2 Limited have a participating interest in Brayfield Developments Limited At the year end Brayfield Developments Limited was due a balance from Galanta No.2 Limited of £50,000 (2024: £50,000).