Galleondeal Limited - Limited company - abbreviated

REGISTERED NUMBER: 04018426 (England and Wales)

GALLEONDEAL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D C L Miller

N H Brunskill

SECRETARY:

C G Morgan

REGISTERED OFFICE:

50 Aylesbury Road

Aston Clinton

Aylesbury

Buckinghamshire

HP22 5AH

REGISTERED NUMBER:

04018426 (England and Wales)

CURRENT ASSETS

Debtors

394,785

410,048

Cash at bank

4,593

217

399,378

410,265

CREDITORS

Amounts falling due within one year

(395,701

)

(405,946

)

NET CURRENT ASSETS

3,677

4,319

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,677

4,319

CAPITAL AND RESERVES

Called up share capital

2

200

Profit and loss account

3,477

4,119

SHAREHOLDERS' FUNDS

3,677

4,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 August 2015 and were signed on its
behalf by:

D C L Miller - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover is the total amount receivable by the company in the ordinary course of business with outside

customers for the sale of property and land. Sales of property are recognised if a legally binding

unconditional contract has been exchanged and completed.

Rental income is recognised in the period to which it relates.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Going concern

The company currently has a minimal ongoing working capital requirement due to the nature of its

activities.

In making their assessment of going concern, the directors have taken account of the continuing

financial support pledged by other group and related companies. The directors are confident that the

other group and related companies are able to provide this support and therefore the company should

not require alternative financing in order to continue in business.

The directors have prepared group forecasts which indicate that the company will be able to meet its

liabilities as and when they fall due for payment. These forecasts include expected cash inflows from

the sale of properties held by the group and related companies. If these transactions do not occur

within the expected timeframe then the group and related companies would need to seek alternative

financing in order to continue in business. The directors believe that they have a reasonable

expectation of selling the properties within the required timeframe and as a result have drawn up the

financial statements using the going concern basis of accounting.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

50

50 'A' Ordinary shares

£1

50

50 'B' Ordinary shares

£1

50

100

100 Preference shares

£1

100

200

Preference shares

The preference shares are non-equity shares which carry an entitlement, if the company makes a

profit, in priority to any payment of dividend on any other class of shares in the company to a single

fixed dividend of £1 per share per annum.If the profits of the company available for distribution by way

of dividend exceed £200,000,000 the preference shares shall be entitled in respect of such excess to

participate in the profits of the company available for distribution by way of a dividend other than the

fixed sum of £1 per share per annum.

Holders of preference shares have no voting rights, except on a resolution for the winding-up of the

company or on a resolution affecting the rights attached to the shares. Preference share shareholders

have the right on a winding-up to receive, after the other classes of shares, the amounts paid up or

credited as paid up on such shares.

3.	ULTIMATE PARENT COMPANY

The immediate parent company is Artillery Mansions Limited by virtue of its 100% shareholding in the

company.

Up until the 6 August 2013 the ultimate parent company was Roxylight Holdings Limited by virtue of its

100% shareholding in Leongreen Limited which held 100% of the shares in Artillery Mansions Limited.

From the 6 August 2013 the ultimate parent company is James Lawson Holdings Limited by virtue of

its acquisition of a controlling interest in Roxylight Holdings Limited.

Since the 15 September 2014, shares in Artillery Mansions Limited are directly held by Roxylight

Holdings Limited.

Galleondeal Limited - Limited company - abbreviated - 11.6

Galleondeal Limited - Limited company - abbreviated - 11.6