Galenote Limited - Period Ending 2013-12-31

Galenote Limited - Period Ending 2013-12-31

GALENOTE LIMITED - Company Information

Print Friendly Version

Galenote Limited 05647910 false true 2013-01-01 2013-12-31 2013-12-31 05647910 2013-01-01 2013-12-31 05647910 2013-12-31 05647910 uk-bus:OrdinaryShareClass1 2013-12-31 05647910 uk-bus:Director2 2013-01-01 2013-12-31 05647910 uk-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 05647910 2012-12-31 05647910 2012-12-31 05647910 uk-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP xbrli:shares

Registration number: 05647910

Galenote Limited

Abbreviated Accounts

for the Year Ended 31 December 2013

Michaelides Warner
Accountants & Business Advisors
102 Fulham Palace Road
Hammersmith
London
W6 9PL

 

Galenote Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

 

Galenote Limited
(Registration number: 05647910)
Abbreviated Balance Sheet at 31 December 2013

   

Note

    

2013
£

    

2012
£

  

Fixed assets

  

             

Investments

  

   

2,040,752

   

2,040,752

 

Current assets

  

             

Debtors

  

   

1,556,564

   

1,563,338

 

Creditors: Amounts falling due within one year

  

   

(6,132,532)

   

(5,987,481)

 

Net current liabilities

  

   

(4,575,968)

   

(4,424,143)

 

Net liabilities

  

   

(2,535,216)

   

(2,383,391)

 

Capital and reserves

  

             

Called up share capital

 

4

   

1

   

1

 

Profit and loss account

  

   

(2,535,217)

   

(2,383,392)

 

Shareholders' deficit

  

   

(2,535,216)

   

(2,383,391)

 

For the year ending 31 December 2013 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 30 September 2014

.........................................
Mr Michael J. Fresson
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

 

Galenote Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2

Fixed assets

   

Investments
£

    

Total
£

  

Cost

            

At 1 January 2013

  

2,040,752

    

2,040,752

  

At 31 December 2013

  

2,040,752

    

2,040,752

  

Depreciation

            

At 31 December 2013

  

-

    

-

  

Net book value

            

At 31 December 2013

  

2,040,752

   

2,040,752

 

At 31 December 2012

  

2,040,752

   

2,040,752

 

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

  

2013
£

    

2012
£

  

 

   

 

Amounts falling due within one year

  

6,131,633

    

5,980,708

  

4

Share capital

Allotted, called up and fully paid shares

 

2013

2012

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

1

   

1

   

1

   

1

 
                         

Page 2