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Company Registration No. 04312876 (England and Wales)
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Unaudited accounts for the year ended 31 December 2022
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Unaudited accounts Contents
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GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Company Information for the year ended 31 December 2022
Directors
REV AKIN LAOSUN MR OLANIYI OLAOSEBIKAN MR AKINLOLU AKINSOLA MR KAYODE OLABISI
Company Number
04312876 (England and Wales)
Registered Office
THE CENTRE 79-83 LONDON ROAD GRAYS ESSEX RM17 5YF
Accountants
AA MATTHEW & CO NEWSPRING HOUSE 3 WORCESTER AVENUE OLD SWAN LIVERPOOL L13 9AZ
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GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,383 
18,840 
Current assets
Debtors
1,351 
241 
Cash at bank and in hand
75,700 
72,926 
77,051 
73,167 
Creditors: amounts falling due within one year
(17,884)
(7,184)
Net current assets
59,167 
65,983 
Total assets less current liabilities
78,550 
84,823 
Creditors: amounts falling due after more than one year
(10,800)
(10,800)
Net assets
67,750 
74,023 
Reserves
Profit and loss account
67,750 
74,023 
Members' funds
67,750 
74,023 
For the year ending 31 December 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by
REV AKIN LAOSUN Director Company Registration No. 04312876
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GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE is a private company, limited by guarantee, registered in England and Wales, registration number 04312876. The registered office is THE CENTRE 79-83, LONDON ROAD, GRAYS, ESSEX, RM17 5YF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% REDUCING BALANCE
Motor vehicles
25% REDUCING BALANCE
Fixtures & fittings
25% REDUCING BALANCE
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
70,916 
10,412 
30,723 
112,051 
Additions
7,004 
- 
- 
7,004 
At 31 December 2022
77,920 
10,412 
30,723 
119,055 
Depreciation
At 1 January 2022
56,478 
9,756 
26,977 
93,211 
Charge for the year
5,361 
164 
936 
6,461 
At 31 December 2022
61,839 
9,920 
27,913 
99,672 
Net book value
At 31 December 2022
16,081 
492 
2,810 
19,383 
At 31 December 2021
14,438 
656 
3,746 
18,840 
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GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
851 
241 
Other debtors
500 
- 
1,351 
241 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
12,848 
5,448 
Other creditors
3,636 
536 
Accruals
1,400 
1,200 
17,884 
7,184 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Other creditors
10,800 
10,800 
8
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.
9
Capital commitments
2022 
2021 
£ 
£ 
There were no capital commitments at the end of the period.
10
Contingent liabilities
At the date of the balance sheet there were no contingent liabilities.
11
Loans to directors
There were no Directors Advances and credits therefore terms of credit and interest rates did not arise in the period.
12
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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