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Registered number: 11837337

VR Gateway Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

VR Gateway Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
I Irving
G M Donaldson
B T Duncan
REGISTERED OFFICE
6 Brunswick Street
Carlisle
Cumbria
CA11PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11837337
BANKERS
The Cumberland Building Society
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

VR Gateway Limited

ACCOUNTS
FOR THEYEARENDED28/02/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

VR Gateway Limited

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,0491,399
CURRENT ASSETS
Cash at bank and in hand4,7644,992
4,7644,992
CREDITORS: Amounts falling due within one year41,08015,480
NET CURRENT ASSETS / (LIABILITIES)3,684(10,488)
TOTAL ASSETS LESS CURRENT LIABILITIES4,733(9,089)
CREDITORS: Amounts falling due after more than one year515,0003,000
NET LIABILITIES(10,267)(12,089)
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account(10,367)(12,189)
SHAREHOLDERS' FUNDS(10,267)(12,089)
For the year ending 28/02/2023 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 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/10/2023 and signed on their behalf by
.............................
I Irving
Director

VR Gateway Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees32

VR Gateway Limited

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/03/20221,8661,866
At 28/02/20231,8661,866
Depreciation
At 01/03/2022467467
For the year350350
At 28/02/2023817817
Net Book Amounts
At 28/02/20231,0491,049
At 28/02/20221,3991,399
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account-2,940
Bank Loan-12,000
Trade creditors540-
Accruals540540
1,08015,480
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr15,0003,000
15,0003,000

VR Gateway Limited

6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
7. RELATED PARTY TRANSACTIONS
At the balance sheet date no loan was owed to the directors by the company (2022 £2,940). The loan was interest free, unsecured and repayable on demand.
No remuneration or dividends were paid to the directors during the period (2022 - £Nil).