Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-3022022-10-01falseOther letting and operting of own or leased real estate2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10937122 2022-10-01 2023-09-30 10937122 2021-10-01 2022-09-30 10937122 2023-09-30 10937122 2022-09-30 10937122 c:Director1 2022-10-01 2023-09-30 10937122 d:FurnitureFittings 2022-10-01 2023-09-30 10937122 d:FurnitureFittings 2023-09-30 10937122 d:FurnitureFittings 2022-09-30 10937122 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 10937122 d:FreeholdInvestmentProperty 2023-09-30 10937122 d:FreeholdInvestmentProperty 2022-09-30 10937122 d:CurrentFinancialInstruments 2023-09-30 10937122 d:CurrentFinancialInstruments 2022-09-30 10937122 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10937122 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10937122 d:ShareCapital 2023-09-30 10937122 d:ShareCapital 2022-09-30 10937122 d:RetainedEarningsAccumulatedLosses 2023-09-30 10937122 d:RetainedEarningsAccumulatedLosses 2022-09-30 10937122 c:FRS102 2022-10-01 2023-09-30 10937122 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10937122 c:FullAccounts 2022-10-01 2023-09-30 10937122 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 10937122










GATEWAY PORTFOLIO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
GATEWAY PORTFOLIO LIMITED
REGISTERED NUMBER: 10937122

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
746
893

Investment property
 5 
1,220,000
1,220,000

  
1,220,746
1,220,893

Current assets
  

Debtors: amounts falling due within one year
 6 
4,101
2,674

Cash at bank and in hand
  
354,767
325,047

  
358,868
327,721

Creditors: amounts falling due within one year
 7 
(24,726)
(28,703)

Net current assets
  
 
 
334,142
 
 
299,018

Total assets less current liabilities
  
1,554,888
1,519,911

  

Net assets
  
1,554,888
1,519,911


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,554,788
1,519,811

  
1,554,888
1,519,911


Page 1

 
GATEWAY PORTFOLIO LIMITED
REGISTERED NUMBER: 10937122
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 February 2024.




A C Corbett
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
GATEWAY PORTFOLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Gateway Portfolio Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 10937122). Its registered office is 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA. The principal activity of the Company throughout the year continued to be that of the rental of properties.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Fixtures and fittings
-
33%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Page 3

 
GATEWAY PORTFOLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
GATEWAY PORTFOLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 October 2022
5,192


Additions
649



At 30 September 2023

5,841



Depreciation


At 1 October 2022
4,299


Charge for the year on owned assets
796



At 30 September 2023

5,095



Net book value



At 30 September 2023
746



At 30 September 2022
893


5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
1,220,000



At 30 September 2023
1,220,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.





Page 5

 
GATEWAY PORTFOLIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
851
1,234

Other debtors
1,491
-

Prepayments and accrued income
1,759
1,440

4,101
2,674



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
119
37

Amounts owed to group undertakings
-
200

Corporation tax
17,227
19,684

Other creditors
-
1,492

Accruals and deferred income
7,380
7,290

24,726
28,703


 
Page 6