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REGISTERED NUMBER: 05134331 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

GATEDOW LIMITED

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GATEDOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr O Kehoe
Mrs M Kehoe





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 05134331 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,500,000 1,500,000
1,500,000 1,500,000

CURRENT ASSETS
Debtors 6 80,000 80,000
Cash at bank 86,968 189,111
166,968 269,111
CREDITORS
Amounts falling due within one year 7 87,699 122,568
NET CURRENT ASSETS 79,269 146,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,579,269

1,646,543

CREDITORS
Amounts falling due after more than one
year

8

-

(152,250

)

PROVISIONS FOR LIABILITIES 10 (12,327 ) (12,327 )
NET ASSETS 1,566,942 1,481,966

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Fair value reserve 12 497,155 497,155
Retained earnings 1,068,787 983,811
SHAREHOLDERS' FUNDS 1,566,942 1,481,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

BALANCE SHEET - continued
31 OCTOBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2024 and were signed on its behalf by:





Mr O Kehoe - Director


GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Gatedow Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2022
and 31 October 2023 126,383
DEPRECIATION
At 1 November 2022
and 31 October 2023 126,383
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,500,000
NET BOOK VALUE
At 31 October 2023 1,500,000
At 31 October 2022 1,500,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2017 513,231
Cost 986,769
1,500,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amount due from related
company 80,000 80,000
80,000 80,000

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 9) - 20,000
Tenants deposits 15,583 15,583
Tax 22,918 22,268
Tenants payments in advance
and service chargers 10,590 -
Directors' current accounts 35,608 61,717
Accrued expenses 3,000 3,000
87,699 122,568

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 9) - 152,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments - 72,250

9. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 20,000

Amounts falling due between one and two years:
Bank loans - 1-2 years - 20,000
Bank loans - 3-5 years - 60,000
- 80,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments - 72,250

10. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 12,327 12,327

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 12,327
Balance at 31 October 2023 12,327

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

12. RESERVES
Fair
value
reserve
£   
At 1 November 2022
and 31 October 2023 497,155