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COMPANY REGISTRATION NUMBER: 12308923
Gateway Wheelers
Company Limited by Guarantee
Filleted Unaudited Financial Statements
30 November 2023
Gateway Wheelers
Company Limited by Guarantee
Statement of Financial Position
30 November 2023
2023
Note
£
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 August 2024 , and are signed on behalf of the board by:
Mr B Milner
Company registration number: 12308923
Gateway Wheelers
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is The Old Rectory, The Broadway, Houghton le Spring, DH4 4BB, Tyne and Wear.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in members funds during the current year or prior year.
4. Company limited by guarantee
The company is limited by guarantee. The potential liability of the members is set out in the Memorandum and Articles of Association, the relevant clause is reproduced below:-
"Each member undertakes to contribute to the assets of the Company in the event of its being wound up while he is a member or within one year after he ceases to be a member for: a) payment of the Company's debts and liabilities contracted before he, she or it ceases to be a member; b) payment of the costs, charges and expenses of winding up, and; c) adjustments of the rights of the contributories among themselves.
Each members contribution is limited to £10."