Company Registration No. 06630736 (England and Wales)
Gateway Incorporated Limited
Unaudited accounts
for the year ended 31 December 2023
Gateway Incorporated Limited
Unaudited accounts
Contents
Gateway Incorporated Limited
Company Information
for the year ended 31 December 2023
Directors
ADEYEMI, Elizabeth Adejoke Olusola
OGUNDAYO, Joel Aderemi
OLALEYE, Babajide Stephen
Company Number
06630736 (England and Wales)
Registered Office
GATEWAY HOUSE
JOHN WILSON STREET
LONDON
SE18 6QQ
ENGLAND
Gateway Incorporated Limited
Statement of financial position
as at 31 December 2023
Tangible assets
1,111,918
1,149,063
Cash at bank and in hand
26,871
55,918
Creditors: amounts falling due within one year
(1,752,248)
(1,723,986)
Net current liabilities
(1,694,804)
(1,666,888)
Net liabilities
(582,886)
(517,825)
Called up share capital
100
100
Profit and loss account
(582,986)
(517,925)
Shareholders' funds
(582,886)
(517,825)
For the year ending 31 December 2023 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 13 August 2024 and were signed on its behalf by
OGUNDAYO, Joel Aderemi
Director
Company Registration No. 06630736
Gateway Incorporated Limited
Notes to the Accounts
for the year ended 31 December 2023
Gateway Incorporated Limited is a private company, limited by shares, registered in England and Wales, registration number 06630736. The registered office is GATEWAY HOUSE, JOHN WILSON STREET, LONDON, SE18 6QQ, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% straight line
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,539,306
9,484
1,548,790
At 31 December 2023
1,539,306
9,484
1,548,790
At 1 January 2023
390,243
9,484
399,727
Charge for the year
37,145
-
37,145
At 31 December 2023
427,388
9,484
436,872
At 31 December 2023
1,111,918
-
1,111,918
At 31 December 2022
1,149,063
-
1,149,063
Gateway Incorporated Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
1,716,289
1,712,632
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company's immediate and ultimate parent undertaking is New Wine International, a charitable company who controls 100% of the issued shares of Gateway Incorporated Ltd. New Wine International was incorporated in England and Wales. Copies of the group accounts may be obtained from the parent undertaking's registered office at Gateway House, John Wilson Street, Woolwich, London SE18 6QQ.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).