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REGISTERED NUMBER: 11171922 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

GATESBERG LIMITED

GATESBERG LIMITED (REGISTERED NUMBER: 11171922)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GATESBERG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: B M Gates
Miss F D C Polaine





REGISTERED OFFICE: C/O CBHC Ltd, Steeple House
Suite 3, First Floor
Church Lane
Chelmsford
Essex
CM1 1NH





REGISTERED NUMBER: 11171922 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

GATESBERG LIMITED (REGISTERED NUMBER: 11171922)

BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,128 1,504
1,128 1,504

CURRENT ASSETS
Debtors 6 166,865 178,601
Cash at bank 3,159 2,316
170,024 180,917
CREDITORS
Amounts falling due within one year 7 86,553 90,955
NET CURRENT ASSETS 83,471 89,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,599

91,466

CREDITORS
Amounts falling due after more than one year 8 28,304 34,179
NET ASSETS 56,295 57,287

CAPITAL AND RESERVES
Called up share capital 154 154
Retained earnings 56,141 57,133
56,295 57,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

GATESBERG LIMITED (REGISTERED NUMBER: 11171922)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





Miss F D C Polaine - Director


GATESBERG LIMITED (REGISTERED NUMBER: 11171922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Gatesberg 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences have been fully amortised in the current year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


GATESBERG LIMITED (REGISTERED NUMBER: 11171922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 185,000
AMORTISATION
At 1 March 2023
and 29 February 2024 185,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

GATESBERG LIMITED (REGISTERED NUMBER: 11171922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 3,199
DEPRECIATION
At 1 March 2023 1,695
Charge for year 376
At 29 February 2024 2,071
NET BOOK VALUE
At 29 February 2024 1,128
At 28 February 2023 1,504

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Amounts owed by group undertakings 166,865 178,601

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 6,151 5,794
Trade creditors 43 -
Taxation and social security 105 4,908
Other creditors 80,254 80,253
86,553 90,955

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans 28,304 34,179

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,286 9,777

GATESBERG LIMITED (REGISTERED NUMBER: 11171922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £80,254 (2022 - £80,254) to Reach Your Goals Limited a company under common control.

At the balance sheet date the company was owed £178,601 (2022 - £90,203) by Be Our Guest Networking Limited, a company under common control.