IRIS Accounts Production v24.1.4.33 04379369 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043793692023-03-31043793692024-03-31043793692023-04-012024-03-31043793692022-03-31043793692022-04-012023-03-31043793692023-03-3104379369ns14:PoundSterling2023-04-012024-03-3104379369ns10:Director12023-04-012024-03-3104379369ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104379369ns10:SmallEntities2023-04-012024-03-3104379369ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104379369ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104379369ns10:FullAccounts2023-04-012024-03-3104379369ns10:OrdinaryShareClass12023-04-012024-03-3104379369ns10:Director22023-04-012024-03-3104379369ns10:CompanySecretary12023-04-012024-03-3104379369ns10:RegisteredOffice2023-04-012024-03-3104379369ns5:CurrentFinancialInstruments2024-03-3104379369ns5:CurrentFinancialInstruments2023-03-3104379369ns5:ShareCapital2024-03-3104379369ns5:ShareCapital2023-03-3104379369ns5:RetainedEarningsAccumulatedLosses2024-03-3104379369ns5:RetainedEarningsAccumulatedLosses2023-03-3104379369ns5:CostValuation2023-03-3104379369ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104379369ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104379369ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 04379369















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

STEELGATE LIMITED

STEELGATE LIMITED (REGISTERED NUMBER: 04379369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STEELGATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Rahim Virani
Karim Virani



SECRETARY: Paul Davis



REGISTERED OFFICE: Crown House
North Circular Road
London
NW10 7PN



REGISTERED NUMBER: 04379369



ACCOUNTANTS: UHY Hacker Young
168 Church Road
Hove
East Sussex
BN3 2DL



BANKERS: Punjab National Bank (International) Ltd
110 South Road
Southall
UB1 1RB

STEELGATE LIMITED (REGISTERED NUMBER: 04379369)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 60,500 60,500

CURRENT ASSETS
Debtors 5 54,560 54,560
Cash at bank 1,644 1,944
56,204 56,504
CREDITORS
Amounts falling due within one year 6 1,487 1,737
NET CURRENT ASSETS 54,717 54,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,217

115,267

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 114,217 114,267
SHAREHOLDERS' FUNDS 115,217 115,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

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 25 September 2024 and were signed on its behalf by:





Rahim Virani - Director


STEELGATE LIMITED (REGISTERED NUMBER: 04379369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Steelgate Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is Crown House, North Circular Road, Park Royal, London NW10 7PN.

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.

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.

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.

Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 21,333 21,333
Loans to group undertakings 39,167 39,167
60,500 60,500

STEELGATE LIMITED (REGISTERED NUMBER: 04379369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 21,333
NET BOOK VALUE
At 31 March 2024 21,333
At 31 March 2023 21,333
Loans to
group
undertakings
£   
At 1 April 2023
and 31 March 2024 39,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 53,560 53,560
Other debtors 1,000 1,000
54,560 54,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,487 1,487
Accruals and deferred income - 250
1,487 1,737

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000