Company Registration No. 04327743 (England and Wales)
CONEGATE (2005) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CONEGATE (2005) LIMITED
COMPANY INFORMATION
Director
Mr David Sullivan
Secretary
Mr David Sullivan
Company number
04327743
Registered office
Ramillies House
2 Ramillies Street
London
W1F 7LN
Accountants
F Winter & Co. LLP
Ramillies House
2 Ramillies Street
London
W1F 7LN
CONEGATE (2005) LIMITED
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
CONEGATE (2005) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Trade and other receivables
6
314
314
Cash at bank and in hand
1,276
1,276
1,590
1,590
Current liabilities
7
(1,950,614)
(1,951,864)
Net current liabilities
(1,949,024)
(1,950,274)
Equity
Called up share capital
100
100
Retained earnings
(1,949,124)
(1,950,374)
Total equity
(1,949,024)
(1,950,274)

As permitted by section 444(5a) of the Companies Act 2006 the director has not delivered to the registrar a copy of the income statement within the financial statements.true

 

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

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

The financial statements were approved and signed by the director and authorised for issue on 27 November 2024
Mr David Sullivan
Director
Company Registration No. 04327743
CONEGATE (2005) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
Share capital
Retained earnings
Total
£
£
£
Balance at 1 December 2021
100
(1,949,274)
(1,949,174)
Year ended 30 November 2022:
Loss and total comprehensive income
-
(1,100)
(1,100)
Balance at 30 November 2022
100
(1,950,374)
(1,950,274)
Year ended 30 November 2023:
Profit and total comprehensive income
-
1,250
1,250
Balance at 30 November 2023
100
(1,949,124)
(1,949,024)
CONEGATE (2005) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Company information

Conegate (2005) Limited is a private company limited by shares incorporated in England and Wales with registration number 04327743. The registered office is Ramillies House, 2 Ramillies Street, London, W1F 7LN.

 

 

2
Compliance with accounting standard

The financial statements have been prepared in accordance with the provision of FRS102 including section 1A for small entities. There were no material departures from the standard.

 

3
Accounting policies
3.1
Accounting convention

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out as below.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

3.2
Going concern

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support of the director and parent company, who have indicated that they intend to provide the necessary facilities to enable the company to continue to trade for the forseeable future. If the company was unable to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilitiestrue.

3.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CONEGATE (2005) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
3
Accounting policies
(Continued)
- 4 -
3.4
Financial instruments
Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

 

4
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

5
Employees

The average monthly number of persons (including directors) employed by the company during the year was 1 (2022:1).

 

6
Trade and other receivables
2023
2022
Amounts falling due within one year:
£
£
Other receivables
314
314
CONEGATE (2005) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
7
Current liabilities
2023
2022
£
£
Amounts owed to group undertakings
1,950,614
1,950,614
Other payables
-
0
1,250
1,950,614
1,951,864

Amounts due to group undertaking amounting to £1,950,614 (2022: £1,950,614) are repayable on demand.

8
Related party transactions

The company has taken advantage of the exemption in FRS102 35.1A not to disclose transactions between group members where the subsidiaries are wholly owned by the parent.

9
Parent company

As at 30th November 2023, the immediate parent company is Conegate Holdings Limited (Co. Reg. No. 05219027) and the ultimate parent company is Rosequake Investment Holdings Limited (Co. Reg. No. 11070538) which are both registered in England and Wales and whose registered office is located at Ramillies House, 2 Ramillies Street, London, W1F 7LN.

 

The director, Mr D Sullivan is the ultimate controlling party by virtue of his shareholding in Rosequake Investment Holdings Ltd.

 

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