Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseholding company11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09363621 2023-04-01 2024-03-31 09363621 2022-04-01 2023-03-31 09363621 2024-03-31 09363621 2023-03-31 09363621 c:Director1 2023-04-01 2024-03-31 09363621 d:CurrentFinancialInstruments 2024-03-31 09363621 d:CurrentFinancialInstruments 2023-03-31 09363621 d:Non-currentFinancialInstruments 2024-03-31 09363621 d:Non-currentFinancialInstruments 2023-03-31 09363621 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09363621 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09363621 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09363621 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09363621 d:ShareCapital 2024-03-31 09363621 d:ShareCapital 2023-03-31 09363621 d:RetainedEarningsAccumulatedLosses 2024-03-31 09363621 d:RetainedEarningsAccumulatedLosses 2023-03-31 09363621 c:FRS102 2023-04-01 2024-03-31 09363621 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09363621 c:FullAccounts 2023-04-01 2024-03-31 09363621 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09363621 2 2023-04-01 2024-03-31 09363621 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 09363621






GATEWAY SECURITIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










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GATEWAY SECURITIES LIMITED
REGISTERED NUMBER:09363621

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
7
7

  
7
7

Current assets
  

Debtors: amounts falling due within one year
 5 
5,882,027
5,574,670

Cash at bank and in hand
 6 
12
12

  
5,882,039
5,574,682

Creditors: amounts falling due within one year
 7 
(14,697)
(15,636)

Net current assets
  
 
 
5,867,342
 
 
5,559,046

Total assets less current liabilities
  
5,867,349
5,559,053

Creditors: amounts falling due after more than one year
  
(5,642,073)
(5,441,952)

  

Net assets
  
225,276
117,101


Capital and reserves
  

Called up share capital 
  
5
5

Profit and loss account
  
225,271
117,096

  
225,276
117,101


Page 1

 
GATEWAY SECURITIES LIMITED
REGISTERED NUMBER:09363621
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A J Dean
Director

Date: 29 January 2025

Page 2

 
GATEWAY SECURITIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Gateway Securities Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Gateway House, 10 Coopers Way, Southend on Sea, Essex, SS2 5TE.
The principal activity of the company continued to be that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
GATEWAY SECURITIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
GATEWAY SECURITIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
7



At 31 March 2024
7






Net book value



At 31 March 2024
7



At 31 March 2023
7


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
873,280
867,061

Other debtors
5,008,747
4,707,609

5,882,027
5,574,670



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12
12

12
12


Page 5

 
GATEWAY SECURITIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
979

Other creditors
13,580
13,581

Accruals and deferred income
1,117
1,076

14,697
15,636



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
5,642,073
5,441,952

5,642,073
5,441,952


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable other than by instalments
5,642,073
5,441,952

5,642,073
5,441,952




9.


Related party transactions

At the balance sheet date the company was owed £5,008,747 (2023: £4,707,609) by a company under common control.  Interest was receivable at 2.25% and amounted to £109,290 (2023: £118,149).
At the balance sheet date the company owed £13,580 (2023: £13,581) to companies under common control in respect of interest free loans repayable on demand.
The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

 
Page 6