Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activitytrue1false12023-04-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09472727 2023-04-01 2024-03-31 09472727 2022-04-01 2023-03-31 09472727 2024-03-31 09472727 2023-03-31 09472727 c:Director1 2023-04-01 2024-03-31 09472727 d:CurrentFinancialInstruments 2024-03-31 09472727 d:CurrentFinancialInstruments 2023-03-31 09472727 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09472727 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09472727 d:ShareCapital 2024-03-31 09472727 d:ShareCapital 2023-03-31 09472727 d:RetainedEarningsAccumulatedLosses 2024-03-31 09472727 d:RetainedEarningsAccumulatedLosses 2023-03-31 09472727 c:FRS102 2023-04-01 2024-03-31 09472727 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09472727 c:FullAccounts 2023-04-01 2024-03-31 09472727 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09472727 2 2023-04-01 2024-03-31 09472727 4 2023-04-01 2024-03-31 09472727 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 09472727






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










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GATEWAY GROUP LIMITED
REGISTERED NUMBER:09472727

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1
1

  
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
8,211,997
4,723,558

Cash at bank and in hand
 6 
3,989
7,444

  
8,215,986
4,731,002

Creditors: amounts falling due within one year
 7 
(5,094,266)
(4,951,333)

Net current assets/(liabilities)
  
 
 
3,121,720
 
 
(220,331)

Total assets less current liabilities
  
3,121,721
(220,330)

  

Net assets/(liabilities)
  
3,121,721
(220,330)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
3,121,720
(220,331)

  
3,121,721
(220,330)


Page 1

 
GATEWAY GROUP LIMITED
REGISTERED NUMBER:09472727
    
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 GROUP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Gateway Group 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

Interest income

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

 
2.3

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.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated 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.

Page 3

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

2.Accounting policies (continued)

 
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.

 
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 GROUP 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
1



At 31 March 2024
1





5.


Debtors

2024
2023
£
£


Other debtors
8,211,997
4,723,558

8,211,997
4,723,558



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,989
7,444

3,989
7,444



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
721

Corporation tax
905
-

Other creditors
5,092,534
4,949,820

Accruals and deferred income
827
792

5,094,266
4,951,333


Page 5

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

8.


Related party transactions

At the balance sheet date the company owed £5,008,748 (2023: £,4,707,609) to a company under common control.  Interest was payable at 2.25% and amounted to £109,290 (2023: £120,212).
At the balance sheet date the company owed £71,786 (2023: £69,695) to a company under common control.  Interest was payable at 3% and amounted to £2,091 (2023: £2,063).
At the balance sheet date a loan of £3,385,708 owed to a company under common control in respect of an interest free loan was written off. The balance owed at the balance sheet date was £Nil (2023: £160,515).
At the balance sheet date the company was owed £5,710,944 (2023: £3,386,436) by companies under common control in respect of interest free loans repayable on demand.
At the balance sheet date the company was owed £2,501,044 (2023: £1,337,122) by companies under common control.  Interest was receivable at 3% and amounted to £65,691 (2023: £31,501).

 
Page 6