Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true12023-04-01falsetrueNo description of principal activity1 10701545 2023-04-01 2024-03-31 10701545 2022-04-01 2023-03-31 10701545 2024-03-31 10701545 2023-03-31 10701545 c:Director1 2023-04-01 2024-03-31 10701545 d:CurrentFinancialInstruments 2024-03-31 10701545 d:CurrentFinancialInstruments 2023-03-31 10701545 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10701545 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10701545 d:ShareCapital 2024-03-31 10701545 d:ShareCapital 2023-03-31 10701545 c:EntityHasNeverTraded 2023-04-01 2024-03-31 10701545 c:FRS102 2023-04-01 2024-03-31 10701545 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10701545 c:FullAccounts 2023-04-01 2024-03-31 10701545 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10701545 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 10701545






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










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GATEWAY LIMITED
REGISTERED NUMBER:10701545

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
  
3,000,000
-

  
3,000,000
-

Current assets
  

Debtors: amounts falling due within one year
 4 
2,453,675
2,682,736

  
2,453,675
2,682,736

Creditors: amounts falling due within one year
 5 
(5,453,674)
(2,682,735)

Net current (liabilities)/assets
  
 
 
(2,999,999)
 
 
1

Total assets less current liabilities
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


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GATEWAY LIMITED
REGISTERED NUMBER:10701545
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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

1.


General information

Gateway Limited is a private company limited by shares, registered in England and Wales. The company's registered office is 25 Upper Street, Mayfair, London, W1K 7QD. 
The principal activity of the company during the period was that of an investment 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.

 
2.2

Valuation of investments

Investments in vehicles are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.3

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.

 
2.4

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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
Page 3

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

2.Accounting policies (continued)


2.4
Financial instruments (continued)

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.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


Additions
3,000,000



At 31 March 2024
3,000,000





4.


Debtors

2024
2023
£
£


Other debtors
2,453,675
2,682,736

2,453,675
2,682,736



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
5,453,674
2,682,735

5,453,674
2,682,735


Page 4

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

6.


Related party transactions

At the balance sheet date the company was owed £2,453,675 (2023: £2,682,736) by the director. The loan is due to be repaid by 31 December 2024.
At the balance sheet date the company owed £5,453,674 (2023: £2,682,735) to a company under common control.  The loan is interest free and repayable on demand.

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