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REGISTERED NUMBER: 07336087 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

RIGHTGATE MANAGEMENT CO LTD

RIGHTGATE MANAGEMENT CO LTD (REGISTERED NUMBER: 07336087)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RIGHTGATE MANAGEMENT CO LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs N POORKHOMAMI





REGISTERED OFFICE: 1e The Ridgeway
London
N11 3LG





REGISTERED NUMBER: 07336087 (England and Wales)





ACCOUNTANTS: Gynch Shaw Maurice & Co
Chartered Certified Accountants
Rear of No 2
SPM House
Glenthorne Road
Friern Barnet
London
N11 3HT

RIGHTGATE MANAGEMENT CO LTD (REGISTERED NUMBER: 07336087)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,364 190,569

CURRENT ASSETS
Stocks 36,720 22,530
Debtors 5 95,993 86,716
Cash at bank and in hand 7,907 31,445
140,620 140,691
CREDITORS
Amounts falling due within one year 6 253,131 189,483
NET CURRENT LIABILITIES (112,511 ) (48,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,853

141,777

CREDITORS
Amounts falling due after more than one year 7 23,685 32,863
NET ASSETS 54,168 108,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,068 108,814
SHAREHOLDERS' FUNDS 54,168 108,914

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 director acknowledges her 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.

RIGHTGATE MANAGEMENT CO LTD (REGISTERED NUMBER: 07336087)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 21 February 2025 and were signed by:





Mrs N POORKHOMAMI - Director


RIGHTGATE MANAGEMENT CO LTD (REGISTERED NUMBER: 07336087)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Rightgate Management Co Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Fixtures and Fittings - 15% reducing balance method

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

RIGHTGATE MANAGEMENT CO LTD (REGISTERED NUMBER: 07336087)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 184,594 7,643 192,237
Additions - 813 813
At 31 March 2024 184,594 8,456 193,050
DEPRECIATION
At 1 April 2023 - 1,668 1,668
Charge for year - 1,018 1,018
At 31 March 2024 - 2,686 2,686
NET BOOK VALUE
At 31 March 2024 184,594 5,770 190,364
At 31 March 2023 184,594 5,975 190,569

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,586 4,197
Other debtors 88,407 82,519
95,993 86,716

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 45,646 48,093
Taxation and social security 28,900 16,656
Other creditors 178,585 124,734
253,131 189,483

RIGHTGATE MANAGEMENT CO LTD (REGISTERED NUMBER: 07336087)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 24,065 33,243
Taxation and social security (380 ) (380 )
23,685 32,863

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank Loan BBLS 24,065 33,243

8. CONTINGENT LIABILITIES

There were no contingent liabilities as at balance sheet date

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a balance of £2,981 (2023: £13,477) owed to the director of the company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs N Poorkhomami-Behzadi.