IRIS Accounts Production v24.3.2.46 10484764 director 1.12.23 30.11.24 30.11.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104847642023-11-30104847642024-11-30104847642023-12-012024-11-30104847642022-11-30104847642022-12-012023-11-30104847642023-11-3010484764ns15:EnglandWales2023-12-012024-11-3010484764ns14:PoundSterling2023-12-012024-11-3010484764ns10:Director12023-12-012024-11-3010484764ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3010484764ns10:SmallEntities2023-12-012024-11-3010484764ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3010484764ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3010484764ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3010484764ns10:FullAccounts2023-12-012024-11-3010484764ns10:OrdinaryShareClass12023-12-012024-11-3010484764ns10:RegisteredOffice2023-12-012024-11-3010484764ns5:CurrentFinancialInstruments2024-11-3010484764ns5:CurrentFinancialInstruments2023-11-3010484764ns5:Non-currentFinancialInstruments2024-11-3010484764ns5:Non-currentFinancialInstruments2023-11-3010484764ns5:ShareCapital2024-11-3010484764ns5:ShareCapital2023-11-3010484764ns5:RevaluationReserve2024-11-3010484764ns5:RevaluationReserve2023-11-3010484764ns5:FurtherSpecificReserve1ComponentTotalEquity2024-11-3010484764ns5:FurtherSpecificReserve1ComponentTotalEquity2023-11-3010484764ns5:RetainedEarningsAccumulatedLosses2024-11-3010484764ns5:RetainedEarningsAccumulatedLosses2023-11-3010484764ns5:CostValuation2023-11-3010484764ns5:RevaluationsIncreaseDecreaseInInvestments2024-11-3010484764ns5:CostValuation2024-11-3010484764ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3010484764ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3010484764ns10:OrdinaryShareClass12024-11-30
REGISTERED NUMBER: 10484764 (England and Wales)















GATEWAY AUTOMATION (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






GATEWAY AUTOMATION (HOLDINGS) LIMITED (REGISTERED NUMBER: 10484764)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GATEWAY AUTOMATION (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: K Fairclough





REGISTERED OFFICE: Unit 11 Kirks Yard
Mere Road
Branston
Lincoln
LN4 2JD





REGISTERED NUMBER: 10484764 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

GATEWAY AUTOMATION (HOLDINGS) LIMITED (REGISTERED NUMBER: 10484764)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 965,000 950,000
Investment property 5 2,287,185 2,073,056
3,252,185 3,023,056

CURRENT ASSETS
Debtors 6 163,670 193,583
Cash at bank 9,022 22,338
172,692 215,921
CREDITORS
Amounts falling due within one year 7 191,748 178,730
NET CURRENT (LIABILITIES)/ASSETS (19,056 ) 37,191
TOTAL ASSETS LESS CURRENT LIABILITIES 3,233,129 3,060,247

CREDITORS
Amounts falling due after more than one year 8 (429,403 ) (227,067 )

PROVISIONS FOR LIABILITIES (55,736 ) (42,360 )
NET ASSETS 2,747,990 2,790,820

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 222,945 222,945
Other reserves 964,000 949,000
Retained earnings 1,560,045 1,617,875
SHAREHOLDERS' FUNDS 2,747,990 2,790,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GATEWAY AUTOMATION (HOLDINGS) LIMITED (REGISTERED NUMBER: 10484764)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 the director and authorised for issue on 13 March 2025 and were signed by:





K Fairclough - Director


GATEWAY AUTOMATION (HOLDINGS) LIMITED (REGISTERED NUMBER: 10484764)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Gateway Automation (Holdings) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Gateway Automation (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Rental income is recognised in the period to which it relates.

Dividend income is recognised as the company's right to receive payment is established.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at fair value.

Investment property
Investment property is show at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GATEWAY AUTOMATION (HOLDINGS) LIMITED (REGISTERED NUMBER: 10484764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 December 2023 950,000
Revaluations 15,000
At 30 November 2024 965,000
NET BOOK VALUE
At 30 November 2024 965,000
At 30 November 2023 950,000

Cost or valuation at 30 November 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2024 15,000
Cost 950,000
965,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 2,073,056
Additions 214,129
At 30 November 2024 2,287,185
NET BOOK VALUE
At 30 November 2024 2,287,185
At 30 November 2023 2,073,056

The investment properties have been revalued to open market value by the director. No professional valuation has been obtained.The historical cost of the properties is £2,011,945..

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2018 99,708
Valuation in 2019 60,532
Valuation in 2021 115,000
Cost 2,011,945
2,287,185

GATEWAY AUTOMATION (HOLDINGS) LIMITED (REGISTERED NUMBER: 10484764)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 52,856 -
Other debtors 110,814 193,583
163,670 193,583

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 29,965 30,093
Trade creditors 1,000 6,997
Amounts owed to group undertakings 138,042 126,218
Taxation and social security 18,788 13,267
Other creditors 3,953 2,155
191,748 178,730

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 429,403 227,067

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 306,985 104,622

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors have a directors loan accounts totalling £192,691 overdrawn brought forward (2023: £75,521 overdrawn). During the year, the directors of the company borrowed £106,980 (2023: £192,770) from the company and repaid £195,000 (2023: £75,600). The balance at the end of the year totalled £104,671 overdrawn (2023: £192,691 overdrawn).