Company Registration No. 02348810 (England and Wales)
County Gate Properties Limited
Unaudited accounts
for the year ended 30 April 2024
County Gate Properties Limited
Unaudited accounts
Contents
County Gate Properties Limited
Company Information
for the year ended 30 April 2024
Company Number
02348810 (England and Wales)
Registered Office
1st Formations Ltd
71-75 Shelton Street
London
London
WC2H 9JQ
England
County Gate Properties Limited
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
569
345
Creditors: amounts falling due within one year
(268,445)
(219,349)
Net current liabilities
(105,560)
(104,884)
Net liabilities
(105,559)
(104,883)
Called up share capital
12,502
12,502
Profit and loss account
(118,061)
(117,385)
Shareholders' funds
(105,559)
(104,883)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 April 2025 and were signed on its behalf by
A Deme
Director
Company Registration No. 02348810
County Gate Properties Limited
Notes to the Accounts
for the year ended 30 April 2024
County Gate Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 02348810. The registered office is 1st Formations Ltd, 71-75 Shelton Street, London, London, WC2H 9JQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.
Revenue is recognised on completion of the legal contract of sale of the property concerned.
The financial statements present information about the company as an individual undertaking and not about its group. The company has taken advantage of the exemption not to prepare group accounts as provided by Companies Act 2006.
Investments held as fixed assets are shown at cost less provision for impairment.
Stock and work in progress
Stock and work in progress have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a all direct costs and an appropriate proportion of fixed and variable overheads
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line
Computer equipment
25% Straight line
County Gate Properties Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
2,928
8,009
10,937
At 30 April 2024
2,928
8,009
10,937
At 1 May 2023
2,928
8,009
10,937
At 30 April 2024
2,928
8,009
10,937
5
Investments
Subsidiary undertakings
Valuation at 30 April 2024
1
Shares in group undertakings cost £12,501 (diminution in value £12,500) net book value £1.
Subsidiary undertakings:
The following are subsidiary undertakings of the group:
County Gate Properties (Handcross) Limited - Holding 100% ordinary shares £2(current year loss £224)
Bevingdean Limited - Holding 100% ordinary shares £1 (current year profit £4)
Amounts falling due within one year
Amounts due from group undertakings etc.
97,656
33,533
Other debtors
64,660
64,572
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Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
266,931
210,336
Taxes and social security
-
6,658
County Gate Properties Limited
Notes to the Accounts
for the year ended 30 April 2024
8
Transactions with related parties
At the year end the company owed £266,931 (2023: £210,335) to County Gate Properties Holdings Limited, its ultimate parent company.
At the year end the company was owed £11,802 (2023: £11,802 by County Gate Properties (Handcross) Limited, its subsidiary company.
At year end the company was owed £36,614 (2023: £36,614 ) by County Gate Properties (Brighton) Limited, a company that is owned and controlled by A Deme, director of the company.
At year end, the company was owed £27,958 (2023: £27,958) by County Gate Properties (Tongdean Lane) Limited, a company that is owned and controlled by A Deme, director of the company.
At the year end the company was owed £85,854 (2023: £21,731) by County Gate Properties (Surrey) Limited, a fellow subsidiary company.
In the year a management charge of £62,584 was received by the company from County Gate Properties (Surrey) Limited. (2023: £85,163)
The company is a wholly owned subsidiary of County Gate Properties Holdings Limited which is the parent of both the smallest and largest groups of which the company is a member, registered office and principal place of business: 1st Formations Ltd, 71-75 Shelton Street, London,WC2H 9JQ
Consolidated accounts are not prepared.
A Vint is the ultimate controlling party of County Gate Properties Limited.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).