Company Registration No. 13404154 (England and Wales)
FIRSTGATE DEVELOPMENTS LTD
Unaudited accounts
for the year ended 31 May 2024
FIRSTGATE DEVELOPMENTS LTD
Unaudited accounts
Contents
FIRSTGATE DEVELOPMENTS LTD
Company Information
for the year ended 31 May 2024
Company Number
13404154 (England and Wales)
Registered Office
23 CHELWOOD DRIVE
LEEDS
WEST YORKSHIRE
LS8 2AT
UNITED KINGDOM
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
FIRSTGATE DEVELOPMENTS LTD
Statement of financial position
as at 31 May 2024
Tangible assets
201,279
149,800
Cash at bank and in hand
39,677
3,620
Creditors: amounts falling due within one year
135,907
(7,486)
Net current assets/(liabilities)
175,584
(3,866)
Total assets less current liabilities
376,863
145,934
Creditors: amounts falling due after more than one year
(387,912)
(170,015)
Net liabilities
(11,049)
(24,081)
Called up share capital
1
1
Profit and loss account
(11,050)
(24,082)
Shareholders' funds
(11,049)
(24,081)
For the year ending 31 May 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 his 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 25 May 2025 and were signed on its behalf by
Jaan YAQUB
Director
Company Registration No. 13404154
FIRSTGATE DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 May 2024
FIRSTGATE DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13404154. The registered office is 23 CHELWOOD DRIVE, LEEDS, WEST YORKSHIRE, LS8 2AT, UNITED KINGDOM.
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.
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
145,000
6,000
151,000
At 31 May 2024
197,439
6,000
203,439
At 1 June 2023
-
1,200
1,200
Charge for the year
-
960
960
At 31 May 2024
-
2,160
2,160
At 31 May 2024
197,439
3,840
201,279
At 31 May 2023
145,000
4,800
149,800
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
(136,236)
6,968
FIRSTGATE DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
387,912
170,015
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).