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REGISTERED NUMBER: 05134331 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

GATEDOW LIMITED

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GATEDOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr O Kehoe
Mrs M Kehoe





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 05134331 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,500,000 1,500,000
1,500,000 1,500,000

CURRENT ASSETS
Debtors 6 80,000 80,000
Cash at bank 170,330 86,968
250,330 166,968
CREDITORS
Amounts falling due within one year 7 85,351 87,699
NET CURRENT ASSETS 164,979 79,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,664,979

1,579,269

PROVISIONS FOR LIABILITIES 8 12,327 12,327
NET ASSETS 1,652,652 1,566,942

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 497,155 497,155
Retained earnings 1,154,497 1,068,787
SHAREHOLDERS' FUNDS 1,652,652 1,566,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

BALANCE SHEET - continued
31 OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





Mr O Kehoe - Director


GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Gatedow 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.

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.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts 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 - 10% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023
and 31 October 2024 126,383
DEPRECIATION
At 1 November 2023
and 31 October 2024 126,383
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,500,000
NET BOOK VALUE
At 31 October 2024 1,500,000
At 31 October 2023 1,500,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2017 513,231
Cost 986,769
1,500,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Amount due from related
company 80,000 80,000
80,000 80,000

GATEDOW LIMITED (REGISTERED NUMBER: 05134331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tenants deposits 15,583 15,583
Tax 28,570 22,918
Tenants payments in advance
and service chargers 10,590 10,590
Directors' current accounts 27,608 35,608
Accrued expenses 3,000 3,000
85,351 87,699

8. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 12,327 12,327

Deferred
tax
£   
Balance at 1 November 2023 12,327
Balance at 31 October 2024 12,327

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

10. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 497,155