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Registered number: 05913256
Gatecourt Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
More Group (Accounting) Limited
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mrs Nicola Savage Hutchens
Company Number 05913256
Registered Office 1 Giltspur Street
Farringdon
London
EC1A 9DD
Accountants More Group (Accounting) Limited
1 Giltspur Street
Farringdon
London
EC1A 9DD
Page 1
Page 2
Balance Sheet
Registered number: 05913256
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,198,262 2,198,262
Investments 5 3,520,927 3,520,927
5,719,189 5,719,189
CURRENT ASSETS
Debtors 668,882 667,254
Cash at bank and in hand 4,600 4,620
673,482 671,874
Creditors: Amounts Falling Due Within One Year 6 (49,449 ) (96,060 )
NET CURRENT ASSETS (LIABILITIES) 624,033 575,814
TOTAL ASSETS LESS CURRENT LIABILITIES 6,343,222 6,295,003
Creditors: Amounts Falling Due After More Than One Year 7 (5,380,587 ) (5,325,098 )
NET ASSETS 962,635 969,905
CAPITAL AND RESERVES
Called up share capital 8 250,000 250,000
Profit and Loss Account 712,635 719,905
SHAREHOLDERS' FUNDS 962,635 969,905
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Page 3
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 13 June 2025 and were signed on its behalf by:
Mrs Nicola Savage Hutchens
Director
13/06/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Gatecourt Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05913256 . The registered office is 1 Giltspur Street, Farringdon, London, EC1A 9DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
2.5. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 2,198,262
Page 4
Page 5
5. Investments
Other
£
Cost
As at 1 January 2024 3,520,927
As at 31 December 2024 3,520,927
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 3,520,927
As at 1 January 2024 3,520,927
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 3,703
Other creditors - 42,908
Director's loan account 49,449 49,449
49,449 96,060
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,537,695 1,537,714
Shareholder loan 2,052,589 140,227
Amounts owed to group undertakings 1,790,303 3,647,157
5,380,587 5,325,098
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
250,000 Ordinary Shares of £ 1.00 each 250,000 250,000
9. Related Party Transactions
Summary of transactions with other related parties
As at balance sheet date, Gatecourt Ltd owed £ 1,790,303 (2023: £1,777,195) to Crown Court Hotel Limited which is a company under common director control incorporated in United Kingdom towards interest free working capital loan.
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