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REGISTERED NUMBER: SC792363 (Scotland)











Unaudited Financial Statements

for the Period 13th December 2023 to 31st December 2024

for

Gatehouse Healthcare Limited

Gatehouse Healthcare Limited (Registered number: SC792363)






Contents of the Financial Statements
for the Period 13th December 2023 to 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Report of the Accountants 6

Gatehouse Healthcare Limited

Company Information
for the Period 13th December 2023 to 31st December 2024







DIRECTOR: Mrs S Anderson





REGISTERED OFFICE: Farries, Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DG1 3SJ





REGISTERED NUMBER: SC792363 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Gatehouse Healthcare Limited (Registered number: SC792363)

Balance Sheet
31st December 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 243,000
Tangible assets 5 61,300
304,300

CURRENT ASSETS
Stocks 11,712
Debtors 6 87,755
Cash at bank and in hand 77,650
177,117
CREDITORS
Amounts falling due within one year 7 200,991
NET CURRENT LIABILITIES (23,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,426

CREDITORS
Amounts falling due after more than one year 8 (257,261 )

PROVISIONS FOR LIABILITIES (2,147 )
NET ASSETS 21,018

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 20,918
21,018

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

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

The director acknowledges her 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.

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 director and authorised for issue on 24th June 2025 and were signed by:





Mrs S Anderson - Director


Gatehouse Healthcare Limited (Registered number: SC792363)

Notes to the Financial Statements
for the Period 13th December 2023 to 31st December 2024

1. STATUTORY INFORMATION

Gatehouse Healthcare Limited is a private company, limited by shares , registered in Scotland. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery - 15% reducing balance
Computer equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Gatehouse Healthcare Limited (Registered number: SC792363)

Notes to the Financial Statements - continued
for the Period 13th December 2023 to 31st December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

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 transactions 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.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 270,000
At 31st December 2024 270,000
AMORTISATION
Charge for period 27,000
At 31st December 2024 27,000
NET BOOK VALUE
At 31st December 2024 243,000

Gatehouse Healthcare Limited (Registered number: SC792363)

Notes to the Financial Statements - continued
for the Period 13th December 2023 to 31st December 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 50,000 13,308 63,308
At 31st December 2024 50,000 13,308 63,308
DEPRECIATION
Charge for period - 2,008 2,008
At 31st December 2024 - 2,008 2,008
NET BOOK VALUE
At 31st December 2024 50,000 11,300 61,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 87,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 11,265
Trade creditors 51,387
Taxation and social security 9,336
Other creditors 129,003
200,991

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 257,261

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 203,260

9. SECURED DEBTS

TSB Bank Plc holds a charge over all the property and undertaking of the company.

10. RELATED PARTY DISCLOSURES

At 31st December 2024 the company owed the sum of £70,788 to Mrs S Anderson by way of a director's loan account. This sum is repayable on demand and no interest is charged on the sum advanced.

Gatehouse Healthcare Limited

Report of the Accountants to the Director of
Gatehouse Healthcare Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31st December 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ


24th June 2025