Company registration number 02754644 (England and Wales)
ARRAN GATE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ARRAN GATE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ARRAN GATE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
42,718
42,718
Current assets
Debtors
4
24
24
Net current assets
24
24
Net assets
42,742
42,742
Capital and reserves
Called up share capital
24
24
Other reserves
42,718
42,718
Total equity
42,742
42,742
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 April 2025 and are signed on its behalf by:
Jean Upfield
Director
Company registration number 02754644 (England and Wales)
ARRAN GATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Arran Gate Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stride & Son Limited, Southdown House, St John's Street, West Sussex, Chichester, PO19 1XQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements All transactions in the year relate to the maintenance of blocks of apartments and common areas in accordance with the lease. Income and expenditure arising from these transactions are shown in separate service charge accounts for the properties, that do not form part of the annual accounts of the company and are not filed at Companies House.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
The freehold interest in the property is stated at cost. The directors assess annually the need to provide for any impairment in recoverable amount below cost.
Freehold land is not depreciated.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 0 (2023 - 0).
ARRAN GATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 and 31 December 2024
42,718
Depreciation and impairment
At 1 January 2024 and 31 December 2024
Carrying amount
At 31 December 2024
42,718
At 31 December 2023
42,718
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Unpaid share capital
24
24
5
Related party transactions
Service charge accounts:
Service charge contributions for the year ended 31 December 2023 include amounts receivable from the Directors of the company during the year.