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Company Registration No. 04312876 (England and Wales)
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Unaudited accounts for the year ended 31 December 2024
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Company Information for the year ended 31 December 2024
Directors
REV AKIN LAOSUN MR OLANIYI OLAOSEBIKAN MR AKINLOLU AKINSOLA MR KAYODE OLABISI
Company Number
04312876 (England and Wales)
Registered Office
THE CENTRE 79-83 LONDON ROAD GRAYS ESSEX RM17 5YF
Accountants
AA MATTHEW & CO NEWSPRING HOUSE 3 WORCESTER AVENUE OLD SWAN LIVERPOOL L13 9AZ
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GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
23,186 
21,089 
Current assets
Debtors
5
1,626 
1,626 
Investments
6
60,000 
- 
Cash at bank and in hand
27,952 
81,019 
89,578 
82,645 
Creditors: amounts falling due within one year
7
(18,039)
(20,082)
Net current assets
71,539 
62,563 
Total assets less current liabilities
94,725 
83,652 
Creditors: amounts falling due after more than one year
8
(10,800)
(10,800)
Net assets
83,925 
72,852 
Reserves
9
Profit and loss account
83,925 
72,852 
Members' funds
83,925 
72,852 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
REV AKIN LAOSUN Director Company Registration No. 04312876
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GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE is a private company, limited by guarantee, registered in England and Wales, registration number 04312876. The registered office is THE CENTRE 79-83, LONDON ROAD, GRAYS, ESSEX, RM17 5YF.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% REDUCING BALANCE
Motor vehicles
25% REDUCING BALANCE
Fixtures & fittings
25% REDUCING BALANCE
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
86,656 
10,412 
30,723 
127,791 
Additions
9,826 
- 
- 
9,826 
At 31 December 2024
96,482 
10,412 
30,723 
137,617 
Depreciation
At 1 January 2024
68,044 
10,043 
28,615 
106,702 
Charge for the year
7,109 
93 
527 
7,729 
At 31 December 2024
75,153 
10,136 
29,142 
114,431 
Net book value
At 31 December 2024
21,329 
276 
1,581 
23,186 
At 31 December 2023
18,612 
369 
2,108 
21,089 
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GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,126 
1,126 
Other debtors
500 
500 
1,626 
1,626 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
60,000 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,863 
10,279 
Other creditors
10,501 
8,328 
Accruals
1,675 
1,475 
18,039 
20,082 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
10,800 
10,800 
9
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.
10
Capital commitments
2024 
2023 
£ 
£ 
There were no capital commitments at the end of the period.
11
Contingent liabilities
At the date of the balance sheet there were no contingent liabilities.
12
Loans to directors
There were no Directors Advances and credits therefore terms of credit and interest rates did not arise in the period.
13
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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