REGISTERED NUMBER: 13714107 (England and Wales)

Unaudited financial statements for the year ended 31 December 2024

For

Gatenox Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Kuskowski

Mr W W Zatorski

REGISTERED OFFICE:

Level 30 The Leadenhall Building

122 Leadenhall Street

London

EC3V 4AB

REGISTERED NUMBER:

13714107 (England and Wales)

ACCOUNTANTS:

Parker Russell UK

Chartered Accountants

Level 30

The Leadenhall Building

122 Leadenhall Street

City of London

EC3V 4AB

SOLICITORS:

W Legal Limited

47 Red Lion Street

London

WC1R 4PF

Fixed assets

Intangible assets

4

44,900

45,132

Tangible assets

5

2,735

3,646

Investments

6

1,335

1,335

48,970

50,113

Current assets

Debtors

7

10,289

31,660

Cash at bank

-

197,305

10,289

228,965

Creditors

Amounts falling due within one year

8

73,979

89,793

Net current (liabilities)/assets

(63,690

)

139,172

Total assets less current liabilities

(14,720

)

189,285

Creditors

Amounts falling due after more than one year

9

274,894

66,737

Net (liabilities)/assets

(289,614

)

122,548

Capital and reserves

Called up share capital

10

12,236

12,236

Share premium

1,161,893

1,161,893

Retained earnings

(1,463,743

)

(1,051,581

)

Shareholders' funds

(289,614

)

122,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr W W Zatorski - Director

1.	STATUTORY INFORMATION

Gatenox 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.

TURNOVER

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

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.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Computer software is being amortised evenly over its estimated useful life of four years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life.

Computer equipment - 25% on reducing balance

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

TAXATION

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

RESEARCH AND DEVELOPMENT

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred.

Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.

The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

90,139

Additions

22,271

At 31 December 2024

112,410

AMORTISATION

At 1 January 2024

45,007

Charge for year

22,503

At 31 December 2024

67,510

NET BOOK VALUE

At 31 December 2024

44,900

At 31 December 2023

45,132

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

5,270

DEPRECIATION

At 1 January 2024

1,624

Charge for year

911

At 31 December 2024

2,535

NET BOOK VALUE

At 31 December 2024

2,735

At 31 December 2023

3,646

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,335

NET BOOK VALUE

At 31 December 2024

1,335

At 31 December 2023

1,335

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

2,723

2,891

Other debtors

7,566

28,769

10,289

31,660

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

72,898

87,822

Other creditors

1,081

1,971

73,979

89,793

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

274,894

66,737

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,000,000

Ordinary

£0.01

10,000

10,000

223,623

Preference

£0.01

2,236

2,236

12,236

12,236

11.	ULTIMATE CONTROLLING PARTY

The company was controlled by the founding directors by virtue of their share holding during the year under review.