REGISTERED NUMBER: 07042539 (England and Wales)

Bridgwater Gateway Limited

Unaudited Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

E J Kaman

W M Knoest

J Van Der Valk

REGISTERED OFFICE:

Sedgemoor Auction Centre

Market Way

North Petherton

Bridgwater

Somerset

TA6 6DF

REGISTERED NUMBER:

07042539 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

National Westminster Bank plc

PO Box 2BA

69 Baker Street

London

W1U 6AT

FIXED ASSETS

Tangible assets

5

1,623

589

Investment property

6

4,536,962

3,007,911

4,538,585

3,008,500

CURRENT ASSETS

Stocks

3,907,336

4,385,666

Debtors

7

13,687,454

13,312,764

Cash at bank

3,019,615

2,722,489

20,614,405

20,420,919

CREDITORS

Amounts falling due within one year

323,217

100,531

NET CURRENT ASSETS

20,291,188

20,320,388

TOTAL ASSETS LESS CURRENT LIABILITIES

24,829,773

23,328,888

CREDITORS

Amounts falling due after more than one year

(894,066

)

(871,577

)

ACCRUALS AND DEFERRED INCOME

9

-

(25,873

)

NET ASSETS

23,935,707

22,431,438

CAPITAL AND RESERVES

Called up share capital

116

116

Share premium

24,999,885

24,999,885

Investment property revaluation reserve

451,332

349,264

Retained earnings

(1,515,626

)

(2,917,827

)

SHAREHOLDERS' FUNDS

23,935,707

22,431,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 May 2026 and were signed on its behalf by:

E J Kaman - Director

1.	STATUTORY INFORMATION

Bridgwater Gateway 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.

As at 31 December 2025, the company had net assets of £23,935,707 including a cash balance of £3,019,615.

The directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

In addition, Gateway 24 BV, as ultimate owner of Bridgwater Gateway Limited, has confirmed that it will continue to provide adequate financial support to ensure that the company will continue as a going concern. for the next 12 months from the date of approval of the financial statements.

Turnover

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

Investment property

Investment property comprises the first phase of development and land held for future development which is initially measured at cost and subsequently remeasured at fair value. Cost represents the purchase price of the land, infrastructure and any expenditure which is directly attributable to the construction of property. Fair value represents completed and let value of the completed development and management's valuation of the remaining land held for future development.

Land held for resale

The company holds land held for resale which is stated at the lower of cost and net realisable value. Cost represents the purchase price of land plus an appropriate allocation of infrastructure 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Accounting estimates and judgements

The directors consider there to be no estimates or judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

8,322

Additions

1,344

At 31 December 2025

9,666

DEPRECIATION

At 1 January 2025

7,733

Charge for year

310

At 31 December 2025

8,043

NET BOOK VALUE

At 31 December 2025

1,623

At 31 December 2024

589

6.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2025

3,007,911

Additions

1,426,983

Revaluations

102,068

At 31 December 2025

4,536,962

NET BOOK VALUE

At 31 December 2025

4,536,962

At 31 December 2024

3,007,911

Investment property comprises the first phase of development and land held for future development.

The first phase of development was valued at £1,050,000 on a completed and let value basis on 30 October 2020 by Cushman & Wakefield, commercial real estate specialists.

The second phase of development was valued at £1,950,000 on 31 December 2025 by management based on stage of completion.

Land held for future development has been reviewed by management as at 31 December 2025 and there were no changes in value from the previous year.

Cost or valuation at 31 December 2025 is represented by:

£

Valuation in 2020

240,036

Valuation in 2023

109,228

Valuation in 2025

102,068

Cost

4,085,630

4,536,962

7.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

13,070,743

12,394,081

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

500,984

522,752

The current bank loans comprise two loans of 60 months. One loan is repayable by monthly instalments. The other loan amounting to £473,550 is repayable by a single instalment at the end of the term on 18/02/27. The interest rate on both loans was 6.7% at the balance sheet date (2024 7.7%) This is 2.95% per annum over base rate.

The bank loans are secured by a legal charge over property at plot 1100 and a debenture over all assets of the company.

In addition, Bridgwater Gateway Industrial Limited has granted a guarantee for £577,500 to the company in respect of bank loans.

There is also a deed of subordination between the company and Bridgwater Gateway Industrial Limited in respect of monies owed to the company by Bridgwater Gateway Industrial Limited.

9.	ACCRUALS AND DEFERRED INCOME

31.12.25

31.12.24

£

£

Amounts owed to group undertakings

-

25,873

Interest on the intercompany loan is accrued and adopted to the loan at the start of each financial year.

10.	RELATED PARTY DISCLOSURES

Gateway 24 BV

Ultimate parent company

The intercompany loan and accrued interest held in euros realised a foreign exchange loss of £20,940 (2024: FX gain £17,295) on translation at the balance sheet date.

Interest on the loan is compounded at an annual rate of 7.0% EUR (2024: 7.0% EUR) and is adopted to the loan at the start of each financial year. Interest of £29,150 (2024: £25,873) has been accrued for the year ended 31 December 2025.

During the year, service fees amounting to £56,733 (2024: £42,661) were invoiced to the company.

31.12.25

31.12.24

£

£

Amount due to related party at the balance sheet date

445,578

438,149

Bridgwater Gateway Industrial Limited

Fellow group undertaking

Interest on the intercompany loan is compounded at an annual rate of 7.0% (2024: 7.0%) and is adopted to the loan at the start of each financial year. Interest of £601,243 (2024: £561,909) has been accrued for the year ended 31 December 2025.

During the year, service fees amounting to £79,619 (2024: £74,919) were invoiced by the company. The company also incurred recharged costs of £4,200.

31.12.25

31.12.24

£

£

Amount due from related party at the balance sheet date

13,070,743

12,394,081

11.	POST BALANCE SHEET EVENTS

Since the year end, phase 2 of the plot 1100 development has reached practical completion.

12.	ULTIMATE CONTROLLING PARTY

Gateway 24 BV (incorporated in the Netherlands) is regarded by the directors as being the company's ultimate parent company.

The controlling party are the shareholders in Gateway 24 BV.

The accounts of Gateway 24 BV can be obtained from the company's office at Nieuwe Plantage 58, 2611 XK Delft, The Netherlands.

13.	SHARE PREMIUM

Share premium represents the amount subscribed for share capital in excess of the nominal value.