REGISTERED NUMBER: 09691622 (England and Wales)

Gate07 Ltd

Abridged Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr E Kaya

REGISTERED OFFICE:

606 Cassia Point

2 Glasshouse Gardens

London

E20 1HU

REGISTERED NUMBER:

09691622 (England and Wales)

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

FIXED ASSETS

Investment property

4

4,217,969

3,573,604

CURRENT ASSETS

Debtors

5

108,985

219,133

Cash at bank

1,852

15,383

110,837

234,516

CREDITORS

Amounts falling due within one year

6

1,914,072

1,874,354

NET CURRENT LIABILITIES

(1,803,235

)

(1,639,838

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,414,734

1,933,766

CREDITORS

Amounts falling due after more than one year

7

2,169,393

1,967,786

NET ASSETS/(LIABILITIES)

245,341

(34,020

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

244,341

(35,020

)

SHAREHOLDERS' FUNDS

245,341

(34,020

)

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 Income and Retained Earnings for the year ended 31 March 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2026 and were signed by:

Mr E Kaya - Director

1.	STATUTORY INFORMATION

Gate07 Ltd 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.	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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Turnover is recognised when the rents are due and it is derived from the ordinary activities of the business.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,573,604

Additions

644,365

At 31 March 2025

4,217,969

NET BOOK VALUE

At 31 March 2025

4,217,969

At 31 March 2024

3,573,604

Fair value at 31 March 2025 is represented by:

£

Cost

4,217,969

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

3,573,604

3,573,604

The investment properties were valued on a fair value basis on 31 March 2025 by the director .

In the opinion of the director, the values of the properties have not changed from their cost.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

105,566

15,441

Other debtors

3,419

203,692

108,985

219,133

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

213,947

184,614

Trade creditors

40,938

58,009

Amounts owed to group undertakings

1,404,819

1,388,491

Other creditors

254,368

243,240

1,914,072

1,874,354

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,169,393

1,967,786

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

305,838

305,838

Repayable by instalments

Bank loans more 5 yr by instal

1,042,267

948,992

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 April 2024

(35,020

)

Profit for the year

279,361

At 31 March 2025

244,341

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr E Kaya

Balance outstanding at start of year

160,000

-

Amounts advanced

-

160,000

Amounts repaid

(160,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

160,000

This amount was repaid to the company on 10th May 2024.

12.	RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to Una Bella Vita Ltd at balance sheet date of £237,000 (2024: £237,000). No interest is charged on this balance and it is repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Romet Group Ltd.