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REGISTERED NUMBER: 01335968 (England and Wales)













GATEGLOW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026





Carston ETL
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT








GATEGLOW LIMITED (REGISTERED NUMBER: 01335968)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GATEGLOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2026







DIRECTORS: Mr W G R Nelhams
Mrs B Nelhams





SECRETARY: Mrs B Nelhams





REGISTERED OFFICE: 707a Finchley Road
London
NW2 2JN





REGISTERED NUMBER: 01335968 (England and Wales)





ACCOUNTANTS: Carston ETL
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT
Page 1
GATEGLOW LIMITED (REGISTERED NUMBER: 01335968)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2026

2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 86 101
Investments 5 15,100 15,100
Investment properties 6 5,416,805 6,018,667
5,431,991 6,033,868

CURRENT ASSETS
Debtors 7 204,267 215,788
Cash at bank and in hand 994,573 926,895
1,198,840 1,142,683
CREDITORS
Amounts falling due within one year 8 138,166 138,659
NET CURRENT ASSETS 1,060,674 1,004,024
TOTAL ASSETS LESS CURRENT LIABILITIES 6,492,665 7,037,892

PROVISIONS FOR LIABILITIES 623,648 750,783
NET ASSETS 5,869,017 6,287,109

CAPITAL AND RESERVES
Called up share capital 200 200
Other reserves 2,417,250 2,892,036
Retained earnings 3,451,567 3,394,873
SHAREHOLDERS' FUNDS 5,869,017 6,287,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 notes form part of these financial statements

Page 2
GATEGLOW LIMITED (REGISTERED NUMBER: 01335968)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2026


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:





Mr W G R Nelhams - Director


The notes form part of these financial statements

Page 3
GATEGLOW LIMITED (REGISTERED NUMBER: 01335968)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


1. STATUTORY INFORMATION

Gateglow Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number, registered office address and place of business can be found on the Company Information page.

The financial statements are presented in pound sterling, which is the functional currency of the company and rounded to the nearest pound.

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.

The significant accounting policies applied in the preparation of the financial statements are set out below and have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents rents and service charges received and net sale proceeds from the sale of trading properties and lease extensions. These are recongised when received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Furniture and Equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment properties
Investment properties are shown at their fair value. Any adjustment to the fair value of the investment properties is recognised in the Income Statement for the year. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

In accordance with the FRS 102 Section 1a no depreciation is provided in respect of freehold and leasehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

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.


Page 4
GATEGLOW LIMITED (REGISTERED NUMBER: 01335968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2026


2. ACCOUNTING POLICIES - continued
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.

Investment in subsidiary
Investment held in subsidiary is stated at cost.

Basic financial instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs.
Subsequent to initial recognition, they are measured at transaction price less any impairment losses.
Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and deposits.

Other reserves
Other reserve is a non-distributable reserve and represents the net balance between the adjustment to the fair value of tangible assets and its related deferred tax provision.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
Furniture
and
Equipment
£
COST
At 1 April 2025
and 31 March 2026 3,305
DEPRECIATION
At 1 April 2025 3,204
Charge for year 15
At 31 March 2026 3,219
NET BOOK VALUE
At 31 March 2026 86
At 31 March 2025 101


Page 5
GATEGLOW LIMITED (REGISTERED NUMBER: 01335968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2026


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£ £ £
COST OR VALUATION
At 1 April 2025
and 31 March 2026 100 15,000 15,100
NET BOOK VALUE
At 31 March 2026 100 15,000 15,100
At 31 March 2025 100 15,000 15,100

Cost or valuation at 31 March 2026 is represented by:

Shares in
group Other
undertakings investments Totals
£ £ £
Valuation in 2016 - 500 500
Cost 100 14,500 14,600
100 15,000 15,100

6. INVESTMENT PROPERTIES
Total
£
FAIR VALUE
At 1 April 2025 6,018,667
Revaluations (601,862 )
At 31 March 2026 5,416,805
NET BOOK VALUE
At 31 March 2026 5,416,805
At 31 March 2025 6,018,667

The investment properties are carried at fair value. The aggregate historical cost of the investment properties is £2,366,279

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£ £
Amounts owed by group undertakings 161,685 165,685
Other debtors 42,582 50,103
204,267 215,788

Page 6
GATEGLOW LIMITED (REGISTERED NUMBER: 01335968)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2026


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£ £
Taxation and social security 69,213 70,311
Other creditors 68,953 68,348
138,166 138,659

Page 7