ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

GATE ACRE INVESTMENTS LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2021-09-302021-09-302true2020-10-01No description of principal activity2truetrue 09780647 2020-10-01 2021-09-30 09780647 2019-10-01 2020-09-30 09780647 2021-09-30 09780647 2020-09-30 09780647 c:Director1 2020-10-01 2021-09-30 09780647 d:CurrentFinancialInstruments 2021-09-30 09780647 d:CurrentFinancialInstruments 2020-09-30 09780647 d:Non-currentFinancialInstruments 2021-09-30 09780647 d:Non-currentFinancialInstruments 2020-09-30 09780647 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 09780647 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 09780647 d:ShareCapital 2021-09-30 09780647 d:ShareCapital 2020-09-30 09780647 c:EntityHasNeverTraded 2020-10-01 2021-09-30 09780647 c:FRS102 2020-10-01 2021-09-30 09780647 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 09780647 c:FullAccounts 2020-10-01 2021-09-30 09780647 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 09780647 6 2020-10-01 2021-09-30 iso4217:GBP xbrli:pure

Registered number:  09780647














GATE ACRE INVESTMENTS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2021

 
GATE ACRE INVESTMENTS LIMITED
REGISTERED NUMBER: 09780647

BALANCE SHEET
AS AT 30 SEPTEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 3 
3,666,932
3,666,932

  
3,666,932
3,666,932

Current assets
  

Debtors: amounts falling due after more than one year
 4 
59,998
59,998

  
59,998
59,998

Creditors: amounts falling due within one year
 5 
(3,716,930)
(3,716,930)

Net current liabilities
  
 
 
(3,656,932)
 
 
(3,656,932)

Total assets less current liabilities
  
10,000
10,000

  

Net assets
  
10,000
10,000


Capital and reserves
  

Called up share capital 
  
10,000
10,000

  
10,000
10,000


Page 1
 
GATE ACRE INVESTMENTS LIMITED
REGISTERED NUMBER: 09780647
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2021

For the period ended 30 September 2021 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2021.




W C Currie
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2
 
GATE ACRE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2021

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no.09780647). The address of the registered office is 3rd Floor, Castle Chambers, Castle Street, Liverpool, L2 9SH.
The company is the parent company of a small group, and is exempt from preparing group accounts. These financial statements present information about the company as an individual undertaking. The principal activity of the company is that of a group holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.



The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2020
3,666,932



At 30 September 2021
3,666,932




Page 3
 
GATE ACRE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2021

4.


Debtors


Due after more than one year

Amounts owed by group undertakings
59,998
59,998

59,998
59,998



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other creditors
3,716,930
3,716,930

3,716,930
3,716,930


Page 4