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REGISTERED NUMBER: 07569742


Rustem Guardian Solicitors Limited

Abridged Unaudited Financial Statements

for the Year Ended 30 September 2024






Rustem Guardian Solicitors Limited (Registered number: 07569742)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Statement of Income and Retained Earnings 3

Statement of Financial Position 4

Notes to the Financial Statements 6


Rustem Guardian Solicitors Limited

Company Information
for the year ended 30 September 2024







DIRECTOR: Mr T D Rustem





REGISTERED OFFICE: 44 Southampton Buildings
Holborn
London
WC2A 1AP





REGISTERED NUMBER: 07569742





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Rustem Guardian Solicitors Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rustem Guardian Solicitors Limited for the year ended 30 September 2024 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Rustem Guardian Solicitors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rustem Guardian Solicitors Limited and state those matters that we have agreed to state to the director of Rustem Guardian Solicitors Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rustem Guardian Solicitors Limited and its director for our work or for this report.

It is your duty to ensure that Rustem Guardian Solicitors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rustem Guardian Solicitors Limited. You consider that Rustem Guardian Solicitors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rustem Guardian Solicitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


4 April 2025

Rustem Guardian Solicitors Limited (Registered number: 07569742)

Abridged Statement of Income and
Retained Earnings
for the year ended 30 September 2024

2024 2023
Notes £    £   

GROSS PROFIT 856,974 921,902

Administrative expenses 681,475 607,178
OPERATING PROFIT 4 175,499 314,724

Profit/loss on sale of tang fa 5 2,437 -
173,062 314,724

Interest receivable and similar income 5,886 886
PROFIT BEFORE TAXATION 178,948 315,610

Tax on profit 84,671 92,833
PROFIT FOR THE FINANCIAL YEAR 94,277 222,777

Retained earnings at beginning of year 941,803 759,026

Dividends 6 (58,000 ) (40,000 )

RETAINED EARNINGS AT END OF
YEAR

978,080

941,803

Rustem Guardian Solicitors Limited (Registered number: 07569742)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 370,398 423,312
Property, plant and equipment 8 63,781 35,166
Investments 9 - -
434,179 458,478

CURRENT ASSETS
Debtors 10 169,207 227,678
Cash at bank 947,282 773,243
1,116,489 1,000,921
CREDITORS
Amounts falling due within one year 11 556,642 517,595
NET CURRENT ASSETS 559,847 483,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

994,026

941,804

PROVISIONS FOR LIABILITIES 12 15,945 -
NET ASSETS 978,081 941,804

CAPITAL AND RESERVES
Called up share capital 13 1 1
Retained earnings 14 978,080 941,803
SHAREHOLDERS' FUNDS 978,081 941,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Rustem Guardian Solicitors Limited (Registered number: 07569742)

Statement of Financial Position - continued
30 September 2024


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 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:





Mr T D Rustem - Director


Rustem Guardian Solicitors Limited (Registered number: 07569742)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Rustem Guardian Solicitors Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 at the end of service provision when fee notes are raised to the client.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost

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.


Rustem Guardian Solicitors Limited (Registered number: 07569742)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 18,133 10,059
Goodwill amortisation 52,914 92,599

5. EXCEPTIONAL ITEMS
2024 2023
£    £   
Profit/loss on sale of tang fa (2,437 ) -

6. DIVIDENDS
2024 2023
£    £   
Ordinary share of £1
Interim 58,000 40,000

Rustem Guardian Solicitors Limited (Registered number: 07569742)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 529,140
AMORTISATION
At 1 October 2023 105,828
Charge for year 52,914
At 30 September 2024 158,742
NET BOOK VALUE
At 30 September 2024 370,398
At 30 September 2023 423,312

8. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 4,683 44,798 19,021 68,502
Additions - 65,500 4,185 69,685
Disposals - (44,798 ) - (44,798 )
At 30 September 2024 4,683 65,500 23,206 93,389
DEPRECIATION
At 1 October 2023 3,117 21,861 8,358 33,336
Charge for year 392 13,100 4,641 18,133
Eliminated on disposal - (21,861 ) - (21,861 )
At 30 September 2024 3,509 13,100 12,999 29,608
NET BOOK VALUE
At 30 September 2024 1,174 52,400 10,207 63,781
At 30 September 2023 1,566 22,937 10,663 35,166

Rustem Guardian Solicitors Limited (Registered number: 07569742)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

9. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 October 2023
and 30 September 2024 300,000
PROVISIONS
At 1 October 2023
and 30 September 2024 300,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 151,392 125,641
Other debtors 17,815 102,037
169,207 227,678

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 425,412 372,385
Taxation and social security 122,117 124,481
Other creditors 9,113 20,729
556,642 517,595

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 15,945 -

Rustem Guardian Solicitors Limited (Registered number: 07569742)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during year 15,945
Balance at 30 September 2024 15,945

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

14. RESERVES
Retained
earnings
£   

At 1 October 2023 941,803
Profit for the year 94,277
Dividends (58,000 )
At 30 September 2024 978,080

15. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr T D Rustem
Balance outstanding at start of year 81,737 30,037
Amounts advanced - 150,370
Amounts repaid (81,737 ) (98,670 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 81,737