REGISTERED NUMBER: 00512816 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2024

for

Gladetree Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T W Sherwen

J C Sherwen

M A Sherwen

REGISTERED OFFICE:

Pinden

Mile End Green

Dartford

Kent

DA2 8EB

REGISTERED NUMBER:

00512816 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

London

United Kingdom

SE19 3RW

FIXED ASSETS

Tangible assets

4

415,871

417,878

Investments

5

8,900

8,900

Investment property

6

575,000

575,000

999,771

1,001,778

CURRENT ASSETS

Debtors

7

1,195,205

1,175,245

Cash at bank

1,438,821

1,404,842

2,634,026

2,580,087

CREDITORS

Amounts falling due within one year

8

(198,078

)

(189,506

)

NET CURRENT ASSETS

2,435,948

2,390,581

TOTAL ASSETS LESS CURRENT LIABILITIES

3,435,719

3,392,359

PROVISIONS FOR LIABILITIES

(11,222

)

(11,222

)

NET ASSETS

3,424,497

3,381,137

CAPITAL AND RESERVES

Called up share capital

11,004

11,004

Share premium

2,000

2,000

Fair value reserve

208,878

208,878

Retained earnings

3,202,615

3,159,255

SHAREHOLDERS' FUNDS

3,424,497

3,381,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:

J C Sherwen - Director

1.	STATUTORY INFORMATION

Gladetree 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.	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.

Preparation of consolidated financial statements

The financial statements contain information about Gladetree Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost or valuation

Plant and machinery etc

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2023

and 31 July 2024

479,841

10,586

490,427

DEPRECIATION

At 1 August 2023

62,000

10,549

72,549

Charge for year

2,000

7

2,007

At 31 July 2024

64,000

10,556

74,556

NET BOOK VALUE

At 31 July 2024

415,841

30

415,871

At 31 July 2023

417,841

37

417,878

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2023

and 31 July 2024

8,900

NET BOOK VALUE

At 31 July 2024

8,900

At 31 July 2023

8,900

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2023

and 31 July 2024

575,000

NET BOOK VALUE

At 31 July 2024

575,000

At 31 July 2023

575,000

The investment properties are valued annually by the directors on an open market existing use basis.

The historical cost of the investment properties amounted to £477,851 (2023 - £477,851).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Other debtors

1,195,205

1,175,245

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Amounts owed to group undertakings

87,404

91,644

Taxation and social security

15,073

2,103

Other creditors

95,601

95,759

198,078

189,506