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Company Registration No. 09786247 (England and Wales)
58/14 Limited Unaudited accounts for the year ended 30 September 2024
58/14 Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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58/14 Limited Company Information for the year ended 30 September 2024
Director
Tomos Ashfield
Company Number
09786247 (England and Wales)
Registered Office
4 WESTFIELD ROAD NEWPORT NP20 4ND UNITED KINGDOM
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of 58/14 Limited for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 58/14 Limited for the year ended 30 September 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 16 June 2025
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58/14 Limited Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
5
438,453
438,453
Current assets
Cash at bank and in hand
1,128
10
Creditors: amounts falling due within one year
6
(1,182)
(1,170)
Net current liabilities
(54)
(1,160)
Total assets less current liabilities
438,399
437,293
Creditors: amounts falling due after more than one year
7
(332,802)
(329,142)
Net assets
105,597
108,151
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
105,596
108,150
Shareholders' funds
105,597
108,151
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 May 2025 and were signed on its behalf by
Tomos Ashfield Director Company Registration No. 09786247
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58/14 Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
58/14 Limited is a private company, limited by shares, registered in England and Wales, registration number 09786247. The registered office is 4 WESTFIELD ROAD, NEWPORT, NP20 4ND, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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58/14 Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 October 2023
15,452
At 30 September 2024
15,452
Depreciation
At 1 October 2023
15,452
At 30 September 2024
15,452
Net book value
At 30 September 2024
-
5
Investment property
2024
£
Fair value at 1 October 2023
438,453
At 30 September 2024
438,453
6
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals
1,182
1,170
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Loans from directors
332,802
329,142
8
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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