REGISTERED NUMBER: 11732353 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

58 Gladstone Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Goldring

REGISTERED OFFICE:

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

REGISTERED NUMBER:

11732353 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Chartered Accountants

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

FIXED ASSETS

Investment property

4

359,608

334,843

CURRENT ASSETS

Debtors

5

34,114

34,501

Cash at bank

818

18,342

34,932

52,843

CREDITORS

Amounts falling due within one year

6

(41,550

)

(15,298

)

NET CURRENT (LIABILITIES)/ASSETS

(6,618

)

37,545

TOTAL ASSETS LESS CURRENT LIABILITIES

352,990

372,388

CREDITORS

Amounts falling due after more than one year

7

(220,007

)

(215,925

)

NET ASSETS

132,983

156,463

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

8

132,981

156,461

SHAREHOLDERS' FUNDS

132,983

156,463

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

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

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 director and authorised for issue on 29 September 2025 and were signed by:

J D Goldring - Director

1.	STATUTORY INFORMATION

58 Gladstone Ltd 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 (£).

The principal activity of the company in the year under review was that of Barristers at law.

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.

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.

DEFERRED TAX

Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

334,843

Additions

24,765

At 31 December 2024

359,608

NET BOOK VALUE

At 31 December 2024

359,608

At 31 December 2023

334,843

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

34,114

34,114

CT Refund

-

387

34,114

34,501

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Directors' current accounts

40,686

14,686

Accrued expenses

864

612

41,550

15,298

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Mortgage loan

220,007

215,925

8.

RESERVES

Retained

earnings

£

At 1 January 2024

156,461

Deficit for the year

(21,480

)

Dividends

(2,000

)

At 31 December 2024

132,981

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J D Goldring

Balance outstanding at start of year

(14,686

)

99,514

Amounts advanced

1,116

-

Amounts repaid

(27,116

)

(114,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(40,686

)

(14,686

)