Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312truefalse2022-02-01No description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04594390 2022-02-01 2023-01-31 04594390 2021-02-01 2022-01-31 04594390 2023-01-31 04594390 2022-01-31 04594390 c:CompanySecretary1 2022-02-01 2023-01-31 04594390 c:Director1 2022-02-01 2023-01-31 04594390 c:Director2 2022-02-01 2023-01-31 04594390 c:RegisteredOffice 2022-02-01 2023-01-31 04594390 d:Buildings 2022-02-01 2023-01-31 04594390 d:Buildings 2023-01-31 04594390 d:Buildings 2022-01-31 04594390 d:Buildings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04594390 d:PlantMachinery 2022-02-01 2023-01-31 04594390 d:PlantMachinery 2023-01-31 04594390 d:PlantMachinery 2022-01-31 04594390 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04594390 d:FurnitureFittings 2022-02-01 2023-01-31 04594390 d:FurnitureFittings 2023-01-31 04594390 d:FurnitureFittings 2022-01-31 04594390 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04594390 d:OfficeEquipment 2022-02-01 2023-01-31 04594390 d:OfficeEquipment 2023-01-31 04594390 d:OfficeEquipment 2022-01-31 04594390 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04594390 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04594390 d:CurrentFinancialInstruments 2023-01-31 04594390 d:CurrentFinancialInstruments 2022-01-31 04594390 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04594390 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 04594390 d:ShareCapital 2023-01-31 04594390 d:ShareCapital 2022-01-31 04594390 d:RetainedEarningsAccumulatedLosses 2023-01-31 04594390 d:RetainedEarningsAccumulatedLosses 2022-01-31 04594390 c:OrdinaryShareClass1 2022-02-01 2023-01-31 04594390 c:OrdinaryShareClass1 2023-01-31 04594390 c:OrdinaryShareClass1 2022-01-31 04594390 c:OrdinaryShareClass2 2022-02-01 2023-01-31 04594390 c:OrdinaryShareClass2 2023-01-31 04594390 c:OrdinaryShareClass2 2022-01-31 04594390 c:OrdinaryShareClass3 2022-02-01 2023-01-31 04594390 c:OrdinaryShareClass3 2023-01-31 04594390 c:OrdinaryShareClass3 2022-01-31 04594390 c:OrdinaryShareClass4 2022-02-01 2023-01-31 04594390 c:OrdinaryShareClass4 2023-01-31 04594390 c:OrdinaryShareClass4 2022-01-31 04594390 c:OrdinaryShareClass5 2022-02-01 2023-01-31 04594390 c:OrdinaryShareClass5 2023-01-31 04594390 c:OrdinaryShareClass5 2022-01-31 04594390 c:FRS102 2022-02-01 2023-01-31 04594390 c:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 04594390 c:FullAccounts 2022-02-01 2023-01-31 04594390 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 04594390 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-02-01 2023-01-31 04594390 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-31 04594390 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-01-31 04594390 2 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04594390









GULLIVER LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
GULLIVER LIMITED
 
 
COMPANY INFORMATION


Directors
M C H Gulliver 
Mrs J M Gulliver 




Company secretary
Mrs J M Gulliver



Registered number
04594390



Registered office
Church Farm
Stow Bedon

Attleborough

Norfolk

NR17 1BX




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
GULLIVER LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 7


 
GULLIVER LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GULLIVER LIMITED
FOR THE YEAR ENDED 31 JANUARY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gulliver Limited for the year ended 31 January 2023 which comprise  the Balance Sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Gulliver Limited, as a body, in accordance with the terms of our engagement letter dated 4 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of Gulliver Limited  and state those matters that we have agreed to state to the Board of Directors of Gulliver Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gulliver Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Gulliver 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 loss of Gulliver Limited. You consider that Gulliver Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Gulliver 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.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

21 July 2023
Page 1

 
GULLIVER LIMITED
REGISTERED NUMBER: 04594390

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
181,289
198,139

  
181,289
198,139

Current assets
  

Debtors: amounts falling due within one year
 5 
6,453
89,726

Cash at bank and in hand
  
120,683
84,888

  
127,136
174,614

Creditors: amounts falling due within one year
 6 
(10,630)
(2,400)

Net current assets
  
 
 
116,506
 
 
172,214

Total assets less current liabilities
  
297,795
370,353

  

Net assets
  
297,795
370,353


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
297,695
370,253

  
297,795
370,353


Page 2

 
GULLIVER LIMITED
REGISTERED NUMBER: 04594390
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 21 July 2023.






M C H Gulliver
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
GULLIVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

The Company is a United Kingdom company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office and trading address is Church Farm, Stow Bedon, Attleborough, Norfolk, NR17 1BX. 
Income is now solely from property rental and solar panel income.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of property rents receivable and solar panel income during the year.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
GULLIVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis or straight line basis.

Depreciation is provided on the following basis:

Freehold property
-
5% straight line & 10% reducing balance
Plant & machinery
-
15% reducing balance
Fixtures & fittings
-
15% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Page 5

 
GULLIVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Freehold property
Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2022
282,210
166,676
585
2,277
451,748


Additions
299
-
-
-
299


Disposals
-
(18,137)
(585)
(582)
(19,304)



At 31 January 2023

282,509
148,539
-
1,695
432,743



Depreciation


At 1 February 2022
138,718
112,332
557
2,003
253,610


Charge for the year on owned assets
7,504
7,913
-
54
15,471


Disposals
-
(16,546)
(557)
(524)
(17,627)



At 31 January 2023

146,222
103,699
-
1,533
251,454



Net book value



At 31 January 2023
136,287
44,840
-
162
181,289



At 31 January 2022
143,491
54,344
28
274
198,137

Page 6

 
GULLIVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
4,100
3,750

Other Debtors
-
83,673

Prepayments and accrued income
2,353
2,303

6,453
89,726



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,191
-

Other Creditors
3,199
-

Accruals
4,240
2,400

10,630
2,400



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



26 (2022 - 26) "A" Ordinary shares of £1.00 each
26
26
26 (2022 - 26) "B" Ordinary shares of £1.00 each
26
26
12 (2022 - 12) "C" Ordinary shares of £1.00 each
12
12
12 (2022 - 12) "D" Ordinary shares of £1.00 each
12
12
12 (2022 - 12) "E" Ordinary shares of £1.00 each
12
12
12 (2022 - 12) "F" Ordinary shares of £1.00 each
12
12

100

100



8.


Transactions with directors

As at 1 February 2022 the directors owed the company £ 83,673.  During the year the directors made net advances of £ 86,872 to the company.  As at 31 January 2023, the company owed the directors £ 3,199.
The loan is repayable on demand, with interest charged on the overdrawn balance at a rate of 2%.  Interest of £224 has been charged (2022: £487).  The loan is included in creditors due within one year in note 6 of the financial statements.

Page 7

 
GULLIVER LIMITED
 
 
 Page 8