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REGISTERED NUMBER: 03326112 (England and Wales)



















GULLIVERS LAND LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






GULLIVERS LAND LIMITED (REGISTERED NUMBER: 03326112)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


GULLIVERS LAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr R C Phillips
Mrs J H Dalton
Mr N G Phillips





SECRETARY: Mrs J H Dalton





REGISTERED OFFICE: Gullivers Kingdom
Temple Walk
Matlock Bath
Matlock
Derbyshire
DE4 3PG





REGISTERED NUMBER: 03326112 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

GULLIVERS LAND LIMITED (REGISTERED NUMBER: 03326112)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 953,140 807,885
Investments 5 1 1
953,141 807,886

CURRENT ASSETS
Stocks 6 119,086 110,352
Debtors 7 4,512,377 3,914,089
Cash in hand 27,876 28,461
4,659,339 4,052,902
CREDITORS
Amounts falling due within one year 8 857,459 834,511
NET CURRENT ASSETS 3,801,880 3,218,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,755,021

4,026,277

PROVISIONS FOR LIABILITIES 238,285 201,971
NET ASSETS 4,516,736 3,824,306

CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Capital redemption reserve 1,000 1,000
Retained earnings 4,513,736 3,821,306
SHAREHOLDERS' FUNDS 4,516,736 3,824,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

GULLIVERS LAND LIMITED (REGISTERED NUMBER: 03326112)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mrs J H Dalton - Director


GULLIVERS LAND LIMITED (REGISTERED NUMBER: 03326112)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Gullivers Land 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.

Turnover
Turnover represents the attendance of customers at our various theme parks and attractions and is recognised on the date in which the customer attends the attraction. Turnover is reliably measured by reference to daily takings schedules at each of our individual sites. It is shown in the profit and loss account, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Rides and attractions - 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

GULLIVERS LAND LIMITED (REGISTERED NUMBER: 03326112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 100 (2022 - 96 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Rides and
machinery vehicles attractions Totals
£    £    £    £   
COST
At 1 January 2023 399,537 26,400 4,482,641 4,908,578
Additions 46,135 - 233,628 279,763
Disposals - - (89,132 ) (89,132 )
At 31 December 2023 445,672 26,400 4,627,137 5,099,209
DEPRECIATION
At 1 January 2023 352,587 21,816 3,726,290 4,100,693
Charge for year 16,222 1,147 117,139 134,508
Eliminated on disposal - - (89,132 ) (89,132 )
At 31 December 2023 368,809 22,963 3,754,297 4,146,069
NET BOOK VALUE
At 31 December 2023 76,863 3,437 872,840 953,140
At 31 December 2022 46,950 4,584 756,351 807,885

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

GULLIVERS LAND LIMITED (REGISTERED NUMBER: 03326112)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. STOCKS
2023 2022
£    £   
Stocks 119,086 110,352

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,257 20,638
Amount owed by related parties 4,422,089 3,815,019
Prepayments and accrued income 75,031 78,432
4,512,377 3,914,089

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 127,214 101,321
Trade creditors 347,463 487,516
Amounts owed to group undertakings 1 1
Corporation tax 223,298 138,888
Social security and other taxes 14,004 11,758
Other creditors 74,511 55,422
Accruals and deferred income 70,968 39,605
857,459 834,511

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,000 Ordinary £1 2,000 2,000

10. RELATED PARTY DISCLOSURES

Gulllivers Land Limited are owed £4,422,089 (2022: £3,815,019) by related parties. The amount has no fixed repayment terms and is interest-free.

During the year Gullivers Land Limited incurred a management charge, at market rate of £877,263 (2022: £718,939) from a related party.