IRIS Accounts Production v24.2.0.383 09753831 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097538312022-12-31097538312023-12-31097538312023-01-012023-12-31097538312021-12-31097538312022-01-012022-12-31097538312022-12-3109753831ns15:EnglandWales2023-01-012023-12-3109753831ns14:PoundSterling2023-01-012023-12-3109753831ns10:Director12023-01-012023-12-3109753831ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109753831ns10:SmallEntities2023-01-012023-12-3109753831ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109753831ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109753831ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109753831ns10:FullAccounts2023-01-012023-12-3109753831ns10:OrdinaryShareClass12023-01-012023-12-3109753831ns10:Director22023-01-012023-12-3109753831ns10:Director32023-01-012023-12-3109753831ns10:RegisteredOffice2023-01-012023-12-3109753831ns5:CurrentFinancialInstruments2023-12-3109753831ns5:CurrentFinancialInstruments2022-12-3109753831ns5:ShareCapital2023-12-3109753831ns5:ShareCapital2022-12-3109753831ns5:RetainedEarningsAccumulatedLosses2023-12-3109753831ns5:RetainedEarningsAccumulatedLosses2022-12-3109753831ns5:PlantMachinery2023-01-012023-12-3109753831ns5:FurnitureFittings2023-01-012023-12-3109753831ns5:ComputerEquipment2023-01-012023-12-3109753831ns5:LandBuildings2022-12-3109753831ns5:PlantMachinery2022-12-3109753831ns5:FurnitureFittings2022-12-3109753831ns5:LandBuildings2023-01-012023-12-3109753831ns5:LandBuildings2023-12-3109753831ns5:PlantMachinery2023-12-3109753831ns5:FurnitureFittings2023-12-3109753831ns5:LandBuildings2022-12-3109753831ns5:PlantMachinery2022-12-3109753831ns5:FurnitureFittings2022-12-3109753831ns5:MotorVehicles2022-12-3109753831ns5:ComputerEquipment2022-12-3109753831ns5:MotorVehicles2023-01-012023-12-3109753831ns5:MotorVehicles2023-12-3109753831ns5:ComputerEquipment2023-12-3109753831ns5:MotorVehicles2022-12-3109753831ns5:ComputerEquipment2022-12-3109753831ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109753831ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109753831ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 09753831 (England and Wales)



















GULLIVERS VALLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






GULLIVERS VALLEY LIMITED (REGISTERED NUMBER: 09753831)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


GULLIVERS VALLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







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





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





REGISTERED NUMBER: 09753831 (England and Wales)





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

GULLIVERS VALLEY LIMITED (REGISTERED NUMBER: 09753831)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,206,774 3,625,407

CURRENT ASSETS
Stocks 5 89,747 93,852
Debtors 6 1,434,995 78,590
Cash in hand 17,508 7,041
1,542,250 179,483
CREDITORS
Amounts falling due within one year 7 3,207,161 2,392,919
NET CURRENT LIABILITIES (1,664,911 ) (2,213,436 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,541,863

1,411,971

PROVISIONS FOR LIABILITIES 454,046 -
NET ASSETS 1,087,817 1,411,971

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,087,717 1,411,871
SHAREHOLDERS' FUNDS 1,087,817 1,411,971

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.

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 VALLEY LIMITED (REGISTERED NUMBER: 09753831)

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


1. STATUTORY INFORMATION

Gullivers Valley 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
Fixtures and fittings - 20% on cost
Rides & Attractions - 10% on cost

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

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.

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.

GULLIVERS VALLEY LIMITED (REGISTERED NUMBER: 09753831)

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


2. ACCOUNTING POLICIES - continued

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 109 (2022 - 98 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 27,000 338,542 332,253
Additions 11,000 - 11,160
At 31 December 2023 38,000 338,542 343,413
DEPRECIATION
At 1 January 2023 675 132,220 176,578
Charge for year 3,733 67,707 66,638
At 31 December 2023 4,408 199,927 243,216
NET BOOK VALUE
At 31 December 2023 33,592 138,615 100,197
At 31 December 2022 26,325 206,322 155,675

Motor Rides &
vehicles Attractions Totals
£    £    £   
COST
At 1 January 2023 15,000 4,200,856 4,913,651
Additions - 81,892 104,052
At 31 December 2023 15,000 4,282,748 5,017,703
DEPRECIATION
At 1 January 2023 938 977,833 1,288,244
Charge for year 3,516 381,091 522,685
At 31 December 2023 4,454 1,358,924 1,810,929
NET BOOK VALUE
At 31 December 2023 10,546 2,923,824 3,206,774
At 31 December 2022 14,062 3,223,023 3,625,407

5. STOCKS
2023 2022
£    £   
Stocks 89,747 93,852

GULLIVERS VALLEY LIMITED (REGISTERED NUMBER: 09753831)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,884 2,491
Other debtors 1,404,174 55,105
Prepayments and accrued income 26,937 20,994
1,434,995 78,590

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 87,467 54,949
Trade creditors 345,744 285,764
Social security and other taxes 10,637 14,447
Other creditors 113,816 102,148
Amount owed to related parties 2,610,666 1,909,724
Accruals and deferred income 38,831 25,887
3,207,161 2,392,919

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Gulllivers Valley Limited owe £2,610,666 (2022: £1,909,724) to related parties. The amount has no fixed repayment terms and is interest-free.

During the year Gullivers Valley Limited incurred a management charge, at market rate of £344,971 (2022: £463,178) from a related party.