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REGISTERED NUMBER: 01415343 (England and Wales)



















GULLIVERS KINGDOM LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






GULLIVERS KINGDOM LIMITED (REGISTERED NUMBER: 01415343)

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 KINGDOM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







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





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





REGISTERED NUMBER: 01415343 (England and Wales)





AUDITORS: Johnson Tidsall Limited
Chartered Accountants
& Statutory Auditor
81 Burton Road
Derby
Derbyshire
DE1 1TJ

GULLIVERS KINGDOM LIMITED (REGISTERED NUMBER: 01415343)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 447,859 524,996

CURRENT ASSETS
Stocks 5 26,964 9,517
Debtors 6 2,037,834 2,234,188
Cash at bank and in hand 13,040 7,548
2,077,838 2,251,253
CREDITORS
Amounts falling due within one year 7 1,062,215 1,377,367
NET CURRENT ASSETS 1,015,623 873,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,463,482

1,398,882

PROVISIONS FOR LIABILITIES 64,828 75,612
NET ASSETS 1,398,654 1,323,270

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 1,398,652 1,323,268
SHAREHOLDERS' FUNDS 1,398,654 1,323,270

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 KINGDOM LIMITED (REGISTERED NUMBER: 01415343)

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


1. STATUTORY INFORMATION

Gullivers Kingdom 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.
Freehold property - 10% on reducing balance
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Rides and attractions - 33% on reducing balance and 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.

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 KINGDOM LIMITED (REGISTERED NUMBER: 01415343)

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


2. ACCOUNTING POLICIES - continued

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 62 (2022 - 57 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Rides and
property machinery vehicles attractions Totals
£    £    £    £    £   
COST
At 1 January 2023 374,460 377,877 178,360 2,369,338 3,300,035
Additions - 9,765 - 40,693 50,458
Disposals - - - (67,337 ) (67,337 )
At 31 December 2023 374,460 387,642 178,360 2,342,694 3,283,156
DEPRECIATION
At 1 January 2023 277,247 322,428 82,426 2,092,938 2,775,039
Charge for year 9,716 26,598 23,984 67,297 127,595
Eliminated on disposal - - - (67,337 ) (67,337 )
At 31 December 2023 286,963 349,026 106,410 2,092,898 2,835,297
NET BOOK VALUE
At 31 December 2023 87,497 38,616 71,950 249,796 447,859
At 31 December 2022 97,213 55,449 95,934 276,400 524,996

5. STOCKS
2023 2022
£    £   
Stocks 26,964 9,517

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,913,343 2,212,316
Other debtors 103,875 -
Prepayments and accrued income 20,616 21,872
2,037,834 2,234,188

GULLIVERS KINGDOM LIMITED (REGISTERED NUMBER: 01415343)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 51,153 97,643
Trade creditors 139,651 97,055
Corporation tax 29,365 47,871
Social security and other taxes 15,479 16,073
Other creditors 120,291 133,358
Directors' current accounts 683,642 960,594
Accruals and deferred income 22,634 24,773
1,062,215 1,377,367

8. CALLED UP SHARE CAPITAL

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

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Mellor FCA (Senior Statutory Auditor)
for and on behalf of Johnson Tidsall Limited

10. RELATED PARTY DISCLOSURES

Gullivers Kingdom Limited are owed £1,913,343 (2022: £2,212,316) by its parent company. The amount has no fixed repayment terms and is interest-free.

At the balance sheet date the company owed £683,642 (2022: £960,594) to its directors. The amount has no fixed repayment terms and is interest-free.

During the year Gullivers Kingdom Limited incurred a management charge at market rate of £354,194 (2022: £231,089) from related party companies.

Land and buildings situated at Gullivers Kingdom Limited are owned by the holding company, Weavers Close Ltd. No rent is charged for its use.

11. ULTIMATE PARENT COMPANY

Weavers Close Limited is regarded by the directors as being the company's ultimate parent company. They share the same registered office as Gullivers Kingdom Limited.