Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12825057 Mr Christopher Tooley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12825057 2023-08-31 12825057 2024-08-31 12825057 2023-09-01 2024-08-31 12825057 frs-core:CurrentFinancialInstruments 2024-08-31 12825057 frs-core:RevaluationReserve 2023-09-01 2024-08-31 12825057 frs-core:RevaluationReserve 2023-08-31 12825057 frs-core:RevaluationReserve 2024-08-31 12825057 frs-core:ShareCapital 2024-08-31 12825057 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12825057 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12825057 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12825057 frs-bus:SmallEntities 2023-09-01 2024-08-31 12825057 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12825057 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12825057 frs-bus:Director1 2023-09-01 2024-08-31 12825057 frs-countries:EnglandWales 2023-09-01 2024-08-31 12825057 2022-08-31 12825057 2023-08-31 12825057 2022-09-01 2023-08-31 12825057 frs-core:CurrentFinancialInstruments 2023-08-31 12825057 frs-core:RevaluationReserve 2023-08-31 12825057 frs-core:ShareCapital 2023-08-31 12825057 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12825057
Gulliver Investments Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12825057
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,018,213 1,835,606
2,018,213 1,835,606
CURRENT ASSETS
Debtors 5 245,522 358,892
Cash at bank and in hand 95,543 39,779
341,065 398,671
Creditors: Amounts Falling Due Within One Year 6 (2,123,101 ) (2,181,825 )
NET CURRENT ASSETS (LIABILITIES) (1,782,036 ) (1,783,154 )
TOTAL ASSETS LESS CURRENT LIABILITIES 236,177 52,452
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,516 ) (7,516 )
NET ASSETS 228,661 44,936
CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 222,164 39,558
Profit and Loss Account 6,496 5,377
SHAREHOLDERS' FUNDS 228,661 44,936
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Tooley
Director
09/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gulliver Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12825057 . The registered office is The Old Barn Wood Street, Swanley, BR8 7PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Investment Property
2024
£
Fair Value
As at 1 September 2023 1,835,606
Revaluations 182,607
As at 31 August 2024 2,018,213
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 564 1,025
Other debtors 237,315 357,642
Corporation tax recoverable assets 7,643 -
VAT - 225
245,522 358,892
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,352 1,350
Corporation tax 2,848 17,087
VAT 390 -
Other creditors 63,048 44,844
Director's loan account 2,055,463 2,118,544
2,123,101 2,181,825
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Reserves
Revaluation Reserve
£
As at 1 September 2023 39,558
Net investment property revaluation reserve 182,606
As at 31 August 2024 222,164
Page 4
Page 5
9. Related Party Transactions
Included in Other Creditors is an amount owed to the company director Mr C Tooley totalling £2,055,463 (2023 - £2,118,544). 
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