Company Registration No. 02031679 (England and Wales)
Gulfcray Limited
Unaudited accounts
for the year ended 31 March 2025
Gulfcray Limited
Unaudited accounts
Contents
Gulfcray Limited
Company Information
for the year ended 31 March 2025
Director
Golnaz Metghalchi
Company Number
02031679 (England and Wales)
Registered Office
241-243 Baker Street
London
NW1 6XE
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Gulfcray Limited
Statement of financial position
as at 31 March 2025
Investment property
3,528,659
3,500,000
Cash at bank and in hand
144,452
158,530
Creditors: amounts falling due within one year
(219,708)
(234,389)
Net current assets
634,069
590,702
Total assets less current liabilities
4,165,528
4,090,702
Creditors: amounts falling due after more than one year
(735,283)
(735,283)
Net assets
3,430,245
3,355,419
Called up share capital
100
100
Revaluation reserve
2,634,194
2,634,194
Profit and loss account
795,951
721,125
Shareholders' funds
3,430,245
3,355,419
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 December 2025 and were signed on its behalf by
Golnaz Metghalchi
Director
Company Registration No. 02031679
Gulfcray Limited
Notes to the Accounts
for the year ended 31 March 2025
Gulfcray Limited is a private company, limited by shares, registered in England and Wales, registration number 02031679. The registered office is 241-243 Baker Street, London, NW1 6XE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Gulfcray Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2024
3,500,000
At 31 March 2025
3,528,659
Amounts falling due within one year
Accrued income and prepayments
79,782
77,018
Other debtors
629,543
589,543
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
22,530
38,331
Other creditors
132,778
130,475
Loans from directors
20,229
34,823
Deferred income
40,571
24,760
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
735,283
735,283
Gulfcray Limited
Notes to the Accounts
for the year ended 31 March 2025
9
Transactions with related parties
The director is also a director an shareholder of the Gol Holding Inc, and Freshii Ltd.
At the reporting date Gol Holding Inc was owed £128,526 (2024: £128,526) by the company.
At the reporting date Freshii Ltd owed the company £629,543(2024: £589,543).
At the reporting date the father of the director was owed £735,283 (2024: £735,283) by the company.
10
Average number of employees
During the year the average number of employees was 3 (2024: 2).