Registration number: 02129435

Gulfbarn Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Gulfbarn Limited

Company Information

Directors

A W Townhill P C Wales

Registered office

Holderness House Staithes Road Hedon East Yorkshire HU12 8DX

Gulfbarn Limited

(Registration number: 02129435)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Creditors: Amounts falling due within one year	4	(7,060)	(6,539)
Net current liabilities		(7,060)	(6,539)
Net liabilities		(7,060)	(6,539)
Capital and reserves
Called up share capital		2	2
Retained earnings		(7,062)	(6,541)
Shareholders' deficit		(7,060)	(6,539)

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

......................................... A W Townhill Director

Gulfbarn Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 02129435.

The address of its registered office is:
Holderness House
Staithes Road
Hedon
East Yorkshire
HU12 8DX

These financial statements were authorised for issue by the Board on 17 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The company did not trade during the period and the accounts have not been prepared on the going concern basis.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

Gulfbarn Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	5	-	6,117
Accruals and deferred income		441	422
Other creditors		6,619	-
		7,060	6,539

5	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	-	6,117

Other borrowings include unsecured amounts due to Directors.

6	Related party transactions

Other transactions with Directors

At the year end the company owed the director £Nil (2024 - £6,117). This amount is unsecured, interest free and
repayable on demand.

Summary of transactions with other related parties

Pinefleet Limited - Associated Company under common control of the Directors
During the year the company made net sales to Pinefleet Limited of £Nil (2024: £Nil) and net purchases of £Nil (2024: £Nil). During the year, the Company made total transfers of £6,619 (2024: £Nil).

At the balance sheet date, the net amount due to Pinefleet Limited was £6,619 (2024: £Nil). Amounts are unsecured, interest-free and repayable on demand.