5 false false false false false false false false false false true false false false false true true true true No description of principal activity 2024-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,649 5,047 1,150 8,546 2,027 2,136 1,150 3,013 5,533 2,622 247 247 247 xbrli:pure xbrli:shares iso4217:GBP 01231244 2024-07-01 2025-06-30 01231244 2025-06-30 01231244 2024-06-30 01231244 2023-07-01 2024-06-30 01231244 2024-06-30 01231244 2023-06-30 01231244 bus:Director4 2024-07-01 2025-06-30 01231244 core:WithinOneYear 2025-06-30 01231244 core:WithinOneYear 2024-06-30 01231244 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 01231244 core:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 01231244 core:ShareCapital 2025-06-30 01231244 core:ShareCapital 2024-06-30 01231244 core:RetainedEarningsAccumulatedLosses 2025-06-30 01231244 core:RetainedEarningsAccumulatedLosses 2024-06-30 01231244 core:ShareCapital 2023-06-30 01231244 core:RetainedEarningsAccumulatedLosses 2023-06-30 01231244 core:CostValuation core:Non-currentFinancialInstruments 2025-06-30 01231244 core:Non-currentFinancialInstruments 2025-06-30 01231244 core:Non-currentFinancialInstruments 2024-06-30 01231244 bus:SmallEntities 2024-07-01 2025-06-30 01231244 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 01231244 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 01231244 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 01231244 bus:FullAccounts 2024-07-01 2025-06-30 01231244 core:FurnitureFittingsToolsEquipment 2024-06-30 01231244 core:FurnitureFittingsToolsEquipment 2024-07-01 2025-06-30 01231244 core:FurnitureFittingsToolsEquipment 2025-06-30
COMPANY REGISTRATION NUMBER: 01231244

The Gumby Corporation Limited

Filleted Unaudited Accounts

30 June 2025

The Gumby Corporation Limited

Accounts

Year ended 30 June 2025

Contents | Page

Statement of financial position | 1

Statement of changes in equity | 3

Notes to the accounts | 4

The Gumby Corporation Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 5,533 | 2,622
Investments | 6 |  | 247 | 247
|  | ------- | -------
|  | 5,780 | 2,869

Current assets

Debtors | 7 | 28,875 |  | 10,208
Cash at bank and in hand | 578,123 |  | 834,158
| --------- |  | ---------
| 606,998 |  | 844,366

Creditors: amounts falling due within one year | 8 | ( 176,352) |  | ( 141,234)
| --------- |  | ---------
Net current assets |  | 430,646 | 703,132
|  | --------- | ---------
Total assets less current liabilities |  | 436,426 | 706,001
|  | --------- | ---------
Net assets |  | 436,426 | 706,001
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 205 | 205
Profit and loss account |  | 436,221 | 705,796
|  | --------- | ---------
Shareholders funds |  | 436,426 | 706,001
|  | --------- | ---------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

The Gumby Corporation Limited

Statement of Financial Position (continued)

30 June 2025
These accounts were approved by the board of directors and authorised for issue on 17 March 2026 , and are signed on behalf of the board by:

Mr M E Palin
Director

Company registration number: 01231244

The Gumby Corporation Limited

Statement of Changes in Equity

Year ended 30 June 2025

| Called up share capital | Profit and loss account | Total
| £ | £ | £
At 1 July 2023 | 205 | 733,848 | 734,053
Profit for the year |  | 74,448 | 74,448
| ---- | --------- | ---------
Total comprehensive income for the year | – | 74,448 | 74,448
Dividends paid and payable | – | ( 102,500) | ( 102,500)
| ---- | --------- | ---------
Total investments by and distributions to owners | – | ( 102,500) | ( 102,500)
At 30 June 2024 | 205 | 705,796 | 706,001
Loss for the year |  | ( 64,575) | ( 64,575)
| ---- | --------- | ---------
Total comprehensive income for the year | – | ( 64,575) | ( 64,575)
Dividends paid and payable | – | ( 205,000) | ( 205,000)
| ---- | --------- | ---------
Total investments by and distributions to owners | – | ( 205,000) | ( 205,000)
| ---- | --------- | ---------
At 30 June 2025 | 205 | 436,221 | 436,426
| ---- | --------- | ---------

The Gumby Corporation Limited

Notes to the Accounts

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Northfield Court, Aldeburgh, Suffolk, IP15 5LU.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In the opinion of the directors the company is a going concern as it has the financial resources to allow it to meet its ongoing trading obligations as they fall due. The accounts are therefore prepared on a going concern basis.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under FRS 102 Section 1A: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.
Consolidation
The company has taken advantage of the option not to prepare consolidated accounts contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Pension schemes
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Revenue recognition
Turnover represents receipts for services provided, net of value added tax. Due to the nature of the company's principal activities, any profit shares or royalty income are accounted for on a notified basis.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures, fittings and equipment | - | 25% per annum

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Trade and other debtors Trade and other debtors are initially recorded at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, receivables are stated at cost less impairment losses for bad and doubtful debts. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provision Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).
5. Tangible assets

| Fixtures, fittings & equipment | Total
| £ | £
Cost |  |
At 1 July 2024 | 4,649 | 4,649
Additions | 5,047 | 5,047
Disposals | ( 1,150) | ( 1,150)
| ------- | -------
At 30 June 2025 | 8,546 | 8,546
| ------- | -------
Depreciation |  |
At 1 July 2024 | 2,027 | 2,027
Charge for the year | 2,136 | 2,136
Disposals | ( 1,150) | ( 1,150)
| ------- | -------
At 30 June 2025 | 3,013 | 3,013
| ------- | -------
Carrying amount |  |
At 30 June 2025 | 5,533 | 5,533
| ------- | -------
At 30 June 2024 | 2,622 | 2,622
| ------- | -------

6. Investments

| Investments
| £
Cost |
At 1 July 2024 and 30 June 2025 | 247
| ----
Impairment |
At 1 July 2024 and 30 June 2025 | –
| ----

Carrying amount |
At 30 June 2025 | 247
| ----
At 30 June 2024 | 247
| ----

The company has an interest in a partnership, the Monty Python Begging Bowl Partnership.
The company owns 100% of the ordinary issued share capital of Prominent Television Limited, a dormant company, together with 85% of the ordinary issued share capital of Prominent Palin Productions Limited, a trading company. Both are registered in England & Wales.
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 5,629 | 962
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 2,246 | 9,246
Other debtors | 21,000 | –
| -------- | --------
| 28,875 | 10,208
| -------- | --------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 4,059 | 19,912
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 700 | 700
Corporation tax | – | 21,265
Social security and other taxes | 4,923 | 15,572
Other creditors | 166,670 | 83,785
| --------- | ---------
| 176,352 | 141,234
| --------- | ---------

9. Directors' advances, credits and guarantees
Throughout the year the company was in receipt of a short term advance from the directors with an amount to be repaid at the balance sheet date of £157,670 (2024: £74,780). This advance is unsecured, interest free and considered repayable on demand.
10. Related party transactions
The company was under the control of Mr M E Palin throughout the current and previous year.