GULL LETTINGS LTD

Company Registration Number:
15908849 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2025

Period of accounts

Start date: 21 August 2024

End date: 31 August 2025

GULL LETTINGS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2025

Balance sheet
Notes

GULL LETTINGS LTD

Balance sheet

As at 31 August 2025


Notes
2025


£
Fixed assets
Investments: 3 925,000
Total fixed assets: 925,000
Current assets
Cash at bank and in hand: 10,937
Total current assets: 10,937
Creditors: amounts falling due within one year:   (33,628)
Net current assets (liabilities): (22,691)
Total assets less current liabilities: 902,309
Creditors: amounts falling due after more than one year: 4 (569,265)
Provision for liabilities: (88,991)
Total net assets (liabilities): 244,053
Capital and reserves
Called up share capital: 10
Other reserves: (355,962)
Profit and loss account: 600,005
Shareholders funds: 244,053

The notes form part of these financial statements

GULL LETTINGS LTD

Balance sheet statements

For the year ending 31 August 2025 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 May 2026
and signed on behalf of the board by:

Name: Matthew Cummings
Status: Director

The notes form part of these financial statements

GULL LETTINGS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

Deferred Tax: 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.

GULL LETTINGS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

2. Employees

2025
Average number of employees during the period 1

GULL LETTINGS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

3. Fixed investments

Investment property has been included at fair value. Fair value was determined by the directors using an open market valuation approach, taking into account comparable local market evidence, estate agent valuation information and lender valuation evidence obtained during the year. The directors consider the valuation to be a reasonable estimate of the property's market value at the reporting date.

GULL LETTINGS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

4. Creditors: amounts falling due after more than one year note

The mortgage loan is secured by a fixed charge over the company’s investment property and is supported by a personal guarantee from the director. The loan is interest only and repayable in accordance with the terms agreed with the lender.

GULL LETTINGS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

5. Loans to directors

Name of director receiving advance or credit:
Description of the loan: The company owed the director £23,556 at the year end. The balance is unsecured, interest free and repayable on demand
£
Advances or credits made: 23,546
Balance at 31 August 2025 23,546

GULL LETTINGS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2025

6. Related party transactions

Name of the related party:
Relationship:
Related company under common control
Description of the Transaction: During the year, the company received financial support from a related company under common control. At the reporting date, the balance outstanding was £9,702. The loan is unsecured, interest free and has no fixed repayment terms.
£
Balance at 31 August 2025 9,702