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Company Registration No. 12839246 (England and Wales)
GULFNEILS LTD Unaudited accounts for the year ended 31 August 2025
GULFNEILS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GULFNEILS LTD Company Information for the year ended 31 August 2025
Director
Juliana Okoro
Company Number
12839246 (England and Wales)
Registered Office
2 MAYFLOWER GARDENS WOLVERHAMPTON WEST MIDLANDS WV10 6EF UNITED KINGDOM
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GULFNEILS LTD Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
170,000
170,000
Current assets
Cash at bank and in hand
1,360
999
Creditors: amounts falling due within one year
5
(54,184)
(10,808)
Net current liabilities
(52,824)
(9,809)
Total assets less current liabilities
117,176
160,191
Creditors: amounts falling due after more than one year
6
(127,500)
(170,000)
Net liabilities
(10,324)
(9,809)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(10,326)
(9,811)
Shareholders' funds
(10,324)
(9,809)
For the year ending 31 August 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 25 May 2026 and were signed on its behalf by
Juliana Okoro Director Company Registration No. 12839246
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GULFNEILS LTD Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
GULFNEILS LTD is a private company, limited by shares, registered in England and Wales, registration number 12839246. The registered office is 2 MAYFLOWER GARDENS, WOLVERHAMPTON, WEST MIDLANDS, WV10 6EF, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 September 2024
170,000
At 31 August 2025
170,000
Depreciation
At 31 August 2025
-
Net book value
At 31 August 2025
170,000
At 31 August 2024
170,000
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
10,808
Loans from directors
54,184
-
54,184
10,808
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GULFNEILS LTD Notes to the Accounts for the year ended 31 August 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
127,500
127,500
Loans from directors
-
42,500
127,500
170,000
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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