Registration number: 07357610

Gulfvisa Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

Gulfvisa Ltd

Company Information

Director

Mr Soufyan Hammoudi Abbas

Registered office

17 Hanover Square London England W1S 1HU

Accountants

MG Group (Professional Services) Limited Chartered Accountants166 College Road Harrow Middlesex HA1 1BH

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Gulfvisa Ltd
for the Year Ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gulfvisa Ltd for the year ended 31 August 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Gulfvisa Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Gulfvisa Ltd and state those matters that we have agreed to state to the Board of Directors of Gulfvisa Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gulfvisa Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Gulfvisa Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Gulfvisa Ltd. You consider that Gulfvisa Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Gulfvisa Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MG Group (Professional Services) Limited
Chartered Accountants
166 College Road
Harrow
Middlesex
HA1 1BH

30 August 2026

Gulfvisa Ltd

(Registration number: 07357610)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	28,749	34,879
Investment property	5	515,567	515,567
Other financial assets	6	451,347	536,622
		995,663	1,087,068
Current assets
Debtors	7	972,234	862,583
Cash at bank and in hand		342,966	382,081
		1,315,200	1,244,664
Creditors: Amounts falling due within one year	8	(131,222)	(338,534)
Net current assets		1,183,978	906,130
Total assets less current liabilities		2,179,641	1,993,198
Provisions for liabilities		(7,187)	(8,720)
Net assets		2,172,454	1,984,478
Capital and reserves
Called up share capital	9	130	130
Retained earnings		2,172,324	1,984,348
Shareholders' funds		2,172,454	1,984,478

For the financial 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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 August 2026
 

Gulfvisa Ltd

(Registration number: 07357610)
Balance Sheet as at 31 August 2025

......................................... Mr Soufyan Hammoudi Abbas Director

Gulfvisa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
17 Hanover Square
London
W1S 1HU
England

These financial statements were authorised for issue by the director on 30 August 2026.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Gulfvisa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Electric vehicle	25% reducing balance
Furniture, Fixtures, Fittings and Office equipment	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Gulfvisa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Gulfvisa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Furniture, Fixtures, Fittings and Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	27,122	56,090	83,212
Additions	4,926	-	4,926
At 31 August 2025	32,048	56,090	88,138
Depreciation
At 1 September 2024	19,850	28,483	48,333
Charge for the year	4,154	6,902	11,056
At 31 August 2025	24,004	35,385	59,389
Carrying amount
At 31 August 2025	8,044	20,705	28,749
At 31 August 2024	7,272	27,607	34,879

5	Investment properties

	2025 £
At 1 September	515,567
At 31 August	515,567

The director consider the value of the investment property to be similar to its market value at the balance sheet date.

Gulfvisa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £
Non-current financial assets
Cost or valuation
At 1 September 2024	536,622
Revaluations	(34,058)
Additions	199,873
Disposals	(251,090)
At 31 August 2025	451,347
Impairment
Carrying amount
At 31 August 2025	451,347

The director consider the value of the investment made on other financial assets to be similar to its market value at the balance sheet date.

7

debtors

Current	2025 £	2024 £
Trade debtors	21,013	-
Other debtors	951,221	862,583
	972,234	862,583

Other debtor includes £875,485 (2024: £833,500) which is in relation to Nester peer-to-peer investment in various development projects and this is repayable back to the company's portfolio on maturity.

Gulfvisa Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	22,754	225,066
Accruals and deferred income	2,500	-
Other creditors	105,968	113,468
	131,222	338,534

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100
Ordinary shares of class B of £1 each	20	20	20	20
Reclassification of Ordinary shares of class B of £1 each	(10)	(10)	-	-
Ordinary shares of class C of £1 each	10	10	10	10
Ordinary shares of class D of £1 (2024 - £0) each	10	10	-	-
	130	130	130	130

10	Related party transactions

During the year, the company made the following related party transactions:

Director / Shareholders
At the balance sheet date, the amounts due to the Director and Shareholders was £57,186 (2024 - £98,393). These loans were unsecured, interest free and repayable on demand.