Company registration number 06318993 (England and Wales)
DREAM VIEW LANDSCAPES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
DREAM VIEW LANDSCAPES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
DREAM VIEW LANDSCAPES LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
ASSETS
Fixed assets
Tangible assets
4
724,514
463,018
Current assets
Debtors
5
186,809
312,952
Cash at bank and in hand
157,979
258,048
344,788
571,000
Total assets
1,069,302
1,034,018
EQUITY
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
918,884
870,768
Total equity
918,984
870,868
LIABILITIES
Creditors: amounts falling due within one year
6
150,318
158,611
Deferred income
-
0
4,539
Total equity and liabilities
1,069,302
1,034,018

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 30 September 2023 and are signed on its behalf by:
Mr I J Pye
Mrs F Pye
Director
Director
Company Registration No. 06318993
DREAM VIEW LANDSCAPES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Dream View Landscapes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Campanula Close, Northampton, Northamptonshire, NN3 3QG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
0
Plant and equipment
25%
Fixtures and fittings
25%
Computers
33%
Motor vehicles
25%

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

DREAM VIEW LANDSCAPES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

DREAM VIEW LANDSCAPES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

DREAM VIEW LANDSCAPES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -
1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
7
10
DREAM VIEW LANDSCAPES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2022
406,586
123,235
764
8,428
80,496
619,509
Additions
259,821
1,557
-
0
-
0
31,070
292,448
Disposals
-
0
-
0
-
0
-
0
(9,250)
(9,250)
At 31 March 2023
666,407
124,792
764
8,428
102,316
902,707
Depreciation and impairment
At 1 April 2022
-
0
89,308
441
7,908
58,834
156,491
Depreciation charged in the year
-
0
11,698
107
257
13,687
25,749
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(4,047)
(4,047)
At 31 March 2023
-
0
101,006
548
8,165
68,474
178,193
Carrying amount
At 31 March 2023
666,407
23,786
216
263
33,842
724,514
At 31 March 2022
406,586
33,927
323
520
21,662
463,018
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
12,102
133,007
Other debtors
174,707
179,945
186,809
312,952
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
401
10,557
Corporation tax
33,492
61,668
Other taxation and social security
-
0
10,292
Other creditors
116,425
76,094
150,318
158,611
DREAM VIEW LANDSCAPES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 7 -
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
8
Directors' transactions

The directors maintain a joint current account with the company. This account is credited with monies introduced by the directors and any undrawn entitlement. Subsequent withdrawals and payments made by the company on behalf of the directors are charged to this account.

At 1 April 2021 the company owed the directors £56,982. During the year the directors introduced amounts totalling £104,425 and withdrew amounts totalling £86,565 leaving a balance of £74,842 owing to the directors at 31 March 2022. The amount is included within creditors , it is unsecured and no interest is due on amounts outstanding.

Dividends totalling £100,000 (2022 - £100,000) were paid in the year in respect of shares held by the company's directors.

2023-03-31 2022-04-01 false 30 September 2023 CCH Software CCH Accounts Production 2023.100 No description of principal activity Mr Ian James Pye Mrs Franca Pye 06318993 2022-04-01 2023-03-31 06318993 2023-03-31 06318993 2022-03-31 06318993 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 06318993 core:PlantMachinery 2023-03-31 06318993 core:FurnitureFittings 2023-03-31 06318993 core:ComputerEquipment 2023-03-31 06318993 core:MotorVehicles 2023-03-31 06318993 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 06318993 core:PlantMachinery 2022-03-31 06318993 core:FurnitureFittings 2022-03-31 06318993 core:ComputerEquipment 2022-03-31 06318993 core:MotorVehicles 2022-03-31 06318993 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06318993 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06318993 core:ShareCapital 2023-03-31 06318993 core:ShareCapital 2022-03-31 06318993 core:RetainedEarningsAccumulatedLosses 2023-03-31 06318993 core:RetainedEarningsAccumulatedLosses 2022-03-31 06318993 bus:Director1 2022-04-01 2023-03-31 06318993 bus:Director2 2022-04-01 2023-03-31 06318993 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06318993 core:PlantMachinery 2022-04-01 2023-03-31 06318993 core:FurnitureFittings 2022-04-01 2023-03-31 06318993 core:ComputerEquipment 2022-04-01 2023-03-31 06318993 core:MotorVehicles 2022-04-01 2023-03-31 06318993 2021-04-01 2022-03-31 06318993 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 06318993 core:PlantMachinery 2022-03-31 06318993 core:FurnitureFittings 2022-03-31 06318993 core:ComputerEquipment 2022-03-31 06318993 core:MotorVehicles 2022-03-31 06318993 2022-03-31 06318993 core:CurrentFinancialInstruments 2023-03-31 06318993 core:CurrentFinancialInstruments 2022-03-31 06318993 core:WithinOneYear 2023-03-31 06318993 core:WithinOneYear 2022-03-31 06318993 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06318993 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06318993 bus:FRS102 2022-04-01 2023-03-31 06318993 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06318993 bus:FullAccounts 2022-04-01 2023-03-31 xbrli:pure xbrli:shares iso4217:GBP