Company registration number 08459055 (England and Wales)
DREAMVAR (UK) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
DREAMVAR (UK) LIMITED
COMPANY INFORMATION
Directors
E Vardar
R Vardar
Company number
08459055
Registered office
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
Accountants
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
DREAMVAR (UK) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
DREAMVAR (UK) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
3
1,009,069
1,284,094
Cash at bank and in hand
2
1,955
1,009,071
1,286,049
Creditors: amounts falling due within one year
4
(1,157,216)
(1,430,694)
Net current liabilities
(148,145)
(144,645)
Capital and reserves
Called up share capital
5
10,000
10,000
Profit and loss reserves
(158,145)
(154,645)
Total equity
(148,145)
(144,645)

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 2022 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.

The 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 13 November 2023 and are signed on its behalf by:
E Vardar
Director
Company Registration No. 08459055
DREAMVAR (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
1
Accounting policies
Company information

Dreamvar (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.

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 amounts 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
Going concern

These accounts have been prepared on a going concern basis on the understanding that that director will continue to support the company for the foreseeable future.true

1.3
Turnover

Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and the rendering of services in the normal course of business, and is shown net of discounts.

 

Revenue arises from the provision of surveying works services.

Revenue is recognised proportionally over the performance of the service contract, by reference to the stage of completion of the transaction at the end of the reporting period.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” 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.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2021 - 2).

DREAMVAR (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
1,009,069
1,284,094
4
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
720
-
0
Taxation and social security
-
0
5,033
Other creditors
1,156,496
1,425,661
1,157,216
1,430,694
5
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
10,000
10,000
10,000
10,000
6
Related party transactions

Included in other debtors are amounts due from a company under common control of £1,009,069 (2021 : £1,284,094). This loan is interest free and repayable on demand.

 

Included in other creditors are amounts due to a director of £1,153,776 (2020: £1,422,941). This loan is interest free and repayable on demand.

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