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REGISTERED NUMBER: 13132953 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023

FOR

DARBY DREAMS LIMITED

DARBY DREAMS LIMITED (REGISTERED NUMBER: 13132953)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DARBY DREAMS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023







DIRECTOR: M E Darby





REGISTERED OFFICE: Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE





REGISTERED NUMBER: 13132953 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

DARBY DREAMS LIMITED (REGISTERED NUMBER: 13132953)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,667 4,039
Investments 5 218,869 104,745
229,536 108,784

CREDITORS
Amounts falling due within one year 6 (237,542 ) (112,303 )
NET CURRENT LIABILITIES (237,542 ) (112,303 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,006

)

(3,519

)

PROVISIONS FOR LIABILITIES 7 (2,300 ) (1,000 )
NET LIABILITIES (10,306 ) (4,519 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (10,307 ) (4,520 )
(10,306 ) (4,519 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





M E Darby - Director


DARBY DREAMS LIMITED (REGISTERED NUMBER: 13132953)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023


1. STATUTORY INFORMATION

Darby Dreams Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings5 years straight line
Computer equipment5 years straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
Based on the director's review of the company's expected performance and projected cash flows, the director has concluded that these financial statements should be prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

DARBY DREAMS LIMITED (REGISTERED NUMBER: 13132953)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2022 2,488 2,061 4,549
Additions 2,372 6,231 8,603
At 31 March 2023 4,860 8,292 13,152
DEPRECIATION
At 1 February 2022 176 334 510
Charge for period 637 1,338 1,975
At 31 March 2023 813 1,672 2,485
NET BOOK VALUE
At 31 March 2023 4,047 6,620 10,667
At 31 January 2022 2,312 1,727 4,039

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2022 104,745
Additions 114,124
At 31 March 2023 218,869
NET BOOK VALUE
At 31 March 2023 218,869
At 31 January 2022 104,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 237,542 112,303

Included within other creditors is £236,821 (2022: £111,163) owed to the director. This amount is interest-free and repayable on demand.

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,300 1,000

Deferred
tax
£   
Balance at 1 February 2022 1,000
Provided during period 1,300
Balance at 31 March 2023 2,300

DARBY DREAMS LIMITED (REGISTERED NUMBER: 13132953)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 MARCH 2023


8. CAPITAL COMMITMENTS

At 31 March 2023, the company was committed to further investment of £281,131 (2022: £145,255) into a managed investment fund.