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Registered number
SC663596
Falcon Dream Ltd
Unaudited Accounts
for the year ended
30 June 2023
Falcon Dream Ltd
Balance Sheet
as at 30 June 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 3 1,760 2,636
1,760 2,636
Current assets
Debtors 4 11,765 20,965
Cash at bank and in hand 851 62
12,616 21,027
Creditors: amounts falling due within one year 5 (14,276) (8,512)
Net current assets / (liabilities) (1,660) 12,515
Total assets less current liabilities 100 15,151
Provisions for liabilities (0) (0)
Total net assets (liabilities) 100 15,151
Capital and reserves
Called up share capital 6 10 10
Profit and loss account 90 15,141
Shareholders' funds 100 15,151

Falcon Dream Ltd
Balance Sheet
as at 30 June 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

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

Ms F Khan

Director


Approved by the board on 30 October 2023

Company Number: SC663596 (a Private Company Limited by Shares registered in Scotland)

Registered Office:

15 Townhead
Kirkinitlloch
G66 1NG
Scotland

Falcon Dream Ltd
Notes to the Accounts
for the year ended 30 June 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

Changes in accounting standards, policies and estimates
The transition to a new accounting standard has resulted to some changes in the accounting policies. The nature of these changes, and any impact on the values displayed for the comparative period, are explained in the notes below where applicable.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Other 20% Straight Line
2. Employees
2023 2022
Average number of employees during the period 2 1

3. Tangible fixed assets
Other Total
Cost or valuation £ £
At 1 July 2022 4,381 4,381
At 30 June 2023 4,381 4,381
Depreciation
At 1 July 2022 1,745 1,745
Charge for the period 876 876
At 30 June 2023 2,621 2,621
Net book value
At 30 June 2023 1,760 1,760
At 30 June 2022 2,636 2,636

4. Debtors
2023 2022
£ £
Other debtors 11,765 20,965
11,765 20,965

5. Creditors: amounts falling due within one year
2023 2022
£ £
Taxation & social security 14,276 8,512
14,276 8,512

6. Share capital
2023 2022
£ £
Allotted, called up and fully paid:
10 (2022: 10) Ordinary shares of £1.00 each 10 10
10 10

7. Related party disclosures

During the period of accounts a transaction occurred between this company and a related party, Ms F Khan. The relationship between the parties is Director. At the balance sheet date the related party owed the company £11,765.


Controlling party
Ms F Khan & Ms A Waseem are the ultimate controlling party.