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REGISTERED NUMBER: 09248340 (England and Wales)









Tropicana Dream Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Tropicana Dream Limited (Registered number: 09248340)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tropicana Dream Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S J Hubbard
Ms A Knight





REGISTERED OFFICE: 3 Scilly Close
Ellesmere Port
Cheshire
CH65 9JU





REGISTERED NUMBER: 09248340 (England and Wales)





ACCOUNTANTS: Henry R. Davis & Co. Limited
Chartered Accountants
33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA

Tropicana Dream Limited (Registered number: 09248340)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,740 29,533

CURRENT ASSETS
Stocks 425 450
Debtors 5 2,000 2,000
Cash at bank and in hand 264,085 164,173
266,510 166,623
CREDITORS
Amounts falling due within one year 6 79,697 44,877
NET CURRENT ASSETS 186,813 121,746
TOTAL ASSETS LESS CURRENT LIABILITIES 210,553 151,279

CREDITORS
Amounts falling due after more than one
year

7

(6,333

)

(13,333

)

PROVISIONS FOR LIABILITIES (4,511 ) (5,611 )
NET ASSETS 199,709 132,335

RESERVES
Retained earnings 199,709 132,335
199,709 132,335

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

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

The directors acknowledge their 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.

Tropicana Dream Limited (Registered number: 09248340)

Balance Sheet - continued
31 October 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





S J Hubbard - Director


Tropicana Dream Limited (Registered number: 09248340)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Tropicana Dream 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

Tropicana Dream Limited (Registered number: 09248340)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 88,937
DEPRECIATION
At 1 November 2022 59,404
Charge for year 5,793
At 31 October 2023 65,197
NET BOOK VALUE
At 31 October 2023 23,740
At 31 October 2022 29,533

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 2,000 2,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 7,000 8,000
Taxation and social security 34,868 22,165
Other creditors 37,829 14,712
79,697 44,877

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 6,333 13,333

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 13,333 21,333

Tropicana Dream Limited (Registered number: 09248340)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. BANK LOANS

A bank loan amounting to £10,333 (£14,333 2022)relates to a loan provided under the Bounce Back Loan Scheme. This scheme provides the lender with a government-backed guarantee (100%) against the outstanding facility balance (principal and interest). No interest was payable in the first 12 months. Interest is charged at 2.5% per annum.