Pod Dreams Limited
Registered number: 13167891
Statement of Financial Position
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,196,119 1,203,129
Current assets
Debtors 4 9,322 652
Cash at bank and in hand 19,639 124,114
28,961 124,766
Creditors: amounts falling due within one year 5 (535,791) (820,747)
Net current liabilities (506,830) (695,981)
Total assets less current liabilities 689,289 507,148
Creditors: amounts falling due after more than one year 6 (703,675) (521,143)
Provisions for liabilities (3,996) (5,328)
Net liabilities (18,382) (19,323)
Capital and reserves
Called up share capital 1 1
Profit and loss account (18,383) (19,324)
Shareholders' funds (18,382) (19,323)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T M George
Director
Approved by the board on 10 April 2024
Pod Dreams Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the directors of the company are funding the company in the form of a director’s loan. The directors are planning to continue this financial support for the company for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Investments
Investment properties are carried at fair value, derived from current market prices for comparable properties determined annually.

Changes in fair value/Impairment losses are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 February 2023 1,175,088 37,388 1,212,476
At 31 January 2024 1,175,088 37,388 1,212,476
Depreciation
At 1 February 2023 - 9,347 9,347
Charge for the year - 7,010 7,010
At 31 January 2024 - 16,357 16,357
Net book value
At 31 January 2024 1,175,088 21,031 1,196,119
At 31 January 2023 1,175,088 28,041 1,203,129
4 Debtors 2024 2023
£ £
Prepayments 9,322 652
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,957 -
Obligations under finance lease and hire purchase contracts 5,623 5,623
Trade creditors 1,230 740
Accruals 1,386 1,320
Other creditors 524,595 813,064
535,791 820,747
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 500,995 500,995
Obligations under finance lease and hire purchase contracts 14,526 20,148
Trade creditors 188,154 -
703,675 521,143
7 Other information
Pod Dreams Limited is a private company limited by shares and incorporated in England. Its registered office is:
89-90 Paul Street
London
EC2A 4NE
Pod Dreams Limited 13167891 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts October 2023 release 2 T M George No description of principal activity 13167891 2022-02-01 2023-01-31 13167891 core:WithinOneYear 2023-01-31 13167891 core:AfterOneYear 2023-01-31 13167891 core:ShareCapital 2023-01-31 13167891 core:RetainedEarningsAccumulatedLosses 2023-01-31 13167891 2023-02-01 2024-01-31 13167891 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13167891 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13167891 bus:Director40 2023-02-01 2024-01-31 13167891 1 2023-02-01 2024-01-31 13167891 2 2023-02-01 2024-01-31 13167891 core:LandBuildings 2023-02-01 2024-01-31 13167891 core:Vehicles 2023-02-01 2024-01-31 13167891 countries:England 2023-02-01 2024-01-31 13167891 bus:FRS102 2023-02-01 2024-01-31 13167891 bus:FullAccounts 2023-02-01 2024-01-31 13167891 2024-01-31 13167891 core:WithinOneYear 2024-01-31 13167891 core:AfterOneYear 2024-01-31 13167891 core:ShareCapital 2024-01-31 13167891 core:RetainedEarningsAccumulatedLosses 2024-01-31 13167891 core:LandBuildings 2024-01-31 13167891 core:Vehicles 2024-01-31 13167891 2023-01-31 13167891 core:LandBuildings 2023-01-31 13167891 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure