IRIS Accounts Production v24.1.9.2 07025333 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070253332023-03-31070253332024-03-31070253332023-04-012024-03-31070253332022-03-31070253332022-04-012023-03-31070253332023-03-3107025333ns15:EnglandWales2023-04-012024-03-3107025333ns14:PoundSterling2023-04-012024-03-3107025333ns10:Director12023-04-012024-03-3107025333ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107025333ns10:SmallEntities2023-04-012024-03-3107025333ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107025333ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107025333ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107025333ns10:FullAccounts2023-04-012024-03-3107025333ns10:OrdinaryShareClass12023-04-012024-03-3107025333ns10:RegisteredOffice2023-04-012024-03-3107025333ns5:CurrentFinancialInstruments2024-03-3107025333ns5:CurrentFinancialInstruments2023-03-3107025333ns5:Non-currentFinancialInstruments2024-03-3107025333ns5:Non-currentFinancialInstruments2023-03-3107025333ns5:ShareCapital2024-03-3107025333ns5:ShareCapital2023-03-3107025333ns5:RetainedEarningsAccumulatedLosses2024-03-3107025333ns5:RetainedEarningsAccumulatedLosses2023-03-3107025333ns5:PlantMachinery2023-03-3107025333ns5:ComputerEquipment2023-03-3107025333ns5:PlantMachinery2023-04-012024-03-3107025333ns5:ComputerEquipment2023-04-012024-03-3107025333ns5:PlantMachinery2024-03-3107025333ns5:ComputerEquipment2024-03-3107025333ns5:PlantMachinery2023-03-3107025333ns5:ComputerEquipment2023-03-3107025333ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107025333ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107025333ns5:DeferredTaxation2023-03-3107025333ns5:DeferredTaxation2024-03-3107025333ns10:OrdinaryShareClass12024-03-31070253331ns10:Director12023-03-31070253331ns10:Director12022-03-31070253331ns10:Director12023-04-012024-03-31070253331ns10:Director12022-04-012023-03-31070253331ns10:Director12024-03-31070253331ns10:Director12023-03-31
REGISTERED NUMBER: 07025333 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

115TH DREAM LIMITED

115TH DREAM LIMITED (REGISTERED NUMBER: 07025333)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


115TH DREAM LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: S Hopkins





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 07025333 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

115TH DREAM LIMITED (REGISTERED NUMBER: 07025333)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,108 5,993

CURRENT ASSETS
Debtors 5 2,878 21,676
Cash at bank 28,904 8,900
31,782 30,576
CREDITORS
Amounts falling due within one year 6 (15,773 ) (19,181 )
NET CURRENT ASSETS 16,009 11,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,117

17,388

CREDITORS
Amounts falling due after more than one
year

7

(11,746

)

(13,092

)

PROVISIONS FOR LIABILITIES 8 (500 ) (797 )
NET ASSETS 7,871 3,499

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 7,771 3,399
SHAREHOLDERS' FUNDS 7,871 3,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

115TH DREAM LIMITED (REGISTERED NUMBER: 07025333)

Balance Sheet - continued
31 March 2024


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 31 July 2024 and were signed by:





S Hopkins - Director


115TH DREAM LIMITED (REGISTERED NUMBER: 07025333)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

115th 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.

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.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.
Revenue is recognised as contract activity for Radio And Television Activities progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

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

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

Equipment- 25% reducing balance
Computer equipment- 33% on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year 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 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.

115TH DREAM LIMITED (REGISTERED NUMBER: 07025333)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 April 2023 23,807 6,328 30,135
Additions 371 - 371
Disposals (8,365 ) - (8,365 )
At 31 March 2024 15,813 6,328 22,141
DEPRECIATION
At 1 April 2023 17,824 6,318 24,142
Charge for year 1,256 10 1,266
Eliminated on disposal (7,375 ) - (7,375 )
At 31 March 2024 11,705 6,328 18,033
NET BOOK VALUE
At 31 March 2024 4,108 - 4,108
At 31 March 2023 5,983 10 5,993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,740
Other debtors 2,878 19,936
2,878 21,676

115TH DREAM LIMITED (REGISTERED NUMBER: 07025333)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,282 3,249
Trade creditors 535 509
Taxation and social security 10,655 12,272
Other creditors 1,301 3,151
15,773 19,181

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,746 13,092

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 500 797

Deferred
tax
£   
Balance at 1 April 2023 797
Deferred tax (297 )
Balance at 31 March 2024 500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S Hopkins
Balance outstanding at start of year 19,936 8,977
Amounts advanced 13,473 21,150
Amounts repaid (30,531 ) (10,191 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,878 19,936

115TH DREAM LIMITED (REGISTERED NUMBER: 07025333)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Director's loan is charged at 2% interest to 5 April 2023, 2.25% from 6 April 2023 and the loan is repayable on demand.