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REGISTERED NUMBER: 06947173 (England and Wales)


















FUTURE DREAMS PARTNERSHIP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






FUTURE DREAMS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06947173)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FUTURE DREAMS PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J B Evans
Mr J D Evans





REGISTERED OFFICE: Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW





REGISTERED NUMBER: 06947173 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

FUTURE DREAMS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06947173)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 718 517

CURRENT ASSETS
Stocks 95,250 92,250
Debtors 5 150 755
Cash at bank 1,627 -
97,027 93,005
CREDITORS
Amounts falling due within one year 6 287,851 276,642
NET CURRENT LIABILITIES (190,824 ) (183,637 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(190,106

)

(183,120

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (190,108 ) (183,122 )
SHAREHOLDERS' FUNDS (190,106 ) (183,120 )

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

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

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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mr J B Evans - Director


FUTURE DREAMS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06947173)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Future Dreams Partnership 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.

The directors have a reasonable expectation that the company has access to adequate funding, as well as the ongoing support of its directors and their close family members, for it to continue trading for the foreseeable future. Therefore the directors continue to adopt the going concern basis of accounting.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 537
Additions 330
At 31 December 2023 867
DEPRECIATION
At 1 January 2023 20
Charge for year 129
At 31 December 2023 149
NET BOOK VALUE
At 31 December 2023 718
At 31 December 2022 517

FUTURE DREAMS PARTNERSHIP LIMITED (REGISTERED NUMBER: 06947173)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 150 755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,293
Trade creditors 1,082 2,391
Other creditors 286,769 272,958
287,851 276,642

7. ULTIMATE CONTROLLING PARTY

The controlling party is its directors.