Company registration number 11368968 (England and Wales)
DREAMPOSTCODE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
DREAMPOSTCODE LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 7
DREAMPOSTCODE LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 1 -

The directors present their annual report and financial statements for the year ended 30 November 2023.

Principal activities

The principal activity of the company continued to be that of Buying and selling of own real estate.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr V Srivastava
Mrs M V Srivastava
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr V Srivastava
Director
29 November 2024
DREAMPOSTCODE LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,179,484
1,933,223
Current assets
Debtors
5
8,826
2,500
Cash at bank and in hand
1
76,392
8,827
78,892
Creditors: amounts falling due within one year
6
(275,010)
(236,826)
Net current liabilities
(266,183)
(157,934)
Total assets less current liabilities
1,913,301
1,775,289
Creditors: amounts falling due after more than one year
7
(1,956,720)
(1,770,890)
Net (liabilities)/assets
(43,419)
4,399
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(43,519)
4,299
Total equity
(43,419)
4,399

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 November 2024 and are signed on its behalf by:
Mr V  Srivastava
Director
Company registration number 11368968 (England and Wales)
DREAMPOSTCODE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

Dreampostcode Limited is a private company limited by shares incorporated in England and Wales. The registered office is Rear of 17 Plantagenet Road, Barnet, Hertfordshire, EN5 5JG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Plant and equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

DREAMPOSTCODE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
DREAMPOSTCODE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 December 2022
1,931,260
5,269
1,936,528
Additions
246,753
-
0
246,753
At 30 November 2023
2,178,012
5,269
2,183,281
Depreciation and impairment
At 1 December 2022
-
0
3,306
3,306
Depreciation charged in the year
-
0
491
491
At 30 November 2023
-
0
3,797
3,797
Carrying amount
At 30 November 2023
2,178,012
1,472
2,179,484
At 30 November 2022
1,931,260
1,963
1,933,223
DREAMPOSTCODE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
4
Tangible fixed assets
(Continued)
- 6 -

Land & Building includes residential properties purchased during the previous year.

 

1)    Together Money has secured charges against the property situated at 28, Castlewood Road,     Liverpool, L6 5AL.

 

2)    Together Money has secured charges against the property situated at 30, Stalmine Road,         Liverpool, L9 1BZ.

 

3)    Alternative bridging Corporation limited has secured charges against the property situated at 42,     Cedardale Road, Liverpool, L9 2BQ.

 

4)    Alternative bridging Corporation limited has secured charges against the property situated at 31,     Cambria Street, Liverpool, L6 6AP.

 

5)    Alternative bridging Corporation limited has secured charges against the property situated at 35,     Chaucer Close, Tilbury, RM18 8EG

 

6)    Precise Mortgage has secured charges against the property situated at 7, Howard Street,         Deeside, CH5 4QQ.

 

7)    Paragon Bank has secured charges against the property situated at 4, Glynne Street,         Deeside, CH5 1TA.

 

8)    Landbay Partners limited has secured charges against the property situated at 44, Lipson Road,     Paymouth, PL4 8PW.

 

9)    State Bank of India (UK) Limited has secured charges against the property situated at 66, Elm Road,     Liverpool, L21 1BL.

 

Land & Building includes residential properties purchased during the year.

 

10)    CPF one Limited has secured charges against the property situated at 50, Elm Road,     Liverpool, L21 1BL.

 

 

5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
8,826
2,500
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
2,428
2,428
Other creditors
272,582
234,398
275,010
236,826
DREAMPOSTCODE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 7 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,256,658
1,165,847
Other creditors
700,062
605,043
1,956,720
1,770,890

The Bank loans includes loan received from Fleet Mortgage Ltd of £132,250 (Previous year £132,250), loan from Landby Partners of £314,160 (Previous year £314,160), Loan from State bank of India of £487,050 (Previous year was £487,050), loan from Paragon Bank of £108,685 (Previous year of £108,685), loan from Precise Mortage of £80,078 (Previous year £80,078), and loan from CPF One limited of £96,745 (Previous year - NIl) secured against property purchased.

 

The Bank Loans also includes Bounce back loan of £37,690 (Previous year £43,624).

 

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