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REGISTERED NUMBER: 13132953 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DARBY DREAMS LIMITED

DARBY DREAMS LIMITED (REGISTERED NUMBER: 13132953)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


DARBY DREAMS LIMITED (REGISTERED NUMBER: 13132953)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,267 10,667
Investments 5 289,336 218,869
299,603 229,536

CREDITORS
Amounts falling due within one year 6 219,633 237,542
NET CURRENT LIABILITIES (219,633 ) (237,542 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,970

(8,006

)

PROVISIONS FOR LIABILITIES 7 2,500 2,300
NET ASSETS/(LIABILITIES) 77,470 (10,306 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 77,469 (10,307 )
77,470 (10,306 )

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 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 21 January 2025 and were signed on its behalf by:





M E Darby - Director


DARBY DREAMS LIMITED (REGISTERED NUMBER: 13132953)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Darby Dreams Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13132953

Registered office: 15 West Street
Brighton
East Sussex
BN1 2RL

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 is recognised to the extent that it is probable that the economic benefits will flow to the company and can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

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

Fixtures and fittings5 years straight line
Computer equipment5 years straight line

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

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

DARBY DREAMS LIMITED (REGISTERED NUMBER: 13132953)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Going concern
Based on the director's review of the company's expected performance and projected cash flows, the directors have concluded that these financial statements should be prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 4,860 8,292 13,152
Additions - 2,405 2,405
At 31 March 2024 4,860 10,697 15,557
DEPRECIATION
At 1 April 2023 813 1,672 2,485
Charge for year 973 1,832 2,805
At 31 March 2024 1,786 3,504 5,290
NET BOOK VALUE
At 31 March 2024 3,074 7,193 10,267
At 31 March 2023 4,047 6,620 10,667

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 218,869
Additions 70,467
At 31 March 2024 289,336
NET BOOK VALUE
At 31 March 2024 289,336
At 31 March 2023 218,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 22,062 -
Other creditors 197,571 237,542
219,633 237,542

Included within other creditors are amounts of £196,372 (2023: £236,821) owed to the directors. This amount is interest-free and repayable on demand.

DARBY DREAMS LIMITED (REGISTERED NUMBER: 13132953)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,500 2,300

Deferred
tax
£   
Balance at 1 April 2023 2,300
Provided during year 200
Balance at 31 March 2024 2,500

8. CAPITAL COMMITMENTS

At 31 March 2024, the company was committed to further investment of £285,398 (2023: £281,131) into a managed investment fund. Any increase will be funded by an increase in directors loan.