Registered number
10447710
DREAM & CO FICTIONS LTD
Filleted Accounts
30 April 2024
DREAM & CO FICTIONS LTD
Registered number: 10447710
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Stocks 2,806 4,839
Debtors 3 9 -
Cash at bank 1,837 1,033
4,652 5,872
Creditors: amounts falling due within one year 4 (16,657) (15,134)
Net current liabilities (12,005) (9,262)
Net liabilities (12,005) (9,262)
Capital and reserves
Called up share capital 500 500
Profit and loss account (12,505) (9,762)
Shareholder's funds (12,005) (9,262)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 and delivered 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.
…....................
Ania Nakov
Director
Approved by the board on 11 February 2025
DREAM & CO FICTIONS LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Stocks
Stocks comprise film production costs, which are recorded as a current asset. Film production costs are amortised to the Statement of Income and Retained Earnings over the period in which rights to the relevant production are being exploited by the Company.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice 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.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabiities like trade and other debtors and creditors, and loan to related parties.
Going Concern
At the reporting date the company had net liabilites of £12,005 and is dependent on the support of its director who has confirmed her intention to support the company. As a result the director believes it is appropriate to prepare the accounts on the going concern basis. The financial statements do not include adjustments that would result from the withdrawal of this financial support.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Other debtors 9 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 16,657 15,134
5 Related party transactions
At the reporting date, £15,908 (2023: £14,134) was due to A Nakov, the director of the company. All transactions were carried out at arms length. The loan is repayable on demand and not interest bearing.
6 Controlling party
During the year, the company was under the control of A Nakov by virtue of her shareholding.
7 Other information
DREAM & CO FICTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
31 Magdalene Street
Cambridge
Cambridgeshire
CB3 0AF
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