Company Registration No. 11379368 (England and Wales)
Sea Dreamers Limited
Unaudited accounts
for the year ended 31 May 2024
Sea Dreamers Limited
Unaudited accounts
Contents
Sea Dreamers Limited
Company Information
for the year ended 31 May 2024
Directors
Andrea Velletrani
Giave Limited
Farhan Munir
Company Number
11379368 (England and Wales)
Registered Office
2ND FLOOR
22 EASTCHEAP
LONDON
EC3M 1EU
UNITED KINGDOM
Sea Dreamers Limited
Statement of financial position
as at 31 May 2024
Investments
3,667,051
3,511,886
Cash at bank and in hand
763
49,437
Creditors: amounts falling due within one year
(71,571)
(88,839)
Net current liabilities
(70,808)
(39,402)
Net assets
3,596,243
3,472,484
Called up share capital
100
100
Profit and loss account
3,596,143
3,472,384
Shareholders' funds
3,596,243
3,472,484
For the year ending 31 May 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by
Andrea Velletrani
Director
Company Registration No. 11379368
Sea Dreamers Limited
Notes to the Accounts
for the year ended 31 May 2024
Sea Dreamers Limited is a private company, limited by shares, registered in England and Wales, registration number 11379368. The registered office is 2ND FLOOR, 22 EASTCHEAP, LONDON, EC3M 1EU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The Company's functional currency is £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value.
The Directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the Company's ability to continue as a going concern.
4
Investments
Other investments
Valuation at 1 June 2023
3,511,886
Valuation at 31 May 2024
3,667,051
Investments held in Planet Holding Ltd: £3,383.496;
Investment held in NewCleo Ltd Capital: £128,390;
Investment held in WeRoad Srl: £155,165.
Sea Dreamers Limited
Notes to the Accounts
for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
69,316
83,919
Within other creditors there's an amount of £ 69,316 (2023: £83,919) owed to shareholder Susanna Marchionni.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).