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Registration number: 09505914

Dare2Dream 15 Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Dare2Dream 15 Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Dare2Dream 15 Ltd

(Registration number: 09505914)
Statement of Financial Position as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

43,656

43,656

Current assets

 

Debtors

5

449,903

467,603

Cash at bank and in hand

 

20,081

4,076

 

469,984

471,679

Creditors: Amounts falling due within one year

6

(284,195)

(284,417)

Net current assets

 

185,789

187,262

Net assets

 

229,445

230,918

Capital and reserves

 

Called up share capital

100

100

Retained earnings

229,345

230,818

Shareholders' funds

 

229,445

230,918

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Dare2Dream 15 Ltd

(Registration number: 09505914)
Statement of Financial Position as at 31 May 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr S M Rossell
Director

.........................................
Mr D C Rogers
Director

 

Dare2Dream 15 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit G1
50 Alderley Road
Wilmslow
Cheshire
SK9 1NY

These financial statements were authorised for issue by the Board on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Dare2Dream 15 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Dare2Dream 15 Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

43,656

43,656

Subsidiaries

£

Cost or valuation

At 1 June 2023

43,656

Provision

Carrying amount

At 31 May 2024

43,656

At 31 May 2023

43,656

5

Debtors

Current

2024
£

2023
£

Amounts owed by related parties

446,873

464,573

Other debtors

3,030

3,030

 

449,903

467,603

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

1,612

Accruals and deferred income

 

2,765

1,375

Other creditors

7

281,430

281,430

 

284,195

284,417

7

Related party transactions

Included in other creditors is a loan from director D C Rogers totalling £281,430 (2023: £281,430).