Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01falsefalseNo description of principal activity32truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01825350 2023-10-01 2024-09-30 01825350 2022-10-01 2023-09-30 01825350 2024-09-30 01825350 2023-09-30 01825350 c:Director2 2023-10-01 2024-09-30 01825350 d:Buildings 2023-10-01 2024-09-30 01825350 d:Buildings 2024-09-30 01825350 d:Buildings 2023-09-30 01825350 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01825350 d:PlantMachinery 2023-10-01 2024-09-30 01825350 d:PlantMachinery 2024-09-30 01825350 d:PlantMachinery 2023-09-30 01825350 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01825350 d:OfficeEquipment 2023-10-01 2024-09-30 01825350 d:OfficeEquipment 2024-09-30 01825350 d:OfficeEquipment 2023-09-30 01825350 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01825350 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01825350 d:CurrentFinancialInstruments 2024-09-30 01825350 d:CurrentFinancialInstruments 2023-09-30 01825350 d:Non-currentFinancialInstruments 2024-09-30 01825350 d:Non-currentFinancialInstruments 2023-09-30 01825350 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01825350 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01825350 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 01825350 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 01825350 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 01825350 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 01825350 d:ShareCapital 2024-09-30 01825350 d:ShareCapital 2023-09-30 01825350 d:RetainedEarningsAccumulatedLosses 2024-09-30 01825350 d:RetainedEarningsAccumulatedLosses 2023-09-30 01825350 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 01825350 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 01825350 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 01825350 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 01825350 d:OtherDeferredTax 2024-09-30 01825350 d:OtherDeferredTax 2023-09-30 01825350 c:OrdinaryShareClass1 2023-10-01 2024-09-30 01825350 c:OrdinaryShareClass1 2024-09-30 01825350 c:OrdinaryShareClass1 2023-09-30 01825350 c:FRS102 2023-10-01 2024-09-30 01825350 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01825350 c:FullAccounts 2023-10-01 2024-09-30 01825350 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01825350 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01825350










DREAMLODGE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024



 
DREAMLODGE LIMITED
REGISTERED NUMBER: 01825350

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
6,629,745

  
-
6,629,745

Current assets
  

Debtors: amounts falling due within one year
 5 
8,366,174
6,511,289

Cash at bank and in hand
  
10,378
73,066

  
8,376,552
6,584,355

Current Liabilities
  

Creditors: amounts falling due within one year
 6 
(14,494)
(25,938)

Net current assets
  
 
 
8,362,058
 
 
6,558,417

Total assets less current liabilities
  
8,362,058
13,188,162

Creditors: amounts falling due after more than one year
 7 
(8,183,422)
(9,420,922)

Provisions for liabilities
  

Deferred tax
 9 
-
(250,075)

  
 
 
-
 
 
(250,075)

Net assets
  
178,636
3,517,165


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
178,536
3,517,065

  
178,636
3,517,165


Page 1

 
DREAMLODGE LIMITED
REGISTERED NUMBER: 01825350

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R F W Gwyn-Jones
Director

Date: 11 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DREAMLODGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Dreamlodge Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Communications Road, Greenham Business Park, Newbury, Berkshire, RG19 6AB.
The principal activity of the company continued to be that of farming and rental income from farm property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

On 19th September 2024 the trade, fixed assets and bank loan were all transferred to the parent company, Hamstead Park Farm Estate Limited, and the company has remained dormant since.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable during the year, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

Page 3

 
DREAMLODGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
not considered necessary (below)
Plant and machinery
-
25%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

In the opinion of the director, no depreciation charge on the company's freehold buildings is considered necessary. The buildings have always been, and it is intended that they always will be, maintained in very good working order. Any depreciation is considered negligible, as the useful economic life of the buildings is likely to be in excess of a 50 year period and they are not expected to become obsolete duing the period.

Page 4

 
DREAMLODGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 5

 
DREAMLODGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Office equipment
Total

£
£
£
£





At 1 October 2023
6,600,417
175,370
1,297
6,777,084


Additions
-
11,995
-
11,995


Disposals
(6,600,417)
(187,365)
(1,297)
(6,789,079)



At 30 September 2024

-
-
-
-





At 1 October 2023
-
146,893
446
147,339


Charge for the year on owned assets
-
10,118
213
10,331


Disposals
-
(157,011)
(659)
(157,670)



At 30 September 2024

-
-
-
-



Net book value



At 30 September 2024
-
-
-
-



At 30 September 2023
6,600,417
28,477
851
6,629,745

Page 6

 
DREAMLODGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Amounts owed by parent company
6,857,882
-

Amounts owed by joint ventures and associated undertakings
-
6,501,260

Other debtors
1,507,737
8,991

Prepayments and accrued income
555
1,038

8,366,174
6,511,289



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Other taxation and social security
2,918
9,694

Other creditors
1,979
4,172

Accruals and deferred income
9,597
12,072

14,494
25,938



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
1,237,500

Other creditors
8,183,422
8,183,422


The following liabilities were secured:

2024
2023
£
£



Bank loans
-
1,237,500



Page 7

 
DREAMLODGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
-
1,237,500

-
1,237,500

-
1,237,500



9.


Deferred taxation




2024


£






At beginning of year
(250,075)


Charged to profit or loss
250,075



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
(7,047)

Tax losses carried forward
-
78,758

Freehold property gains
-
(321,786)

-
(250,075)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


Page 8

 
DREAMLODGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Related party transactions

Included in amounts owed by parent company is the balance of £6,857,882 (2023: £Nil). These are interest free loans with no set repayment dates.
At the balance sheet date the director was owed £1,340 (2023: £3,460). An interest free loan with no set repayment date.


12.


Controlling party

The immediate and ultimate parent company and controlling party is Hamstead Park Farm Estate Limited.


Page 9