Right to Dream Services Limited 13173455 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of football support services Digita Accounts Production Advanced 6.30.9574.0 true false true 13173455 2024-01-01 2024-12-31 13173455 2024-12-31 13173455 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13173455 bus:SmallEntities 2024-01-01 2024-12-31 13173455 bus:Audited 2024-01-01 2024-12-31 13173455 bus:FilletedAccounts 2024-01-01 2024-12-31 13173455 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13173455 bus:RegisteredOffice 2024-01-01 2024-12-31 13173455 bus:Director2 2024-01-01 2024-12-31 13173455 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13173455 1 2024-01-01 2024-12-31 13173455 countries:AllCountries 2024-01-01 2024-12-31 13173455 2023-01-01 2023-12-31 13173455 2023-12-31 13173455 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 13173455

Right to Dream Services Limited

Financial Statements

for the Year Ended 31 December 2024

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

Right to Dream Services Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3 to 5

 

Right to Dream Services Limited

Company Information

Director

D Dickinson

Registered office

130 Shaftesbury Avenue
London
W1D 5EU

Auditor

Brebners
Chartered Accountants & Statutory Auditor
130 Shaftesbury Avenue
London
W1D 5AR

 

Right to Dream Services Limited

Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Creditors: Amounts falling due within one year

5

(3,826,018)

(2,018,645)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(3,826,118)

(2,018,745)

Shareholders' deficit

 

(3,826,018)

(2,018,645)

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

Approved and authorised by the director on 17 June 2025
 

.........................................

D Dickinson

Director

Company registration number: 13173455

 

Right to Dream Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
130 Shaftesbury Avenue
London
W1D 5EU

The principal activity of the company is that of the provision of football related support services.

2

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 17 June 2025 was Martin Widdowson, who signed for and on behalf of Brebners.

3

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a loss for the year ended 31 December 2024 and had a deficiency of net assets at that date amounting to £3,826,018.

The company is reliant on the financial support of the group. At this date an amount of £3,650,764 was due to the parent undertaking who has confirmed that it will continue to support the company until such time as it has sufficient working capital as the company's support services are key to the group's activities. The group has also undertaken to provide further working capital as required.

After making enquiries, the directors have a reasonable expectation that the company have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis when preparing the financial statements.

 

Right to Dream Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Income from support services is recognised over the period to which the services relate.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4

Staff numbers

The average number of persons employed by the company during the year, was 5 (2023 - 8).

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Amounts owed to group undertakings

3,650,764

1,741,318

Other creditors

175,254

277,327

3,826,018

2,018,645

6

Related party transactions

In accordance with FRS102 paragraph IAC.35, exemption is taken not to disclose transactions in the year or amounts falling due between undertakings where 100% of the voting rights are controlled within the group.

 

Right to Dream Services Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Parent and ultimate parent undertaking

The smallest group preparing group accounts incorporating the results of the company is headed by Right to Dream Limited. The registered address of Right to Dream Limited is 130 Shaftesbury Avenue, 2nd Floor, London, W1D 5EU.