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AND DREAM OF SHEEP LTD

Registered Number
13677589
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

AND DREAM OF SHEEP LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

DRAYCOTT, Simon

Registered Address

1 Gemini Court, 42a Throwley Way
Sutton
SM1 4AF

Registered Number

13677589 (England and Wales)
AND DREAM OF SHEEP LTD
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3413550
Investment property4910,774910,774
911,187911,324
Current assets
Cash at bank and on hand9612,306
9612,306
Creditors amounts falling due within one year5(617,890)(640,972)
Net current assets (liabilities)(616,929)(638,666)
Total assets less current liabilities294,258272,658
Creditors amounts falling due after one year6(249,057)(259,155)
Provisions for liabilities8(518)(105)
Net assets44,68313,398
Capital and reserves
Called up share capital100100
Profit and loss account44,58313,298
Shareholders' funds44,68313,398
The financial statements were approved and authorised for issue by the Director on 19 June 2025, and are signed on its behalf by:
DRAYCOTT, Simon
Director
Registered Company No. 13677589
AND DREAM OF SHEEP LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
Basis of preparation
The financial statements have been prepared under the historical cost convention, unless otherwise specified within accounting policies. The principal accounting policies adopted are set out below.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Current taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 November 23978978
At 31 October 24978978
Depreciation and impairment
At 01 November 23428428
Charge for year137137
At 31 October 24565565
Net book value
At 31 October 24413413
At 31 October 23550550
4.Investment property
Investment properties were valued on an open market basis on 31 October 2024 by the director.

£
Fair value at 01 November 23910,774
At 31 October 24910,774
5.Creditors: amounts due within one year

2024

2023

££
Other creditors617,890640,972
Total617,890640,972
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts249,057259,155
Total249,057259,155
7.Creditors: amounts due after 5 years
Repayable otherwise than by instalments Bank Loans more 5 yrs non - inst : 2024 - £249,057 (2023 - £259,155)
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)518105
Total518105
9.Further information regarding the company's financial position
Charges on the company There is a charge on the company from Kent Reliance over Flat 4.