Company registration number 14014772 (England and Wales)
THE DREAMING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
THE DREAMING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THE DREAMING LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
35,214
30,059
Current assets
Debtors
4
9,367
Cash at bank and in hand
54,200
13,234
63,567
13,234
Creditors: amounts falling due within one year
5
(910,307)
(750,843)
Net current liabilities
(846,740)
(737,609)
Net liabilities
(811,526)
(707,550)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(811,626)
(707,650)
Total equity
(811,526)
(707,550)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 12 August 2025
C Church
Director
Company registration number 14014772 (England and Wales)
THE DREAMING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information
The Dreaming Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Dragon House Princes Way, Bridgend Industrial Estate, Bridgend, Wales, CF31 3AQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “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 FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the rendering of services in the normal course of business, and is shown net of discounts and VAT.
Rendering of services - revenue is recognised when the retreat takes place.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
THE DREAMING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments
Basic financial assets
Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
Basic financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
34,115
Additions
11,600
At 31 March 2025
45,715
Depreciation and impairment
At 1 April 2024
4,056
Depreciation charged in the year
6,445
At 31 March 2025
10,501
Carrying amount
At 31 March 2025
35,214
At 31 March 2024
30,059
THE DREAMING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,367
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
17,739
23,432
Taxation and social security
23,643
24,160
Other creditors
868,925
703,251
910,307
750,843
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Related party transactions
During the year, £51,996 (2024: £12,999) of management recharges were paid to Charlotte Church Ltd, a company under common control. At the balance sheet date, the company owed £516,563 (2024: £454,167) to Charlotte Church Ltd. This loan is interest free and repayable on demand.
At the balance sheet date, the company owed £93,586 (2024: £93,586) to Chick Flicks Ltd, a company under common control. This loan is interest free and repayable on demand.