Registration number: 03120732

DREAMHOUSE LIMITED

Contents

Company Information	1
Director's Report	2
Profit and Loss Account	3
Statement of Comprehensive Income	4
Balance Sheet	5
Statement of Changes in Equity	6
Notes to the Unaudited Financial Statements	7 to 9

DREAMHOUSE LIMITED

Company Information

Director

Ms Andreea Ecaterina Mocanu

Registered office

3 The Shrubberies George Lane London E18 1BD

Accountants

Accounting 2 Trend Ltd 3 The Shrubberies George Lane London E18 1BD

DREAMHOUSE LIMITED

Director's Report for the Year Ended 31 December 2024

The director presents her report and the financial statements for the year ended 31 December 2024.

Director of the company

The director who held office during the year was as follows:

Ms Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of an investment holding company.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 29 September 2025
 

......................................... Ms Andreea Ecaterina Mocanu Director

DREAMHOUSE LIMITED

Profit and Loss Account for the Year Ended 31 December 2024

	Note	2024 €	2023 €
Turnover		2,980	3,017
Gross profit		2,980	3,017
Administrative expenses		(95,899)	(76,854)
Other operating income		-	154
Operating loss		(92,919)	(73,683)
Interest payable and similar expenses		6,912	(5,344)
Loss before tax		(86,007)	(79,027)
Tax on loss		(6,231)	(6,133)
Loss for the financial year		(92,238)	(85,160)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

DREAMHOUSE LIMITED

Statement of Comprehensive Income for the Year Ended 31 December 2024

	2024 €	2023 €
Loss for the year	(92,238)	(85,160)
Total comprehensive income for the year	(92,238)	(85,160)

DREAMHOUSE LIMITED

(Registration number: 03120732)
Balance Sheet as at 31 December 2024

	Note	2024 €	2023 €
Fixed assets
Investment property	4	1,960,256	1,960,256
Current assets
Cash at bank and in hand		22,375	116,066
Creditors: Amounts falling due within one year	5	(3,474,832)	(3,476,285)
Net current liabilities		(3,452,457)	(3,360,219)
Net liabilities		(1,492,201)	(1,399,963)
Capital and reserves
Called up share capital	6	34,863	34,863
Retained earnings		(1,527,064)	(1,434,826)
Shareholders' deficit		(1,492,201)	(1,399,963)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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’.

Approved and authorised by the director on 29 September 2025
 

......................................... Ms Andreea Ecaterina Mocanu Director

DREAMHOUSE LIMITED

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital €	Profit and loss account €	Total €
At 1 January 2024	34,863	(1,434,826)	(1,399,963)
Loss for the year	-	(92,238)	(92,238)
Total comprehensive income	-	(92,238)	(92,238)
At 31 December 2024	34,863	(1,527,064)	(1,492,201)

	Share capital €	Retained earnings €	Total €
At 1 January 2023	34,863	(1,349,666)	(1,314,803)
Loss for the year	-	(85,160)	(85,160)
At 31 December 2023	34,863	(1,434,826)	(1,399,963)

DREAMHOUSE LIMITED

Notes to the Unaudited 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.

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the director on 29 September 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

DREAMHOUSE LIMITED

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

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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 the director) during the year, was 1 (2023 - 1).

4	Investment properties

	2024 €
At 1 January	1,960,256
At 31 December	1,960,256

There has been no valuation of investment property by an independent valuer.

DREAMHOUSE LIMITED

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

5

Creditors

Creditors: amounts falling due within one year

	2024 €	2023 €
Due within one year
Accruals and deferred income	1,493	1,431
Other creditors	3,473,339	3,474,854
	3,474,832	3,476,285

6	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	€	No.	€
Ordinary shares of €1 each	34,863	34,863	34,863	34,863

7	Related party transactions

Loans from related parties

2024	Other related parties €	Total €
At start of period	3,470,972	3,470,972
At end of period	3,470,972	3,470,972

2023	Other related parties €	Total €
At start of period	3,300,972	3,300,972
Advanced	170,000	170,000
At end of period	3,470,972	3,470,972

Terms of loans from related parties

Shareholder's loan, no interest, repayable on demand