DREAM HOTELS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
527,787
356,504
Cash at bank and in hand
1,611
1,784
Creditors: amounts falling due within one year
(1,708,047)
(595,079)
Net current assets/(liabilities)
260,344
(242,775)
Total assets less current liabilities
788,131
113,729
Creditors: amounts falling due after more than one year
(517,570)
-
Net assets
270,561
113,729
Called up share capital
100
-
Profit and loss account
270,461
113,729
Shareholders' funds
270,561
113,729
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
BHANDARI, Vijay Singh
Director
Company Registration No. 13954281
DREAM HOTELS LTD
Notes to the Accounts
for the year ended 31 December 2024
DREAM HOTELS LTD is a private company, limited by shares, registered in England and Wales, registration number 13954281. The registered office is 11 MARLSTON, MUNSTER SQUARE, LONDON, NW1 3PP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
285,903
49,347
76,968
412,218
Additions
237,326
-
22,420
259,746
At 31 December 2024
523,229
49,347
99,388
671,964
At 1 January 2024
35,385
4,935
15,394
55,714
Charge for the year
62,008
9,869
16,586
88,463
At 31 December 2024
97,393
14,804
31,980
144,177
At 31 December 2024
425,836
34,543
67,408
527,787
At 31 December 2023
250,518
44,412
61,574
356,504
DREAM HOTELS LTD
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
587,882
350,520
Amounts due from group undertakings etc.
1,329,359
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,993
1,379
Obligations under finance leases and hire purchase contracts
40,841
-
Trade creditors
353,511
168,747
Amounts owed to group undertakings and other participating interests
818,711
-
Taxes and social security
157,068
170,290
Other creditors
37,740
254,663
Loans from directors
101,020
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
The company has transactions with related parties, which are entities under common control and directorships. These transactions primarily relate to intercompany funding, management charges, and the settlement of expenses on behalf of group and related entities.
At 31 December 2024, the company had material balances outstanding with certain related parties. These included amounts payable of £472,909 to Kingfisher Apartments Ltd and £345,242 to B Square Assets Ltd, together with amounts receivable of £264,221 from Farnham Assets Ltd, £253,346 from Cumberland Assets Ltd, and £194,871 from Acorn Assets Ltd.
Other intercompany balances exist, but these are not considered material individually and have therefore not been separately disclosed.
All balances are unsecured, interest free and repayable on demand. No guarantees have been given or received in respect of these balances.
9
Average number of employees
During the year the average number of employees was 15 (2023: 0).