Registration number: 14256517

Dream Lab Studio Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Dream Lab Studio Ltd

(Registration number: 14256517)
Balance Sheet as at 30 September 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		937		1,633
Current assets
Debtors	5	63,988		29,445
Cash at bank and in hand		51,289		25,854
		115,277		55,299
Creditors: Amounts falling due within one year	6	(101,773)		(56,731)
Net current assets/(liabilities)			13,504		(1,432)
Net assets			14,441		201
Capital and reserves
Called up share capital		1		1
Profit and loss account		14,440		200
Total equity			14,441		201

For the financial year ending 30 September 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 July 2026
 

......................................... Miss L M McLoughlin Director

Dream Lab Studio Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2025

1	General information

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

The address of its registered office is:
7 Bell Yard
London
WC2A 2JR
England

These financial statements were authorised for issue by the director on 13 July 2026.

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.

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.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Dream Lab Studio Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	25% Straight Line

Borrowings

Dream Lab Studio Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2024	2,786	2,786
At 30 September 2025	2,786	2,786
Depreciation
At 1 October 2024	1,153	1,153
Charge for the year	696	696
At 30 September 2025	1,849	1,849
Carrying amount
At 30 September 2025	937	937
At 30 September 2024	1,633	1,633

Dream Lab Studio Ltd

Notes to the Unaudited Financial Statements For The Year Ended 30 September 2025

5

Debtors

	2025 £	2024 £
Trade debtors	21,360	-
Amounts owed by related party	3,100	2,700
Other debtors	39,528	26,745
	63,988	29,445

Included within other debtors is an amount of £34,741 (£21,321 2024) owed by the director, this amount is repaid within 9 months of the year end.

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	9,045	7,900
Trade creditors		12,000	-
Taxation and social security		77,013	47,231
Other creditors		3,715	1,600
		101,773	56,731

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	9,045	7,900