Dreamstation Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04467730

Dreamstation Limited

Filleted Unaudited Financial Statements

30 September 2025

Dreamstation Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	4		300,000	725,291

Current assets

Cash at bank and in hand	158		158

Creditors: amounts falling due within one year	5	861,441		721,441
		---------		---------
Net current liabilities			861,283	721,283
			---------	---------
Total assets less current liabilities			( 561,283)	4,008
			---------	-------

Capital and reserves

Called up share capital	6	100	100
Capital redemption reserve	7	15	15
Reserve for own shares	7	( 140,000)	–
Profit and loss account	7	( 421,398)	3,893
		---------	-------
Shareholders (deficit)/funds		( 561,283)	4,008
		---------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 July 2026 , and are signed on behalf of the board by:

Mr W B Key
Director

Company registration number: 04467730

Dreamstation Limited

Statement of Changes in Equity

Year ended 30 September 2025

	Called up share capital	Capital redemption reserve	Reserve for own shares	Profit and loss account	Total
Note	£	£	£	£	£
At 1 October 2023	100	15	–	3,893	4,008

Profit for the year				50,000	50,000
	----	----	----	--------	--------
Total comprehensive income for the year	–	–	–	50,000	50,000

Dividends paid and payable	–	–	–	( 50,000)	( 50,000)
	----	----	----	--------	--------
Total investments by and distributions to owners	–	–	–	( 50,000)	( 50,000)

At 30 September 2024	100	15	–	3,893	4,008

Loss for the year				( 370,493)	( 370,493)
	----	----	----	---------	---------
Total comprehensive income for the year	–	–	–	( 370,493)	( 370,493)

Dividends paid and payable	–	–	–	( 54,798)	( 54,798)
Purchase of treasury shares	–	–	( 140,000)	–	( 140,000)
	----	----	---------	--------	---------
Total investments by and distributions to owners	–	–	( 140,000)	( 54,798)	( 194,798)

	----	----	---------	---------	---------
At 30 September 2025	100	15	( 140,000)	( 421,398)	( 561,283)
	----	----	---------	---------	---------

Dreamstation Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Clocktower, Greenhills Rural Enterprise Centre, Greenhills Estate, Tilford, Surrey, GU10 2DZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Valuation of subsidiary

The main asset of the company is its investment in its subsidiary, which is valued at cost less impairment. There are no investments held as current assets

Going concern

The company's main investment is its investment in subsidiary company. Its valuation is dependent on the profitablity of the subsidiary company. The subsidary has reported a deficit after dividend. Following a Management buyout in April 2025, the director has taken steps to restore overall profitablity of the company through cost containment and targeted marketing to strengthen its Revenue streams. The company has the full support of the director and shareholders to enable the company to continue trading for the foreseable future.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Dreamstation Limited

Notes to the Financial Statements (continued)

Year ended 30 September 2025

3. Accounting policies (continued)

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 October 2024 and 30 September 2025	725,291
	---------
Impairment
At 1 October 2024	–
Impairment losses	425,291
	---------
At 30 September 2025	425,291
	---------

Carrying amount
At 30 September 2025	300,000
	---------
At 30 September 2024	725,291
	---------

The company owns 100% of the issued share capital of the companies listed below:

Aggregate capital and reserves

	2025	2024
	£	£
Upgrade Options Limited	180,234	739,456
	---------	---------

Profit for the year

	2025	2024
	£	£
Upgrade Options Limited	(504,424)	55,375
	---------	--------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	861,441	721,441
	---------	---------

6. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	20	20	20	20
Ordinary B shares of £ 1 each	33	33	33	33
Ordinary C shares of £ 1 each	20	20	20	20
Ordinary D shares of £ 1 each	27	27	27	27
	----	----	----	----
	100	100	100	100
	----	----	----	----

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	20	20	20	20
Ordinary B shares of £ 1 each	33	33	33	33
Ordinary C shares of £ 1 each	20	20	20	20
Ordinary D shares of £ 1 each	27	27	27	27
	----	----	----	----
	100	100	100	100
	----	----	----	----

7. Reserves

	Share Capital	Capital redemption reserve	Profit and loss account	Reserve for own shares	Total shareholders'funds
	£	£	£	£	£
Balance brought forward	100	15	3,893	–	4,008
Loss for the year	–	–	(370,493)	–	(370,493)
Equity dividends	–	–	(54,798)	–	(54,798)
Puchase of Treasury shares	–	–	–	(140,000)	(140,000)
	----	----	---------	---------	---------
Balance carried forward	100	15	(421,398)	(140,000)	(561,283)
	----	----	---------	---------	---------

On 10th April 2025,the Company repurchased 53 Ordinary shares for total consideration of £140,000 from the outgoing shareholders.

8. Related party transactions

The company was under the control of Mr G Morrison and Mr W B Key throughout the current and previous year. Mr G Morrison resigned his directorship on 31st Dec 2024. The shares owned by Mr and Mrs G Morrison were acquired by the company on 10th April 2025 at market value. Dividend paid to the shareholders was £54,798(2024 £50,000).

9. Going concern

As part of the management buyout, Mr W B Key acquired the controlling interest in the company. The director has taken steps to contain costs and strengthen revenue streams of its trading subsidiary by targeted marketing. The director is confident that the company has the potential to rebuild its reserves and overall profitablity.