Dream Makers Enterprises Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05965417 (England and Wales)

Dream Makers Enterprises Limited

Unaudited Financial Statements

for the Year Ended 31 December 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTOR:

S J D Hickson

SECRETARY:

Paifang Nominees (UK) Ltd

REGISTERED OFFICE:

22 Billet Street

Taunton

Somerset

TA1 3NG

REGISTERED NUMBER:

05965417 (England and Wales)

ACCOUNTANTS:

Paifang Accountants and Tax Advisors (UK) Limited

22 Billet Street

Taunton

Somerset

TA1 3NG

FIXED ASSETS

Investments

3

267,224

267,224

CURRENT ASSETS

Debtors

4

18,563,736

17,796,358

Investments

5

1,049,981

1,049,981

Cash at bank and in hand

37,676

37,676

19,651,393

18,884,015

CREDITORS

Amounts falling due within one year

6

21,629,181

20,932,072

NET CURRENT LIABILITIES

(1,977,788

)

(2,048,057

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,710,564

)

(1,780,833

)

CAPITAL AND RESERVES

Called up share capital

827

827

Retained earnings

(1,711,391

)

(1,781,660

)

SHAREHOLDERS' FUNDS

(1,710,564

)

(1,780,833

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 October 2019 and were signed by:

S J D Hickson - Director

1.	STATUTORY INFORMATION

Dream Makers Enterprises Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in

operational existence for the foreseeable future. This assumption relies on the continued support of the company's

beneficial owner. If the company were unable to continue in operational existence, adjustments would have to be made to

reclassify fixed assets and long term liabilities as current assets and liabilities respectively and to make provision for

additional costs which may arise.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into US dollars at the average rate of exchange for the period.

Exchange differences are taken into account in arriving at the operating result.

The exception to the above accounting policy is where a transaction is to be settled at a contracted rate, that rate shall be

used. Where a transaction is covered by a related or matching forward contract, the rate of exchange specified in that

contract maybe used.

3.	FIXED ASSET INVESTMENTS

Other

investments

$

COST

At 1 January 2018

and 31 December 2018

267,224

NET BOOK VALUE

At 31 December 2018

267,224

At 31 December 2017

267,224

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Gammi Ltd

Registered office:

Nature of business: Toy manufacture

%

Class of shares:

holding

Ordinary

99.87

2018

31/12/17

$

$

Aggregate capital and reserves

-

407,565

Profit for the year

-

147,726

Volshebnyi Ostrov Ltd (Magic Island Ltd)

Registered office:

Nature of business: Sale of toys

%

Class of shares:

holding

Ordinary

98.50

2018

31/12/17

$

$

Aggregate capital and reserves

-

4,370,250

Profit for the year

-

415,299

Kometa-plus Ltd

Registered office:

Nature of business: Toy Manufacture

%

Class of shares:

holding

Ordinary

99.90

2018

31/12/17

$

$

Aggregate capital and reserves

-

96,615

Profit for the year

-

6,772

UAB Sanifinas

Registered office:

Nature of business: Sale of toys

%

Class of shares:

holding

Ordinary

9.96

2018

31/12/17

$

$

Aggregate capital and reserves

-

2,823,447

Loss for the year

-

(50,764

)

The purchase of the holding in UAB Sanifinas was agreed 29th December 2011. The agreed price of €1,500,000 was paid

in agreed instalments by March 2012.

Pepela Ltd

Registered office:

Nature of business: Toy manufacturers

%

Class of shares:

holding

Ordinary

35.00

2018

31/12/17

$

$

Aggregate capital and reserves

-

614,343

Profit for the year

-

98,368

VetroVatt Plus Ltd

Registered office:

Nature of business: Toy manufacture

%

Class of shares:

holding

Ordinary

100.00

2018

31/12/17

$

$

Aggregate capital and reserves

-

2,535

DM Energy

Registered office:

Nature of business: Toy manufacture

%

Class of shares:

holding

Ordinary

100.00

2018

31/12/17

$

$

Aggregate capital and reserves

-

(23,545

)

Loss for the year

-

(53,435

)

VetroVatt

Registered office:

Nature of business: Manufacture of toys

%

Class of shares:

holding

Ordinary

99.00

2018

31/12/17

$

$

Aggregate capital and reserves

-

443,048

Profit for the year

-

81,107

4.

DEBTORS

2018

2017

$

$

Amounts falling due within one year:

Other debtors

1,127,623

995,387

Amounts falling due after more than one year:

Other debtors

17,436,113

16,800,971

Aggregate amounts

18,563,736

17,796,358

5.	CURRENT ASSET INVESTMENTS

2018

2017

$

$

Shares in group undertakings

1,049,981

1,049,981

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

$

$

Trade creditors

5,140

5,141

Taxation and social security

1,326

1,326

Other creditors

21,622,715

20,925,605

21,629,181

20,932,072

7.	RELATED PARTY DISCLOSURES

Loans assigned to the company to subsidiaries had the following values at 31/12/18- Volshebniy Ostrov $5,000,000 (2017

$4,359,000), Gammi $320,003 (2017 $320,003), VetroVatt $1,884,660 (2017 $1,155,000), DM Energy $120,000 (2017

$120000).