Company Registration No. 09305298 (England and Wales)
The Wonderland Dream Factory Limited
Unaudited accounts
for the year ended 31 December 2020
The Wonderland Dream Factory Limited
Unaudited accounts
Contents
The Wonderland Dream Factory Limited
Company Information
for the year ended 31 December 2020
Directors
Loren Mrkusic
Joseph Pisano
Company Number
09305298 (England and Wales)
Registered Office
C/O James Cowper Kreston 8th Floor South
Reading Bridge House, George Street
Reading
Berkshire
RG1 8LS
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
The Wonderland Dream Factory Limited
Statement of financial position
as at 31 December 2020
Cash at bank and in hand
77,163
25,669
Creditors: amounts falling due within one year
(433,426)
(297,552)
Net current assets
129,325
58,182
Total assets less current liabilities
147,703
76,560
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
10
10
Profit and loss account
97,693
76,550
Shareholders' funds
97,703
76,560
For the year ending 31 December 2020 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 directors acknowledge their 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 of Directors and authorised for issue on 19 February 2021 and were signed on its behalf by
Joseph Pisano
Director
Company Registration No. 09305298
The Wonderland Dream Factory Limited
Notes to the Accounts
for the year ended 31 December 2020
The Wonderland Dream Factory Limited is a private company, limited by shares, registered in England and Wales, registration number 09305298. The registered office is C/O James Cowper Kreston 8th Floor South, Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
Plant and machinery - 20%
Fixtures & fittings
Fixtures and fittings - 20%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2020
10,345
4,190
14,535
Disposals
(10,345)
(4,190)
(14,535)
At 1 January 2020
10,345
4,190
14,535
On disposals
(10,345)
(4,190)
(14,535)
5
Investments
Subsidiary undertakings
Valuation at 1 January 2020
18,378
Valuation at 31 December 2020
18,378
The Wonderland Dream Factory Limited
Notes to the Accounts
for the year ended 31 December 2020
Trade debtors
458,360
302,227
Accrued income and prepayments
6,100
11,282
Other debtors
16,528
16,556
Total debtors less than one year
480,988
330,065
Total debtors
480,988
330,065
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
184,561
221,445
Amounts owed to group undertakings and other participating interests
24,000
-
Taxes and social security
79,433
14,395
Proposed dividends
100,000
-
Other creditors
5,427
3,517
Loans from directors
36,560
3,600
8
Creditors: amounts falling due after more than one year
2020
2019
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan account
(3,600)
53,600
68,280
(18,280)
Directors Loan Account
-
50,000
68,280
(18,280)
(3,600)
103,600
136,560
(36,560)
10
Transactions with related parties
During the year the company purchased services to the value of £24,000 (Including VAT) from Canvas Sky Ltd, a company of which Joseph Pisano is a director
In December 2020 the Company reorganised its shareholding structure by the creation of a new holding company, TWDF Holdings Limited. TWDF Holdings issued shares to the existing shareholders of the Company on a one-for-one exchange basis for their shares in the Company. Immediately after the exchange the parties to the transaction owned 100% of the stock of TWDF Holdings. As part of this share swap, Joseph Pisano, the previous majority shareholder in the Company, reduced his shareholding in TWDF Holdings to below 50%
The Wonderland Dream Factory Limited
Notes to the Accounts
for the year ended 31 December 2020
12
Average number of employees
During the year the average number of employees was 8 (2019: 8).
