Dream Makers Enterprises Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05965417 (England and Wales)

Dream Makers Enterprises Limited

Unaudited Cessation Financial Statements

for the Year Ended 31 December 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

S J D Hickson

SECRETARY:

Paifang Nominees (UK) Ltd

REGISTERED OFFICE:

Second Floor Office Suite

4 Chartfield House

Castle Street

Taunton

Somerset

TA1 4AS

REGISTERED NUMBER:

05965417 (England and Wales)

ACCOUNTANTS:

Paifang Accountants and Tax Advisors (UK) Limited

Second Floor Office Suite

4 Chartfield House

Castle Street

Taunton

Somerset

TA1 4AS

CREDITORS

Amounts falling due within one year

4

2,804,347

2,799,633

NET CURRENT LIABILITIES

(2,804,347

)

(2,799,633

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,804,347

)

(2,799,633

)

CAPITAL AND RESERVES

Called up share capital

827

827

Retained earnings

(2,805,174

)

(2,800,460

)

SHAREHOLDERS' FUNDS

(2,804,347

)

(2,799,633

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 12 January 2024 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

$

$

Other creditors

2,804,347

2,799,633