Abbreviated Company Accounts - DREAMSHORE LIMITED

DREAMSHORE LIMITED - Company Information

06772303 DREAMSHORE LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 06772303 2015-07-01 2016-06-30 06772303 2016-06-30 06772303 2015-06-30 06772303 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 06772303 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 06772303

DREAMSHORE LIMITED

Abbreviated Accounts

30 June 2016

DREAMSHORE LIMITED Registered Number 06772303

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	180,000	195,000
		180,000	195,000
Creditors: amounts falling due within one year	3	(209,000)	(209,000)
Net current assets (liabilities)		(209,000)	(209,000)
Total assets less current liabilities		(29,000)	(14,000)
Total net assets (liabilities)		(29,000)	(14,000)
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		(30,000)	(15,000)
Shareholders' funds		(29,000)	(14,000)

For the year ending 30 June 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 March 2017

And signed on their behalf by:
FENCHURCH MARINE SERVICES LIMITED, Director

DREAMSHORE LIMITED Registered Number 06772303

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets

	£
Cost
At 1 July 2015	195,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	195,000
Depreciation
At 1 July 2015	-
Charge for the year	15,000
On disposals	-
At 30 June 2016	15,000
Net book values
At 30 June 2016	180,000
At 30 June 2015	195,000

The company acquired a yacht on the 28 January 2009 which was not recorded in the books
and records along with the associated depreciation charge
in the Financial Years ended from the 01.01.2014 to 30.06.2016.
Under UK GAAP a prior year adjustment is made for a change in
accounting policy or for a fundamental error.
A fundamental error is defined by FRS 3 as an error of such significance as to destroy
the true and fair view of the Financial Statements.
The Prior year error was considered to be fundamental and was corrected by retrospective
restatement of the 2015 comparative numbers to address the acquisition of the yacht and the
recording of the associated depreciation charge.

3Creditors

	2016 £	2015 £
Secured Debts	209,000	209,000

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000