Dreamhouse (2000) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC206682 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Dreamhouse (2000) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A H Martin

P Murray-Smith F.H.I

N Chaffaut

G McNeil

SECRETARY:

P Murray-Smith F.H.I

REGISTERED OFFICE:

1 George Square

Glasgow

Lanarkshire

G2 1AL

REGISTERED NUMBER:

SC206682 (Scotland)

ACCOUNTANTS:

Equiom (Scotland)

15a Harbour Road

Inverness

INVERNESS-SHIRE

IV1 1SY

FIXED ASSETS

Investments

4

3

3

CURRENT ASSETS

Debtors

5

255,734

274,631

Cash at bank and in hand

19,405

51,031

275,139

325,662

CREDITORS

Amounts falling due within one year

6

(381,418

)

(334,056

)

NET CURRENT LIABILITIES

(106,279

)

(8,394

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(106,276

)

(8,391

)

CAPITAL AND RESERVES

Called up share capital

37,024

37,024

Retained earnings

(143,300

)

(45,415

)

(106,276

)

(8,391

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 7 June 2018 and were signed on its behalf by:

P Murray-Smith F.H.I - Director

1.	STATUTORY INFORMATION

Dreamhouse (2000) Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2016 - 23 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2016

and 30 September 2017

3

NET BOOK VALUE

At 30 September 2017

3

At 30 September 2016

3

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

154,471

167,993

Other debtors

101,263

106,638

255,734

274,631

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

105,097

131,694

Taxation and social security

64,802

72,845

Other creditors

211,519

129,517

381,418

334,056

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

374,844

542,114

Between one and five years

77,178

204,467

452,022

746,581

8.	RELATED PARTY DISCLOSURES

During the year the director, P M Smith, advanced the company £40,000 (2016: £39,944) and the company

repaid the director £19,944 (2016: £10,000). At the year end £80,000 (2016: £59,944) was included within other

creditors as owed to the director.

During the year the director, G McNeil, advanced the company £4,000 (2016: £Nil) and the company repaid the

director £4,000 (2016: £Nil).

9.	ULTIMATE CONTROLLING PARTY

The directors control the company.

10.	FIRST TIME ADOPTION OF FRS102

The financial position and financial performance were unaffected by the first time adoption of FRS102.