REGISTERED NUMBER: 05749873 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2018

FOR

DREAMWELL CONSULTING LIMITED

PREVIOUSLY KNOWN AS

AFH CONSULTING LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

Mrs A Holtshausen

Mr A F Holtshausen

REGISTERED OFFICE:

9 Martins Shaw

Chipstead

Sevenoaks

Kent

TN13 2SE

REGISTERED NUMBER:

05749873 (England and Wales)

ACCOUNTANTS:

Exceed Accountants Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

The directors present their report with the financial statements of the company for the year ended 31st March 2018.

CHANGE OF NAME

The company passed a special resolution on 24th April 2018 changing its name from AFH Consulting Limited to Dreamwell Consulting Limited.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of consulting services.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2017 to the date of this report.

Mrs A Holtshausen

Mr A F Holtshausen

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr A F Holtshausen - Director

25th September 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Dreamwell Consulting Limited for the year ended 31st March 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dreamwell Consulting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dreamwell Consulting Limited and state those matters that we have agreed to state to the Board of Directors of Dreamwell Consulting Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dreamwell Consulting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dreamwell Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dreamwell Consulting Limited. You consider that Dreamwell Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dreamwell Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Exceed Accountants Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

25th September 2018

TURNOVER

39,400

-

Administrative expenses

3,043

1,353

36,357

(1,353

)

Other operating income

540,191

104,185

OPERATING PROFIT and

PROFIT BEFORE TAXATION

576,548

102,832

Tax on profit

1,165

-

PROFIT FOR THE FINANCIAL YEAR

575,383

102,832

FIXED ASSETS

Investments

3

30,000

448,498

CURRENT ASSETS

Debtors

4

39,400

-

Cash at bank

941,484

14,943

980,884

14,943

CREDITORS

Amounts falling due within one year

5

3,717

2,857

NET CURRENT ASSETS

977,167

12,086

TOTAL ASSETS LESS CURRENT LIABILITIES

1,007,167

460,584

CAPITAL AND RESERVES

Called up share capital

320

320

Share premium

6

1,280

1,280

FRS102 unrealised Revaluation

6

29,997

448,495

Retained earnings

6

975,570

10,489

SHAREHOLDERS' FUNDS

1,007,167

460,584

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25th September 2018 and were signed on its behalf by:

Mr A F Holtshausen - Director

1.	STATUTORY INFORMATION

Dreamwell Consulting 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 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the service provided to date based on a

proportion of the total expected consideration at completion.

Where payments are received from customers in advance of services provided, the amounts are recorded as

Deferred Income and included as part of Creditors due within one year.

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.

3.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1st April 2017

448,498

Revaluations

(418,498

)

At 31st March 2018

30,000

NET BOOK VALUE

At 31st March 2018

30,000

At 31st March 2017

448,498

Cost or valuation at 31st March 2018 is represented by:

Unlisted

investments

£

Valuation in 2018

30,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

39,400

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,201

1,200

Taxation and social security

1,165

-

Other creditors

1,351

1,657

3,717

2,857

6.

RESERVES

FRS102

Retained

Share

unrealised

earnings

premium

Revaluation

Totals

£

£

£

£

At 1st April 2017

10,489

1,280

448,495

460,264

Profit for the year

575,383

575,383

Dividends

(28,800

)

(28,800

)

Transfer FRS102 gain

418,498

-

(418,498

)

-

At 31st March 2018

975,570

1,280

29,997

1,006,847

7.	RELATED PARTY DISCLOSURES & ULTIMATE CONTROLLING PARTY

During the year, total dividends of £20,430 were paid to the directors.

At the year end, included in Creditors, amounts falling due within one year, is an amount owed to Mr AF

Holtshausen by the company of £557 (2017 : £557).

This loan is non interest bearing, has no fixed term and is repayable on demand.

The company is under the control of its directors Mr AF Holtshausen and Mrs A Holtshausen.