Nemean Tale Studios Limited 11291904 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is Ready-made interactive leisure and entertainment software development. Digita Accounts Production Advanced 6.30.9574.0 true 11291904 2022-05-01 2023-04-30 11291904 2023-04-30 11291904 core:CurrentFinancialInstruments 2023-04-30 11291904 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11291904 core:OfficeEquipment 2023-04-30 11291904 1 2023-04-30 11291904 bus:SmallEntities 2022-05-01 2023-04-30 11291904 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 11291904 bus:FullAccounts 2022-05-01 2023-04-30 11291904 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 11291904 bus:RegisteredOffice 2022-05-01 2023-04-30 11291904 bus:Director1 2022-05-01 2023-04-30 11291904 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11291904 core:OfficeEquipment 2022-05-01 2023-04-30 11291904 core:OtherRelatedParties 2022-05-01 2023-04-30 11291904 countries:EnglandWales 2022-05-01 2023-04-30 11291904 1 2022-05-01 2023-04-30 11291904 2022-04-30 11291904 core:OfficeEquipment 2022-04-30 11291904 1 2022-04-30 11291904 2021-05-01 2022-04-30 11291904 2022-04-30 11291904 bus:Director1 1 2022-04-30 11291904 core:CurrentFinancialInstruments 2022-04-30 11291904 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 11291904 core:OfficeEquipment 2022-04-30 11291904 bus:Director1 1 2021-05-01 2022-04-30 11291904 bus:Director1 1 2021-04-30 iso4217:GBP xbrli:pure

Registration number: 11291904

Nemean Tale Studios Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2023

 

Nemean Tale Studios Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Nemean Tale Studios Limited

(Registration number: 11291904)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,567

2,841

Current assets

 

Debtors

5

28,523

34,159

Cash at bank and in hand

 

56,837

77,503

 

85,360

111,662

Creditors: Amounts falling due within one year

6

(12,094)

(31,392)

Net current assets

 

73,266

80,270

Net assets

 

76,833

83,111

Capital and reserves

 

Called up share capital

100

100

Retained earnings

76,733

83,011

Shareholders' funds

 

76,833

83,111

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2023
 

.........................................
K A Amiranoff
Director

 

Nemean Tale Studios Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale entertainment software in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Nemean Tale Studios Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Nemean Tale Studios Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 May 2022

9,427

9,427

Additions

2,886

2,886

At 30 April 2023

12,313

12,313

Depreciation

At 1 May 2022

6,586

6,586

Charge for the year

2,160

2,160

At 30 April 2023

8,746

8,746

Carrying amount

At 30 April 2023

3,567

3,567

At 30 April 2022

2,841

2,841

5

Debtors

Current

2023
£

2022
£

Other debtors

28,523

34,159

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

9,880

29,178

Other creditors

2,214

2,214

12,094

31,392

 

Nemean Tale Studios Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

7

Related party transactions

2022

At 1 May 2021
£

Advances to director
£

Repayments by director
£

At 30 April 2022
£

K A Amiranoff

Short term loan

(1,682)

30,212

(12,221)

16,309

         
       

 

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Short term loan

16,309

20,960

(20,596)

16,673

         
       

 

Summary of transactions with other related parties

At the balance sheet date there was an amount owed from Brains and Brawn Studio Ltd (an entity under the control of key management personnel) of £11,850 (2022: £11,850).