Registration number:
ECAP ESPORT LTD
for the Period from 1 November 2022 to 30 September 2023
ECAP ESPORT LTD
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
ECAP ESPORT LTD
Company Information
Directors |
Mr James Lee Savage Mr Hjalmar Fredrik Pettersson |
Registered office |
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Auditors |
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ECAP ESPORT LTD
(Registration number: 12942958)
Abridged Balance Sheet as at 30 September 2023
Note |
2023 |
2022 |
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Fixed assets |
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Intangible assets |
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- |
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Current assets |
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Debtors |
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|
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Creditors: Amounts falling due within one year |
( |
- |
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Net current (liabilities)/assets |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
101 |
100 |
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Share premium reserve |
2,671,770 |
- |
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Shareholders' funds |
2,671,871 |
100 |
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.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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ECAP ESPORT LTD
Notes to the Abridged Financial Statements for the Period from 1 November 2022 to 30 September 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 abridged 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).
Basis of preparation
These abridged 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.
Going concern
The company is dependent, in absence of any funding, on the continued financial support of the shareholders. A financing agreement is in place between Esboz Limited and its subsidiaries including Ecap Esport Limited that guarantees that Esboz Limited will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.
Audit report
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Intangibles not ready for use |
Not amortised |
ECAP ESPORT LTD
Notes to the Abridged Financial Statements for the Period from 1 November 2022 to 30 September 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Intangible assets |
Total |
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Cost or valuation |
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Additions acquired separately |
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At 30 September 2023 |
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Amortisation |
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Carrying amount |
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At 30 September 2023 |
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The Directors estimate that the assets will be ready for commercial use by the 1st of March 2024. The company is in the process of finalising negotiations with leading egaming software companies for the use of the intangible assets. The Directors have prepared detailed forecasts of the future value of the assets and these show potential returns well in excess of the carrying value of those assets. However, as the commercial roll out had not occurred by the year end, the intangible assets have been stated at their original cost.
Individually material intangible assets
ECAP ESPORT LTD
Notes to the Abridged Financial Statements for the Period from 1 November 2022 to 30 September 2023
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Debtors |
Debtors includes £Nil (2022 - £Nil) due after more than one year.
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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|
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101 |
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100 |
Related party transactions |
Summary of transactions with parent
Allotment of one ordinary share at a value of £ 2,671,771 on 15/2/2023
Trade creditors as of 30/9/2023 of £1,266,941
ECAP ESPORT LTD
Notes to the Abridged Financial Statements for the Period from 1 November 2022 to 30 September 2023
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is