Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28false2022-03-01publishing of computer games and software development63falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13200520 2022-03-01 2023-02-28 13200520 2021-03-01 2022-02-28 13200520 2023-02-28 13200520 2022-02-28 13200520 c:Director2 2022-03-01 2023-02-28 13200520 d:OfficeEquipment 2022-03-01 2023-02-28 13200520 d:OfficeEquipment 2023-02-28 13200520 d:OfficeEquipment 2022-02-28 13200520 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 13200520 d:ComputerEquipment 2022-03-01 2023-02-28 13200520 d:ComputerEquipment 2023-02-28 13200520 d:ComputerEquipment 2022-02-28 13200520 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 13200520 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 13200520 d:CurrentFinancialInstruments 2023-02-28 13200520 d:CurrentFinancialInstruments 2022-02-28 13200520 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13200520 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 13200520 d:ShareCapital 2023-02-28 13200520 d:ShareCapital 2022-02-28 13200520 d:SharePremium 2023-02-28 13200520 d:SharePremium 2022-02-28 13200520 d:RetainedEarningsAccumulatedLosses 2023-02-28 13200520 d:RetainedEarningsAccumulatedLosses 2022-02-28 13200520 c:OrdinaryShareClass1 2022-03-01 2023-02-28 13200520 c:OrdinaryShareClass1 2023-02-28 13200520 c:OrdinaryShareClass1 2022-02-28 13200520 c:OrdinaryShareClass2 2022-03-01 2023-02-28 13200520 c:OrdinaryShareClass2 2023-02-28 13200520 c:OrdinaryShareClass2 2022-02-28 13200520 c:OrdinaryShareClass3 2022-03-01 2023-02-28 13200520 c:OrdinaryShareClass3 2023-02-28 13200520 c:FRS102 2022-03-01 2023-02-28 13200520 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 13200520 c:FullAccounts 2022-03-01 2023-02-28 13200520 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 13200520 d:Subsidiary1 2022-03-01 2023-02-28 13200520 d:Subsidiary1 1 2022-03-01 2023-02-28 13200520 6 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13200520









EMPIRE GAMES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
EMPIRE GAMES LTD
REGISTERED NUMBER: 13200520

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
12,006
5,444

Investments
 5 
35
35

  
12,041
5,479

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
9,784
5,353

Cash at bank and in hand
  
445,702
378,708

  
455,486
384,061

Creditors: amounts falling due within one year
 7 
(42,917)
(9,715)

NET CURRENT ASSETS
  
 
 
412,569
 
 
374,346

TOTAL ASSETS LESS CURRENT LIABILITIES
  
424,610
379,825

  

NET ASSETS
  
424,610
379,825


CAPITAL AND RESERVES
  

Called up share capital 
 8 
15
13

Share premium account
  
1,919,118
776,077

Profit and loss account
  
(1,494,523)
(396,265)

  
424,610
379,825


Page 1

 
EMPIRE GAMES LTD
REGISTERED NUMBER: 13200520
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




O Cosma
Director

Date: 21 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EMPIRE GAMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


GENERAL INFORMATION

Empire Games Limited is a private company, limited by shares, incorporated in England & Wales. Its registered office is 86-90 Paul Street, London EC2A 4NE. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
EMPIRE GAMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33% Straight line
Computer equipment
-
33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
EMPIRE GAMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 6 (2022 - 3).


4.


TANGIBLE FIXED ASSETS





Office equipment
Computer equipment
Total

£
£
£



COST OR VALUATION


At 1 March 2022
-
6,309
6,309


Additions
230
10,133
10,363



At 28 February 2023

230
16,442
16,672



DEPRECIATION


At 1 March 2022
-
865
865


Charge for the year on owned assets
51
3,750
3,801



At 28 February 2023

51
4,615
4,666



NET BOOK VALUE



At 28 February 2023
179
11,827
12,006



At 28 February 2022
-
5,444
5,444

Page 5

 
EMPIRE GAMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 March 2022
35



At 28 February 2023
35





SUBSIDIARY UNDERTAKING


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Empire Games Studio SRL
Apt1 Ground Floor, 21
Mihai Veliciu Street,
Cluj-Napoca, Cluj
Country, Romania
Ordinary
100%


6.


DEBTORS

2023
2022
£
£

DUE WITHIN ONE YEAR

Other debtors
6,274
3,358

Prepayments and accrued income
3,510
1,995

9,784
5,353


Page 6

 
EMPIRE GAMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
23,983
2,637

Other creditors
9,037
242

Accruals and deferred income
9,897
6,836

42,917
9,715


Included within other creditors is a year end pension liability of £2,749 (2022: £Nil)


8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,000,000 (2022 - 1,000,000) Ordinary shares of £0.00001 each
10
10
333,333 (2022 - 333,000) Series Pre-Seed shares shares of £0.00001 each
3
3
164,610 (2022 - Nil ) Series Pre-Seed shares 2 shares of £0.00001 each
2
-

15

13


On 14 March 2022 the Company issued 164,610 ordinary £0.00001 shares for a consideration of £1,149,998.


9.OTHER FINANCIAL COMMITMENTS

Other financial commiment, guarantees and contingencies that are not included in the balance sheet amount to £1,756 (2022 : £1,756).

 
Page 7