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Company Registration No. 08983817 (England and Wales)
Reality Games (London) Limited Unaudited accounts for the year ended 31 March 2023
Reality Games (London) Limited Unaudited accounts Contents
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Reality Games (London) Limited Company Information for the year ended 31 March 2023
Directors
Ceo Z Woznowski Marketing United Ltd
Company Number
08983817 (England and Wales)
Registered Office
Office 212 15 Ingestre Place, Soho London London W1F 0JH UK
Accountants
The Accountancy Cloud 12-18 Hoxton Street London N1 6NG UK
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Reality Games (London) Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22 
731 
Investments
40,320 
40,320 
40,342 
41,051 
Current assets
Debtors
475,353 
278,558 
Cash at bank and in hand
112,085 
213,840 
587,438 
492,398 
Creditors: amounts falling due within one year
(222,945)
(275,152)
Net current assets
364,493 
217,246 
Net assets
404,835 
258,297 
Capital and reserves
Called up share capital
115 
115 
Profit and loss account
404,720 
258,182 
Shareholders' funds
404,835 
258,297 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by
Ceo Z Woznowski Director Company Registration No. 08983817
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Reality Games (London) Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Reality Games (London) Limited is a private company, limited by shares, registered in England and Wales, registration number 08983817. The registered office is Office 212, 15 Ingestre Place, Soho, London, London, W1F 0JH, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
50% Straight Line
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Reality Games (London) Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Reality Games (London) Limited Notes to the Accounts for the year ended 31 March 2023
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
20,738 
18,673 
39,411 
Disposals
(3,509)
(4,721)
(8,230)
At 31 March 2023
17,229 
13,952 
31,181 
Depreciation
At 1 April 2022
20,007 
18,673 
38,680 
Charge for the year
618 
- 
618 
On disposals
(3,418)
(4,721)
(8,139)
At 31 March 2023
17,207 
13,952 
31,159 
Net book value
At 31 March 2023
22 
- 
22 
At 31 March 2022
731 
- 
731 
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
40,320 
Valuation at 31 March 2023
40,320 
At the year end, the company held investments in the following entities: 1. Investment of £28,116 (2021: £25,469) in Reality Games Polska S.A. 2. Investment of £12,204 (2021: £12,204) in Royals SP Z.O.O.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
14,913 
9,551 
Trade debtors
286,487 
210,766 
Amounts due from group undertakings etc.
54,271 
54,729 
Deferred tax asset
97,619 
Accrued income and prepayments
22,063 
386 
Other debtors
- 
3,126 
475,353 
278,558 
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Reality Games (London) Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
60,861 
99,563 
Amounts owed to group undertakings and other participating interests
172,788 
176,217 
Loans from directors
(10,704)
(628)
222,945 
275,152 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
11,550 Ordinary shares of £0.01 each
115.50 
115.50 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ceo Z Woznowski
Directors' Loan Account
628 
10,076 
- 
10,704 
628 
10,076 
- 
10,704 
The directors' loans are interest-free and repayable on demand.
10
Transactions with related parties
At the year end, the following amounts were included in creditors: £135,938 (2022: £nil) is payable to its subsidiary, Reality Games Polska. £36,850 (2022: £458 due from) payable to Marketing United Ltd, shareholder. Included in Debtors is a loan of £54,271 (2022: £54,271) due from Marketing United Ltd. The loan is interest free and repayable on demand.
11
Controlling party
Marketing United Ltd is the controlling party of Reality Games (London) Ltd with the registered address being 6 Leigham Drive, Isleworth, United Kingdom, TW7 5LU.
12
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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