2023-01-012023-12-312023-12-31false11080047THE GAME IS NOW LIMITED2024-03-2758210iso4217:GBPxbrli:pure110800472023-01-01110800472023-12-31110800472023-01-012023-12-31110800472022-01-01110800472022-12-31110800472022-01-012022-12-3111080047bus:SmallEntities2023-01-012023-12-3111080047bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3111080047bus:FullAccounts2023-01-012023-12-3111080047bus:PrivateLimitedCompanyLtd2023-01-012023-12-3111080047core:WithinOneYear2023-12-3111080047core:AfterOneYear2023-12-3111080047core:WithinOneYear2022-12-3111080047core:AfterOneYear2022-12-3111080047core:ShareCapital2023-12-3111080047core:SharePremium2023-12-3111080047core:RevaluationReserve2023-12-3111080047core:OtherReservesSubtotal2023-12-3111080047core:RetainedEarningsAccumulatedLosses2023-12-3111080047core:ShareCapital2022-12-3111080047core:SharePremium2022-12-3111080047core:RevaluationReserve2022-12-3111080047core:OtherReservesSubtotal2022-12-3111080047core:RetainedEarningsAccumulatedLosses2022-12-3111080047core:LandBuildings2023-12-3111080047core:PlantMachinery2023-12-3111080047core:Vehicles2023-12-3111080047core:FurnitureFittings2023-12-3111080047core:OfficeEquipment2023-12-3111080047core:NetGoodwill2023-12-3111080047core:IntangibleAssetsOtherThanGoodwill2023-12-3111080047core:ListedExchangeTraded2023-12-3111080047core:UnlistedNon-exchangeTraded2023-12-3111080047core:LandBuildings2022-12-3111080047core:PlantMachinery2022-12-3111080047core:Vehicles2022-12-3111080047core:FurnitureFittings2022-12-3111080047core:OfficeEquipment2022-12-3111080047core:NetGoodwill2022-12-3111080047core:IntangibleAssetsOtherThanGoodwill2022-12-3111080047core:ListedExchangeTraded2022-12-3111080047core:UnlistedNon-exchangeTraded2022-12-3111080047core:LandBuildings2023-01-012023-12-3111080047core:PlantMachinery2023-01-012023-12-3111080047core:Vehicles2023-01-012023-12-3111080047core:FurnitureFittings2023-01-012023-12-3111080047core:OfficeEquipment2023-01-012023-12-3111080047core:NetGoodwill2023-01-012023-12-3111080047core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111080047core:ListedExchangeTraded2023-01-012023-12-3111080047core:UnlistedNon-exchangeTraded2023-01-012023-12-3111080047core:MoreThanFiveYears2023-01-012023-12-3111080047core:Non-currentFinancialInstruments2023-12-3111080047core:Non-currentFinancialInstruments2022-12-3111080047dpl:CostSales2023-01-012023-12-3111080047dpl:DistributionCosts2023-01-012023-12-3111080047core:LandBuildings2023-01-012023-12-3111080047core:PlantMachinery2023-01-012023-12-3111080047core:Vehicles2023-01-012023-12-3111080047core:FurnitureFittings2023-01-012023-12-3111080047core:OfficeEquipment2023-01-012023-12-3111080047dpl:AdministrativeExpenses2023-01-012023-12-3111080047core:NetGoodwill2023-01-012023-12-3111080047core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111080047dpl:GroupUndertakings2023-01-012023-12-3111080047dpl:ParticipatingInterests2023-01-012023-12-3111080047dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3111080047core:ListedExchangeTraded2023-01-012023-12-3111080047dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3111080047core:UnlistedNon-exchangeTraded2023-01-012023-12-3111080047dpl:CostSales2022-01-012022-12-3111080047dpl:DistributionCosts2022-01-012022-12-3111080047core:LandBuildings2022-01-012022-12-3111080047core:PlantMachinery2022-01-012022-12-3111080047core:Vehicles2022-01-012022-12-3111080047core:FurnitureFittings2022-01-012022-12-3111080047core:OfficeEquipment2022-01-012022-12-3111080047dpl:AdministrativeExpenses2022-01-012022-12-3111080047core:NetGoodwill2022-01-012022-12-3111080047core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111080047dpl:GroupUndertakings2022-01-012022-12-3111080047dpl:ParticipatingInterests2022-01-012022-12-3111080047dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3111080047core:ListedExchangeTraded2022-01-012022-12-3111080047dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3111080047core:UnlistedNon-exchangeTraded2022-01-012022-12-3111080047core:NetGoodwill2023-12-3111080047core:IntangibleAssetsOtherThanGoodwill2023-12-3111080047core:LandBuildings2023-12-3111080047core:PlantMachinery2023-12-3111080047core:Vehicles2023-12-3111080047core:FurnitureFittings2023-12-3111080047core:OfficeEquipment2023-12-3111080047core:AfterOneYear2023-12-3111080047core:WithinOneYear2023-12-3111080047core:ListedExchangeTraded2023-12-3111080047core:UnlistedNon-exchangeTraded2023-12-3111080047core:ShareCapital2023-12-3111080047core:SharePremium2023-12-3111080047core:RevaluationReserve2023-12-3111080047core:OtherReservesSubtotal2023-12-3111080047core:RetainedEarningsAccumulatedLosses2023-12-3111080047core:NetGoodwill2022-12-3111080047core:IntangibleAssetsOtherThanGoodwill2022-12-3111080047core:LandBuildings2022-12-3111080047core:PlantMachinery2022-12-3111080047core:Vehicles2022-12-3111080047core:FurnitureFittings2022-12-3111080047core:OfficeEquipment2022-12-3111080047core:AfterOneYear2022-12-3111080047core:WithinOneYear2022-12-3111080047core:ListedExchangeTraded2022-12-3111080047core:UnlistedNon-exchangeTraded2022-12-3111080047core:ShareCapital2022-12-3111080047core:SharePremium2022-12-3111080047core:RevaluationReserve2022-12-3111080047core:OtherReservesSubtotal2022-12-3111080047core:RetainedEarningsAccumulatedLosses2022-12-3111080047core:NetGoodwill2022-01-0111080047core:IntangibleAssetsOtherThanGoodwill2022-01-0111080047core:LandBuildings2022-01-0111080047core:PlantMachinery2022-01-0111080047core:Vehicles2022-01-0111080047core:FurnitureFittings2022-01-0111080047core:OfficeEquipment2022-01-0111080047core:AfterOneYear2022-01-0111080047core:WithinOneYear2022-01-0111080047core:ListedExchangeTraded2022-01-0111080047core:UnlistedNon-exchangeTraded2022-01-0111080047core:ShareCapital2022-01-0111080047core:SharePremium2022-01-0111080047core:RevaluationReserve2022-01-0111080047core:OtherReservesSubtotal2022-01-0111080047core:RetainedEarningsAccumulatedLosses2022-01-0111080047core:AfterOneYear2023-01-012023-12-3111080047core:WithinOneYear2023-01-012023-12-3111080047core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3111080047core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3111080047core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3111080047core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3111080047core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3111080047core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3111080047core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3111080047core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3111080047core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3111080047core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3111080047core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3111080047core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3111080047core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3111080047core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3111080047core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3111080047core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3111080047core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3111080047core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3111080047core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3111080047core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3111080047core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3111080047core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3111080047core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3111080047core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3111080047core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3111080047core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3111080047core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3111080047bus:Director12023-01-012023-12-3111080047core:FurnitureFittingsToolsEquipment2022-12-3111080047core:FurnitureFittingsToolsEquipment2023-01-012023-12-3111080047core:FurnitureFittingsToolsEquipment2023-12-31

THE GAME IS NOW LIMITED

Registered Number
11080047
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

THE GAME IS NOW LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

KAAN, Timucin

Registered Address

4-9 The Links West 12 Shopping Centre
Shepherds Bush Green
London
W12 8PP

Registered Number

11080047 (England and Wales)
THE GAME IS NOW LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets4489,200358,454
Tangible assets53,6112,537
492,811360,991
Current assets
Stocks65,0572,623
Debtors71,60186,214
Cash at bank and on hand48,371100,084
125,029188,921
Creditors amounts falling due within one year7(1,044,123)(882,493)
Net current assets (liabilities)(919,094)(693,572)
Total assets less current liabilities(426,283)(332,581)
Creditors amounts falling due after one year8(3,283,554)(3,038,110)
Provisions for liabilities9(53,044)-
Net assets(3,762,881)(3,370,691)
Capital and reserves
Profit and loss account(3,762,881)(3,370,691)
Shareholders' funds(3,762,881)(3,370,691)
The financial statements were approved and authorised for issue by the Director on 27 March 2024, and are signed on its behalf by:
KAAN, Timucin
Director
Registered Company No. 11080047
THE GAME IS NOW LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Hence, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. During the year, the company was financially supported by Studholme Limited, a company registered in Guernsey and its group companies, the company has received assurances from Studholme Limited, that the financial support will continue in the future. Further the company is able to meet its short-term working capital requirement through the support from its group companies.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Development cost is amortised at 10% on cost.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified. Little Bird Ventures. The loan was assigned to Burgoyne Ltd in 2021. Figure as at 31st December 2023 is £159,494.45. Kin Partners. Nothing is owed to Kin Partners. Studholme Ltd. Figure as at 31st December 2023 is £3,092,608.57. Timucin Kaan. Director loan as at 31st December 2023 is £145,000.
2.Average number of employees

20232022
Average number of employees during the year3849
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 23716,908716,908
Additions250,000250,000
At 31 December 23966,908966,908
Amortisation and impairment
At 01 January 23358,454358,454
Charge for year119,254119,254
At 31 December 23477,708477,708
Net book value
At 31 December 23489,200489,200
At 31 December 22358,454358,454
5.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 January 23239,4244,308243,732
Additions2,994-2,994
At 31 December 23242,4184,308246,726
Depreciation and impairment
At 01 January 23237,7493,446241,195
Charge for year1,0588621,920
At 31 December 23238,8074,308243,115
Net book value
At 31 December 233,611-3,611
At 31 December 221,6758622,537
6.Stocks

2023

2022

££
Finished goods5,0572,623
Total5,0572,623
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables262,693139,967
Taxation and social security72,07842,998
Other creditors162,881153,592
Accrued liabilities and deferred income546,471545,936
Total1,044,123882,493
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts45,94550,603
Other creditors3,237,6092,987,507
Total3,283,5543,038,110
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)53,044-
Total53,044-