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REGISTERED NUMBER: 12849466 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SUPER LEAGUE GAMING UK LTD

SUPER LEAGUE GAMING UK LTD (REGISTERED NUMBER: 12849466)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SUPER LEAGUE GAMING UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: W F D Roberts





REGISTERED OFFICE: Suite 10, 27 Cobham Road
Ferndown Industrial Estate
Wimborne
BH21 7PE





REGISTERED NUMBER: 12849466 (England and Wales)





AUDITORS: Hill Osborne Chartered Accountants
Beaufort House
2 Cornmarket Court
Wimborne
BH21 1JL

SUPER LEAGUE GAMING UK LTD (REGISTERED NUMBER: 12849466)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 35,693 49,078
Tangible assets 6 3,186 4,428
38,879 53,506

CURRENT ASSETS
Debtors 7 19,904 2,568
Cash at bank 3,542 4,295
23,446 6,863
CREDITORS
Amounts falling due within one year 8 19,986 492,812
NET CURRENT ASSETS/(LIABILITIES) 3,460 (485,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,339

(432,443

)

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 150,001 150,001
Retained earnings (107,663 ) (582,445 )
42,339 (432,443 )

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 February 2024 and were signed by:





W F D Roberts - Director


SUPER LEAGUE GAMING UK LTD (REGISTERED NUMBER: 12849466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. 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.

The financial statements are presented in pound sterling (£), which is the company's functional currency, and figures are rounded to the nearest whole pound.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are stated at cost (or deemed cost), less accumulated amortisation and accumulated impairment losses. Cost includes the original purchase price or cost to develop and costs directly attributable to instituting the asset to its working condition for its intended use.

Intangible assets consist of website development costs that have been capitalised under the company's policy on Research and Development expenditure. Amortisation is provided at the following annual rates in order to write off the asset over its estimated useful life.

Website development is being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets
Tangible assets are stated at cost (or deemed cost), less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office furniture - 3 years straight line

SUPER LEAGUE GAMING UK LTD (REGISTERED NUMBER: 12849466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties, and investments in non puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount is reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents comprise cash on hand and demand 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 to changes in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Research expenditure is expensed to the income statement in the period in which it is incurred. Development expenditure that meets the capitalisation requirements described in FRS 102 section 18 paragraph 18.8H is capitalised in the statement of financial position under Intangible Assets. Development expenditure that does not meet the recognition criteria described in FRS 102 section 18 paragraph 18.8H is expensed to the income statement in the period in which it is incurred.

SUPER LEAGUE GAMING UK LTD (REGISTERED NUMBER: 12849466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. ACCOUNTING POLICIES - continued

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

At each reporting 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 the period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Contributions to defined contribution plans are expensed in the period to which they relate.

Revenue recognition
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 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.

Going concern
The financial statements have been prepared on a going concern basis. The company has made a loss for the year however the Directors believe the company has adequate resources in place to continue in operation and meet its obligations if and when they fall due. The Directors are therefore of the opinion that they should adopt the going concern basis of accounting in preparing the annual financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SUPER LEAGUE GAMING UK LTD (REGISTERED NUMBER: 12849466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 30 September 2023 66,925
AMORTISATION
At 1 October 2022 17,847
Charge for year 13,385
At 30 September 2023 31,232
NET BOOK VALUE
At 30 September 2023 35,693
At 30 September 2022 49,078

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 6,245
Additions 1,226
At 30 September 2023 7,471
DEPRECIATION
At 1 October 2022 1,817
Charge for year 2,468
At 30 September 2023 4,285
NET BOOK VALUE
At 30 September 2023 3,186
At 30 September 2022 4,428

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 19,904 2,568

SUPER LEAGUE GAMING UK LTD (REGISTERED NUMBER: 12849466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 14,046 7,856
Amounts owed to group undertakings 5,000 -
Taxation and social security - 4,477
Other creditors 940 480,479
19,986 492,812

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year 9,675 -

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Auditors James Hill
for and on behalf of Hill Osborne Chartered Accountants

11. RELATED PARTY DISCLOSURES

During the year the Directors repaid the company amounts totaling £nil (2022: £4,680). At the statement of financial position date, the company owed the directors £941 (2022: £941). All loans with directors are repayable on demand and do not bear interest.