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REGISTERED NUMBER: 12080612 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

STRANGE HORIZONS LTD

STRANGE HORIZONS LTD (REGISTERED NUMBER: 12080612)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STRANGE HORIZONS LTD

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTOR: N Austin





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 12080612 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

STRANGE HORIZONS LTD (REGISTERED NUMBER: 12080612)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 289,371 255,236
Tangible assets 5 1,237 1,847
290,608 257,083

CURRENT ASSETS
Debtors 6 73,562 15,839
Cash at bank and in hand 298,916 359,375
372,478 375,214
CREDITORS
Amounts falling due within one year 7 (1,153,858 ) (918,585 )
NET CURRENT LIABILITIES (781,380 ) (543,371 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(490,772

)

(286,288

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (490,872 ) (286,388 )
SHAREHOLDERS' FUNDS (490,772 ) (286,288 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STRANGE HORIZONS LTD (REGISTERED NUMBER: 12080612)

BALANCE SHEET - continued
31 July 2023


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 28 February 2024 and were signed by:





N Austin - Director


STRANGE HORIZONS LTD (REGISTERED NUMBER: 12080612)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Strange Horizons Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided at the following annual rates:

Computer software - 33% straight line

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment - 33% reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 balance sheet date.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

STRANGE HORIZONS LTD (REGISTERED NUMBER: 12080612)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 August 2022 588,536
Additions 290,917
At 31 July 2023 879,453
AMORTISATION
At 1 August 2022 333,300
Amortisation for year 256,782
At 31 July 2023 590,082
NET BOOK VALUE
At 31 July 2023 289,371
At 31 July 2022 255,236

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 3,661
DEPRECIATION
At 1 August 2022 1,814
Charge for year 610
At 31 July 2023 2,424
NET BOOK VALUE
At 31 July 2023 1,237
At 31 July 2022 1,847

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 73,562 15,839

STRANGE HORIZONS LTD (REGISTERED NUMBER: 12080612)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts - 892,007
Other creditors 1,153,858 26,578
1,153,858 918,585

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100