COMPANY REGISTRATION NUMBER:
11504068
Maze Theory Development Ltd |
|
Filleted Unaudited Financial Statements |
|
Maze Theory Development Ltd |
|
Statement of Financial Position |
|
31 August 2023
|
31 Aug 23 |
31 Dec 22 |
Note |
£ |
£ |
|
|
|
Current assets
Debtors |
5 |
470,427 |
570,347 |
Cash at bank and in hand |
113 |
28,181 |
|
--------- |
--------- |
|
470,540 |
598,528 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
451,114 |
563,378 |
|
--------- |
--------- |
Net current assets |
19,426 |
35,150 |
|
-------- |
-------- |
Total assets less current liabilities |
19,426 |
35,150 |
|
-------- |
-------- |
Net assets |
19,426 |
35,150 |
|
-------- |
-------- |
|
|
|
|
Capital and reserves
Called up share capital |
10 |
10 |
Profit and loss account |
19,416 |
35,140 |
|
-------- |
-------- |
Shareholders funds |
19,426 |
35,150 |
|
-------- |
-------- |
|
|
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
12 October 2023
, and are signed on behalf of the board by:
Company registration number:
11504068
Maze Theory Development Ltd |
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Notes to the Financial Statements |
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Period from 1 January 2023 to 31 August 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 303, The Record Hall, 16-16a Baldwins Gardens, London, EC1N 7RJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting period
These financial statements are for the period 1 January 2023 to 31 August 2023. The comparative period is from 1 April 2022 to 31 December 2022.
4.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis
and are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements. The company's ability to continue as a going concern is inextricably linked to the parent company, Maze Theory Limited. The directors of the parent company have prepared projected cash flow information for the period 12 months from the date of their approval of these financial statements and have concluded that the financial statements should be prepared on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
5.
Debtors
|
31 Aug 23 |
31 Dec 22 |
|
£ |
£ |
Other debtors |
470,427 |
570,347 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
31 Aug 23 |
31 Dec 22 |
|
£ |
£ |
Amounts owed to group undertakings |
440,114 |
556,878 |
Other creditors |
11,000 |
6,500 |
|
--------- |
--------- |
|
451,114 |
563,378 |
|
--------- |
--------- |
|
|
|
7.
Controlling party
The parent undertaking of this company is
Maze Theory Limited
(registered company number: 11132358). The address of the registered office is Unit 303, The Record Hall, 16-16a Baldwins Gardens, London, England, EC1N 7RJ. The ultimate parent company is Emergent Entertainment Ltd
(registered company number: 13127623).