Caseware UK (AP4) 2023.0.135 2023.0.135 true2022-11-01falseNo description of principal activity4130trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI640434 2022-11-01 2023-10-31 NI640434 2021-11-01 2022-10-31 NI640434 2023-10-31 NI640434 2022-10-31 NI640434 2021-11-01 NI640434 1 2022-11-01 2023-10-31 NI640434 d:Director1 2022-11-01 2023-10-31 NI640434 d:RegisteredOffice 2022-11-01 2023-10-31 NI640434 d:Agent1 2022-11-01 2023-10-31 NI640434 d:Agent2 2022-11-01 2023-10-31 NI640434 c:Buildings c:LongLeaseholdAssets 2022-11-01 2023-10-31 NI640434 c:Buildings c:LongLeaseholdAssets 2023-10-31 NI640434 c:Buildings c:LongLeaseholdAssets 2022-10-31 NI640434 c:MotorVehicles 2022-11-01 2023-10-31 NI640434 c:MotorVehicles 2023-10-31 NI640434 c:MotorVehicles 2022-10-31 NI640434 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 NI640434 c:FurnitureFittings 2022-11-01 2023-10-31 NI640434 c:FurnitureFittings 2023-10-31 NI640434 c:FurnitureFittings 2022-10-31 NI640434 c:FurnitureFittings c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 NI640434 c:ComputerEquipment 2022-11-01 2023-10-31 NI640434 c:ComputerEquipment 2023-10-31 NI640434 c:ComputerEquipment 2022-10-31 NI640434 c:ComputerEquipment c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 NI640434 c:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 NI640434 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 NI640434 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-31 NI640434 c:CurrentFinancialInstruments 2023-10-31 NI640434 c:CurrentFinancialInstruments 2022-10-31 NI640434 c:Non-currentFinancialInstruments 2023-10-31 NI640434 c:Non-currentFinancialInstruments 2022-10-31 NI640434 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 NI640434 c:CurrentFinancialInstruments c:WithinOneYear 2022-10-31 NI640434 c:Non-currentFinancialInstruments c:AfterOneYear 2023-10-31 NI640434 c:Non-currentFinancialInstruments c:AfterOneYear 2022-10-31 NI640434 c:ShareCapital 2023-10-31 NI640434 c:ShareCapital 2022-10-31 NI640434 c:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 NI640434 c:RetainedEarningsAccumulatedLosses 2023-10-31 NI640434 c:RetainedEarningsAccumulatedLosses 2022-10-31 NI640434 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-11-01 2023-10-31 NI640434 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-10-31 NI640434 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-10-31 NI640434 d:OrdinaryShareClass1 2022-11-01 2023-10-31 NI640434 d:OrdinaryShareClass1 2023-10-31 NI640434 d:OrdinaryShareClass1 2022-10-31 NI640434 d:FRS102 2022-11-01 2023-10-31 NI640434 d:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 NI640434 d:FullAccounts 2022-11-01 2023-10-31 NI640434 d:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI640434 c:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-11-01 2023-10-31 NI640434 c:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-31 NI640434 c:WithinOneYear 2023-10-31 NI640434 c:WithinOneYear 2022-10-31 NI640434 c:BetweenOneFiveYears 2023-10-31 NI640434 c:BetweenOneFiveYears 2022-10-31 NI640434 c:MoreThanFiveYears 2023-10-31 NI640434 c:MoreThanFiveYears 2022-10-31 NI640434 c:HirePurchaseContracts c:WithinOneYear 2023-10-31 NI640434 c:HirePurchaseContracts c:WithinOneYear 2022-10-31 NI640434 c:HirePurchaseContracts c:BetweenOneFiveYears 2023-10-31 NI640434 c:HirePurchaseContracts c:BetweenOneFiveYears 2022-10-31 NI640434 c:TaxLossesCarry-forwardsDeferredTax 2023-10-31 NI640434 c:TaxLossesCarry-forwardsDeferredTax 2022-10-31 NI640434 2 2022-11-01 2023-10-31 NI640434 6 2022-11-01 2023-10-31 NI640434 c:Buildings c:LeasedAssetsHeldAsLessee 2023-10-31 NI640434 c:Buildings c:LeasedAssetsHeldAsLessee 2022-10-31 NI640434 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2023-10-31 NI640434 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2022-10-31 NI640434 c:LeasedAssetsHeldAsLessee 2023-10-31 NI640434 c:LeasedAssetsHeldAsLessee 2022-10-31 NI640434 c:DevelopmentCostsCapitalisedDevelopmentExpenditure c:OwnedIntangibleAssets 2022-11-01 2023-10-31 NI640434 e:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure

Unaudited Financial Statements
Stellar Entertainment Software Limited
For the Year Ended 31 October 2023





































Registered number: NI640434

 
Stellar Entertainment Software Limited
 

Company Information


Director
Mr Paul Ross 




Registered number
NI640434



Registered office
12- 15 Donegall Square West

Belfast

Northern Ireland

BT1 6JH




Accountants
Grant Thornton (NI) LLP
Chartered Accountants

12 - 15 Donegall Square West

Belfast

BT1 6JH




Bankers
Metro Bank
One Southhampton Row

London

WC1B 5HA





Arbuthnot Latham

7 Wilson St

Finsbury

London

United Kingdom

EC2M 2SN





 
Stellar Entertainment Software Limited
 

Contents



Page
Accountant's Report
1
Balance Sheet
2 - 3
Notes to the Financial Statements
4 - 15


  
img1724.png
Independent Accountant's Report to the director of the unaudited financial statements of Stellar Entertainment Software Limited for the Year Ended 31 October 2023

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Stellar Entertainment Software Limited for the year ended 31 October 2023, which comprise the Statement of comprehensive income, the Balance Sheet, the Statement of changes in equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of Stellar Entertainment Software Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of Stellar Entertainment Software Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stellar Entertainment Software Limited and its directors, as a body, for our work or for this report.


We have carried out this engagement in accordance with the technical guidance issued by Chartered Accountants Ireland ("the Institute") and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 31 October 2023 and you have acknowledged on the Balance Sheet as at 31 October 2023 your duty to ensure that Stellar Entertainment Software Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that Stellar Entertainment Software Limited is exempt from the statutory audit requirement for the year ended 31 October 2023.

We have not been instructed to carry out an audit or review the financial statements of Stellar Entertainment Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 




  


Grant Thornton (NI) LLP

Chartered Accountants
12 - 15 Donegall Square West
Belfast
BT1 6JH







Date:   29 July 2024
Page 1

 
Stellar Entertainment Software Limited
Registered number:NI640434

Balance Sheet
As at 31 October 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 5 
200,694
395,829

Tangible assets
 6 
1,175,694
339,729

Investments
 7 
567
201

  
1,376,955
735,759

Current assets
  

Debtors: amounts falling due within one year
 8 
1,708,142
1,416,556

Cash at bank and in hand
 9 
1,271,974
640,736

  
2,980,116
2,057,292

Creditors: amounts falling due within one year
 10 
(569,219)
(573,445)

Net current assets
  
 
 
2,410,897
 
 
1,483,847

Total assets less current liabilities
  
3,787,852
2,219,606

Creditors: amounts falling due after more than one year
 11 
(341,698)
(6,495)

Provisions for liabilities
  

Deferred tax
 13 
(221,388)
(154,950)

Other provisions
 14 
-
(20,000)

  
 
 
(221,388)
 
 
(174,950)

Net assets
  
3,224,766
2,038,161


Capital and reserves
  

Called up share capital 
 15 
200
200

Profit and loss account
 16 
3,224,566
2,037,961

  
3,224,766
2,038,161


Page 2

 
Stellar Entertainment Software Limited
Registered number:NI640434

Balance Sheet (continued)
As at 31 October 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2024.



Mr Paul Ross
Director

The notes on pages 4 to 15 form part of these financial statements.

Page 3

 
Stellar Entertainment Software Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2023

1.


General information

Stellar Entertainment Software Limited is a company limited by shares and incorporated in Northern Ireland.  The registered office is Donegall Square West, Belfast, Northern Ireland, BT1 6JT. The principal activity of the company the production of entertainment software.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The company is exempt by virtue of s399 of the Companies Act 2006 from preparing consolidated accounts, as the group is small therefore, the financial statements present the results of the company only, and not its group.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

Page 4

 
Stellar Entertainment Software Limited
 

Notes to the Financial Statements
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

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

At each 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 period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 
Stellar Entertainment Software Limited
 

Notes to the Financial Statements
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

 
Stellar Entertainment Software Limited
 

Notes to the Financial Statements
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.10

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.11

 Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Amortisation is charged to allocate the cost of intangible assets at 33% straight line.

 
2.12

 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 7

 
Stellar Entertainment Software Limited
 

Notes to the Financial Statements
For the Year Ended 31 October 2023

2.Accounting policies (continued)


2.12
 Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property improvements
-
10%
Straight line
Motor vehicles
-
20%
Straight line
Fixtures and fittings
-
20%
Straight line
Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.13

 Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.14

 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 8

 
Stellar Entertainment Software Limited
 

Notes to the Financial Statements
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.17

 Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.18

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated
and are based on historical experience and other factors, including expectations of future events that are
believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of
judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related
actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to
the carrying amounts of assets and liabilities within the next financial year are addressed below:
a) Recoverability of debtors
Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level
of provisions required, factors including current trading experience, historical experience and the aging
profile of debtors are considered.
b) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic
lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually.
They are amended when necessary to reflect current estimates, based on future investments, economic
utilisation and the physical condition of the assets. 
c) Carrying value of investments
Investment in subsidiary undertakings is measured at cost less accumulated impairment. Where there is an
indication of impairment the recoverable amount is estimated and compared with the carrying amount. The
estimate of recoverable amount is considered in light of the trading and balance sheet strength of the
subsidiary together with the director's best estimate of future performance of the subsidiary.
d) Long term contract revenue
Recognised amounts of long term revenues and related receivables reflect management’s best estimate of
each contract’s outcome and stage of completion. This includes the assessment of the profitability of on-
going contracts and the order backlog. For more complex contracts in particular, costs to complete and
contract profitability are subject to significant estimation uncertainty. 

Page 9

 
Stellar Entertainment Software Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2023

4.


Employees

The average monthly number of employees, including directors, during the year was 41 (2022 - 30).


5.


Intangible assets




Development expenditure

£



Cost


At 1 November 2022
591,320



At 31 October 2023

591,320



Amortisation


At 1 November 2022
195,491


Charge for the year
195,135



At 31 October 2023

390,626



Net book value



At 31 October 2023
200,694



At 31 October 2022
395,829



Page 10

 
Stellar Entertainment Software Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2023

6.


Tangible fixed assets





Leasehold property improvements
Fixtures and fittings
Computer equipment
Motor vehicles
Total

£
£
£
£
£



Cost or valuation


At 1 November 2022
116,114
116,500
313,125
57,835
603,574


Additions
828,411
87,231
197,491
-
1,113,133



At 31 October 2023

944,525
203,731
510,616
57,835
1,716,707



Depreciation


At 1 November 2022
40,054
39,585
172,836
11,370
263,845


Charge for the year
110,426
35,080
120,095
11,567
277,168



At 31 October 2023

150,480
74,665
292,931
22,937
541,013



Net book value



At 31 October 2023
794,045
129,066
217,685
34,898
1,175,694



At 31 October 2022
76,060
76,915
140,289
46,465
339,729

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Leasehold property
447,099
-

Motor vehicles
34,898
46,465

481,997
46,465

Page 11

 
Stellar Entertainment Software Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2023

7.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2022
201


Additions
366



At 31 October 2023
567





8.


Debtors

2023
2022
£
£


Trade debtors
3,033
1,295

Amounts owed by group undertakings
5,021
1,009

Other debtors
1,045,083
290,132

Prepayments and accrued income
655,005
735,625

Tax recoverable
-
388,495

1,708,142
1,416,556



9.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,271,974
640,736

Less: bank overdrafts
(21)
-

1,271,953
640,736


Page 12

 
Stellar Entertainment Software Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2023

10.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
21
-

Trade creditors
176,286
129,224

Amounts owed to group undertakings
-
36,842

Corporation tax
128,914
-

Other taxation and social security
74,375
-

Obligations under finance lease and hire purchase contracts
97,631
25,297

Other creditors
19,200
7,723

Accruals and deferred income
72,792
374,359

569,219
573,445


Amounts owed to group undertakings are unsecured, interest free and repayable on demand. Trade and other creditors are payable at various dates over the coming months in accordance with the suppliers’ usual and customary credit terms. Corporation tax and other taxes including social insurance are repayable at various dates over the coming months in accordance with the applicable statutory provisions.


11.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
341,698
6,495

341,698
6,495



12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
97,631
25,297

Between 1-5 years
341,698
6,495

439,329
31,792

Page 13

 
Stellar Entertainment Software Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2023

13.


Deferred taxation




2023
2022


£

£






At beginning of year
154,950
161,764


Charged to profit or loss
66,438
(6,814)



At end of year
221,388
154,950

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset timing differences
221,388
154,950

221,388
154,950


14.


Provisions




Software
design
tuning
provision

£





At 1 November 2022
20,000


Charged to profit or loss
(20,000)



At 31 October 2023
-


15.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) Ordinary shares of £1.00 each
200
200


Page 14

 
Stellar Entertainment Software Limited
 
 
Notes to the Financial Statements
For the Year Ended 31 October 2023

16.


Reserves

Profit and loss account

This includes all current and prior period profits. 


17.


Commitments under operating leases

At 31 October 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
261,878
94,676

Later than 1 year and not later than 5 years
1,248,480
1,193,107

Later than 5 years
1,476,890
1,794,141

2,987,248
3,081,924


18.


Related party transactions

The company had the following related party transactions during the year:
The company has availed of the exemption under FRS102 section 33 which does not require disclosure of transactions entered into between any subsidiary undertaking which is wholly owned by a member of that group.
During the year the company had net transactions with the Director of £2,568. At the balance sheet date the amount owed to the Director was £5,155 (2022: £7,723).


19.


Post balance sheet events

The company registered as a guarantor on a loan taken out by a related party, within the group after the  balance sheet date. The loan is with Arbuthnot Latham & Co and is secured by a fixed and floating charge over the property and undetakings of the company.


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