Company Registration No. 11876063 (England and Wales)
Immortal Games Limited
Unaudited accounts
for the year ended 31 March 2024
Immortal Games Limited
Unaudited accounts
Contents
Immortal Games Limited
Company Information
for the year ended 31 March 2024
Directors
Ole Petter Hoeie
Peter Dag Wilhelm Bille
Bjoern Eirik Hamer
Aleksander Majewski-Trefall
Company Number
11876063 (England and Wales)
Registered Office
Cca, Sussex Innovation Centre
Science Park Square
Brighton
East Sussex
BN1 9SB
United Kingdom
Accountants
Collective Concepts Accounting Ltd
Immortal Games Limited
Statement of financial position
as at 31 March 2024
Intangible assets
314,862
321,853
Investments
201,005
201,005
Cash at bank and in hand
347
743
Creditors: amounts falling due within one year
(590,515)
(321,547)
Net current liabilities
(539,825)
(289,883)
Net (liabilities)/assets
(23,958)
233,114
Called up share capital
13,082
13,082
Share premium
305,736
305,736
Profit and loss account
(342,776)
(85,704)
Shareholders' funds
(23,958)
233,114
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Ole Petter Hoeie
Director
Company Registration No. 11876063
Immortal Games Limited
Notes to the Accounts
for the year ended 31 March 2024
Immortal Games Limited is a private company, limited by shares, registered in England and Wales, registration number 11876063. The registered office is Cca, Sussex Innovation Centre, Science Park Square , Brighton, East Sussex, BN1 9SB, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 Years Straight Line
Computer equipment
3 Years Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation for development costs and other intangibles is 10 years straight line.
Salary expenditure on research and development is written off in the year in which it is incurred.
Other that salaries, expenditure on research and development is capitlised as an intangible assets in the year in which it is incurred.
Investment in subsidiaries
Investment in subsidiaries are accounted for at cost less impairment in these individual financial statements.
The company is exempt from preparing group accounts under Companies Act 2006 S399(2A).
Immortal Games Limited
Notes to the Accounts
for the year ended 31 March 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Intangible fixed assets
Other
Charge for the year
40,528
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
871
832
1,703
At 31 March 2024
871
832
1,703
At 1 April 2023
871
693
1,564
Charge for the year
-
139
139
At 31 March 2024
871
832
1,703
At 31 March 2023
-
139
139
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Investments
Subsidiary undertakings
Valuation at 1 April 2023
201,005
Valuation at 31 March 2024
201,005
The company had interests in the following subsidiary, Pt. Positive Gaming Bali PMA.
The proportion of shares held is 73.3%, the country of incorporation is Indonesia and the nature of business is a game production company
Immortal Games Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Other debtors
50,337
30,921
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
66,385
64,903
Amounts owed to group undertakings and other participating interests
222,932
197,698
Taxes and social security
13,332
3,654
Other creditors
269,433
27,504
Loans from directors
18,433
27,788
Allotted, called up and fully paid:
13,082 Ordinary shares of £1 each
13,082
13,082
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Transactions with related parties
In the current period reported the subsidiary, Pt. Positive Gaming Bali PMA provided loans to Immortal Games Limited with a balance of £222,931 (2022: £197,698).
These loans have no interest and has no terms of repayment.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).