Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-10-01falseNo description of principal activity1211truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14022208 2023-10-01 2024-05-31 14022208 2022-04-04 2023-09-30 14022208 2024-05-31 14022208 2023-09-30 14022208 c:Director1 2023-10-01 2024-05-31 14022208 d:CurrentFinancialInstruments 2024-05-31 14022208 d:CurrentFinancialInstruments 2023-09-30 14022208 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14022208 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14022208 d:ShareCapital 2024-05-31 14022208 d:ShareCapital 2023-09-30 14022208 d:SharePremium 2024-05-31 14022208 d:SharePremium 2023-09-30 14022208 d:RetainedEarningsAccumulatedLosses 2024-05-31 14022208 d:RetainedEarningsAccumulatedLosses 2023-09-30 14022208 c:OrdinaryShareClass1 2023-10-01 2024-05-31 14022208 c:OrdinaryShareClass1 2024-05-31 14022208 c:OrdinaryShareClass1 2023-09-30 14022208 c:OrdinaryShareClass2 2023-10-01 2024-05-31 14022208 c:OrdinaryShareClass2 2024-05-31 14022208 c:OrdinaryShareClass2 2023-09-30 14022208 c:OrdinaryShareClass3 2023-10-01 2024-05-31 14022208 c:OrdinaryShareClass3 2024-05-31 14022208 c:OrdinaryShareClass3 2023-09-30 14022208 c:OrdinaryShareClass4 2023-10-01 2024-05-31 14022208 c:OrdinaryShareClass4 2024-05-31 14022208 c:FRS102 2023-10-01 2024-05-31 14022208 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-05-31 14022208 c:FullAccounts 2023-10-01 2024-05-31 14022208 c:PrivateLimitedCompanyLtd 2023-10-01 2024-05-31 14022208 e:PoundSterling 2023-10-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14022208









BLOCKBORN LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2024

 
BLOCKBORN LTD
REGISTERED NUMBER: 14022208

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

31 May
30 September
2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
2,301,833
1,605,525

Debtors: amounts falling due within one year
 5 
399,738
3,073

Cash at bank and in hand
 6 
21,986
763,433

  
2,723,557
2,372,031

Creditors: amounts falling due within one year
 7 
(31,569)
(65,592)

Net current assets
  
 
 
2,691,988
 
 
2,306,439

Total assets less current liabilities
  
2,691,988
2,306,439

  

Net assets
  
2,691,988
2,306,439


Capital and reserves
  

Called up share capital 
 8 
1,383
1,383

Share premium account
  
2,308,056
2,308,056

Profit and loss account
  
382,549
(3,000)

  
2,691,988
2,306,439


The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
BLOCKBORN LTD
REGISTERED NUMBER: 14022208
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2024.




A R Colclough
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
BLOCKBORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Blockborn Ltd is a private limited company, registered in England and Wales. The address of its registered office is  at 124 Finchley Road, London, NW3 5JS.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
The company is eligible to claim a tax credit on video game production costs. The tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The company claims a payment based on the amount of enhanceable expenditure and carries losses arising from total net costs forward against future profits.

 
2.4

Stocks

Stocks comprise video game production costs, which are recorded as a current asset. Video game
production costs are amortised to the Statement of Income and Retained Earnings over the period in
which rights to the relevant video game are being exploited by the company.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

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.

 
2.7

Creditors

Short term creditors are measured at the transaction price, less any impairment.

Page 3

 
BLOCKBORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 12 (2023 - 11).


4.


Stocks

31 May
30 September
2024
2023
£
£

Production cost
2,301,833
1,605,525

2,301,833
1,605,525



5.


Debtors

31 May
30 September
2024
2023
£
£


Other debtors
2,924
3,073

Tax recoverable
396,814
-

399,738
3,073



6.


Cash and cash equivalents

31 May
30 September
2024
2023
£
£

Cash at bank and in hand
21,986
763,433

21,986
763,433


Page 4

 
BLOCKBORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

31 May
30 September
2024
2023
£
£

Trade creditors
12,857
18,384

Other taxation and social security
7,383
31,202

Other creditors
7,329
13,006

Accruals and deferred income
4,000
3,000

31,569
65,592


Page 5

 
BLOCKBORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

8.


Share capital

31 May
30 September
2024
2023
£
£
Allotted, called up and fully paid



685,416 (2023 - 940,000) A Ordinary shares of £0.001 each
685
940
60,000 (2023 - 60,000) B Ordinary shares of £0.001 each
60
60
383,333 (2023 - 383,330) Series Seed shares of £0.001 each
383
383
254,583 (2023 - 0) Deferred shares of £0.001 each
255
-

1,383

1,383

During the period, the company converted 254,583 Ordinary A shares of £0.001 each to 254,583 Deferred shares of £0.001 each.


 
Page 6