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REGISTERED NUMBER: 10103578 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 December 2023

for

NERIAL LTD

NERIAL LTD (REGISTERED NUMBER: 10103578)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Income Statement 8

Other Comprehensive Income 9

Statement of Financial Position 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


NERIAL LTD

Company Information
for the year ended 31 December 2023







DIRECTORS: T Alliot
D Morin
G S Struthers





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





REGISTERED NUMBER: 10103578 (England and Wales)





AUDITORS: Feist Hedgethorne Limited
Statutory Auditors
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

NERIAL LTD (REGISTERED NUMBER: 10103578)

Report of the Directors
for the year ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of video game developer.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

T Alliot
D Morin
G S Struthers

GOING CONCERN
The directors have 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.

DIRECTOR'S INTERESTS IN CONTRACTS OF SIGNIFICANCE
There were no contracts of significance to which the company was a party, and in which the director of the company had a material interest, whether directly or indirectly, subsisting at the end of the year or at any time during the year.

DIRECTOR'S INDEMNITIES
The company has made no qualifying third party indemnity payments for the benefit of the directors during the year.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.


NERIAL LTD (REGISTERED NUMBER: 10103578)

Report of the Directors
for the year ended 31 December 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





T Alliot - Director


10 September 2024

Report of the Independent Auditors to the Members of
Nerial Ltd

Opinion
We have audited the financial statements of Nerial Ltd (the 'company') for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 'Reduced Disclosure Framework' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Nerial Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Nerial Ltd


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

-the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognize non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the gaming sector.
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.


We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential
bias; and
- investigated the rationale behind significant or unusual transactions

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims;

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Nerial Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Chris Morey (Senior Statutory Auditor)
for and on behalf of Feist Hedgethorne Limited
Statutory Auditors
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

10 September 2024

NERIAL LTD (REGISTERED NUMBER: 10103578)

Income Statement
for the year ended 31 December 2023

2023 2022
as restated
Notes £    £   

TURNOVER 1,751,784 2,120,538

Cost of sales (87,765 ) (78,235 )
GROSS PROFIT 1,664,019 2,042,303

Administrative expenses (1,130,714 ) (553,641 )
533,305 1,488,662

Other operating income - 156,430
OPERATING PROFIT 533,305 1,645,092

Interest receivable and similar income - 345
PROFIT BEFORE TAXATION 4 533,305 1,645,437

Tax on profit 5 112,577 27,040
PROFIT FOR THE FINANCIAL YEAR 645,882 1,672,477

NERIAL LTD (REGISTERED NUMBER: 10103578)

Other Comprehensive Income
for the year ended 31 December 2023

2023 2022
as restated
Notes £    £   

PROFIT FOR THE YEAR 645,882 1,672,477


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

645,882

1,672,477
Note
Prior year adjustment 6 502,315 (417,755 )
TOTAL COMPREHENSIVE INCOME
SINCE LAST ANNUAL REPORT

1,148,197

1,254,722

NERIAL LTD (REGISTERED NUMBER: 10103578)

Statement of Financial Position
31 December 2023

2023 2022 2022
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 7 1,572,345 1,230,010 429,952
Tangible assets 8 14,979 18,546 16,787
1,587,324 1,248,556 446,739

CURRENT ASSETS
Debtors 9 2,715,954 2,359,284 823,992
Cash at bank 217,083 232,087 875,190
2,933,037 2,591,371 1,699,182
CREDITORS
Amounts falling due within one year 10 (90,681 ) (56,620 ) (35,240 )
NET CURRENT ASSETS 2,842,356 2,534,751 1,663,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,429,680

3,783,307

2,110,681

PROVISIONS FOR LIABILITIES 11 (3,096 ) (2,605 ) (2,456 )
NET ASSETS 4,426,584 3,780,702 2,108,225

CAPITAL AND RESERVES
Called up share capital 12 18 18 18
Share premium 13 299,993 299,993 299,993
Retained earnings 13 4,126,573 3,480,691 1,808,214
SHAREHOLDERS' FUNDS 4,426,584 3,780,702 2,108,225

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





T Alliot - Director


NERIAL LTD (REGISTERED NUMBER: 10103578)

Statement of Changes in Equity
for the year ended 31 December 2023

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1 January 2022 18 2,225,969 299,993 2,525,980
Prior year adjustment - (417,755 ) - (417,755 )
As restated 18 1,808,214 299,993 2,108,225

Changes in equity
Total comprehensive income - 1,170,162 - 1,170,162
Balance at 31 December 2022 18 2,978,376 299,993 3,278,387
Prior year adjustment - 502,315 - 502,315
As restated 18 3,480,691 299,993 3,780,702

Changes in equity
Total comprehensive income - 645,882 - 645,882
Balance at 31 December 2023 18 4,126,573 299,993 4,426,584

NERIAL LTD (REGISTERED NUMBER: 10103578)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Nerial 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 preparation
These financial statements have been prepared in accordance with the Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

For all periods up to and including the period ended 29 April 2021 the company prepared its financial statements in accordance with UK GAAP. These financial statements, including the comparatives, are the first the company has prepared in accordance with IFRS.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;
the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii),
B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;
the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued
Operations;
the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;
the requirements of IFRS 7 Financial Instruments: Disclosures;
the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;
the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of
IFRS 16 Leases;
the requirements of paragraph 58 of IFRS 16;
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to
(c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;
the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative
information in respect of:
- paragraph 79(a)(iv) of IAS 1;
- paragraph 73(e) of IAS 16 Property, Plant and Equipment;
- paragraph 118(e) of IAS 38 Intangible Assets;
- paragraphs 76 and 79(d) of IAS 40 Investment Property; and
- paragraph 50 of IAS 41 Agriculture;
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to
136 of IAS 1;
the requirements of IAS 7 Statement of Cash Flows;
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates
and Errors;
the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;
the requirements of paragraph 74(b) of IAS 16;
the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into
between two or more members of a group;
the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT.

Revenue from ready-made interactive leisure and entertainment software development are recognised at the point of sale and based on accruals basis.

NERIAL LTD (REGISTERED NUMBER: 10103578)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Intangible assets
Development costs
Game development costs are capitalised in the balance sheet in the year of expenditure in line with the parent company's Group capitalisation policy. Costs which do not meet the criteria are expensed through the profit and loss account.

Costs are amortised over a three year period once the game has been released and the amortisation rate is based on 60% in year one and 20% in each of year two and three.

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

Computer equipment - 33% on cost

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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employee benefit costs
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 the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

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.

NERIAL LTD (REGISTERED NUMBER: 10103578)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS
2023 2022
as restated
£    £   
Wages and salaries 267,361 121,084
Social security costs 30,596 10,989
Other pension costs 4,684 1,806
302,641 133,879

The average number of employees during the year was as follows:
2023 2022
as restated

Directors 3 3
Sales, developers & administration 11 10
14 13

2023 2022
as restated
£    £   
Directors' remuneration 68,799 90,000
Directors' pension contributions to money purchase schemes 881 1,321

4. PROFIT BEFORE TAXATION

The profit before taxation is stated after charging/(crediting):
2023 2022
as restated
£    £   
Depreciation - owned assets 13,628 13,777
Development costs amortisation 475,540 252,076
Auditors' remuneration 8,000 9,500
Foreign exchange differences 81,403 (156,430 )

5. TAXATION

Analysis of tax income
2023 2022
as restated
£    £   
Current tax:
Corporation tax (113,068 ) (27,189 )

Deferred tax 491 149
Total tax income in income statement (112,577 ) (27,040 )

NERIAL LTD (REGISTERED NUMBER: 10103578)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. PRIOR YEAR ADJUSTMENT

The prior year figures have been amended to include income recognised in connection with the funding of one of the video games in development. Income in the prior year increased by £518,759. There was a change in the publishing agreement in August 2024 with the parent company for the funding arrangements for the development of this game. The parent company will pay for game development costs incurred by the company, going back to the commencement of the development work in December 2021.

As a result of the change above, the corporation tax refund amount has decreased by £16,444.

7. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2023 1,482,086
Additions 817,875
At 31 December 2023 2,299,961
AMORTISATION
At 1 January 2023 252,076
Amortisation for year 475,540
At 31 December 2023 727,616
NET BOOK VALUE
At 31 December 2023 1,572,345
At 31 December 2022 1,230,010

8. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 60,126
Additions 10,061
At 31 December 2023 70,187
DEPRECIATION
At 1 January 2023 41,580
Charge for year 13,628
At 31 December 2023 55,208
NET BOOK VALUE
At 31 December 2023 14,979
At 31 December 2022 18,546

NERIAL LTD (REGISTERED NUMBER: 10103578)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Amounts owed by group undertakings 270,986 -
Other debtors 2,373 14,235
Tax 156,127 86,692
VAT 10,467 8,893
Prepayments & accrued income 2,276,001 2,249,464
2,715,954 2,359,284

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors - 60
PAYE/NIC 23,209 24,035
Other creditors 12,341 2,523
Net wages 5,378 -
Accrued expenses 49,753 30,002
90,681 56,620

11. PROVISIONS FOR LIABILITIES
2023 2022
as restated
£    £   
Deferred tax 3,096 2,605

Deferred
tax
£   
Balance at 1 January 2023 2,605
Provided during year 491
Accelerated capital allowances
Balance at 31 December 2023 3,096

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
175 Ordinary £0.10 £0.10 18 18

No share options have been issued by the company.

NERIAL LTD (REGISTERED NUMBER: 10103578)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

13. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 2,978,376 299,993 3,278,369
Prior year adjustment 502,315 502,315
3,480,691 3,780,684
Profit for the year 645,882 645,882
At 31 December 2023 4,126,573 299,993 4,426,566

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Devolver Digital Inc, a company registered in the United States of America.

The consolidated financial statements of Devolver Digital Inc will be made up to 31 December 2023 and are available for inspection on request at 3267 Bee Caves Rd, #107, Box 63, Austin, Texas 78746, United States.

15. SHARE-BASED PAYMENT TRANSACTIONS

There were no share based payments made in the year.