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REGISTERED NUMBER: 06306411 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Kalypso Media UK Limited

Kalypso Media UK Limited (Registered number: 06306411)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kalypso Media UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Johnson



REGISTERED OFFICE: 4 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP



REGISTERED NUMBER: 06306411 (England and Wales)



SENIOR STATUTORY AUDITOR: ANILKUMAR TAILOR



AUDITORS: Celerica Ltd (Statutory Auditors)
First Floor
The Old Chapel
9 Kempson Road
Leicester
LE2 8AN

Kalypso Media UK Limited (Registered number: 06306411)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 345 525

CURRENT ASSETS
Stocks 86,072 131,757
Debtors 6 409,633 221,882
Cash at bank and in hand 2,194,477 2,294,223
2,690,182 2,647,862
CREDITORS
Amounts falling due within one year 7 1,940,081 2,036,464
NET CURRENT ASSETS 750,101 611,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

750,446

611,923

PROVISIONS FOR LIABILITIES 86 100
NET ASSETS 750,360 611,823

CAPITAL AND RESERVES
Called up share capital 8 500 500
Retained earnings 749,860 611,323
SHAREHOLDERS' FUNDS 750,360 611,823

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





A Johnson - Director


Kalypso Media UK Limited (Registered number: 06306411)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Kalypso Media UK Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The nature of the company's operations and principle activities are that of the retail of interactive media, primarily computer games.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the total invoice value, excluding value added tax of sales made during the year.
Revenue derived from sales of stock are recognised as achieved when the goods have been despatched to the customer.
Revenue derived from sales of digital media is considered to be met when the game licence 'key' code has been issued to the customer or the bundle of game licence 'key' codes have been issued to the distributor.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture - 25% on cost
Computer and office equipment - 33% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Kalypso Media UK Limited (Registered number: 06306411)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. AUDITORS' REMUNERATION
31.12.23 31.12.22
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

3,000

3,000

5. TANGIBLE FIXED ASSETS
Computer
and
Office office
furniture equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 4,065 4,406 8,471
DEPRECIATION
At 1 January 2023 4,065 3,881 7,946
Charge for year - 180 180
At 31 December 2023 4,065 4,061 8,126
NET BOOK VALUE
At 31 December 2023 - 345 345
At 31 December 2022 - 525 525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 407,585 216,123
Other debtors 2,048 5,759
409,633 221,882

Kalypso Media UK Limited (Registered number: 06306411)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 22,905 35,274
Amounts owed to group undertakings 1,864,450 1,945,282
Tax 33,569 42,322
Social security and other taxes 8,775 6,236
Other creditors 3,500 2,000
Accrued expenses 6,882 5,350
1,940,081 2,036,464

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
500 Ordinary £1 500 500

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

ANILKUMAR TAILOR (Senior Statutory Auditor)
for and on behalf of Celerica Ltd (Statutory Auditors)

10. FINANCIAL COMMITMENTS

Total minimum lease payments under operating leases are £73,047 (2022 - £70,774).

11. RELATED PARTY TRANSACTIONS

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. PARENT UNDERTAKING

Consolidated financial statements are prepared by the company's parent undertaking, Kalypso Media Group GmbH, Wilhelm-Leuschner-Straße 11-13, Worms, Germany, 67547.