Soul Assembly Holdings Ltd 13968516 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is acting as a holding company Digita Accounts Production Advanced 6.30.9574.0 true false true true 13968516 2023-10-01 2024-09-30 13968516 2024-09-30 13968516 core:ShareCapital 2024-09-30 13968516 core:CurrentFinancialInstruments 2024-09-30 13968516 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 13968516 bus:SmallEntities 2023-10-01 2024-09-30 13968516 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13968516 bus:FilletedAccounts 2023-10-01 2024-09-30 13968516 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 13968516 bus:RegisteredOffice 2023-10-01 2024-09-30 13968516 bus:Director1 2023-10-01 2024-09-30 13968516 bus:Director2 2023-10-01 2024-09-30 13968516 bus:Director3 2023-10-01 2024-09-30 13968516 bus:Director4 2023-10-01 2024-09-30 13968516 bus:Director5 2023-10-01 2024-09-30 13968516 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13968516 core:Subsidiary1 2023-10-01 2024-09-30 13968516 core:Subsidiary1 1 2023-10-01 2024-09-30 13968516 core:Subsidiary1 countries:UnitedKingdom 2023-10-01 2024-09-30 13968516 countries:EnglandWales 2023-10-01 2024-09-30 13968516 2022-10-01 2023-09-30 13968516 2023-09-30 13968516 core:ShareCapital 2023-09-30 13968516 core:CurrentFinancialInstruments 2023-09-30 13968516 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 13968516 core:Subsidiary1 1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 13968516

Soul Assembly Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Soul Assembly Holdings Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Soul Assembly Holdings Ltd

Company Information

Directors

Mr A Zoro

Mr D Osbourn

Mr A Wafer

Mr AR Williams

Mr D Solari

Registered office

Regent Square House
Regent Street
Leamington Spa
Warwickshire
CV32 4NS

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Soul Assembly Holdings Ltd

(Registration number: 13968516)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

248,016

248,016

Current assets

 

Debtors

5

1,246,575

1,246,575

Creditors: Amounts falling due within one year

6

(1,494,579)

(1,494,579)

Net current liabilities

 

(248,004)

(248,004)

Net assets

 

12

12

Capital and reserves

 

Called up share capital

12

12

Shareholders' funds

 

12

12

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 November 2024 and signed on its behalf by:
 

.........................................
Mr AR Williams
Director

   
     
 

Soul Assembly Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Regent Square House
Regent Street
Leamington Spa
Warwickshire
CV32 4NS
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Soul Assembly Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Investments

2024
£

2023
£

Investments in subsidiaries

248,016

248,016

Subsidiaries

£

Cost or valuation

At 1 October 2023

248,016

Carrying amount

At 30 September 2024

248,016

At 30 September 2023

248,016

 

Soul Assembly Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Soul Assembly Ltd

Regent Square House
Regent Street
Leamington Spa
CV32 4NS

United Kingdom

Ordinary

100%

100%

Subsidiary undertakings

Soul Assembly Ltd

The principal activity of Soul Assembly Ltd is the development of video games.

5

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

7

1,246,563

1,246,563

Other debtors

 

12

12

   

1,246,575

1,246,575

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

1,494,579

1,494,579

 

Soul Assembly Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Related party transactions


Pixel Toys Limited
On 1 April 2022 the company acquired Soul Assembly Limited from Pixel Toys Limited, a company with common directors.

At 30 September 2024 an amount of £1,494,579 was owed to Pixel Toys Limited.

In October 2024, Pixel Toys Limited agreed to provide Soul Assembly Holdings Ltd with an additional short term loan facility of up to £500,000.

Soul Assembly Limited
The company has taken advantage of the exemption in FRS 102 Section 33.1A from disclosing transactions with other wholly-owned members of the group.