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REGISTERED NUMBER: 09686235 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

HOLLOW PONDS GAMES LIMITED

HOLLOW PONDS GAMES LIMITED (REGISTERED NUMBER: 09686235)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLLOW PONDS GAMES LIMITED

Company Information
for the year ended 31 July 2024







DIRECTORS: R J Haggett
N A Haggett





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





REGISTERED NUMBER: 09686235 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

HOLLOW PONDS GAMES LIMITED (REGISTERED NUMBER: 09686235)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,072 11,917
Investments 5 1 1
7,073 11,918

CURRENT ASSETS
Debtors 6 81,355 93,618
Cash at bank 183,513 208,054
264,868 301,672
CREDITORS
Amounts falling due within one year 7 (214,828 ) (134,038 )
NET CURRENT ASSETS 50,040 167,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,113

179,552

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 57,013 179,452
SHAREHOLDERS' FUNDS 57,113 179,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HOLLOW PONDS GAMES LIMITED (REGISTERED NUMBER: 09686235)

Balance Sheet - continued
31 July 2024


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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





N A Haggett - Director


HOLLOW PONDS GAMES LIMITED (REGISTERED NUMBER: 09686235)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Hollow Ponds Games 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Fixtures & fittings-4 years on cost
Computer equipment-4 years on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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.


HOLLOW PONDS GAMES LIMITED (REGISTERED NUMBER: 09686235)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
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.

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.

Impairment policy
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 12,490 20,508 32,998
DEPRECIATION
At 1 August 2023 4,981 16,100 21,081
Charge for year 2,731 2,114 4,845
At 31 July 2024 7,712 18,214 25,926
NET BOOK VALUE
At 31 July 2024 4,778 2,294 7,072
At 31 July 2023 7,509 4,408 11,917

HOLLOW PONDS GAMES LIMITED (REGISTERED NUMBER: 09686235)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 1
NET BOOK VALUE
At 31 July 2024 1
At 31 July 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 81,355 93,618

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,812 397
Amounts owed to group undertakings 126,287 42,673
Taxation and social security 8,323 35,575
Other creditors 73,406 55,393
214,828 134,038

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
N A Haggett and R J Haggett
Balance outstanding at start of year 17,154 17,112
Amounts advanced 26,224 20,215
Amounts repaid (20,929 ) (20,173 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,449 17,154

HOLLOW PONDS GAMES LIMITED (REGISTERED NUMBER: 09686235)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Directors' loans are charged interest at the official interest rate provided by HMRC and are repayable on demand.

10. RELATED PARTY DISCLOSURES

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 between the company and its subsidiary Hollow Ponds Games Development Limited.