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REGISTERED NUMBER: 10818950 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

HOLLOW PONDS GAMES DEVELOPMENT LIMITED

HOLLOW PONDS GAMES DEVELOPMENT LIMITED (REGISTERED NUMBER: 10818950)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOLLOW PONDS GAMES DEVELOPMENT 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: 10818950 (England and Wales)





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

HOLLOW PONDS GAMES DEVELOPMENT LIMITED (REGISTERED NUMBER: 10818950)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 251 494

CURRENT ASSETS
Debtors 5 223,519 202,097
Cash at bank 17,895 10,602
241,414 212,699
CREDITORS
Amounts falling due within one year 6 (34,886 ) (56,000 )
NET CURRENT ASSETS 206,528 156,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,779

157,193

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 206,778 157,192
SHAREHOLDERS' FUNDS 206,779 157,193

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.

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 DEVELOPMENT LIMITED (REGISTERED NUMBER: 10818950)

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

1. STATUTORY INFORMATION

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

Tangible fixed assets are stated at 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.

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.

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.

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.

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.

HOLLOW PONDS GAMES DEVELOPMENT LIMITED (REGISTERED NUMBER: 10818950)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 738
DEPRECIATION
At 1 August 2023 244
Charge for year 243
At 31 July 2024 487
NET BOOK VALUE
At 31 July 2024 251
At 31 July 2023 494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 126,287 42,673
Other debtors 97,232 159,424
223,519 202,097

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 471 1,586
Taxation and social security - 19,999
Other creditors 34,415 34,415
34,886 56,000

7. 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 parent Hollow Ponds Games Limited.