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Registered number: 15181116

Real Fun Group Limited

ACCOUNTS
FOR THE 91 DAY PERIOD ENDED 31/12/2023

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Real Fun Group Limited

ACCOUNTS
FOR THE 91 DAY PERIOD ENDED 31/12/2023
DIRECTORS
Kevin McGinnigle
REGISTERED OFFICE
Unit 7, The Court House
72 Moorland Road
Stoke-on-Trent
ST6 1DY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 15181116
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Real Fun Group Limited

ACCOUNTS
FOR THE91 DAY PERIODENDED31/12/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Real Fun Group Limited

BALANCE SHEET AT 31/12/2023
2023
Notes£
FIXED ASSETS
Investment Assets3478,035
CURRENT ASSETS
Debtors42,182,685
Cash at bank and in hand16,959
2,199,644
CREDITORS: Amounts falling due within one year51,773,670
NET CURRENT ASSETS425,974
TOTAL ASSETS LESS CURRENT LIABILITIES904,009
NET ASSETS904,009
CAPITAL AND RESERVES
Called up share capital82,000
Share premium account9997,804
Profit and loss account(95,795)
SHAREHOLDERS' FUNDS904,009
For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/11/2024 and signed on their behalf by
Kevin McGinnigle
Director

Real Fun Group Limited

NOTES TO THE ACCOUNTS
FOR THE 91 DAY PERIOD ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
2023
No.No.
Average number of employees1
3. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
Additions478,035478,035
At 31/12/2023478,035478,035
Amortisation
Net Book Amounts
At 31/12/2023478,035478,035
The company holds 100% of the share capital of Witnall Automatics Limited; a company that operates a number of Bingo Halls and associated entertainment venues and is incorporated in England & Wales. The aggregate amount of capital and reserves for this company as at 31 December 2023 were £1,437,602 (30 June 2023 - £186,785). The profit of Witnall Automatics Limited for the six months ended 31 December 2023 was a £1,250,818 (year ended 30 June 2023 - profit £66,999).
The company holds 100% of the share capital of Majestic Bingo Online Limited; an online Bingo company incorporated in England & Wales. The agregate amount of capital and reserves for this company as at 31 December 2023 were £8,964 (2022 - £63,790). The profit of Majestic Bingo Online Limtied for the year ended 31 December 2023 was a loss of £54,826 (2022 - profit £76,391).

Real Fun Group Limited

4. DEBTORS 2023
£
Amounts falling due within one year
VAT9,060
Other debtors523,750
Amounts due from group companies1,620,873
Prepayments17,250
Deferred taxation11,752
2,182,685
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Loans1,737,500
Trade creditors2,717
Other creditors32,223
Accruals1,230
1,773,670
6. SECURED CREDITORS
2023
£
Amount of other creditors which are secured1,737,500
There is a fixed and floating charge over all of the assets of Real Fun Group Limited by the lender providing additional funding regarding the subsidiary Witnall Automatics Limited acquiring eight bingo halls.There is also security over the assets of the subsidiary Witnall Automatics Limited and a personal guarantee by the director Mr K McGinnigle to the lender. The loan was initially for a one year period with a view to extend which the director is currently in the process of negotiating. It is anticipated that these negotiations will be completed shortly and an extention to the loan agreed.

Real Fun Group Limited

7. PROVISIONS FOR LIABILITIES 2023
£
Deferred taxation(11,752)
8. SHARE CAPITAL 2023
£
Allotted, issued and fully paid:
20,000 Ordinary Shares of £0.10 each2,000
2,000
9. SHARE PREMIUM ACCOUNT 2023
£
Share premium account997,804