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REGISTERED NUMBER: 12989918 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PLAYSMART SOLUTIONS (LONDON) LIMITED

PLAYSMART SOLUTIONS (LONDON) LIMITED (REGISTERED NUMBER: 12989918)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLAYSMART SOLUTIONS (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: B Hillen
N Trajkov





REGISTERED OFFICE: Edinburgh House
Kennington Lane 170
London
SE11 5DP





REGISTERED NUMBER: 12989918 (England and Wales)





ACCOUNTANTS: Owadally & King
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

PLAYSMART SOLUTIONS (LONDON) LIMITED (REGISTERED NUMBER: 12989918)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 397,207 110,836
Tangible assets 5 6,581 -
403,788 110,836

CURRENT ASSETS
Debtors 6 167,335 77,945
Cash at bank 19,847 5,264
187,182 83,209
CREDITORS
Amounts falling due within one year 7 1,065,587 298,087
NET CURRENT LIABILITIES (878,405 ) (214,878 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(474,617

)

(104,042

)

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings 9 (494,617 ) (124,042 )
SHAREHOLDERS' FUNDS (474,617 ) (104,042 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

PLAYSMART SOLUTIONS (LONDON) LIMITED (REGISTERED NUMBER: 12989918)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 29 November 2024 and were signed on its behalf by:





N Trajkov - Director


PLAYSMART SOLUTIONS (LONDON) LIMITED (REGISTERED NUMBER: 12989918)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Playsmart Solutions (London) 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on 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.

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.

PLAYSMART SOLUTIONS (LONDON) LIMITED (REGISTERED NUMBER: 12989918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022 128,610
Additions 332,480
At 30 November 2023 461,090
AMORTISATION
At 1 December 2022 17,774
Charge for year 46,109
At 30 November 2023 63,883
NET BOOK VALUE
At 30 November 2023 397,207
At 30 November 2022 110,836

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 8,774
At 30 November 2023 8,774
DEPRECIATION
Charge for year 2,193
At 30 November 2023 2,193
NET BOOK VALUE
At 30 November 2023 6,581

PLAYSMART SOLUTIONS (LONDON) LIMITED (REGISTERED NUMBER: 12989918)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,789 -
Other debtors 142,546 77,945
167,335 77,945

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,278 2
Amounts owed to group undertakings 993,849 -
Taxation and social security 7,902 1,998
Other creditors 49,558 296,087
1,065,587 298,087

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
4,000,000 Share capital 1 0.005 20,000 20,000

9. RESERVES
Retained
earnings
£   

At 1 December 2022 (124,042 )
Deficit for the year (370,575 )
At 30 November 2023 (494,617 )

10. GOING CONCERN

The accounts have been prepared on the understanding that the parent company, NVMBS Holding Limited will support the company for the foreseeable future.