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REGISTERED NUMBER: 06519943 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

STATE OF PLAY GAMES LTD

STATE OF PLAY GAMES LTD (REGISTERED NUMBER: 06519943)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STATE OF PLAY GAMES LTD

Company Information
for the year ended 31 March 2024







DIRECTORS: K Whittaker
L Whittaker





SECRETARY: K Whittaker





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





REGISTERED NUMBER: 06519943 (England and Wales)





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

STATE OF PLAY GAMES LTD (REGISTERED NUMBER: 06519943)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 18,673 7,052
Investments 5 837,687 827,151
856,360 834,203

CURRENT ASSETS
Debtors 6 405,065 407,639
Cash at bank 1,050,854 1,091,897
1,455,919 1,499,536
CREDITORS
Amounts falling due within one year 7 (62,750 ) (58,056 )
NET CURRENT ASSETS 1,393,169 1,441,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,249,529

2,275,683

PROVISIONS FOR LIABILITIES 8 (4,668 ) (2,161 )
NET ASSETS 2,244,861 2,273,522

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 2,244,859 2,273,520
SHAREHOLDERS' FUNDS 2,244,861 2,273,522

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

STATE OF PLAY GAMES LTD (REGISTERED NUMBER: 06519943)

Balance Sheet - continued
31 March 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 31 January 2025 and were signed on its behalf by:




L Whittaker - Director



K Whittaker - Director


STATE OF PLAY GAMES LTD (REGISTERED NUMBER: 06519943)

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

1. STATUTORY INFORMATION

State Of Play Games Ltd 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 the provisions of Section 1A "Small Entities" of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 from the sale of video games are recognised at the point of sale. Revenue from advertisement commissions are recongised when earned.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation 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 economic life.

Plant & machinery-25% reducing balance
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.

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.

STATE OF PLAY GAMES LTD (REGISTERED NUMBER: 06519943)

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

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.

Impairment
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.

Investments
Fixed asset investments includes investments is listed shares. The valuation at the reporting date is measured at fair value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 10,310 12,580 22,890
Additions 8,704 7,314 16,018
At 31 March 2024 19,014 19,894 38,908
DEPRECIATION
At 1 April 2023 6,487 9,351 15,838
Charge for year 1,714 2,683 4,397
At 31 March 2024 8,201 12,034 20,235
NET BOOK VALUE
At 31 March 2024 10,813 7,860 18,673
At 31 March 2023 3,823 3,229 7,052

STATE OF PLAY GAMES LTD (REGISTERED NUMBER: 06519943)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 827,151
Disposals (88,613 )
Revaluations 91,837
Reversal of impairments 1,911
Exchange differences (13,037 )
Dividends received 18,438
At 31 March 2024 837,687
NET BOOK VALUE
At 31 March 2024 837,687
At 31 March 2023 827,151

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2022 920,950
Valuation in 2023 (93,799 )
Valuation in 2024 10,536
837,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 405,065 407,639

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 780 780
Taxation and social security 51,938 45,237
Other creditors 10,032 12,039
62,750 58,056

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,668 2,161

STATE OF PLAY GAMES LTD (REGISTERED NUMBER: 06519943)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 2,161
Charge to Income Statement during year 2,507
Accelerated capital allowances
Balance at 31 March 2024 4,668

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 ORDINARY £1 2 2

10. RELATED PARTY DISCLOSURES

During the year, the company loaned an amount of £5,450 to a related company, which has the same directors and shareholders. The total loan is £386,448 (2023 - £380,998)