REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
VISION GAMES PUBLISHING LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
VISION GAMES PUBLISHING LTD |
VISION GAMES PUBLISHING LTD (REGISTERED NUMBER: 09453260) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 30 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
VISION GAMES PUBLISHING LTD |
Company Information |
FOR THE YEAR ENDED 30 JUNE 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Ferrari House |
258 Field End Road |
Ruislip |
Middlesex |
HA4 9UU |
VISION GAMES PUBLISHING LTD (REGISTERED NUMBER: 09453260) |
Balance Sheet |
30 JUNE 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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 were approved by the Board of Directors and authorised for issue on |
VISION GAMES PUBLISHING LTD (REGISTERED NUMBER: 09453260) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
Vision Games Publishing Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The directors have concluded that the company is and remains a going concern based on support by Vision Games 1 Limited, a Guernsey registered company, that is their parent company. |
Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
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. |
Income and expenses |
Income and expenses have been recongised on a cash bases this year, which is a change from the accrual bases used last year. There is no material difference in the accounts between both approaches, therefore no figures have been adjusted. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
VISION GAMES PUBLISHING LTD (REGISTERED NUMBER: 09453260) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Included in other creditors, is a loan of £152,693 (2023: £392,323) from Vision Games 1 Ltd, which is a company registered in Guernsey, that controls the company. The loan was fully paid back on 22 July 2024, no interest was charged. |
During the year, the reduction in the loan was due to £100,000 payment and £139,630 of the loan was written off. |
6. | ULTIMATE CONTROLLING PARTY |
The controlling party is Vision Games 1 Ltd.. |
The ultimate controlling party is the Trustees of the BT Pension Scheme via Britel Fund Trustees Ltd as the custodian Trustee. |
The shares were transferred to the current directors after the year end, but before these accounts were produced. |