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Registration number: 13830212

Hardball Games Ltd

Unaudited Financial Statements

for the Period from 1 February 2024 to 31 August 2024

 

Hardball Games Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Hardball Games Ltd

(Registration number: 13830212)
Statement of Financial Position as at 31 August 2024

Note

31 August
2024
£

31 January
2024
£

Fixed assets

 

Tangible assets

4

32,832

47,776

Current assets

 

Debtors

5

31,705

25,385

Cash at bank and in hand

 

217,055

1,170,434

 

248,760

1,195,819

Creditors: Amounts falling due within one year

6

(50,199)

(87,175)

Net current assets

 

198,561

1,108,644

Net assets

 

231,393

1,156,420

Capital and reserves

 

Called up share capital

115

115

Share premium reserve

4,169,953

4,169,953

Retained earnings

(3,938,675)

(3,013,648)

Shareholders' funds

 

231,393

1,156,420

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Hardball Games Ltd

(Registration number: 13830212)
Statement of Financial Position as at 31 August 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 9 October 2024 and signed on its behalf by:
 

.........................................
Mr J R Avent
Director

   
     
 

Hardball Games Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 72
Sussex Innovation Centre Science Park Square
Falmer
Brighton
BN1 9SB

These financial statements were authorised for issue by the Board on 9 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Hardball Games Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 August 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Fixtures and fittings

20% straight line

Motor vehicles

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Hardball Games Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 August 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 17 (2024 - 24).

 

Hardball Games Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

87,509

3,683

91,192

Additions

1,363

-

1,363

At 31 August 2024

88,872

3,683

92,555

Depreciation

At 1 February 2024

42,679

737

43,416

Charge for the period

15,878

429

16,307

At 31 August 2024

58,557

1,166

59,723

Carrying amount

At 31 August 2024

30,315

2,517

32,832

At 31 January 2024

44,830

2,946

47,776

5

Debtors

31 August
2024
£

31 January
2024
£

Other debtors

25,293

12,203

Prepayments

6,412

13,182

31,705

25,385

 

Hardball Games Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2024 to 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

31 August
2024
£

31 January
2024
£

Due within one year

Trade creditors

1,367

18,835

Taxation and social security

34,427

51,784

Accruals and deferred income

8,269

7,875

Other creditors

6,136

8,681

50,199

87,175

7

Related party transactions

Transactions with directors

2024

At 1 February 2024
£

At 31 August 2024
£

Mr J R Avent

Net advances to the directors. There is no set repayment date and no interest is charged

192

192

     
   

 

2024

At 1 February 2023
£

Advances to director
£

Other payments made to company by director
£

At 31 January 2024
£

Mr J R Avent

Net advances to the directors. There is no set repayment date and no interest is charged

-

216

(24)

192