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REGISTERED NUMBER: 04439279 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

ISM Fantasy Games Limited

ISM Fantasy Games Limited (Registered number: 04439279)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ISM Fantasy Games Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A Goldsmith
R Goldsmith
M Hughes





SECRETARY: R Goldsmith





REGISTERED OFFICE: C/O City, Chartered Accountants
Suite 540, 5th Floor, Linen Hall
162-168 Regent Street
London
W1B 5TF





REGISTERED NUMBER: 04439279 (England and Wales)





ACCOUNTANTS: City, Chartered Accountants
Suite 540, 5th Floor,
Linen Hall
162- 168 Regent Street
London
W1B 5TF

ISM Fantasy Games Limited (Registered number: 04439279)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 51,353 47,187
Investments 5 384,200 306,532
435,553 353,719

CURRENT ASSETS
Debtors 6 58,092 279,328
Cash at bank 922,446 269,688
980,538 549,016
CREDITORS
Amounts falling due within one year 7 (998,874 ) (730,226 )
NET CURRENT LIABILITIES (18,336 ) (181,210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

417,217

172,509

CREDITORS
Amounts falling due after more than one
year

8

(13,241

)

(23,423

)

PROVISIONS FOR LIABILITIES (12,665 ) (11,585 )
NET ASSETS 391,311 137,501

ISM Fantasy Games Limited (Registered number: 04439279)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 391,211 137,401
391,311 137,501

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

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

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 12 March 2025 and were signed on its behalf by:





R Goldsmith - Director


ISM Fantasy Games Limited (Registered number: 04439279)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

ISM Fantasy Games 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 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.

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.

ISM Fantasy Games Limited (Registered number: 04439279)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 16,744 53,647 70,391
Additions - 13,131 13,131
At 31 December 2024 16,744 66,778 83,522
DEPRECIATION
At 1 January 2024 16,744 6,460 23,204
Charge for year - 8,965 8,965
At 31 December 2024 16,744 15,425 32,169
NET BOOK VALUE
At 31 December 2024 - 51,353 51,353
At 31 December 2023 - 47,187 47,187

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.24 31.12.23
£    £   
Investment in new game project 306,532 306,532
Addition to investment 77,668 -
384,200 306,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 47,361 269,466
Other debtors 10,731 9,862
58,092 279,328

ISM Fantasy Games Limited (Registered number: 04439279)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 259,850 217,147
Taxation and social security 227,322 100,779
Other creditors 511,702 412,300
998,874 730,226

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 13,241 23,423

9. RELATED PARTY DISCLOSURES

At the year end, the company owed the directors £125,948 (2023: £166,948)