Company Registration No. 09274800 (England and Wales)
Enigma Entertainment Ltd
Unaudited accounts
for the year ended 31 October 2024
Enigma Entertainment Ltd
Unaudited accounts
Contents
Enigma Entertainment Ltd
Company Information
for the year ended 31 October 2024
Directors
D Chihaioglo
N Murodova
Company Number
09274800 (England and Wales)
Registered Office
2-3 Eldon Street
Eldon House
London
EC2M 7LS
Accountants
LTG Accountants Limited
39A High Street
Billericay
Essex
CM12 9BA
Enigma Entertainment Ltd
Statement of financial position
as at 31 October 2024
Intangible assets
121,615
-
Tangible assets
2,202,220
54,022
Cash at bank and in hand
128,267
462,823
Creditors: amounts falling due within one year
(857,048)
(332,838)
Net current (liabilities)/assets
(473,194)
195,497
Total assets less current liabilities
1,850,641
249,519
Creditors: amounts falling due after more than one year
(244,010)
(195,812)
Provisions for liabilities
Net assets
1,063,052
53,707
Called up share capital
12
10
Profit and loss account
(480,938)
53,697
Shareholders' funds
1,063,052
53,707
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2025 and were signed on its behalf by
D Chihaioglo
Director
Company Registration No. 09274800
Enigma Entertainment Ltd
Notes to the Accounts
for the year ended 31 October 2024
Enigma Entertainment Ltd is a private company, limited by shares, registered in England and Wales, registration number 09274800. The registered office is 2-3 Eldon Street, Eldon House, London, EC2M 7LS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:.
Accounting Policy Note – Property, Plant & Equipment (P&M)
The company depreciates Plant & Machinery (P&M) using the straight-line method over its estimated useful life. Two different depreciation rates are applied within P&M:
General Plant & Machinery – Depreciated at 25% per annum (straight-line) over a 4-year period based on expected useful life.
Specialist Machinery (Escape Room Build) – Depreciated at 10% per annum (straight-line) over a 10-year period, reflecting the specific expected lifespan of this asset.
These depreciation rates ensure that the assets are systematically written down over their useful economic life in line with the company's accounting policies.
Land & buildings
6.67% Straight Line Method
Plant & machinery
25% & 10% Straight Line Method (See notes)
Motor vehicles
20% Straight Line Method
Computer equipment
20% Straight Line Method
Enigma Entertainment Ltd
Notes to the Accounts
for the year ended 31 October 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Other
At 31 October 2024
131,328
At 31 October 2024
121,615
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
-
55,724
57,990
9,502
123,216
Additions
195,545
1,992,193
-
6,458
2,194,196
At 31 October 2024
195,545
2,047,917
57,990
15,960
2,317,412
At 1 November 2023
-
54,092
11,598
3,504
69,194
Charge for the year
13,036
18,172
11,598
3,192
45,998
At 31 October 2024
13,036
72,264
23,196
6,696
115,192
At 31 October 2024
182,509
1,975,653
34,794
9,264
2,202,220
At 31 October 2023
-
1,632
46,392
5,998
54,022
Amounts falling due within one year
Trade debtors
28,812
13,850
Accrued income and prepayments
45,983
16,879
Other debtors
180,792
34,783
Enigma Entertainment Ltd
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
331,300
34,939
Trade creditors
126,024
(724,503)
Taxes and social security
8,882
13,279
Other creditors
38,020
844,439
Loans from directors
327,585
139,726
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
244,010
195,812
9
Deferred taxation
2024
2023
Accelerated capital allowances
543,579
-
Charged to the profit and loss account
543,579
-
Provision at end of year
543,579
-
10
Operating lease commitments
2024
2023
At 31 October 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
128,216
-
Later than one year and not later than five years
424,301
-
Later than five years
1,060,753
-
11
Average number of employees
During the year the average number of employees was 10 (2023: 10).