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REGISTERED NUMBER: 12223638 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

TREESPLEASE GAMES LTD

TREESPLEASE GAMES LTD (REGISTERED NUMBER: 12223638)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TREESPLEASE GAMES LTD

Company Information
for the year ended 30 September 2024







DIRECTORS: L J Carter
G Milken
M Salmi
S P Rutland





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





REGISTERED NUMBER: 12223638 (England and Wales)





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

TREESPLEASE GAMES LTD (REGISTERED NUMBER: 12223638)

Balance Sheet
30 September 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 12,337 15,524

CURRENT ASSETS
Debtors 5 938,187 646,796
Cash at bank and in hand 2,247,729 2,627,873
3,185,916 3,274,669
CREDITORS
Amounts falling due within one year 6 (967,384 ) (186,978 )
NET CURRENT ASSETS 2,218,532 3,087,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,230,869

3,103,215

CREDITORS
Amounts falling due after more than one
year (including convertible debt)

7

(768,487

)

-
NET ASSETS 1,462,382 3,103,215

CAPITAL AND RESERVES
Called up share capital 8 266 270
Share premium 5,705,146 5,705,146
Retained earnings (4,243,030 ) (2,602,201 )
SHAREHOLDERS' FUNDS 1,462,382 3,103,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

TREESPLEASE GAMES LTD (REGISTERED NUMBER: 12223638)

Balance Sheet - continued
30 September 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 4 March 2025 and were signed on its behalf by:





L J Carter - Director


TREESPLEASE GAMES LTD (REGISTERED NUMBER: 12223638)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

TreesPlease 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 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.

The Company recognises revenue from in-game purchases at the point of sale. Advertising revenue is recognised in the month in which advertisements are displayed.

Tangible fixed assets
Tangible fixed assets are stated at cost 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 life.

Plant & machinery-20% reducing balance
Computer equipment-5 years 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.

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.

TREESPLEASE GAMES LTD (REGISTERED NUMBER: 12223638)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 October 2023 - 23,636 23,636
Additions 253 1,499 1,752
At 30 September 2024 253 25,135 25,388
DEPRECIATION
At 1 October 2023 - 8,112 8,112
Charge for year 13 4,926 4,939
At 30 September 2024 13 13,038 13,051
NET BOOK VALUE
At 30 September 2024 240 12,097 12,337
At 30 September 2023 - 15,524 15,524

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 517,235 311,033
Other debtors 420,952 335,763
938,187 646,796

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 8,352 364
Trade creditors 666,719 135,438
Taxation and social security 3,438 3,264
Other creditors 288,875 47,912
967,384 186,978

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other creditors 768,487 -

TREESPLEASE GAMES LTD (REGISTERED NUMBER: 12223638)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Included within other creditors: amounts falling due after more than one year, is a loan received from Lakestar III LP of $500,000 and a loan received from March Capital Gaming Fund I LP of $500,000.

Lakestar III LP and March Capital Gaming Fund I LP have the option to convert their loans into Senior Shares in TreesPlease Games Ltd on 20 September 2026.

Interest is accruing on the loans daily at a rate of 4.95% per annum.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
165,849 Ordinary 0.001 £0.001 166 170

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
77,653 Seed Series £0.001 78 78

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
22,201 Seed 2 Series £0.001 22 -


On 20 March 2024 there was a share buy back of 4,261 Ordinary 0.001 shares.