Silverfin false false 31/03/2024 01/04/2023 31/03/2024 David Stephen 26 March 2025 The principle activity of the Company during the financial year was the publishing of computer games. 03828254 2024-03-31 03828254 2023-03-31 03828254 core:CurrentFinancialInstruments 2024-03-31 03828254 core:CurrentFinancialInstruments 2023-03-31 03828254 core:ShareCapital 2024-03-31 03828254 core:ShareCapital 2023-03-31 03828254 core:RetainedEarningsAccumulatedLosses 2024-03-31 03828254 core:RetainedEarningsAccumulatedLosses 2023-03-31 03828254 core:OtherPropertyPlantEquipment 2023-03-31 03828254 core:OtherPropertyPlantEquipment 2024-03-31 03828254 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-03-31 03828254 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-03-31 03828254 bus:OrdinaryShareClass1 2024-03-31 03828254 bus:OrdinaryShareClass2 2024-03-31 03828254 core:WithinOneYear 2024-03-31 03828254 core:WithinOneYear 2023-03-31 03828254 core:BetweenOneFiveYears 2024-03-31 03828254 core:BetweenOneFiveYears 2023-03-31 03828254 2023-04-01 2024-03-31 03828254 bus:FilletedAccounts 2023-04-01 2024-03-31 03828254 bus:SmallEntities 2023-04-01 2024-03-31 03828254 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03828254 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03828254 bus:Director1 2023-04-01 2024-03-31 03828254 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 03828254 2022-04-01 2023-03-31 03828254 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 03828254 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 03828254 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 03828254 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 03828254 1 2023-04-01 2024-03-31 03828254 1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03828254 (England and Wales)

FERAL INTERACTIVE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

FERAL INTERACTIVE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

FERAL INTERACTIVE LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
FERAL INTERACTIVE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR David Stephen
SECRETARY Caroline Anne Keppel-Palmer
REGISTERED OFFICE 64 Kimber Road
Southfields
London
SW18 4PP
United Kingdom
COMPANY NUMBER 03828254 (England and Wales)
ACCOUNTANT Praxis
1 Poultry
London
EC2R 8EJ
United Kingdom
FERAL INTERACTIVE LIMITED

BALANCE SHEET

As at 31 March 2024
FERAL INTERACTIVE LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 379,933 376,632
379,933 376,632
Current assets
Debtors 4 2,325,843 1,104,375
Cash at bank and in hand 1,864,797 4,016,343
4,190,640 5,120,718
Creditors: amounts falling due within one year 5 ( 1,819,361) ( 1,426,799)
Net current assets 2,371,279 3,693,919
Total assets less current liabilities 2,751,212 4,070,551
Net assets 2,751,212 4,070,551
Capital and reserves
Called-up share capital 6 10,000 10,000
Profit and loss account 2,741,212 4,060,551
Total shareholder's funds 2,751,212 4,070,551

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Feral Interactive Limited (registered number: 03828254) were approved and authorised for issue by the Director on 26 March 2025. They were signed on its behalf by:

David Stephen
Director
FERAL INTERACTIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
FERAL INTERACTIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Feral Interactive Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 64 Kimber Road, Southfields, London, SW18 4PP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 92 93

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 1,107,560 1,107,560
Additions 75,447 75,447
Disposals ( 4,162) ( 4,162)
At 31 March 2024 1,178,845 1,178,845
Accumulated depreciation
At 01 April 2023 730,928 730,928
Charge for the financial year 68,369 68,369
Disposals ( 385) ( 385)
At 31 March 2024 798,912 798,912
Net book value
At 31 March 2024 379,933 379,933
At 31 March 2023 376,632 376,632

4. Debtors

2024 2023
£ £
Trade debtors 669,675 695,834
Amounts owed by Group undertakings 1,295,064 35,580
Amounts owed by related parties 364 0
Other debtors 360,740 372,961
2,325,843 1,104,375

The amounts owed by group undertakings and the amounts owed by parties under common control are both repayable on demand and do not bear interest.

Included within other debtors are amounts advanced to the Director. As at 31 March 2023 amounts advanced by the company to the Director totalled £154,900. During the year the Director repaid £39,200 to the company and as at 31 March 2024 the amount owed by the Director totalled £115,700. The amount is repayable on demand and interest is applied at a rate of 2.25%.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,184,117 920,436
Other taxation and social security 76,756 65,474
Other creditors 558,488 440,889
1,819,361 1,426,799

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
90,000 A Ordinary Shares shares of £ 0.10 each 9,000 9,000
10,000 B Ordinary Shares shares of £ 0.10 each 1,000 1,000
10,000 10,000

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 195,875 230,588
between one and five years 297,530 493,405
493,405 723,993

8. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.

9. Ultimate controlling party

The company is a subsidiary of Freezywater Limited, a company incorporated in England and Wales, and owner of the entire issued share capital of the company. The ultimate controlling party is D Stephen.