Playmob Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06304051

		2023		2022
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		1,970

			-		1,970
CURRENT ASSETS
Debtors	6	103		118,738
Cash at bank and in hand		23		5,967

		126		124,705
Creditors: Amounts Falling Due Within One Year	7	(575,760 )		(607,091 )

NET CURRENT ASSETS (LIABILITIES)			(575,634 )		(482,386 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(575,634 )		(480,416 )

Creditors: Amounts Falling Due After More Than One Year	8		(288,355 )		(252,987 )

NET LIABILITIES			(863,989 )		(733,403 )

CAPITAL AND RESERVES
Called up share capital	9		62		62
Share premium account			2,323,354		2,323,354
Profit and Loss Account			(3,187,405 )		(3,056,819 )

SHAREHOLDERS' FUNDS			(863,989)		(733,403)

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Playmob Limited

Balance Sheet (continued)

As At 31 December 2023

For the year ending 31 December 2023 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Judith Ower

Director

02/04/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Playmob Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06304051 . The registered office is Tintagel House, 92 Albert Embankment, London, SE1 7TY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At 31 December 2023, the company had net liabilities. Following the year end, the company entered into an agreement to sell the trade and goodwill of the business and the directors have confirmed that in their opinion the company will be able to meet its liabilities as they fall due for the foreseeable future (being a period not less than twelve months).

Consequently, the company is considered a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and rendering of services. Turnover is net of returns, rebates and other similar allowances.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract, and when:

The amount of revenue can be reliably measured;

It is probable that the future economic benefits will flow to the entity; and

Specific criteria have been met for each of the company's activities.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are Software. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

33% straight line

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Playmob Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2023

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows 6 (2018 - 5) 2 (2022: 4)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2023	24,854

As at 31 December 2023	24,854

Amortisation
As at 1 January 2023	22,884
Provided during the period	1,970

As at 31 December 2023	24,854

Net Book Value
As at 31 December 2023	-

As at 1 January 2023	1,970

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2023	16,207

As at 31 December 2023	16,207

Depreciation
As at 1 January 2023	16,207

As at 31 December 2023	16,207

Net Book Value
As at 31 December 2023	-

As at 1 January 2023	-

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Playmob Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2023

6. Debtors

	2023	2022
	£	£
Due within one year
Trade debtors	-	56,819
Corporation tax recoverable assets	-	61,909
Amounts owed by group undertakings	103	-

	103	118,728
Due after more than one year
Amounts owed by other participating interests	-	10

	103	118,738

7. Creditors: Amounts Falling Due Within One Year

	2023	2022
	£	£
Trade creditors	169,614	169,288
Bank loans and overdrafts	47,641	47,460
Corporation tax	100	-
Other taxes and social security	64,723	85,540
VAT	1,507	8,759
Net wages	209,269	156,799
Other creditors	5,857	13,650
Accruals and deferred income	8,659	12,879
Directors' loan accounts	68,390	112,716

	575,760	607,091

8. Creditors: Amounts Falling Due After More Than One Year

	2023	2022
	£	£
Long term loans	288,355	252,987

10. Post Balance Sheet Events

Following the year end, the company entered into an agreement to sell the goodwill and trade of the business.

11. Ultimate Controlling Party

No controlling party has been identified

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