VIDEO GAME PRESERVATION MUSEUM CIC

Company limited by guarantee

Company Registration Number:
14224909 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

VIDEO GAME PRESERVATION MUSEUM CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

VIDEO GAME PRESERVATION MUSEUM CIC

Balance sheet

As at 31 July 2024

Notes 2024 13 months to 31 July 2023


£

£
Fixed assets
Tangible assets: 3 377 0
Total fixed assets: 377 0
Current assets
Cash at bank and in hand: 17 23
Total current assets: 17 23
Creditors: amounts falling due within one year: 4 ( 5,587 ) ( 1,704 )
Net current assets (liabilities): (5,570) (1,681)
Total assets less current liabilities: (5,193) ( 1,681)
Provision for liabilities: ( 72 )
Total net assets (liabilities): (5,265) (1,681)
Members' funds
Profit and loss account: (5,265) ( 1,681)
Total members' funds: ( 5,265) (1,681)

The notes form part of these financial statements

VIDEO GAME PRESERVATION MUSEUM CIC

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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 directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 April 2025
and signed on behalf of the board by:

Name: Damien Farnham
Status: Director

The notes form part of these financial statements

VIDEO GAME PRESERVATION MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    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: Computer equipment 25% reducing balance

    Other accounting policies

    Financial instruments: Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. Deferred taxation: 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.

VIDEO GAME PRESERVATION MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 13 months to 31 July 2023
    Average number of employees during the period 1 1

VIDEO GAME PRESERVATION MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 0 0
Additions 503 503
Disposals
Revaluations
Transfers
At 31 July 2024 503 503
Depreciation
At 1 August 2023 0 0
Charge for year 126 126
On disposals
Other adjustments
At 31 July 2024 126 126
Net book value
At 31 July 2024 377 377
At 31 July 2023 0 0

VIDEO GAME PRESERVATION MUSEUM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

2024 13 months to 31 July 2023
£ £
Accruals and deferred income 497 281
Other creditors 5,090 1,423
Total 5,587 1,704

COMMUNITY INTEREST ANNUAL REPORT

VIDEO GAME PRESERVATION MUSEUM CIC

Company Number: 14224909 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The company runs Video Game Preservation Museum CIC with the goal to save and preserve historical video game items for future generations, and educate companies to be less wasteful. Video Game Preservation Museum CIC was founded in July 2022 to start preserving items correctly, and properly for future generations. For the financial year’s 2023-2024Video Game Preservation Museum CIC has benefited the community in the following ways. Hereafter known as VGPM for short. VGPM has preserved 8000+Video Game related items from e-waste since our founding. VGPM now has 13 internet based volunteers around the world, to aid us in finding new museum pieces to be used for education and exhibits in the future. VGPM has served as an educational resource for game developers and youtube channels. Providing information that’s often not known to the public, to date we have aided in 4 Youtube game history documentaries with a reach of over 5 million views. VGPM has the ability to showcase and present video game hardware that otherwise would stay restricted in a collector's or developer’s hands and as such never seen to the general public. VGPM is soon to start monthly meetups and talks on video game history.

Consultation with stakeholders

VGPM doesn’t have any stakeholders, however our internet based community is used to confirm on how we should proceed next. This would include on what items we should save for the museum, or next steps to take.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 April 2025

And signed on behalf of the board by:
Name: Damien Farnham
Status: Director