Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Rob Madden 10/11/2015 Stuart Martin 03/06/2014 Sean Tracey 16/09/2021 05 May 2025 The principal activity of the company continued to be that of video games design, work for hire and generation of IP by creating its own titles for publishing. SC479048 2024-12-31 SC479048 bus:Director1 2024-12-31 SC479048 bus:Director2 2024-12-31 SC479048 bus:Director3 2024-12-31 SC479048 2023-12-31 SC479048 core:CurrentFinancialInstruments 2024-12-31 SC479048 core:CurrentFinancialInstruments 2023-12-31 SC479048 core:Non-currentFinancialInstruments 2024-12-31 SC479048 core:Non-currentFinancialInstruments 2023-12-31 SC479048 core:ShareCapital 2024-12-31 SC479048 core:ShareCapital 2023-12-31 SC479048 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC479048 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC479048 core:OtherResidualIntangibleAssets 2023-12-31 SC479048 core:OtherResidualIntangibleAssets 2024-12-31 SC479048 core:OtherPropertyPlantEquipment 2023-12-31 SC479048 core:OtherPropertyPlantEquipment 2024-12-31 SC479048 core:CostValuation 2023-12-31 SC479048 core:CostValuation 2024-12-31 SC479048 bus:OrdinaryShareClass1 2024-12-31 SC479048 bus:OrdinaryShareClass2 2024-12-31 SC479048 core:WithinOneYear 2024-12-31 SC479048 core:WithinOneYear 2023-12-31 SC479048 core:BetweenOneFiveYears 2024-12-31 SC479048 core:BetweenOneFiveYears 2023-12-31 SC479048 2024-01-01 2024-12-31 SC479048 bus:FilletedAccounts 2024-01-01 2024-12-31 SC479048 bus:SmallEntities 2024-01-01 2024-12-31 SC479048 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC479048 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC479048 bus:Director1 2024-01-01 2024-12-31 SC479048 bus:Director2 2024-01-01 2024-12-31 SC479048 bus:Director3 2024-01-01 2024-12-31 SC479048 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-01-01 2024-12-31 SC479048 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 SC479048 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-01-01 2024-12-31 SC479048 2023-01-01 2023-12-31 SC479048 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 SC479048 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 SC479048 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 SC479048 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 SC479048 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC479048 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 SC479048 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC479048 (Scotland)

HYPER LUMINAL GAMES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

HYPER LUMINAL GAMES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

HYPER LUMINAL GAMES LTD

BALANCE SHEET

AS AT 31 DECEMBER 2024
HYPER LUMINAL GAMES LTD

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 57,654 57,962
Tangible assets 4 79,062 183,992
Investments 5 100 100
136,816 242,054
Current assets
Debtors
- due within one year 6 465,697 529,363
- due after more than one year 6 0 3,600
Cash at bank and in hand 717,069 361,316
1,182,766 894,279
Creditors: amounts falling due within one year 7 ( 407,111) ( 552,841)
Net current assets 775,655 341,438
Total assets less current liabilities 912,471 583,492
Creditors: amounts falling due after more than one year 8 ( 6,148) ( 70,783)
Net assets 906,323 512,709
Capital and reserves
Called-up share capital 9 4 4
Profit and loss account 906,319 512,705
Total shareholders' funds 906,323 512,709

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

Directors' responsibilities:

The financial statements of Hyper Luminal Games Ltd (registered number: SC479048) were approved and authorised for issue by the Board of Directors on 05 May 2025. They were signed on its behalf by:

Stuart Martin
Director
HYPER LUMINAL GAMES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
HYPER LUMINAL GAMES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 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

Hyper Luminal Games Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Suite 7, The Vision Building, 20 Greenmarket, Dundee, DD1 4QB, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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 Profit and Loss Account in the period in which they arise.

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.

Revenue is recognised when the company has entitlement to the income in exchange for the provision of services

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined benefit schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account 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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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 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. 3 years straight line

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.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets, including cash in hand and deposits held at call with banks.

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.

Basic financial assets
Basic financial assets, which include debtors, cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, 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.

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 83 78

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2024 60,204 60,204
Additions 8,960 8,960
Disposals ( 1,100) ( 1,100)
At 31 December 2024 68,064 68,064
Accumulated amortisation
At 01 January 2024 2,242 2,242
Charge for the financial year 8,710 8,710
Disposals ( 542) ( 542)
At 31 December 2024 10,410 10,410
Net book value
At 31 December 2024 57,654 57,654
At 31 December 2023 57,962 57,962

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2024 405,048 405,048
Additions 15,102 15,102
Disposals ( 120,943) ( 120,943)
At 31 December 2024 299,207 299,207
Accumulated depreciation
At 01 January 2024 221,056 221,056
Charge for the financial year 111,592 111,592
Disposals ( 112,503) ( 112,503)
At 31 December 2024 220,145 220,145
Net book value
At 31 December 2024 79,062 79,062
At 31 December 2023 183,992 183,992

5. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 100 100

Investments in subsidiaries

2024
£
Cost
At 01 January 2024 100
At 31 December 2024 100
Carrying value at 31 December 2024 100
Carrying value at 31 December 2023 100

6. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 305,779 325,631
Amounts owed by Group undertakings 9,866 11,121
Corporation tax 98,155 0
Other debtors 51,897 192,611
465,697 529,363
Debtors: amounts falling due after more than one year
Other debtors 0 3,600

Amounts owed by group companies are interest free, unsecured, repayable on demand and denominated in GBP.

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 64,651 60,759
Trade creditors 23,968 41,905
Other taxation and social security 145,433 64,902
Other creditors 173,059 385,275
407,111 552,841

Included in Bank loans are amounts advanced to the company under the bounce back loan scheme of £10,282 (2023 - £9,967). This loan is covered by a government backed guarantee.

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 6,148 70,783

Included in Bank loans are amounts advanced to the company under the bounce back loan scheme of £6,148 (2023 - £16,430). This loan is covered by a government backed guarantee.

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
20,000 A ordinary shares of £ 0.0001 each 2 2
20,000 B ordinary shares of £ 0.0001 each 2 2
4 4

10. Financial commitments

Commitments

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

2024 2023
£ £
within one year 45,203 38,838
between one and five years 0 71,203
45,203 110,041

11. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to the Directors 140 0
Amounts owed by the Directors 0 70,000

Repayments totalling £70,936 have been made by the directors in this period. Interest of £796 was charged at HMRC's official interest rate 2.25% on loan. The above loan is unsecured and has no fixed terms of repayment.