Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—11 |
2023 | 2022 as restated |
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---|---|---|---|---|---|
Notes | $ | $ | $ | $ | |
FIXED ASSETS | |||||
Intangible Assets | 6 |
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Investments | 8 |
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CURRENT ASSETS | |||||
Debtors | 9 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 10 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 12 |
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Share premium account |
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Other reserves |
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Profit and Loss Account |
( |
( |
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SHAREHOLDERS' FUNDS | 41,241,904 | 57,435,189 | |||
Director
|
Director
|
Director
|
|
Computer Equipment |
|
Impact of correction of errors
|
|||
As at 1 January 2022
|
As previously reported ($)
|
Adjustments
($) |
As restated
($) |
Development expenditure cost
|
35,137,868
|
-
|
35,137,868
|
Development expenditure amortisation
|
(5,365,882)
|
-
|
(5,365,882)
|
Investments in subsidiaries
|
35,563,722
|
(8,771,748)
|
26,791,974
|
Amounts owed by group undertakings
|
1,806,422
|
19,293
|
1,825,715
|
All other assets
|
445,212
|
-
|
445,212
|
Total assets
|
67,587,342
|
(8,752,455)
|
58,834,887
|
Other loans
|
(682,653)
|
(525,907)
|
(1,208,560)
|
Other creditors
|
(485,128)
|
485,128
|
-
|
Amounts owed to group undertakings
|
(8,771,749)
|
8,771,748
|
(1)
|
All other liabilities
|
(543,828)
|
-
|
(543,828)
|
Total liabilities
|
(10,483,358)
|
8,730,969
|
(1,752,389)
|
Called up share capital
|
(64,845)
|
-
|
(64,845)
|
Share premium account
|
(65,539,510)
|
-
|
(65,539,510)
|
Other reserves
|
(2,446,898)
|
(281,137)
|
(2,728,035)
|
Profit and loss account
|
10,947,269
|
302,624
|
11,249,893
|
Total equity
|
(57,103,984)
|
21,486
|
(57,082,498)
|
Impact of correction of errors
|
|||
As at 31 December 2022
|
As previously reported
($)
|
Adjustments
($)
|
As restated
($)
|
Development expenditure cost
|
32,138,213
|
1,614,211
|
33,752,424
|
Development expenditure amortisation
|
(6,604,927)
|
(64,568)
|
(6,669,495)
|
Investments in subsidiaries
|
41,254,522
|
(10,687,971)
|
30,566,551
|
Amounts owed by group undertakings
|
2,279,770
|
(90,773)
|
2,188,997
|
All other assets
|
561,390
|
-
|
561,390
|
Total assets
|
69,628,968
|
(9,229,102)
|
60,399,866
|
Other loans
|
(989,439)
|
(801,146)
|
(1,790,585)
|
Other creditors
|
(677,974)
|
677,974
|
-
|
Amounts owed to group undertakings
|
(8,929,690)
|
8,929,689
|
(1)
|
All other liabilities
|
(1,174,091)
|
-
|
(1,174,091)
|
Total liabilities
|
(11,771,194)
|
8,806,517
|
(2,964,677)
|
Called up share capital
|
(72,030)
|
-
|
(72,030)
|
Share premium account
|
(71,157,518)
|
-
|
(71,157,518)
|
Other reserves
|
(3,011,906)
|
(318,892)
|
(3,330,798)
|
Profit and loss account
|
16,383,680
|
741,477
|
17,125,157
|
Total equity
|
(57,857,774)
|
422,585
|
(57,435,189)
|
Impact of correction of errors
|
|||
For the year ended 31 December 2022
|
As previously reported ($)
|
Adjustments
($) |
As restated
($) |
Administrative expenses
|
6,189,892
|
397,770
|
6,587,662
|
Interest payable and similar charges
|
46,466
|
41,083
|
87,549
|
All other expenses
|
(799,947)
|
-
|
(799,947)
|
Profit / (loss)
|
(5,436,411)
|
(438,853)
|
(5,875,264)
|
Development Costs | |||
---|---|---|---|
$ | |||
Cost | |||
As at 1 January 2023 |
|
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Additions |
|
||
As at 31 December 2023 |
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Amortisation | |||
As at 1 January 2023 |
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Provided during the period |
|
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Impairment losses |
|
||
As at 31 December 2023 |
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Net Book Value | |||
As at 31 December 2023 |
|
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As at 1 January 2023 |
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Computer Equipment | |
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$ | |
Cost | |
As at 1 January 2023 |
|
As at 31 December 2023 |
|
Depreciation | |
As at 1 January 2023 |
|
As at 31 December 2023 |
|
Net Book Value | |
As at 31 December 2023 |
|
As at 1 January 2023 |
|
Subsidiaries | |
---|---|
$ | |
Cost | |
As at 1 January 2023 |
|
Additions |
|
As at 31 December 2023 |
|
Provision | |
As at 1 January 2023 |
|
As at 31 December 2023 |
|
Net Book Value | |
As at 31 December 2023 |
|
As at 1 January 2023 |
|
Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
---|---|---|---|---|
|
Stanway House Almondsbury Business Centre, Woodlands, Bristol, BS32 4QH, UK |
|
|
- |
|
253 Post Road West, Westport, CT, 06880, USA |
|
|
- |
|
Building 4 Foundation Park, Roxborough Way, Maidenhead, SL6 3UD, UK |
|
|
- |
2023 | 2022 as restated |
||
---|---|---|---|
$ | $ | ||
Due within one year | |||
Prepayments and accrued income |
|
|
|
Other debtors |
|
|
|
Corporation tax recoverable | - |
|
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Owed by group undertakings |
|
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|
VAT recoverable |
|
|
|
Called up share capital not paid |
|
|
|
|
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2023 | 2022 as restated |
||
---|---|---|---|
$ | $ | ||
Trade creditors |
|
|
|
Other loans |
|
|
|
Accruals and deferred income |
|
|
|
Amounts owed to group undertakings |
|
|
|
|
|
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2023 | 2022 as restated |
||
---|---|---|---|
$ | $ | ||
Amounts falling due within one year or on demand: | |||
Other loans |
|
|
|