Registration number:
Lunar Forge Entertainment Limited
trading as
for the Period from 4 September 2023 to 30 September 2024
Lunar Forge Entertainment Limited
trading as Lunar Forge
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Lunar Forge Entertainment Limited
trading as Lunar Forge
Company Information
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Directors |
Mr Emrah Elmasli Mr David Trumble Mrs Damla Elmasli |
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Company secretary |
Mr David Trumble |
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Registered office |
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Accountants |
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Lunar Forge Entertainment Limited
trading as Lunar Forge
Directors' Report for the Period from 4 September 2023 to 30 September 2024
The directors present their report and the financial statements for the period from 4 September 2023 to 30 September 2024.
Incorporation
The company was incorporated and commenced trading on
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is Domestic software development
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Management Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Lunar Forge Entertainment Limited
trading as Lunar Forge
for the Period Ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lunar Forge Entertainment Limited for the period ended 30 September 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants in England and Wales (CIMA), we are subject to its ethical and other professional requirements which are detailed at https://www.aicpa-cima.com/resources/landing/members-in-practice-mandatory-requirements
This report is made solely to the Board of Directors of Lunar Forge Entertainment Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lunar Forge Entertainment Limited and state those matters that we have agreed to state to the Board of Directors of Lunar Forge Entertainment Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lunar Forge Entertainment Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Lunar Forge Entertainment Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Lunar Forge Entertainment Limited. You consider that Lunar Forge Entertainment Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Lunar Forge Entertainment Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Lunar Forge Entertainment Limited
trading as Lunar Forge
Profit and Loss Account for the Period from 4 September 2023 to 30 September 2024
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Note |
2024 |
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Turnover |
- |
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Cost of sales |
( |
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Gross loss |
( |
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Administrative expenses |
( |
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Operating loss |
(7,591) |
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Loss before tax |
( |
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Tax on loss |
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Loss for the financial period |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Lunar Forge Entertainment Limited
trading as Lunar Forge
Statement of Comprehensive Income for the Period from 4 September 2023 to 30 September 2024
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2024 |
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Loss for the period |
( |
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Total comprehensive income for the period |
( |
Lunar Forge Entertainment Limited
trading as Lunar Forge
(Registration number: 15113882)
Balance Sheet as at 30 September 2024
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Note |
2024 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
100 |
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Retained earnings |
(6,149) |
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Shareholders' deficit |
(6,049) |
For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Lunar Forge Entertainment Limited
trading as Lunar Forge
Statement of Changes in Equity for the Period from 4 September 2023 to 30 September 2024
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Share capital |
Total |
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New share capital subscribed |
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At 30 September 2024 |
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Lunar Forge Entertainment Limited
trading as Lunar Forge
Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 September 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Lunar Forge Entertainment Limited
trading as Lunar Forge
Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 September 2024
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Lunar Forge Entertainment Limited
trading as Lunar Forge
Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 September 2024
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Stocks |
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2024 |
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Work in progress |
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Debtors |
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Current |
2024 |
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Other debtors |
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Lunar Forge Entertainment Limited
trading as Lunar Forge
Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 September 2024
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Creditors |
Creditors: amounts falling due within one year
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2024 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
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2024 |
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Due after one year |
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Other financial liabilities |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
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No. |
£ |
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51 |
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24 |
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25 |
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Related party transactions |
Summary of transactions with other related parties
common control. Mooncolony supplied both financial and management support during the setup of Lunar Forge Entertainment Limited.
Expenditure with and payables to related parties
Lunar Forge Entertainment Limited
trading as Lunar Forge
Notes to the Unaudited Financial Statements for the Period from 4 September 2023 to 30 September 2024
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2024 |
Other related parties |
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Purchase of goods |
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Rendering of services |
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Loans from related parties
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2024 |
Other related parties |
Total |
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Advanced |
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At end of period |
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