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Registered number: 14022208









BLOCKBORN LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2025

 
BLOCKBORN LTD
REGISTERED NUMBER: 14022208

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2025

30 April
31 May
2025
2024
Note
£
£

  

Current assets
  

Stocks
 4 
-
2,301,833

Debtors: amounts falling due within one year
 5 
62,060
399,738

Cash at bank and in hand
 6 
6,312
21,986

  
68,372
2,723,557

Creditors: amounts falling due within one year
 7 
(77,598)
(31,569)

Net current (liabilities)/assets
  
 
 
(9,226)
 
 
2,691,988

Total assets less current liabilities
  
(9,226)
2,691,988

  

Net (liabilities)/assets
  
(9,226)
2,691,988


Capital and reserves
  

Called up share capital 
  
1,383
1,383

Share premium account
  
2,308,056
2,308,056

Profit and loss account
  
(2,318,665)
382,549

  
(9,226)
2,691,988


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
BLOCKBORN LTD
REGISTERED NUMBER: 14022208
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2025


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 May 2025.




A R Colclough
Director

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

Page 2

 
BLOCKBORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025

1.


General information

Blockborn Ltd is a private limited company, registered in England and Wales. The address of its registered office is  at 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Due to the winding down of operations, the company is no longer considered a going concern. As a result, the company's financial statements have been prepared on a break-up basis, with assets recorded at their realisable values.

 
2.3

Revenue

Revenue comprises royalty receivable and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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 income.
The company is eligible to claim a tax credit on video game production costs. The tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The company claims a payment based on the amount of enhanceable expenditure and carries losses arising from total net costs forward against future profits.

 
2.6

Stocks

Stocks comprise video game production costs, which are recorded as a current asset. Video game
production costs are amortised to the Statement of Income and Retained Earnings over the period in
which rights to the relevant video game are being exploited by the company.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3

 
BLOCKBORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short term creditors are measured at the transaction price, less any impairment.


3.


Employees

The average monthly number of employees, including directors, during the period was 6 (2024 - 12).


4.


Stocks

30 April
31 May
2025
2024
£
£

Production cost
-
2,301,833

-
2,301,833



5.


Debtors

30 April
31 May
2025
2024
£
£


Other debtors
-
2,924

Tax recoverable
62,060
396,814

62,060
399,738



6.


Cash and cash equivalents

30 April
31 May
2025
2024
£
£

Cash at bank and in hand
6,312
21,986

6,312
21,986


Page 4

 
BLOCKBORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025

7.


Creditors: Amounts falling due within one year

30 April
31 May
2025
2024
£
£

Trade creditors
262
12,857

Other taxation and social security
1,467
7,383

Other creditors
1,451
7,329

Accruals and deferred income
74,418
4,000

77,598
31,569


 
Page 5