COMPANY REGISTRATION NUMBER:
11504068
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Maze Theory Development Ltd |
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Filleted Unaudited Financial Statements |
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Maze Theory Development Ltd |
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Statement of Financial Position |
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31 March 2025
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31 Mar 25 |
31 Jul 24 |
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Note |
£ |
£ |
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|
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Current assets
|
Debtors |
5 |
508,568 |
382,916 |
|
Cash at bank and in hand |
66 |
171,730 |
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--------- |
--------- |
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508,634 |
554,646 |
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|
|
|
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Creditors: amounts falling due within one year |
6 |
136,992 |
4,500 |
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--------- |
--------- |
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Net current assets |
371,642 |
550,146 |
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--------- |
--------- |
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Total assets less current liabilities |
371,642 |
550,146 |
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--------- |
--------- |
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Net assets |
371,642 |
550,146 |
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--------- |
--------- |
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Capital and reserves
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Called up share capital |
10 |
10 |
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Profit and loss account |
371,632 |
550,136 |
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--------- |
--------- |
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Shareholders funds |
371,642 |
550,146 |
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--------- |
--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
1 June 2025
, and are signed on behalf of the board by:
R D Harding
Director
Company registration number:
11504068
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Maze Theory Development Ltd |
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Notes to the Financial Statements |
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Period from 1 August 2024 to 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9th Floor, Neo Building, 9 Charlotte Street, Manchester, Greater Manchester, M1 4ET.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting period
These financial statements are for the period 1 August 2024 to 31 March 2025. The comparative period is from 1 January 2024 to 31 July 2024.
4.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis
and are prepared in sterling, which is the functional currency of the entity.
Going concern
The director in association with its parent company have assessed whether the use of going concern is appropriate and whether there are any material uncertainties related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. Based on projected cash flow forecasts covering a 12 month future period, the director and the company's management have concluded that the financial statements should be prepared on a going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of value added tax.
Taxation
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
5.
Debtors
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31 Mar 25 |
31 Jul 24 |
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£ |
£ |
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Other debtors |
508,568 |
382,916 |
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--------- |
--------- |
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6.
Creditors:
amounts falling due within one year
|
31 Mar 25 |
31 Jul 24 |
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£ |
£ |
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Amounts owed to group undertakings |
132,492 |
100 |
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Other creditors |
4,500 |
4,400 |
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--------- |
------- |
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136,992 |
4,500 |
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--------- |
------- |
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7.
Related party transactions
During the period, the company wrote off an unrecoverable debt of £36,160 owed by a fellow group company, SWG Services Limited (CRN:15335579). No interest was charged on the intercompany balance.
8.
Controlling party
At the reporting date, the parent undertaking of this company is
Maze Theory Games Limited (CRN:15294911).
The address of the registered office is 9th Floor, Neo Building, 9 Charlotte Street, Manchester, M1 4ET. At the reporting date, the ultimate parent company is Maze Theory Games Group Limited (CRN:13888111).
The address of the registered office is 9th Floor, Neo Building, 9 Charlotte Street, Manchester, M1 4ET.