| Registered number: 12611664 | ||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||
| Prepared By: | ||||||||
| Hope Jones | ||||||||
| Chartered Accountants | ||||||||
| Suite 114, Lymington Town Hall | ||||||||
| Avenue Road | ||||||||
| Lymington | ||||||||
| Hampshire | ||||||||
| SO41 9ZG | ||||||||
| Lyrical Games Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| Hampshire | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in England and Wales, registered number 12611664 | ||||||||
| ACCOUNTANTS | ||||||||
| Hope Jones | ||||||||
| Chartered Accountants | ||||||||
| Suite 114, Lymington Town Hall | ||||||||
| Avenue Road | ||||||||
| Lymington | ||||||||
| Hampshire | ||||||||
| SO41 9ZG | ||||||||
| Lyrical Games Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31 DECEMBER 2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Statement of Financial Position | 3 | |||||||
| Notes to the Accounts | 4 - 6 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Lyrical Games Ltd | ||||||||
| STATEMENT OF FINANCIAL POSITION AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Intangible assets | 3 | |||||||||
| Tangible assets | 4 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 86,062 | 81,728 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT LIABILITIES | ( | (1,639,726) | ||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | ||||||||||
| Profit and loss account | (546,439) | (457,959) | ||||||||
| SHAREHOLDERS' FUNDS | ( | ( | ||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Lyrical Games Ltd | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Buildings | straight line1% | |||||||
| Computer Equipment | straight line25% | |||||||
| Furnishings, Fixtures and Fittings | reducing balance15% | |||||||
| Equipment | reducing balance25% | |||||||
| 1c. Intangible Assets | ||||||||
| 1d. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to sell (net realisable value). | ||||||||
| 1e. Turnover | ||||||||
| Turnover represents the value of goods and services supplied by the company, net of value added tax. | ||||||||
| 2. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 25 | |||||
| Lyrical Games Ltd | ||||||||
| 3. INTANGIBLE FIXED ASSETS | ||||
| Website | Total | |||
| £ | £ | |||
| Cost | ||||
| At 1 January 2024 | 2,000 | 2,000 | ||
| At 31 December 2024 | 2,000 | 2,000 | ||
| Depreciation | ||||
| At 1 January 2024 | 1,542 | 1,542 | ||
| For the year | 458 | 458 | ||
| At 31 December 2024 | 2,000 | 2,000 | ||
| Net Book Amounts | ||||
| At 31 December 2024 | ||||
| At 31 December 2023 | ||||
| 4. TANGIBLE FIXED ASSETS | ||||||||||
| Land and | Computer | Furnishings, Fixtures and | ||||||||
| Buildings | Equipment | Fittings | Equipment | Total | ||||||
| £ | £ | £ | £ | £ | ||||||
| Cost | ||||||||||
| At 1 January 2024 | 1,047,105 | 3,135 | 68,637 | 189,239 | 1,308,116 | |||||
| Additions | 11,204 | 664 | 3,328 | 5,675 | 20,871 | |||||
| Disposals | - | (857) | (111) | - | (968) | |||||
| At 31 December 2024 | 1,058,309 | 2,942 | 71,854 | 194,914 | 1,328,019 | |||||
| Depreciation | ||||||||||
| At 1 January 2024 | 4,410 | 1,592 | 25,234 | 95,471 | 126,707 | |||||
| Disposals | - | (636) | (31) | - | (667) | |||||
| For the year | 3,083 | 686 | 6,997 | 24,861 | 35,627 | |||||
| At 31 December 2024 | 7,493 | 1,642 | 32,200 | 120,332 | 161,667 | |||||
| Net Book Amounts | ||||||||||
| At 31 December 2024 | 1,166,352 | |||||||||
| At 31 December 2023 | 1,181,409 | |||||||||
| 5. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 4,285 | 5,132 | ||||||
| Other debtors | 1,890 | 1,000 | ||||||
| Prepayments | 4,994 | 4,404 | ||||||
| 11,169 | 10,536 | |||||||
| Lyrical Games Ltd | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| VAT | 32,219 | 24,980 | ||||||
| PAYE | 7,773 | 7,990 | ||||||
| Loan | 1,710,685 | 1,640,685 | ||||||
| Trade creditors | 31,094 | 18,463 | ||||||
| Other creditors | 1,303 | 1,181 | ||||||
| Accruals | 15,679 | 28,155 | ||||||
| 1,798,753 | 1,721,454 | |||||||