COMPANY REGISTRATION NUMBER:
15974440
|
1TK Games Development Ltd |
|
|
Filleted Unaudited Financial Statements |
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1TK Games Development Ltd |
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Period from 24 September 2024 to 31 March 2025
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Statement of financial position |
1 |
|
|
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Notes to the financial statements |
2 |
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1TK Games Development Ltd |
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Statement of Financial Position |
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31 March 2025
Current assets
|
Cash at bank and in hand |
5,321 |
|
|
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Creditors: amounts falling due within one year |
5 |
11,245 |
|
-------- |
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Net current liabilities |
5,924 |
|
------- |
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Total assets less current liabilities |
(
5,924) |
|
------- |
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Net liabilities |
(
5,924) |
|
------- |
|
|
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Capital and reserves
|
Called up share capital |
1 |
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Profit and loss account |
(
5,925) |
|
------- |
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Shareholders deficit |
(
5,924) |
|
------- |
|
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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 comprehensive income 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
;
-
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
29 May 2025
, and are signed on behalf of the board by:
Company registration number:
15974440
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1TK Games Development Ltd |
|
|
Notes to the Financial Statements |
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Period from 24 September 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 27 New Dover Road, Canterbury, Kent, CT1 3DN, England.
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 policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
During the period, the company had 1 employee.
5.
Creditors:
amounts falling due within one year
|
31 Mar 25 |
|
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
6,000 |
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Other creditors |
5,245 |
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-------- |
|
11,245 |
|
-------- |
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Within trade creditors, there is a balance due to the companys parent company, however there is also a corresponding trade debtor and therefore the balance has been netted off.
6.
Related party transactions
At the period end, the company owed £6,000 to its parent company.
7.
Controlling party
The company's ultimate parent company is
1TK Games Ltd
, a company registered in England and Wales. The company's registered office is 27 New Dover Road, Canterbury, Kent CT1 3DN
.