Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-280truetrue2024-04-25No description of principal activityfalse2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15678826 2024-04-24 15678826 2024-04-25 2025-02-28 15678826 2023-04-25 2024-04-24 15678826 2025-02-28 15678826 c:Director2 2024-04-25 2025-02-28 15678826 d:OfficeEquipment 2024-04-25 2025-02-28 15678826 d:OfficeEquipment 2025-02-28 15678826 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-25 2025-02-28 15678826 d:CurrentFinancialInstruments 2025-02-28 15678826 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 15678826 d:ShareCapital 2025-02-28 15678826 c:OrdinaryShareClass1 2024-04-25 2025-02-28 15678826 c:OrdinaryShareClass1 2025-02-28 15678826 c:FRS102 2024-04-25 2025-02-28 15678826 c:AuditExempt-NoAccountantsReport 2024-04-25 2025-02-28 15678826 c:FullAccounts 2024-04-25 2025-02-28 15678826 c:PrivateLimitedCompanyLtd 2024-04-25 2025-02-28 15678826 d:WithinOneYear 2025-02-28 15678826 d:BetweenOneFiveYears 2025-02-28 15678826 e:PoundSterling 2024-04-25 2025-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15678826









LOVE MACHINES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

 
LOVE MACHINES LTD
REGISTERED NUMBER: 15678826

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

2025
Note
£

Fixed assets
  

Tangible assets
  
370

  
370

Current assets
  

Stocks
 5 
180,481

Debtors: amounts falling due within one year
 6 
54,866

Cash at bank and in hand
 7 
1,732

  
237,079

Creditors: amounts falling due within one year
 8 
(237,448)

Net current (liabilities)/assets
  
 
 
(369)

Total assets less current liabilities
  
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
 9 
1

  
1


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
LOVE MACHINES LTD
REGISTERED NUMBER: 15678826
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 June 2025.




W Stephens
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LOVE MACHINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

1.


General information

Love Machines Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office of business is Piano House, 9 Brighton Terrace, London, SW9 8DJ.
The company was Incorporated on 25 April 2024 and began trading on this date.

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.3

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 enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LOVE MACHINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, SELECT OR ENTER METHOD.

Depreciation is provided on the following basis:

Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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 production are being exploited by the Company.

 
2.6

Debtors

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

 
2.7

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.

 
2.8

Creditors

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

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.

Page 4

 
LOVE MACHINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
555



At 28 February 2025

555



Depreciation


Charge for the period on owned assets
185



At 28 February 2025

185



Net book value



At 28 February 2025
370


5.


Stocks

2025
£

Video game production costs
180,481

180,481



6.


Debtors

2025
£


Other debtors
54,866

54,866


Page 5

 
LOVE MACHINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

7.


Cash and cash equivalents

2025
£

Cash at bank and in hand
1,732

1,732



8.


Creditors: Amounts falling due within one year

2025
£

Trade creditors
9,000

Other creditors
225,448

Accruals and deferred income
3,000

237,448



9.


Share capital

2025
£
Allotted, called up and fully paid


100 Ordinary shares of £0.01 each
1


On incorporation the company issued 100 ordinary shares of £0.01 each at par for a cash consideration.


10.


Commitments under operating leases

At 28 February 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
£


Not later than 1 year
25,920

Later than 1 year and not later than 5 years
36,892

62,812

Page 6

 
LOVE MACHINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025

11.


Related party transactions

During the period, advances totalling £189,282 were received from W Stephens, a director of the company.  Also during the period expense claims totalling £1,167 were payable to W Stephens.  At the reporting date, £190,449 was due to W Stephen. The loan is repayable on demand and not interest bearing. 
During the period, advance totalling £35,000 were received from A Kostina, a director of the company.  At the reporting date £35,000 was due to A Kostina. The loan is repayable on demand and not interest bearing.


12.


Controlling party

Throughout the period the company was under the control of the directors by virtue of their shareholding.

 
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