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REGISTERED NUMBER: 14303226 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LIGHTHOUSE GAMES LIMITED

LIGHTHOUSE GAMES LIMITED (REGISTERED NUMBER: 14303226)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIGHTHOUSE GAMES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Mr Gavin Raeburn
Mr Nicholas Charles Wheelwright
Mr Mark Victor Maslowicz





REGISTERED OFFICE: Imperial Court
Holly Walk
Leamington Spa
Warwickshire
CV32 4JG





REGISTERED NUMBER: 14303226 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

LIGHTHOUSE GAMES LIMITED (REGISTERED NUMBER: 14303226)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 14,813 14,813
Tangible assets 5 2,227,500 443,663
Investments 6 100 100
2,242,413 458,576

CURRENT ASSETS
Debtors 7 659,363 7,156,773
Cash at bank 9,225,585 13,509,031
9,884,948 20,665,804
CREDITORS
Amounts falling due within one year 8 10,198,576 7,534,032
NET CURRENT (LIABILITIES)/ASSETS (313,628 ) 13,131,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,928,785

13,590,348

CAPITAL AND RESERVES
Called up share capital 3 3
Share premium 19,880,484 19,880,484
Retained earnings (17,951,702 ) (6,290,139 )
1,928,785 13,590,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LIGHTHOUSE GAMES LIMITED (REGISTERED NUMBER: 14303226)

BALANCE SHEET - continued
31 December 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





Mr Nicholas Charles Wheelwright - Director


LIGHTHOUSE GAMES LIMITED (REGISTERED NUMBER: 14303226)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

Lighthouse Games Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Lighthouse Games Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences will be amortised evenly over their estimated economic life, once brought into use.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


LIGHTHOUSE GAMES LIMITED (REGISTERED NUMBER: 14303226)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share-based payments
The company operates an Enterprise Management Incentive (EMI) scheme to reward employees. Under this scheme, employees are granted options to purchase shares in the company at a predetermined price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 85 (2023 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2024
and 31 December 2024 14,813
NET BOOK VALUE
At 31 December 2024 14,813
At 31 December 2023 14,813

LIGHTHOUSE GAMES LIMITED (REGISTERED NUMBER: 14303226)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 - 52,351 473,947 526,298
Additions 1,529,022 69,132 499,631 2,097,785
Disposals - (4,731 ) - (4,731 )
At 31 December 2024 1,529,022 116,752 973,578 2,619,352
DEPRECIATION
At 1 January 2024 - 5,641 76,994 82,635
Charge for year 66,173 16,333 227,843 310,349
Eliminated on disposal - (1,132 ) - (1,132 )
At 31 December 2024 66,173 20,842 304,837 391,852
NET BOOK VALUE
At 31 December 2024 1,462,849 95,910 668,741 2,227,500
At 31 December 2023 - 46,710 396,953 443,663

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 659,363 7,156,773

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 400,014 124,615
Amounts owed to group undertakings 1,287,982 100
Taxation and social security 467,230 378,446
Other creditors 8,043,350 7,030,871
10,198,576 7,534,032

LIGHTHOUSE GAMES LIMITED (REGISTERED NUMBER: 14303226)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


9. LOANS

Included in other creditors is a convertible note instrument which is unsecured and is redeemable on the 18 December 2025.

The loan is unsecured and is repayable together with accrued interest, the interest accrues at the rate of 10% per annum compounded annually.

Included in the balance is interest of £28,248.

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 124,000
In more than five years 3,683,082 -
3,683,082 124,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024 2023
£    £   
Mr Gavin Raeburn
Balance outstanding at start of year 147 -
Amounts advanced - 147
Amounts repaid (147 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 147

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Gavin Raeburn.