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Netspeak Games Ltd

Registered Number
11862950
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

Netspeak Games Ltd
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

C Brighting
Y T C M Chew
P B Griffin
Y Ishii
M J Salmi
J Wang

Registered Address

34 Prince Of Wales Road
Norwich
NR1 1LG

Registered Number

11862950 (England and Wales)
Netspeak Games Ltd
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Intangible assets3-172
Tangible assets412,05327,687
Investments511
12,05427,860
Current assets
Debtors6293,1401,399,414
Cash at bank and on hand1,617,4051,614,190
1,910,5453,013,604
Creditors amounts falling due within one year7(10,040)(111,139)
Net current assets (liabilities)1,900,5052,902,465
Total assets less current liabilities1,912,5592,930,325
Net assets1,912,5592,930,325
Capital and reserves
Called up share capital22
Share premium12,095,60412,095,604
Profit and loss account(10,183,047)(9,165,281)
Shareholders' funds1,912,5592,930,325
The financial statements were approved and authorised for issue by the Board of Directors on 22 June 2025, and are signed on its behalf by:
C Brighting
Director
Registered Company No. 11862950
Netspeak Games Ltd
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible assets are being amortised over 5 years, based on an assessment of their economic useful life.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Computer Equipment: 33% straight line Office Equipment: 20% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20252024
Average number of employees during the year1236
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 244,2004,200
At 31 March 254,2004,200
Amortisation and impairment
At 01 April 244,0284,028
Charge for year172172
At 31 March 254,2004,200
Net book value
At 31 March 25--
At 31 March 24172172
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 24124,590124,590
Additions10,08410,084
Disposals(90,487)(90,487)
At 31 March 2544,18744,187
Depreciation and impairment
At 01 April 2496,90396,903
Charge for year6,1756,175
On disposals(70,944)(70,944)
At 31 March 2532,13432,134
Net book value
At 31 March 2512,05312,053
At 31 March 2427,68727,687
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 2411
At 31 March 2511
Net book value
At 31 March 2511
At 31 March 2411

Notes

1Investments in group undertakings and participating interests
6.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables22,773-
Other debtors259,6391,376,394
Prepayments and accrued income10,72823,020
Total293,1401,399,414
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables5,58982,695
Amounts owed to related parties11
Other creditors-3,743
Accrued liabilities and deferred income4,45024,700
Total10,040111,139
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.