Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 24 March 2023 false 1 April 2024 31 March 2025 31 March 2025 14755979 Mr Junaid Hussain Mr John Lusty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14755979 2024-03-31 14755979 2025-03-31 14755979 2024-04-01 2025-03-31 14755979 frs-core:CurrentFinancialInstruments 2025-03-31 14755979 frs-core:ComputerEquipment 2025-03-31 14755979 frs-core:ComputerEquipment 2024-04-01 2025-03-31 14755979 frs-core:ComputerEquipment 2024-03-31 14755979 frs-core:FurnitureFittings 2025-03-31 14755979 frs-core:FurnitureFittings 2024-04-01 2025-03-31 14755979 frs-core:FurnitureFittings 2024-03-31 14755979 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 14755979 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 14755979 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 14755979 frs-core:OtherReservesSubtotal 2025-03-31 14755979 frs-core:SharePremium 2025-03-31 14755979 frs-core:ShareCapital 2025-03-31 14755979 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 14755979 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14755979 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 14755979 frs-bus:SmallEntities 2024-04-01 2025-03-31 14755979 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14755979 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14755979 frs-bus:Director1 2024-04-01 2025-03-31 14755979 frs-bus:Director2 2024-04-01 2025-03-31 14755979 frs-countries:EnglandWales 2024-04-01 2025-03-31 14755979 2023-03-23 14755979 2024-03-31 14755979 2023-03-24 2024-03-31 14755979 frs-core:CurrentFinancialInstruments 2024-03-31 14755979 frs-core:OtherReservesSubtotal 2024-03-31 14755979 frs-core:SharePremium 2024-03-31 14755979 frs-core:ShareCapital 2024-03-31 14755979 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 14755979
Iconic Interactive Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14755979
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,951 33,498
41,951 33,498
CURRENT ASSETS
Debtors 5 556,089 140,694
Cash at bank and in hand 395,575 2,029,012
951,664 2,169,706
Creditors: Amounts Falling Due Within One Year 6 (52,353 ) (58,846 )
NET CURRENT ASSETS (LIABILITIES) 899,311 2,110,860
TOTAL ASSETS LESS CURRENT LIABILITIES 941,262 2,144,358
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,488 ) -
NET ASSETS 930,774 2,144,358
CAPITAL AND RESERVES
Called up share capital 7 743 743
Share premium account 646,351 646,351
Other reserves 2,450,623 1,995,752
Profit and Loss Account (2,166,943 ) (498,488 )
SHAREHOLDERS' FUNDS 930,774 2,144,358
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Lusty
Director
1 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Iconic Interactive Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 14755979 . The registered office is 35 Ballards Lane, London, N3 1XW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for products provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of video game licences is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch or download) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 3 years straight line
Fixtures & Fittings 3 years straight line
Computer Equipment 3 years straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
The company has claimed a Creative Industries tax credit to reduce the amount of tax payable which may result in an overall amount repayable to the company.
A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 4)
14 4
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4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 15,635 3,646 16,346 35,627
Additions - 10,653 18,663 29,316
Disposals - (295 ) (1,960 ) (2,255 )
As at 31 March 2025 15,635 14,004 33,049 62,688
Depreciation
As at 1 April 2024 435 262 1,432 2,129
Provided during the period 5,211 4,304 9,093 18,608
As at 31 March 2025 5,646 4,566 10,525 20,737
Net Book Value
As at 31 March 2025 9,989 9,438 22,524 41,951
As at 1 April 2024 15,200 3,384 14,914 33,498
5. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Other debtors 505,174 89,779
Due after more than one year
Other debtors 50,915 50,915
556,089 140,694
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors 5,622 -
Amounts owed to group undertakings - 20,000
Other creditors 46,731 38,846
52,353 58,846
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7. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 743 743
Page 5