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REGISTERED NUMBER: 09407408 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

NEQUINOX STUDIOS LTD.

NEQUINOX STUDIOS LTD. (REGISTERED NUMBER: 09407408)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEQUINOX STUDIOS LTD.

Company Information
for the year ended 31 August 2024







DIRECTORS: S Robinson
A Robinson
I M Deary





REGISTERED OFFICE: Kingston House
Manchester Road
Hyde
Greater Manchester
SK14 2BZ





REGISTERED NUMBER: 09407408 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

NEQUINOX STUDIOS LTD. (REGISTERED NUMBER: 09407408)

Balance Sheet
31 August 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 59,360 55,224

CURRENT ASSETS
Debtors 5 512,363 272,817
Cash at bank and in hand 257,067 388,079
769,430 660,896
CREDITORS
Amounts falling due within one year 6 (358,046 ) (353,801 )
NET CURRENT ASSETS 411,384 307,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

470,744

362,319

CREDITORS
Amounts falling due after more than one
year

7

(8,290

)

(18,386

)

PROVISIONS FOR LIABILITIES 8 (14,840 ) (13,806 )
NET ASSETS 447,614 330,127

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 447,514 330,027
SHAREHOLDERS' FUNDS 447,614 330,127

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

NEQUINOX STUDIOS LTD. (REGISTERED NUMBER: 09407408)

Balance Sheet - continued
31 August 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 16 July 2025 and were signed on its behalf by:




A Robinson - Director



S Robinson - Director


NEQUINOX STUDIOS LTD. (REGISTERED NUMBER: 09407408)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Nequinox Studios Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.
Revenue from provision of video game development services is recognised at the point of sale.

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

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

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.

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.

NEQUINOX STUDIOS LTD. (REGISTERED NUMBER: 09407408)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future and therefore continues to adopt the going concern basis in preparing its financial statement.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 September 2023 7,379 149,592 156,971
Additions - 32,400 32,400
At 31 August 2024 7,379 181,992 189,371
DEPRECIATION
At 1 September 2023 2,364 99,383 101,747
Charge for year 1,003 27,261 28,264
At 31 August 2024 3,367 126,644 130,011
NET BOOK VALUE
At 31 August 2024 4,012 55,348 59,360
At 31 August 2023 5,015 50,209 55,224

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 451,170 260,540
Other debtors 61,193 12,277
512,363 272,817

NEQUINOX STUDIOS LTD. (REGISTERED NUMBER: 09407408)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 9,693 14,597
Trade creditors 49,930 739
Taxation and social security 284,315 260,370
Other creditors 14,108 78,095
358,046 353,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 8,290 18,386

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 14,840 13,806

Deferred tax
£
Balance at 1 September 2023 13,806
Provided during year 1,034
Accelerated capital allowances
Balance at 31 August 2024 14,840

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1.00 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£ £
A Robinson
Balance outstanding at start of year 3,700 -
Amounts advanced - 3,700
Amounts repaid (3,700 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,700

NEQUINOX STUDIOS LTD. (REGISTERED NUMBER: 09407408)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The above loan is interest free and repayable on demand.