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Registration number: 11925087

Eureka Escape Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2023 to 25 September 2024

 

Eureka Escape Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Eureka Escape Limited

Company Information

Directors

Ms H J Cahalane

Registered office

10b Church Road
Penarth
Vale of Glamorgan
CF64 1AE

Accountants

D.J. Reynolds & Co. 15 Alverton Street
Penzance
Cornwall
TR18 2QP

 

Eureka Escape Limited

(Registration number: 11925087)
Balance Sheet as at 25 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

24,000

Tangible assets

5

-

615

 

-

24,615

Current assets

 

Debtors

6

446

5,097

Cash at bank and in hand

 

129

2,240

 

575

7,337

Creditors: Amounts falling due within one year

7

(17,722)

(22,187)

Net current liabilities

 

(17,147)

(14,850)

Total assets less current liabilities

 

(17,147)

9,765

Provisions for liabilities

-

(117)

Net (liabilities)/assets

 

(17,147)

9,648

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(17,247)

9,548

Shareholders' (deficit)/funds

 

(17,147)

9,648

For the financial period ending 25 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 July 2025
 

.........................................
Ms H J Cahalane
Director

 

Eureka Escape Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 25 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10b Church Road
Penarth
Vale of Glamorgan
CF64 1AE
Wales

These financial statements were authorised for issue by the director on 23 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company ceased trading in September 2024, and the accounts are no longer prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Eureka Escape Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 25 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

 

Eureka Escape Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 25 September 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as an employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 6 (2023 - 13).

 

Eureka Escape Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 25 September 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

24,000

24,000

Disposals

(24,000)

(24,000)

At 25 September 2024

-

-

Amortisation

Carrying amount

At 25 September 2024

-

-

At 31 March 2023

24,000

24,000

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,053

2,053

Disposals

(2,053)

(2,053)

At 25 September 2024

-

-

Depreciation

At 1 April 2023

1,438

1,438

Eliminated on disposal

(1,438)

(1,438)

At 25 September 2024

-

-

Carrying amount

At 25 September 2024

-

-

At 31 March 2023

615

615

 

Eureka Escape Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 25 September 2024

6

Debtors

2024
£

2023
£

Prepayments

-

4,786

Other debtors

446

311

446

5,097

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

256

Taxation and social security

-

5,121

Accruals and deferred income

1,830

3,306

Other creditors

-

3,411

Director's Loan Account HJC

15,892

5,182

Director's Loan Account MKE

-

4,911

17,722

22,187

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Eureka Escape Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 25 September 2024

9

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

Capital introduced by director
£

At 25 September 2024
£

Ms H J Cahalane

Amounts due to/(from) the Director

5,182

(5,646)

16,357

15,893

         
       

 

2023

At 1 April 2022
£

Repayments by director
£

At 31 March 2023
£

Ms H J Cahalane

Amounts due to/(from) the Director

182

5,000

5,182