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REGISTERED NUMBER: 10103578 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

NERIAL LTD

NERIAL LTD (REGISTERED NUMBER: 10103578)






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




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Income Statement 8

Other Comprehensive Income 9

Statement of Financial Position 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


NERIAL LTD

Company Information
for the year ended 31 December 2024







DIRECTORS: T Alliot
G S Struthers
B P Chadwick





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 10103578 (England and Wales)





AUDITORS: Feist Hedgethorne Limited
Statutory Auditors
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

NERIAL LTD (REGISTERED NUMBER: 10103578)

Report of the Directors
for the year ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of video game developer.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

T Alliot
G S Struthers

Other changes in directors holding office are as follows:

D Morin - resigned 31 January 2024
B P Chadwick - appointed 1 June 2024

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

DIRECTOR'S INTERESTS IN CONTRACTS OF SIGNIFICANCE
There were no contracts of significance to which the company was a party, and in which the director of the company had a material interest, whether directly or indirectly, subsisting at the end of the year or at any time during the year.

DIRECTOR'S INDEMNITIES
The company has made no qualifying third party indemnity payments for the benefit of the directors during the year.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.


NERIAL LTD (REGISTERED NUMBER: 10103578)

Report of the Directors
for the year ended 31 December 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





T Alliot - Director


9 July 2025

Report of the Independent Auditors to the Members of
Nerial Ltd

Opinion
We have audited the financial statements of Nerial Ltd (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 101 'Reduced Disclosure Framework' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Nerial Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Nerial Ltd


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:

- obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the company operates in and how the company is complying with the legal and regulatory framework;

- inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;

- discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, and tax compliance regulations. We performed audit procedures to detect instances of non-compliance which may have a material impact on the financial statements which included reviewing financial statement disclosures, inspecting correspondence where relevant authorities, and evaluating advice received from external tax advisors.

The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included, but were not limited to, testing manual journal entries, reviewing changes to accounting policies and other adjustments and evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Nerial Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Chris Morey (Senior Statutory Auditor)
for and on behalf of Feist Hedgethorne Limited
Statutory Auditors
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

9 July 2025

NERIAL LTD (REGISTERED NUMBER: 10103578)

Income Statement
for the year ended 31 December 2024

2024 2023
Notes £ £

TURNOVER 3 933,300 1,751,784

Cost of sales (133,842 ) (87,765 )
GROSS PROFIT 799,458 1,664,019

Administrative expenses (2,108,826 ) (1,130,714 )
OPERATING (LOSS)/PROFIT (1,309,368 ) 533,305

Interest receivable and similar income 3,060 -
(LOSS)/PROFIT BEFORE TAXATION 5 (1,306,308 ) 533,305

Tax on (loss)/profit 6 317,123 112,577
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(989,185

)

645,882

NERIAL LTD (REGISTERED NUMBER: 10103578)

Other Comprehensive Income
for the year ended 31 December 2024

2024 2023
Notes £ £

(LOSS)/PROFIT FOR THE YEAR (989,185 ) 645,882


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(989,185

)
Prior year adjustment 502,315
TOTAL COMPREHENSIVE INCOME
SINCE LAST ANNUAL REPORT

1,148,197

NERIAL LTD (REGISTERED NUMBER: 10103578)

Statement of Financial Position
31 December 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 7 712,437 1,572,345
Tangible assets 8 10,733 14,979
723,170 1,587,324

CURRENT ASSETS
Debtors 9 2,612,761 2,715,954
Cash at bank 256,027 217,083
2,868,788 2,933,037
CREDITORS
Amounts falling due within one year 10 (152,924 ) (90,681 )
NET CURRENT ASSETS 2,715,864 2,842,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,439,034

4,429,680

PROVISIONS FOR LIABILITIES 11 (1,635 ) (3,096 )
NET ASSETS 3,437,399 4,426,584

CAPITAL AND RESERVES
Called up share capital 12 18 18
Share premium 299,993 299,993
Retained earnings 13 3,137,388 4,126,573
SHAREHOLDERS' FUNDS 3,437,399 4,426,584

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





T Alliot - Director


NERIAL LTD (REGISTERED NUMBER: 10103578)

Statement of Changes in Equity
for the year ended 31 December 2024

Called up
share Retained Share Total
capital earnings premium equity
£ £ £ £
Balance at 1 January 2023 18 2,978,376 299,993 3,278,387
Prior year adjustment - 502,315 - 502,315
As restated 18 3,480,691 299,993 3,780,702

Changes in equity
Total comprehensive income - 645,882 - 645,882
Balance at 31 December 2023 18 4,126,573 299,993 4,426,584

Changes in equity
Total comprehensive income - (989,185 ) - (989,185 )
Balance at 31 December 2024 18 3,137,388 299,993 3,437,399

NERIAL LTD (REGISTERED NUMBER: 10103578)

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

1. STATUTORY INFORMATION

Nerial 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 preparation
These financial statements have been prepared in accordance with the Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

For all periods up to and including the period ended 29 April 2021 the company prepared its financial statements in accordance with UK GAAP. These financial statements, including the comparatives, are the first the company has prepared in accordance with IFRS.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;
the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii),
B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;
the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued
Operations;
the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;
the requirements of IFRS 7 Financial Instruments: Disclosures;
the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;
the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of
IFRS 16 Leases;
the requirements of paragraph 58 of IFRS 16;
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to
(c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;
the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative
information in respect of:
- paragraphs 53(a), (h) and (j) of IFRS 16;
- paragraph 79(a)(iv) of IAS 1;
- paragraph 73(e) of IAS 16 Property, Plant and Equipment;
- paragraph 118(e) of IAS 38 Intangible Assets;
- paragraphs 76 and 79(d) of IAS 40 Investment Property; and
- paragraph 50 of IAS 41 Agriculture;
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to
136 of IAS 1;
the requirements of
- paragraphs 1 to 44E, 44H(b)(ii) and 45 to 63 of IAS 7 Statement of Cash Flows; and
- paragraphs 44F, 44G, 44H(a), 44H(b)(i), 44H(b)(iii) and 44H(c) of IAS 7;
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates
and Errors;
the requirements of paragraphs 88C and 88D of IAS 12 Income Taxes;
the requirements of paragraph 74(b) of IAS 16;
the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into
between two or more members of a group;
the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

NERIAL LTD (REGISTERED NUMBER: 10103578)

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

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT.

Revenue from ready-made interactive leisure and entertainment software development are recognised at the point of sale and based on accruals basis.

Intangible assets
Development costs
Game development costs are capitalised in the balance sheet in the year of expenditure in line with the parent company's Group capitalisation policy. Costs which do not meet the criteria are expensed through the profit and loss account.

Costs are amortised over a three year period once the game has been released and the amortisation rate is based on 60% in year one and 20% in each of year two and three.

Patents & licences
Trademark costs are capitalised in the balance sheet and amortised over a 10 year period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employee benefit costs
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

NERIAL LTD (REGISTERED NUMBER: 10103578)

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

2. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS
2024 2023
£ £
Wages and salaries 253,003 267,361
Social security costs 50,088 30,596
Other pension costs 13,282 4,684
316,373 302,641

The average number of employees during the year was as follows:
2024 2023

Directors 3 3
Operations Staff 12 11
15 14

2024 2023
£ £
Directors' remuneration 29,066 68,799
Directors' pension contributions to money purchase schemes 2,649 881

5. (LOSS)/PROFIT BEFORE TAXATION

The loss before taxation (2023 - profit before taxation) is stated after charging:
2024 2023
£ £
Depreciation - owned assets 11,818 13,628
Loss on disposal of fixed assets 1,243 -
Patents and licences amortisation 647 -
Development costs amortisation 602,078 475,540
Auditors' remuneration 9,517 8,000
Foreign exchange differences 36,694 81,403

NERIAL LTD (REGISTERED NUMBER: 10103578)

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

6. TAXATION

Analysis of tax income
2024 2023
£ £
Current tax:
Corporation tax (315,662 ) (113,068 )

Deferred tax (1,461 ) 491
Total tax income in income statement (317,123 ) (112,577 )

7. INTANGIBLE FIXED ASSETS
Patents and Development
licences costs Totals
£ £ £
COST
At 1 January 2024 - 2,299,961 2,299,961
Additions 6,468 571,755 578,223
Impairments - (835,406 ) (835,406 )
At 31 December 2024 6,468 2,036,310 2,042,778
AMORTISATION
At 1 January 2024 - 727,616 727,616
Amortisation for year 647 602,078 602,725
At 31 December 2024 647 1,329,694 1,330,341
NET BOOK VALUE
At 31 December 2024 5,821 706,616 712,437
At 31 December 2023 - 1,572,345 1,572,345

NERIAL LTD (REGISTERED NUMBER: 10103578)

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

8. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 January 2024 70,187
Additions 8,815
Disposals (3,377 )
At 31 December 2024 75,625
DEPRECIATION
At 1 January 2024 55,208
Charge for year 11,818
Eliminated on disposal (2,134 )
At 31 December 2024 64,892
NET BOOK VALUE
At 31 December 2024 10,733
At 31 December 2023 14,979

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 2,189,224 270,986
Other debtors 2,368 2,373
Tax 412,488 156,127
VAT 3,449 10,467
Prepayments & accrued income 5,232 2,276,001
2,612,761 2,715,954

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 627 -
Amounts owed to group undertakings 5,017 -
PAYE/NIC 47,352 23,209
Other creditors 7,326 12,341
Net wages 9,717 5,378
Accrued expenses 82,885 49,753
152,924 90,681

11. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 1,635 3,096

NERIAL LTD (REGISTERED NUMBER: 10103578)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 January 2024 3,096
Accelerated capital allowances (1,461 )
Balance at 31 December 2024 1,635

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
175 Ordinary £0.10 £0.10 18 18

No share options have been issued by the company.

13. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 1 January 2024 4,126,573 299,993 4,426,566
Deficit for the year (989,185 ) (989,185 )
At 31 December 2024 3,137,388 299,993 3,437,381

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Devolver Digital Inc, a company registered in the United States of America.

The consolidated financial statements of Devolver Digital Inc will be made up to 31 December 2024 and are available for inspection on request at 3267 Bee Caves Rd, #107, Box 63, Austin, Texas 78746, United States.

15. SHARE-BASED PAYMENT TRANSACTIONS

There were no share based payments made in the year.