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REGISTERED NUMBER: 11759932 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Network Fantasy Holdings Limited

Network Fantasy Holdings Limited (Registered number: 11759932)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Network Fantasy Holdings Limited (Registered number: 11759932)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,451 33,302
Tangible assets 5 7,224 9,266
37,675 42,568

CURRENT ASSETS
Debtors 6 34,171 41,295
Cash at bank 191,475 39,786
225,646 81,081
CREDITORS
Amounts falling due within one year 7 246,502 342,326
NET CURRENT LIABILITIES (20,856 ) (261,245 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,819

(218,677

)

CREDITORS
Amounts falling due after more than one
year

8

(7,033

)

(17,424

)

PROVISIONS FOR LIABILITIES 112,066 214,231
NET ASSETS/(LIABILITIES) 121,852 (21,870 )

CAPITAL AND RESERVES
Called up share capital 9 6 4
Share premium 5,232,659 4,230,956
Retained earnings (5,110,813 ) (4,252,830 )
SHAREHOLDERS' FUNDS 121,852 (21,870 )

Network Fantasy Holdings Limited (Registered number: 11759932)

Balance Sheet - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 1 August 2025 and were signed on its behalf by:





H J Collins - Director


Network Fantasy Holdings Limited (Registered number: 11759932)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Network Fantasy Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11759932

Registered office: 27 Old Gloucester Street
London
WC1N 3AX

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


Monetary amounts in these financial statements are rounded to the nearest £1.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Network Fantasy Holdings Limited (Registered number: 11759932)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Turnover and revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover is recognised by reference to the point at which services have been provided.

Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business combination are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trademarksstraight line over 5 years
Customers liststraight line over 5 years
Capitalised development costsstraight line over 3 years

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation.

Depreciation is provided on a straight line basis so as to write off the cost over its estimated useful economic life as follows:

Computer and office equipment 3 years

Financial instruments
All of the financial instruments of the company are basic and the company has elected to apply the provisions of Section 11 "Basic Financial Instruments of FRS 10" to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instruments.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents
Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


Network Fantasy Holdings Limited (Registered number: 11759932)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current 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 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.

Research and development expenditure
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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.

Going concern
The directors have considered the trading performance of the company during the year, and have considered the business plans for the forthcoming year indicating continuing losses whilst the business develops fully. The directors have noted the funds raised from the issue of shares after the year end, and are reassured that the future funding requirements of the company can continued to be met with the support if its shareholders.

Accordingly, based upon the available information, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Share-based payments
Equity-settled share-based payments are measured at fair value at the date of grant by reference to a recent share transaction in the company.The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 13 ) .

Network Fantasy Holdings Limited (Registered number: 11759932)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2024
and 31 March 2025 252,106
AMORTISATION
At 1 April 2024 218,804
Charge for year 2,851
At 31 March 2025 221,655
NET BOOK VALUE
At 31 March 2025 30,451
At 31 March 2024 33,302

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 19,143
Additions 1,199
At 31 March 2025 20,342
DEPRECIATION
At 1 April 2024 9,877
Charge for year 3,241
At 31 March 2025 13,118
NET BOOK VALUE
At 31 March 2025 7,224
At 31 March 2024 9,266

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 34,171 41,295

Network Fantasy Holdings Limited (Registered number: 11759932)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 124,051 109,797
Amounts owed to group undertakings 23,500 20,000
Taxation and social security 32,161 181,191
Other creditors 66,790 31,338
246,502 342,326

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Other creditors 7,033 17,424

Other creditors due more than one year relates to unsecured bounce-back loan on which interest totalling £571 (2024:£2,143) was charged during the year.

9. CALLED UP SHARE CAPITAL

2025 2024
£    £   
Ordinary Share Capital
Issued and fully paid
Ordinary A shares 51,510 29,446
Ordinary B shares 10,648 10,648
Ordinary C shares 940 940
Growth shares 2,534 2534
65,632 43,568

During the year 22,064 (2024: 1,228) Ordinary A shares were issued at £0.0001. Total premium of £1,001,704 (2024: £984,151) has been recorded in respect of these issues. These shares were fully paid.

10. RELATED PARTY DISCLOSURES

Transactions between the Company and its related parties are shown below.

At the year end the Company owed £1,137.31 (2024 £1,137.31) to a controlling
party.

During the year, additional unsecured loans of £32,600 were made to the company by family members of the controlling party. The full amount of £52,600 (2024 £20,000) was outstanding at the year end.

11. SHARE-BASED PAYMENT TRANSACTIONS

The company did not issue new share options during the year (2024: Nil), 64 options elapsed (2024:77). As at 31 March 2025, there were 2,942 (2024: 3,006) share options in existence.