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Company registration number: 10031137
Ingame Recruitment Limited
Pages for filing with Registrar
31 March 2025
Ingame Recruitment Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Ingame Recruitment Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 6 4,210 3,774
_______ _______
4,210 3,774
Current assets
Debtors 7 39,979 73,033
Investments 8 1,322,724 1,288,805
Cash at bank and in hand 179,283 235,992
_______ _______
1,541,986 1,597,830
Creditors: amounts falling due
within one year 9 ( 79,817) ( 135,021)
_______ _______
Net current assets 1,462,169 1,462,809
_______ _______
Total assets less current liabilities 1,466,379 1,466,583
Provisions for liabilities ( 1,052) ( 2,233)
_______ _______
Net assets 1,465,327 1,464,350
_______ _______
Capital and reserves
Called up share capital 100 100
Capital redemption reserve 100 100
Profit and loss account 1,465,127 1,464,150
_______ _______
Shareholder funds 1,465,327 1,464,350
_______ _______
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:
Mr S Aiken
Director
Company registration number: 10031137
Ingame Recruitment Limited
Statement of changes in equity
Year ended 31 March 2025
Called up share capital Capital redemption reserve Fair value reserve Profit and loss account Total
£ £ £ £ £
At 1 April 2023 100 100 8,930 1,349,342 1,358,472
Profit for the year 318,834 318,834
Other comprehensive income for the year:
Transfers ( 8,930 ) 8,930 -
_______ | _______ | _______ | _______ | _______ |
Total comprehensive income for the year - - ( 8,930 ) 327,764 318,834
Dividends paid and payable ( 212,956 ) ( 212,956 )
_______ | _______ | _______ | _______ | _______ |
Total investments by and distributions to owners - - - ( 212,956 ) ( 212,956 )
_______ | _______ | _______ | _______ | _______ |
At 31 March 2024 and 1 April 2024 100 100 - 1,464,150 1,464,350
Profit for the year 977 977
_______ | _______ | _______ | _______ | _______ |
Total comprehensive income for the year - - - 977 977
_______ | _______ | _______ | _______ | _______ |
At 31 March 2025 100 100 - 1,465,127 1,465,327
_______ | _______ | _______ | _______ | _______ |
Ingame Recruitment Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Computer equipment - 15 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 9 ).
5. Tax on profit
Major components of tax expense
2025 2024
£ £
Current tax:
UK current tax expense 1,355 88,855
Adjustments in respect of previous periods ( 55) 1
_______ _______
Total UK current tax 1,300 88,856
_______ _______
Deferred tax:
Origination and reversal of timing differences ( 1,181) -
_______ _______
Tax on profit 119 88,856
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Computer equipment Total
£ £ £
Cost
At 1 April 2024 4,769 4,724 9,493
Additions - 1,497 1,497
_______ _______ _______
At 31 March 2025 4,769 6,221 10,990
_______ _______ _______
Depreciation
At 1 April 2024 3,916 1,803 5,719
Charge for the year 128 933 1,061
_______ _______ _______
At 31 March 2025 4,044 2,736 6,780
_______ _______ _______
Carrying amount
At 31 March 2025 725 3,485 4,210
_______ _______ _______
At 31 March 2024 853 2,921 3,774
_______ _______ _______
7. Debtors
2025 2024
£ £
Trade debtors 37,183 68,253
Other debtors 2,796 4,780
_______ _______
39,979 73,033
_______ _______
8. Investments
2025 2024
£ £
Other investments 1,322,724 1,288,805
_______ _______
9. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 684 2,535
Corporation tax 1,256 88,855
Social security and other taxes 15,452 17,564
Other creditors 62,425 26,067
_______ _______
79,817 135,021
_______ _______
10. Share-based payments
The company has granted Enterprise Management Incentive [EMI] options.Directors and staff are granted options at the company's discretion.On 29 September 2022 the company granted 10 share options to an employee at an excercise price of £2,375.60 per share. These options can be exercised on an exit event at any time before 28 September 2032.If any individual leaves the company before the exercise of their options then their options lapse.There are no performance conditions attaching to the scheme.
Details of the number and weighted average exercise prices (WAEP) of share options during the year are as follows:
2025 2024
No. WAEP No. WAEP
Outstanding at 1 April 2024 10 2,375.60 10 2,375.60
_________ _______ _________ _______
Exercisable at 31 March 2025 10 2,375.60 10 2,375.60
_________ _______ _________ _______
During the year the company recognised share-based payment expenses of £nil (2024 - £nil) which relate to equity settled share based payment transactions.