ACCOUNTS - Final Accounts preparation

Registered number: 15863400

DIGITAL GAMES EMPIRE LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2025

DIGITAL GAMES EMPIRE LTD

REGISTERED NUMBER: 15863400

BALANCE SHEET

AS AT 28 FEBRUARY 2025

		2025
Note		£

Fixed assets
Investments	4		4,254,000
			4,254,000
Current assets
Cash at bank and in hand	5	1,309
		1,309
Creditors: amounts falling due within one year	6	(842,000)
Net current (liabilities)/assets			(840,691)
Total assets less current liabilities			3,413,309
Creditors: amounts falling due after more than one year	7		(2,655,000)

Net assets			758,309

Capital and reserves
Called up share capital	8	24,000
Profit and loss account		734,309
		758,309

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DIGITAL GAMES EMPIRE LTD

REGISTERED NUMBER: 15863400

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A Z Abraham

Director

Date: 9 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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DIGITAL GAMES EMPIRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

1.	General information

Digital Games Empire Ltd is a private company limited by shares, incorporated in England and Wales. The address of its registered office is 5 Walrus Close, Woodley, Reading, Berkshire, RG5 4UQ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Reporting period

The Company was incorporated on 29 July 2024 therefore in these financial statements the Company's reporting period is 7 months and 2 days ending 28 February 2025.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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DIGITAL GAMES EMPIRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the period was 2.

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DIGITAL GAMES EMPIRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	4,254,000
	At 28 February 2025	4,254,000

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Class of shares	Holding

Classic Card Games Ltd

Ordinary

100%

	The aggregate of the share capital and reserves as at 28 February 2025 and the profit or loss for the period ended on that date for the subsidiary undertaking were as follows:
	Name	Aggregate of share capital and reserves	Profit/(Loss)

Classic Card Games Ltd

4,947,795

(126,157)

5.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	1,309

6.	Creditors: Amounts falling due within one year
		2025
		£

	Other creditors	840,000
	Accruals and deferred income	2,000

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DIGITAL GAMES EMPIRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

7.	Creditors: Amounts falling due after more than one year
		2025
		£

	Other creditors	2,655,000
		2,655,000

No interest is being charged on the amounts above except in the event of default where the interest rate will become an annual rate of 4% above the base rate.

8.	Share capital
		2025
		£

		Allotted, called up and fully paid

		12,000 Ordinary A shares of £1.00 each	12,000
		12,000 Ordinary B shares of £1.00 each	12,000

			24,000

During the period 12,000 Ordinary A shares and 12,000 Ordinary B shares were issued at par value.

9.	Related party transactions
	Dividends of £180,000 were paid to the Directors during the period. The Company has taken advantage of the exemption available per paragraph 33.1A of FRS 102 whereby it has not disclosed transactions with any wholly owned subsidiary of the Group.

10.	Controlling party

The Company is controlled by the Directors of the Company by virtue of their shareholdings.

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