DARK MATH GAMES LTD


Directors	KENDER, Heiti
	OJA, Mihkel


Registered Address	159 Smugglers Way
	London
	SW18 1DB


Registered Number	14810396 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	30 Jun 2025		31 Dec 2024
		£	£	£	£
Fixed assets
Tangible assets	3		35,143		24,774
Investments	4		9,601		9,601
			44,744		34,375
Current assets
Debtors	5	281,366		345,877
Cash at bank and on hand		1,012		7,900
		282,378		353,777
Creditors amounts falling due within one year	6	(568,499)		(168,288)
Net current assets (liabilities)			(286,121)		185,489
Total assets less current liabilities			(241,377)		219,864
Creditors amounts falling due after one year	7		(2,218,498)		(1,590,522)
Net assets			(2,459,875)		(1,370,658)
Capital and reserves
Called up share capital			1,185		1,185
Profit and loss account			(2,461,060)		(1,371,843)
Shareholders' funds			(2,459,875)		(1,370,658)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 1 September 2025, and are signed on its behalf by:

KENDER, Heiti
Director
Registered Company No. 14810396

DARK MATH GAMES LTD

Notes to the Financial Statements
for the period ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 25	30,701	30,701
Additions	16,964	16,964
At 30 June 25	47,665	47,665
Depreciation and impairment
At 01 January 25	5,927	5,927
Charge for year	6,595	6,595
At 30 June 25	12,522	12,522
Net book value
At 30 June 25	35,143	35,143
At 31 December 24	24,774	24,774

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 25	9,601	9,601
At 30 June 25	9,601	9,601
Net book value
At 30 June 25	9,601	9,601
At 31 December 24	9,601	9,601

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,048	-
Amounts owed by group undertakings	54,361	54,235
Amounts owed by associates and joint ventures / participating interests	16,983	873
Other debtors	206,539	285,019
Prepayments and accrued income	2,435	5,750
Total	281,366	345,877

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	194,338	56,761
Amounts owed to related parties	1,000	1,000
Taxation and social security	13,372	8,348
Other creditors	330,524	18,296
Accrued liabilities and deferred income	29,265	83,883
Total	568,499	168,288

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	2,218,498	1,590,522
Total	2,218,498	1,590,522


	The loans totalling £2,218,498 all mature within 2-5 years and carry an interest rate equating to 100% of the loan. The balance includes interest accrued to date, which is payable on settlement of the loans. No security is provided.

8.	Related party transactions
	At the balance sheet date the company was owed £54,361 (2024 - £54,235) by its subsidiary Dark Math OU. The company owed £1,000 (2024 - £1,000) to X-X-X Nightshift Limited.

9.	Parent-subsidiary relationships
	The company holds 100% of the share capital of X-X-X Nightshift Ltd, a dormant company incorporated in England and Wales, registered office 159 Smugglers Way, London, SW18 1DB. It also holds 100% of the share capital of Dark Math Games OU, a company registered in Estonia at Harju maakond, Tallinn, Pirita linnaosa, Kastiku tee 9, 11912. The company has claimed exemption from preparing consolidated financial statements in accordance with S400 Companies Act 2006, as it is a small group. There are no material or non market rate transactions with these companies.

Parent-subsidiary relationships

The company holds 100% of the share capital of X-X-X Nightshift Ltd, a dormant company incorporated in England and Wales, registered office 159 Smugglers Way, London, SW18 1DB. It also holds 100% of the share capital of Dark Math Games OU, a company registered in Estonia at Harju maakond, Tallinn, Pirita linnaosa, Kastiku tee 9, 11912. 
 
The company has claimed exemption from preparing consolidated financial statements in accordance with S400 Companies Act 2006, as it is a small group. There are no material or non market rate transactions with these companies.