| Registered number: 15181116 | ||||||||
| FOR THE YEAR ENDED 31/12/2024 | ||||||||
| Prepared By: | ||||||||
| GT Accountants Limited | ||||||||
| Unit 7, The Court House | ||||||||
| 72 Moorland Road, Burslem | ||||||||
| Stoke on Trent | ||||||||
| Staffs | ||||||||
| ST6 1DY | ||||||||
| Real Fun Group Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31/12/2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 15181116 | ||||||||
| ACCOUNTANTS | ||||||||
| GT Accountants Limited | ||||||||
| Unit 7, The Court House | ||||||||
| 72 Moorland Road, Burslem | ||||||||
| Stoke on Trent | ||||||||
| Staffs | ||||||||
| ST6 1DY | ||||||||
| Real Fun Group Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31/12/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| Real Fun Group Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Investment Assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 4 | |||||||||
| Cash at bank and in hand | ||||||||||
| 2,004,513 | 2,199,644 | |||||||||
| CREDITORS: Amounts falling due within one year | 5 | |||||||||
| NET CURRENT ASSETS | 425,974 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 7 | |||||||||
| Share premium account | 8 | |||||||||
| Profit and loss account | (321,558) | (95,795) | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| Director | ||||||||||
| Real Fun Group Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31/12/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Investments | ||||||||
| Fixed asset investments are shown at cost less amounts written off. | ||||||||
| Provisions are made for permanent fluctuations in value. | ||||||||
| 2. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 1 | |||||
| Real Fun Group Limited | ||||||||
| 3. FINANCIAL ASSETS | |||||||||
| Shares in group companies | |||||||||
| and participating interests | Total | ||||||||
| £ | £ | ||||||||
| Cost | |||||||||
| At 01/01/2024 | 478,035 | 478,035 | |||||||
| Additions | 250 | 250 | |||||||
| At 31/12/2024 | 478,285 | 478,285 | |||||||
| Amortisation | |||||||||
| Net Book Amounts | |||||||||
| At 31/12/2024 | 478,285 | 478,285 | |||||||
| At 31/12/2023 | 478,035 | 478,035 | |||||||
| The company holds 100% of the share capital of Witnall Automatics Limited; a company that operates a number of Bingo Halls and associated entertainment venues and is incorporated in England & Wales. The aggregate amount of capital and reserves for this company as at 31 December 2024 were £1,021,854 (2023 - £1,437,602). The loss of Witnall Automatics Limited for the year ended 31 December 2024 was a £415,748 (six month ended 31 December 2023 - profit £1,250,818). | |||||||||
| The company holds 100% of the share capital of Majestic Bingo Online Limited; an online Bingo company incorporated in England & Wales. The agregate amount of capital and reserves for this company as at 31 December 2023 were £94,984 (2023 - £8,964). The profit of Majestic Bingo Online Limtied for the year ended 31 December 2024 was £88,719 (2023 - loss £54,826). | |||||||||
| 4. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| VAT | - | 9,060 | ||||||
| Other debtors | - | 523,750 | ||||||
| Amounts due from group companies | 1,949,608 | 1,620,873 | ||||||
| Prepayments | - | 17,250 | ||||||
| Deferred taxation | 53,923 | 11,752 | ||||||
| 2,003,531 | 2,182,685 | |||||||
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Loans | 1,784,806 | 1,737,500 | ||||||
| Trade creditors | 605 | 2,717 | ||||||
| Other creditors | - | 32,223 | ||||||
| Accruals | 18,952 | 1,230 | ||||||
| 1,804,363 | 1,773,670 | |||||||
| Real Fun Group Limited | ||||||||
| 6. SECURED CREDITORS | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Amount of other creditors which are secured | 1,784,806 | 1,737,500 | ||||||
| There is a fixed and floating charge over all of the assets of Real Fun Group Limited by the lender providing additional funding regarding the subsidiary Witnall Automatics Limited acquiring eight bingo halls.There is also security over the assets of the subsidiary Witnall Automatics Limited and a personal guarantee by the directors Mr K McGinnigle and M D Gallimore to the lender. The loan was initially for a one year period with a view to extend which the director is currently in the process of negotiating. It is anticipated that these negotiations will be completed shortly and an extention to the loan agreed. | ||||||||
| 7. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 2,000 | 2,000 | |||||||
| 2,000 | 2,000 | |||||||
| 8. SHARE PREMIUM ACCOUNT | 2024 | 2023 | ||||
| £ | £ | |||||
| Share premium account | 997,993 | 997,804 |
| 9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||