Mantic Entertainment Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06770093

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		44,000		12,500
Tangible Assets	5		465,843		414,788

			509,843		427,288
CURRENT ASSETS
Stocks		457,268		396,584
Debtors	6	1,127,850		1,037,427
Cash at bank and in hand		1,250,597		659,979

		2,835,715		2,093,990
Creditors: Amounts Falling Due Within One Year	7	(1,789,899 )		(1,097,770 )

NET CURRENT ASSETS (LIABILITIES)			1,045,816		996,220

TOTAL ASSETS LESS CURRENT LIABILITIES			1,555,659		1,423,508

Creditors: Amounts Falling Due After More Than One Year	8		(173,502 )		(270,998 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(107,672 )		(92,979 )

NET ASSETS			1,274,485		1,059,531

CAPITAL AND RESERVES
Called up share capital			192,149		192,149
Share premium account			446,851		446,851
Profit and Loss Account			635,485		420,531

SHAREHOLDERS' FUNDS			1,274,485		1,059,531

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Mantic Entertainment Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

R J Renton

Director

28th September 2025

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

1. General Information

Mantic Entertainment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06770093 . The registered office is Mantic House 193 Hempshill Lane, Bulwell, Nottingham, Notts, NG6 8PF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are the capitalised costs of the development of intellectual property rights for the manufacture and sale of war gaming fantasy miniature models and accessories. Intangible assets are stated at cost less amortisation. Amortisation is provided over the useful economic life of the asset and commences when the asset commences being utilised.

The estimated useful lives range as follows:

- Development expenditure: 12.5% - 25% straight line.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	12.5% - 50%
Motor Vehicles	25%

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Mantic Entertainment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 28 (2023: 28)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 January 2024	-	113,928	113,928
Additions	35,000	-	35,000

As at 31 December 2024	35,000	113,928	148,928

Amortisation
As at 1 January 2024	-	101,428	101,428
Provided during the period	3,500	-	3,500

As at 31 December 2024	3,500	101,428	104,928

Net Book Value
As at 31 December 2024	31,500	12,500	44,000

As at 1 January 2024	-	12,500	12,500

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Mantic Entertainment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	2,563,003	-	2,563,003
Additions	202,454	49,667	252,121

As at 31 December 2024	2,765,457	49,667	2,815,124

Depreciation
As at 1 January 2024	2,148,215	-	2,148,215
Provided during the period	194,858	6,208	201,066

As at 31 December 2024	2,343,073	6,208	2,349,281

Net Book Value
As at 31 December 2024	422,384	43,459	465,843

As at 1 January 2024	414,788	-	414,788

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	277,800	141,066
Other debtors	268,408	314,719
Amounts owed by group undertakings	581,642	581,642

	1,127,850	1,037,427

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	278,476	122,799
Bank loans and overdrafts	40,000	40,000
Corporation tax	32,045	-
Other taxes and social security	27,722	28,482
Other creditors	1,411,656	906,489

	1,789,899	1,097,770

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	173,502	270,998

9. Related Party Transactions

At the year end the company was owed £581,642 (2023: £581,642) by its parent company, Mantic Holdings Limited.

During the year the company made a loan of £nil (2023: £25,000) to Ten Ten Agency Limited, a company owned by a family member of a director. This amount remained outstanding at the year end.

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Mantic Entertainment Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Ultimate Controlling Party

The company's ultimate controlling party is R J Renton by virtue of his ownership of the issued share capital in the company's holding company, Mantic Holdings Limited.

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