ISQUARED GAMES LIMITED


Director	ROPOTOVS, Anatolijs


Registered Address	International House
	36-38 Cornhill
	London
	EC3V 3NG


Registered Number	06807421 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		402		600
			402		600
Current assets
Debtors	4	6,594		4,808
Cash at bank and on hand		1,038		155
		7,632		4,963
Creditors amounts falling due within one year	5	(515,589)		(500,637)
Net current assets (liabilities)			(507,957)		(495,674)
Total assets less current liabilities			(507,555)		(495,074)
Net assets			(507,555)		(495,074)
Capital and reserves
Called up share capital			17		17
Profit and loss account			(507,572)		(495,091)
Shareholders' funds			(507,555)		(495,074)

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 Director acknowledges 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 Director on 27 September 2025, and are signed on its behalf by:

ROPOTOVS, Anatolijs
Director
Registered Company No. 06807421

ISQUARED GAMES LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

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 compliance with the Companies Act 2006 and Financial Reporting Standard 102 (FRS102) “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	33

	Financial instruments
	The company only have financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	14,514	14,514
At 31 December 24	14,514	14,514
Depreciation and impairment
At 01 January 24	13,914	13,914
Charge for year	198	198
At 31 December 24	14,112	14,112
Net book value
At 31 December 24	402	402
At 31 December 23	600	600

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	6,594	4,808
Total	6,594	4,808

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	5,355	6,775
Amounts owed to related parties	15,500	6,900
Other creditors	484,355	486,962
Accrued liabilities and deferred income	10,379	-
Total	515,589	500,637


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.