Loop Games UK Ltd - Filleted accounts

Registered number

13675478

Loop Games UK Ltd

Unaudited Filleted Accounts

31 December 2024

Loop Games UK Ltd
Registered number:		13675478
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Current assets
Debtors	3	130,067,032			122,290,487
Investments held as current assets	4	24,128,321			33,662,135
Cash at bank and in hand		196,706			388,222
		154,392,059			156,340,844

Creditors: amounts falling due within one year	5	(762,535)			(677,299)

Net current assets			153,629,524			155,663,545

Net assets			153,629,524			155,663,545

Capital and reserves
Called up share capital			148,197,388			152,429,215
Profit and loss account			5,432,136			3,234,330

Shareholder's funds			153,629,524			155,663,545

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mert Gur
Director
Approved by the board on 12 August 2025

Loop Games UK Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	0		0


3	Debtors	2024		2023
£			£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest	130,067,033		122,290,486


4	Investments held as current assets	2024		2023
£			£
	Fair value
	Listed investments	-		671,492,966
	Unlisted investments	24,128,321		(637,830,831)
		24,128,321		33,662,135



5	Creditors: amounts falling due within one year	2024		2023
£			£

	Trade creditors	-		(982)
	Taxation and social security costs	762,535		678,281
		762,535		677,299


6	Other information

	Loop Games UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 57-58 Capital Business Centre
	22 Carlton Road
	South Croydon
	CR2 0BS