REGISTERED NUMBER: 14051889 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

NEXTGEN PLAY LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

106,982

105,678

Tangible assets

5

2,482

4,108

109,464

109,786

CURRENT ASSETS

Cash at bank

2,596

4,178

CREDITORS

Amounts falling due within one year

6

314,018

209,481

NET CURRENT LIABILITIES

(311,422

)

(205,303

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(201,958

)

(95,517

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(202,058

)

(95,617

)

(201,958

)

(95,517

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2025 and were signed on its behalf by:

J L Sprey - Director

1.	STATUTORY INFORMATION

Nextgen Play Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14051889

Registered office:

27 Palmeria Mansions

Ground Floor Office Front

Church Road

Hove

East Sussex

BN3 2FA

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Customer account balances represent amounts due to players, which are available for withdrawal (as set out in NextGen Plays' terms and conditions). The Company's shareholders have provided a guarantee to ensure that all customer account balances are fully covered. In the event that the Company is unable to meet these obligations from its own resources, the shareholders have committed to funding any shortfall to ensure full payout to customers. This guarantee does not constitute a formal legal obligation but reflects the shareholders' commitment to the ongoing operation and financial stability of the platform

Intangible assets

Intangible assets are categorised as development costs which are internally generated. Development costs are capitalised when it is able to demonstrate all of the following: technical feasibility of completing the development so the intangible asset will be available for use or sale, its intention to complete the development and to use or sell the intangible asset, its ability to use to sell the intangible asset, how the intangible asset will generate probable future economic benefits, the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset and its ability to measure reliably the expenditure attributable to the intangible asset during its development. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangibles assets are amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33.3% straight line

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The directors acknowledge the net liabilities position and have confirmed they will continue to support the company so it is able to fulfil its obligations as they fall due. Therefore, the directors believe that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of the approval of these financial statements. The directors have concluded that the going concern basis of preparation of these financial statements remains appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 May 2024

114,391

Additions

25,454

At 30 April 2025

139,845

AMORTISATION

At 1 May 2024

8,713

Amortisation for year

24,150

At 30 April 2025

32,863

NET BOOK VALUE

At 30 April 2025

106,982

At 30 April 2024

105,678

All intangibles relate to internally generated development costs.

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2024

and 30 April 2025

4,878

DEPRECIATION

At 1 May 2024

770

Charge for year

1,626

At 30 April 2025

2,396

NET BOOK VALUE

At 30 April 2025

2,482

At 30 April 2024

4,108

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

750

4,240

Other creditors

313,268

205,241

314,018

209,481

Included within other creditors is £287,691 of amounts due to shareholders. Interest on the loan is accrued at 10% per annum and included in finance costs. The loan does not carry a fixed repayment date.