Company No: 13257900 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	4	4,920		9,840
Tangible assets	5	220,654		223,443
		225,574		233,283
Current assets
Stocks		0		21,700
Debtors	6	256,013		55,233
Cash at bank and in hand		188,352		346,262
		444,365		423,195
Creditors: amounts falling due within one year	7	( 574,898)		( 453,160)
Net current liabilities		(130,533)		(29,965)
Total assets less current liabilities		95,041		203,318
Creditors: amounts falling due after more than one year	8	( 39,158)		( 30,661)
Provision for liabilities		( 51,811)		( 51,920)
Net assets		4,072		120,737
Capital and reserves
Called-up share capital		120		120
Profit and loss account		3,952		120,617
Total shareholder's funds		4,072		120,737

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of JM Game Limited (registered number: 13257900) were approved and authorised for issue by the Board of Directors on 16 September 2025. They were signed on its behalf by:

H Mouland Director

J M Mouland Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JM Game Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

Due to the increase in company activity, the business has exceeded FRS 105 limits so this year the accounts have transitioned to FRS 102 section 1A. Therefore deferred tax has been included this year and in the prior year. This is therefore altered the prior year's profit and loss reserve. Further explanation is shown in note 2.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

1 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	50 years straight line
Plant and machinery	15 % reducing balance
Vehicles	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2.Transition to FRS102

The Company has adopted FRS 102 for the period ended 31 March 2025 and has restated the comparative year amounts, due to the increased activity FRS 105 limits have been exceeded.

Reconciliation of equity

		01.04.2023		31.03.2024
		£		£
Capital and reserves (as previously stated)		130,697		172,657
Deferred tax		0		(51,920)
Capital and reserves (as restated)		130,697		120,737

Reconciliation of profit or loss

				31.03.2024
				£
Profit for the year (as previously stated)				241,840
Deferred tax				(51,920)
Profit for the year (as restated)				189,920

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		5

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	24,600		24,600
At 31 March 2025	24,600		24,600
Accumulated amortisation
At 01 April 2024	14,760		14,760
Charge for the financial year	4,920		4,920
At 31 March 2025	19,680		19,680
Net book value
At 31 March 2025	4,920		4,920
At 31 March 2024	9,840		9,840

5. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 April 2024	13,379		193,614		66,257		273,250
Additions	0		33,492		0		33,492
At 31 March 2025	13,379		227,106		66,257		306,742
Accumulated depreciation
At 01 April 2024	268		31,954		17,585		49,807
Charge for the financial year	268		28,712		7,301		36,281
At 31 March 2025	536		60,666		24,886		86,088
Net book value
At 31 March 2025	12,843		166,440		41,371		220,654
At 31 March 2024	13,111		161,660		48,672		223,443

6. Debtors

	2025		2024
	£		£
Trade debtors	185,125		24,750
Prepayments	67,714		13,080
VAT recoverable	3,174		17,403
	256,013		55,233

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	0		11,000
Amounts owed to Parent undertakings	265,736		192,093
Amounts owed to directors	0		105,334
Accruals and deferred income	222,750		54,795
Corporation tax	62,974		46,862
Other taxation and social security	389		1,699
Obligations under finance leases and hire purchase contracts (secured)	14,632		37,572
Other creditors	8,417		3,805
	574,898		453,160

Net obligations under finance lease and hire purchase contracts are secured by fixed charges over the assets to which they relate, included within plant and machinery and vehicles.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	39,158		30,661

Net obligations under finance lease and hire purchase contracts are secured by fixed charges over the assets to which they relate, included within plant and machinery and vehicles.