Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13281413 Mr Alastair Janse Van Rensburg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13281413 2024-03-31 13281413 2025-03-31 13281413 2024-04-01 2025-03-31 13281413 frs-core:CurrentFinancialInstruments 2025-03-31 13281413 frs-core:Non-currentFinancialInstruments 2025-03-31 13281413 frs-core:ComputerEquipment 2025-03-31 13281413 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13281413 frs-core:ComputerEquipment 2024-03-31 13281413 frs-core:FurnitureFittings 2025-03-31 13281413 frs-core:FurnitureFittings 2024-04-01 2025-03-31 13281413 frs-core:FurnitureFittings 2024-03-31 13281413 frs-core:ShareCapital 2025-03-31 13281413 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13281413 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13281413 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13281413 frs-bus:SmallEntities 2024-04-01 2025-03-31 13281413 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13281413 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13281413 frs-bus:Director1 2024-04-01 2025-03-31 13281413 frs-countries:EnglandWales 2024-04-01 2025-03-31 13281413 2023-03-31 13281413 2024-03-31 13281413 2023-04-01 2024-03-31 13281413 frs-core:CurrentFinancialInstruments 2024-03-31 13281413 frs-core:Non-currentFinancialInstruments 2024-03-31 13281413 frs-core:ShareCapital 2024-03-31 13281413 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13281413
It's Happening Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
It's Happening Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
It's Happening Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 13281413

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 18,868 |  | 3,300
|  |  | 18,868 |  | 3,300
CURRENT ASSETS
Debtors | 5 | 1,353,810 |  | 1,687,006 |
Cash at bank and in hand |  | 2,649,864 |  | 2,358,013 |
|  | 4,003,674 |  | 4,045,019 |
Creditors: Amounts Falling Due Within One Year | 6 | (1,150,994 ) |  | (2,270,426 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,852,680 |  | 1,774,593
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,871,548 |  | 1,777,893
NET ASSETS |  |  | 2,871,548 |  | 1,777,893
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | 2,871,448 |  | 1,777,793
SHAREHOLDERS' FUNDS |  |  | 2,871,548 |  | 1,777,893

Page 1
Page 2
It's Happening Ltd
Balance Sheet (continued)
As At 31 March 2025
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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

Mr Alastair Janse Van Rensburg Director
14 October 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
It's Happening Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
It's Happening Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13281413 . The registered office is C/O Affect Group Simpsons Fm, Pentlow, Sudbury, CO10 7JT.
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 recognised at the fair value of the consideration received or receivable for products 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.
Revenue from the sale of video game licences is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch or download) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.3. 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:

Fixtures & Fittings | 25% straight line
Computer Equipment | 33% straight line

2.4. Taxation
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 year 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.
The company has claimed a Creative Industries tax credit to reduce the amount of tax payable which may result in an overall amount repayable to the company.
A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
Page 3
Page 4
It's Happening Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | - | 5,074 | 5,074
Additions | 15,268 | 3,314 | 18,582
As at 31 March 2025 | 15,268 | 8,388 | 23,656
Depreciation
As at 1 April 2024 | - | 1,774 | 1,774
Provided during the period | 884 | 2,130 | 3,014
As at 31 March 2025 | 884 | 3,904 | 4,788
Net Book Value
As at 31 March 2025 | 14,384 | 4,484 | 18,868
As at 1 April 2024 | - | 3,300 | 3,300

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 304,559 |  | 622,387
Other debtors | 6,366 |  | 3,600
Corporation tax recoverable assets | 542,885 |  | 561,019
Amounts owed by associates | - |  | 500,000
| 853,810 |  | 1,687,006
Due after more than one year
Amounts owed by associates | 500,000 |  | -
| 1,353,810 |  | 1,687,006

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 10,993 |  | 2,337
VAT | 116,529 |  | 90,089
Net wages | 146 |  | -
Pension payable | 279 |  | 257
Accruals and deferred income | 1,016,129 |  | 2,170,825
Director's loan account | 6,918 |  | 6,918
| 1,150,994 |  | 2,270,426

Page 4
Page 5
It's Happening Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 5