Registration number: 07566404

Ideas Projects Limited

(Registration number: 07566404)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	210,719	234,694
Current assets
Debtors	5	11,262	12,435
Cash at bank and in hand		81,009	99
		92,271	12,534
Creditors: Amounts falling due within one year	6	(498,723)	(621,659)
Net current liabilities		(406,452)	(609,125)
Net liabilities		(195,733)	(374,431)
Capital and reserves
Called up share capital	7	113	100
Share premium reserve		354,389	24,402
Retained earnings		(550,235)	(398,933)
Shareholders' deficit		(195,733)	(374,431)

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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 December 2025
 

Mr N E Townend Director

Ideas Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Catalyst
Baird Lane
York
YO10 5GA

Registration number: 07566404

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Intangible assets - Online gaming platform
Costs relating to the creation and development of the online gaming platform have been recognised as an intangible asset. The asset is accounted for using the cost model and is therefore presented at cost less accumulated amortisation costs and less any impairment losses. The digital asset is being amortised over its useful life as noted below.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Online Gaming Platform	Over 10 Years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Ideas Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 0 (2024 - 0).

Ideas Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Gaming platform development costs  £	Total £
Cost or valuation
At 1 April 2024	239,750	239,750
At 31 March 2025	239,750	239,750
Amortisation
At 1 April 2024	5,056	5,056
Amortisation charge	23,975	23,975
At 31 March 2025	29,031	29,031
Carrying amount
At 31 March 2025	210,719	210,719
At 31 March 2024	234,694	234,694

5

Debtors

	2025 £	2024 £
Prepayments	11,262	12,435
	11,262	12,435

6

Creditors

	2025 £	2024 £
Due within one year
Bank Overdraft	-	14,946
Amounts due to related parties	16,561	14,561
Other payables	482,162	592,152
	498,723	621,659