REGISTERED NUMBER: 12342610 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

LOST NATIVE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R A Matthew

K E Morris

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

12342610 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

1,449

1,985

CURRENT ASSETS

Debtors

5

87,806

72,458

Cash at bank

201

17,077

88,007

89,535

CREDITORS

Amounts falling due within one year

6

(78,238

)

(50,255

)

NET CURRENT ASSETS

9,769

39,280

TOTAL ASSETS LESS CURRENT LIABILITIES

11,218

41,265

PROVISIONS FOR LIABILITIES

7

-

(377

)

NET ASSETS

11,218

40,888

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

11,216

40,886

SHAREHOLDERS' FUNDS

11,218

40,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 11 December 2025 and were signed on its behalf by:

R A Matthew - Director

1.	STATUTORY INFORMATION

Lost Native Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from the sale of computer games is recognised at the point of sale.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

1,706

2,964

4,670

Additions

-

1,276

1,276

At 31 December 2024

1,706

4,240

5,946

DEPRECIATION

At 1 January 2024

876

1,809

2,685

Charge for year

426

1,386

1,812

At 31 December 2024

1,302

3,195

4,497

NET BOOK VALUE

At 31 December 2024

404

1,045

1,449

At 31 December 2023

830

1,155

1,985

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

87,806

72,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,690

16,480

Taxation and social security

-

31,278

Other creditors

70,548

2,497

78,238

50,255

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

-

377

Deferred tax

£

Balance at 1 January 2024

377

Accelerated capital allowances

(377

)

Balance at 31 December 2024

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

In December 2021, the company received funds from Global Top Round Inc in return for share options equating to 6% of the company's total shareholding. This option cannot be exercised until a future funding round has occurred or the company has entered liquidation.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

R A Matthew

Balance outstanding at start of year

160

-

Amounts advanced

-

160

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

160

160

K E Morris

Balance outstanding at start of year

52

-

Amounts advanced

-

52

Amounts repaid

(814

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(762

)

52

The above loan is interest free and repayable on demand.