ACCOUNTS - Final Accounts preparation

Registered number: SC566606

ETHERPLAY ENTERTAINMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

ETHERPLAY ENTERTAINMENT LIMITED

COMPANY INFORMATION

Directors	Mr R Sandford
	Mrs R Rajput


Registered number	SC566606


Registered office	5 South Charlotte Street
	Edinburgh
	EH2 4AN


Accountants	EQ Accountants Limited
	Chartered Accountants
	14 City Quay
	Dundee
	DD1 3JA

ETHERPLAY ENTERTAINMENT LIMITED

REGISTERED NUMBER: SC566606

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
		£		£

Fixed assets
Tangible assets	4		1,381		1,417
Fixed asset investments			21,214		24,518
			22,595		25,935
Current assets
Cash at bank and in hand		113,561		162,724
		113,561		162,724
Creditors: amounts falling due within one year	6	(73,668)		(93,326)
Net current assets			39,893		69,398
Total assets less current liabilities			62,488		95,333

Net assets			62,488		95,333

Capital and reserves
Called up share capital	30	30
Profit and loss account	62,458	95,303
	62,488	95,333

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ETHERPLAY ENTERTAINMENT LIMITED

REGISTERED NUMBER: SC566606

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 December 2025.

Mr R Sandford

Director

The notes on pages 3 to 7 form part of these financial statements.

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ETHERPLAY ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Etherplay Entertainment Limited is a private company, limited by shares, incorporated in Scotland with registration number SC566606. The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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ETHERPLAY ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

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ETHERPLAY ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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ETHERPLAY ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 June 2024	2,404
	Additions	752
	At 31 May 2025	3,156
	Depreciation
	At 1 June 2024	987
	Charge for the year on owned assets	788
	At 31 May 2025	1,775
	Net book value
	At 31 May 2025	1,381

5.	Fixed asset investments

		Other fixed asset investments
		£
	Cost or valuation
	At 1 June 2024	24,518
	Additions	23,019
	Disposals	(31,073)
	Revaluations	4,750
	At 31 May 2025	21,214

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other taxation and social security	-	13,376
Other creditors	12,419	17,932
Accruals and deferred income	61,249	62,018
	73,668	93,326

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ETHERPLAY ENTERTAINMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

7.	Share capital
		2025	2024
		£	£

Authorised, allotted, called up and fully paid

300,000 (2024 - 300,000) Ordinary shares of £0.00010 each	30	30

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