Red Chain Games Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06767231

Red Chain Games Limited

Filleted Unaudited Financial Statements

30 June 2025

Red Chain Games Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	13,821	–
Tangible assets	6	9,015	8,230
		-------	------
		22,836	8,230

Current assets

Debtors	7	–	6,390
Cash at bank and in hand		38,234	1
		-------	------
		38,234	6,391

Prepayments and accrued income	526		–

Creditors: amounts falling due within one year	8	71,022		14,339
		-------		-------
Net current liabilities			32,262	7,948
			-------	------
Total assets less current liabilities			( 9,426)	282
			------	----

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		( 9,526)	182
		------	----
Shareholders (deficit)/funds		( 9,426)	282
		------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

R.M. Smith
Director

Company registration number: 06767231

Red Chain Games Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered and trading in England and Wales with company number 06767231 . The address of the registered office is 48 Merganser Drive, Bicester, Oxfordshire, England, OX26 6UG.

2. Statement of compliance

The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS102') and Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.

Going concern

The continuation of the company's affairs is dependant upon the support of the director. These accounts have been prepared on a going concern basis which assumes their support for the foreseeable future.

Judgements and key sources of estimation uncertainty

In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Intellectual property	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	15% reducing balance

Financial instruments

The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 2 ).

5. Intangible assets

	Intellectual property	Development costs	Total
	£	£	£
Cost
At 1 July 2024	53,500	–	53,500
Additions	–	13,821	13,821
	-------	-------	-------
At 30 June 2025	53,500	13,821	67,321
	-------	-------	-------
Amortisation
At 1 July 2024 and 30 June 2025	53,500	–	53,500
	-------	-------	-------
Carrying amount
At 30 June 2025	–	13,821	13,821
	-------	-------	-------
At 30 June 2024	–	–	–
	-------	-------	-------

6. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 July 2024	14,628	14,628
Additions	2,275	2,275
	-------	-------
At 30 June 2025	16,903	16,903
	-------	-------
Depreciation
At 1 July 2024	6,398	6,398
Charge for the year	1,490	1,490
	-------	-------
At 30 June 2025	7,888	7,888
	-------	-------
Carrying amount
At 30 June 2025	9,015	9,015
	-------	-------
At 30 June 2024	8,230	8,230
	-------	-------

7. Debtors

	2025	2024
	£	£
Other debtors	–	6,390
	----	------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	18	44
Other creditors	71,004	14,295
	-------	-------
	71,022	14,339
	-------	-------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Director's advances, credits and guarantees

At the reporting date the directors loan account was in credit by £69,504 (2024: £12,877). There is no fixed term for repayment and no interest is charged.

11. Related party transactions

The company was under the control of D. Baker and R. M. Smith during the current and previous period.