Foam Sword Ltd

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

Registered number: 09288345

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	16,040		19,383
Cash at bank and in hand		118,735		101,027

		134,775		120,410
Creditors: Amounts Falling Due Within One Year	6	(3,349 )		(2,725 )

NET CURRENT ASSETS (LIABILITIES)			131,426		117,685

TOTAL ASSETS LESS CURRENT LIABILITIES			131,426		117,685

NET ASSETS			131,426		117,685

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			131,424		117,683

SHAREHOLDERS' FUNDS			131,426		117,685

Page 1

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Foam Sword Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Anthony Yu

Director

19 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Foam Sword Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09288345 . The registered office is 104 Manhattan Building , Bow Quarter, 60 Fairfield Road, London, E3 2UG.

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	50% straight line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. 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.

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Foam Sword Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2

	2	2

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 November 2024	1,682	7,802	9,484

As at 31 October 2025	1,682	7,802	9,484

Depreciation
As at 1 November 2024	1,682	7,802	9,484

As at 31 October 2025	1,682	7,802	9,484

Net Book Value
As at 31 October 2025	-	-	-

As at 1 November 2024	-	-	-

5. Debtors

	2025	2024
	£	£
Due within one year
Corporation tax recoverable assets	12,349	19,371
VAT	14	12
Other taxes and social security	3,677	-

	16,040	19,383

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	1
Accruals and deferred income	2,100	2,100
Directors' loan accounts	1,248	624

	3,349	2,725

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Foam Sword Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2