Acorah Software Products - Accounts Production 19.4.300 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 04439279 Mr Raymond Goldsmith Mr Mark Hughes Mr Alexander Goldsmith Mr Raymond Goldsmith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04439279 2024-12-31 04439279 2025-12-31 04439279 2025-01-01 2025-12-31 04439279 frs-core:CurrentFinancialInstruments 2025-12-31 04439279 frs-core:Non-currentFinancialInstruments 2025-12-31 04439279 frs-core:BetweenOneFiveYears 2025-12-31 04439279 frs-core:ComputerEquipment 2025-12-31 04439279 frs-core:ComputerEquipment 2025-01-01 2025-12-31 04439279 frs-core:ComputerEquipment 2024-12-31 04439279 frs-core:FurnitureFittings 2025-12-31 04439279 frs-core:FurnitureFittings 2025-01-01 2025-12-31 04439279 frs-core:FurnitureFittings 2024-12-31 04439279 frs-core:WithinOneYear 2025-12-31 04439279 frs-core:ShareCapital 2025-12-31 04439279 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 04439279 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04439279 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 04439279 frs-bus:SmallEntities 2025-01-01 2025-12-31 04439279 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04439279 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04439279 frs-core:CostValuation 2024-12-31 04439279 frs-core:AdditionsToInvestments 2025-12-31 04439279 frs-core:CostValuation 2025-12-31 04439279 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 04439279 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 04439279 frs-bus:Director1 2025-01-01 2025-12-31 04439279 frs-bus:Director2 2025-01-01 2025-12-31 04439279 frs-bus:Director3 2025-01-01 2025-12-31 04439279 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 04439279 frs-countries:EnglandWales 2025-01-01 2025-12-31 04439279 2023-12-31 04439279 2024-12-31 04439279 2024-01-01 2024-12-31 04439279 frs-core:CurrentFinancialInstruments 2024-12-31 04439279 frs-core:Non-currentFinancialInstruments 2024-12-31 04439279 frs-core:BetweenOneFiveYears 2024-12-31 04439279 frs-core:WithinOneYear 2024-12-31 04439279 frs-core:ShareCapital 2024-12-31 04439279 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 04439279
ISM Fantasy Games Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04439279
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,400 51,353
Investments 5 389,600 384,200
428,000 435,553
CURRENT ASSETS
Debtors 6 533,407 58,092
Cash at bank and in hand 836,577 922,446
1,369,984 980,538
Creditors: Amounts Falling Due Within One Year 7 (1,077,551 ) (998,874 )
NET CURRENT ASSETS (LIABILITIES) 292,433 (18,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES 720,433 417,217
Creditors: Amounts Falling Due After More Than One Year 8 - (13,241 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,167 ) (12,665 )
NET ASSETS 715,266 391,311
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 715,166 391,211
SHAREHOLDERS' FUNDS 715,266 391,311
Page 1
Page 2
For the year ending 31 December 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 Raymond Goldsmith
Director
1 September 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ISM Fantasy Games Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04439279 . The registered office is Suite 106 Viney Court, Viney Street, Taunton, Somerset, TA1 3FB.
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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated 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 25% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was 40 (2024: 20)
40 20
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 16,744 66,778 83,522
Additions - 4,560 4,560
As at 31 December 2025 16,744 71,338 88,082
Depreciation
As at 1 January 2025 16,744 15,425 32,169
Provided during the period - 17,513 17,513
As at 31 December 2025 16,744 32,938 49,682
Net Book Value
As at 31 December 2025 - 38,400 38,400
As at 1 January 2025 - 51,353 51,353
5. Investments
Other
£
Cost or Valuation
As at 1 January 2025 384,200
Additions 5,400
As at 31 December 2025 389,600
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 389,600
As at 1 January 2025 384,200
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 186,434 500
Prepayments and accrued income 93,016 57,592
Corporation tax recoverable assets 253,957 -
533,407 58,092
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 131,435 259,850
Bank loans and overdrafts 3,895 -
Corporation tax - 85,828
Other taxes and social security 38,690 29,965
VAT 84,228 111,529
Net wages 30 -
Other creditors 10,637 -
Accruals and deferred income 711,615 385,754
Directors' loan accounts 97,021 125,948
1,077,551 998,874
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 13,241
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 23,364 -
Later than one year and not later than five years 3,894 -
27,258 -
10. Related Party Transactions
During the year, the company maintained loan accounts with the directors. The loans are interest free and repayable on demand. At the balance sheet date the amount due by the company was £97,021 (2024: £125,948).
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