Registration number:
Riverside Games Limited
for the Period from 1 June 2025 to 31 December 2025
Registration number:
Riverside Games Limited
for the Period from 1 June 2025 to 31 December 2025
Riverside Games Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Riverside Games Limited
Company Information
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Directors |
Mr Edward James Daly |
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Registered office |
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Auditors |
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Riverside Games Limited
(Registration number: 11649742)
Balance Sheet as at 31 December 2025
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Note |
31 December 2025 |
31 May
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and Reserves |
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Called up share capital |
1 |
1 |
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Retained Earnings |
834,184 |
318,434 |
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Shareholders' funds |
834,185 |
318,435 |
Approved and authorised by the
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Riverside Games Limited
Notes to the Financial Statements for the Period from 1 June 2025 to 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
The company has transitioned from FRS 101 Reduced Disclosure Framework to FRS 102 Section 1A with effect from 1 December 2024. The directors have concluded that there is no material impact on the amounts recognised in the financial statements, as the underlying accounting policies and measurement bases applied are consistent between the two frameworks. Accordingly, no restatement of comparative or current period figures has been required.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Reporting Period
Going concern
The financial statements have been prepared on a going concern basis. At the balance sheet date the company had net current assets of £834,185 (May 2025: £318,435). The company continues to be supported by its parent who will ensure that there is sufficient liquidity available to meet its obligations as they fall due for payment.
Riverside Games Limited
Notes to the Financial Statements for the Period from 1 June 2025 to 31 December 2025
Audit report
The name of the Senior Statutory Auditor who signed the audit report on
Judgements
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
Revenue recognition
Revenue arises from the provision of video game development services. To determine whether to recognise revenue, the company follows a 5-step process as follows:
1. Identifying the contract with a customer
2. Identifying the performance obligations
3. Determining the transaction price
4. Allocating the transaction price to the performance obligations
5. Recognising revenue when/as performance obligation(s) are satisfied
Revenue is measured at transaction price, stated net of VAT and other sales related taxes. Revenue is generally recognised over time as the company satisfies performance obligations by transferring the promised services to its customers. The transaction price is set out in the contract and is generally the development fee or guaranteed royalty to be received. It is recognised as the development activity takes place over time.
Government grants
Government grants are recognised when there is reasonable assurance that the grant conditions will be met and the grants will be received.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 taxable income.
Riverside Games Limited
Notes to the Financial Statements for the Period from 1 June 2025 to 31 December 2025
Trade Debtors
Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade Creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Riverside Games Limited
Notes to the Financial Statements for the Period from 1 June 2025 to 31 December 2025
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Auditors' remuneration |
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31 December 2025 |
31 May 2025
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Audit of the financial statements |
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Other fees to auditors |
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All other non-audit services |
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Debtors |
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Note |
31 December 2025 |
31 May
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Amounts owed by group undertakings |
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Corporation tax receivable |
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Riverside Games Limited
Notes to the Financial Statements for the Period from 1 June 2025 to 31 December 2025
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Creditors |
Creditors: amounts falling due within one year
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31 December 2025 |
31 May
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Due within one year |
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Trade Creditors |
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Accruals and deferred income |
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Other creditors |
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- |
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Share capital |
Allotted, called up and fully paid shares
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31 December 2025 |
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1 |
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1 |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of guarantees not included in the balance sheet is £834,185 (2025 - £318,434). The company has provided a cross guarantees in support of parent company borrowings which includes fixed and floating charges over the assets of the company.
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Related party transactions |
The company has taken advantage of the exemption available under FRS 102 Section 1A, from disclosing related party transactions entered into between two or more members of a group, where any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group. Accordingly, no disclosure has been made of intra-group transactions.
Riverside Games Limited
Notes to the Financial Statements for the Period from 1 June 2025 to 31 December 2025
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is