Company Registration No. 08983817 (England and Wales)
Reality Games (London) Limited
Unaudited accounts
for the year ended 31 March 2023
Reality Games (London) Limited
Unaudited accounts
Contents
Reality Games (London) Limited
Company Information
for the year ended 31 March 2023
Directors
Ceo Z Woznowski
Marketing United Ltd
Company Number
08983817 (England and Wales)
Registered Office
Office 212
15 Ingestre Place, Soho
London
London
W1F 0JH
UK
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Reality Games (London) Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
112,085
213,840
Creditors: amounts falling due within one year
(222,945)
(275,152)
Net current assets
364,493
217,246
Net assets
404,835
258,297
Called up share capital
115
115
Profit and loss account
404,720
258,182
Shareholders' funds
404,835
258,297
For the year ending 31 March 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by
Ceo Z Woznowski
Director
Company Registration No. 08983817
Reality Games (London) Limited
Notes to the Accounts
for the year ended 31 March 2023
Reality Games (London) Limited is a private company, limited by shares, registered in England and Wales, registration number 08983817. The registered office is Office 212, 15 Ingestre Place, Soho, London, London, W1F 0JH, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
50% Straight Line
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Reality Games (London) Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Reality Games (London) Limited
Notes to the Accounts
for the year ended 31 March 2023
Investments in shares are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
20,738
18,673
39,411
Disposals
(3,509)
(4,721)
(8,230)
At 31 March 2023
17,229
13,952
31,181
At 1 April 2022
20,007
18,673
38,680
Charge for the year
618
-
618
On disposals
(3,418)
(4,721)
(8,139)
At 31 March 2023
17,207
13,952
31,159
At 31 March 2022
731
-
731
5
Investments
Other investments
Valuation at 1 April 2022
40,320
Valuation at 31 March 2023
40,320
At the year end, the company held investments in the following entities:
1. Investment of £28,116 (2021: £25,469) in Reality Games Polska S.A.
2. Investment of £12,204 (2021: £12,204) in Royals SP Z.O.O.
Amounts falling due within one year
Trade debtors
286,487
210,766
Amounts due from group undertakings etc.
54,271
54,729
Deferred tax asset
97,619
-
Accrued income and prepayments
22,063
386
Reality Games (London) Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
60,861
99,563
Amounts owed to group undertakings and other participating interests
172,788
176,217
Loans from directors
(10,704)
(628)
Allotted, called up and fully paid:
11,550 Ordinary shares of £0.01 each
115.50
115.50
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' Loan Account
628
10,076
-
10,704
The directors' loans are interest-free and repayable on demand.
10
Transactions with related parties
At the year end, the following amounts were included in creditors:
£135,938 (2022: £nil) is payable to its subsidiary, Reality Games Polska.
£36,850 (2022: £458 due from) payable to Marketing United Ltd, shareholder.
Included in Debtors is a loan of £54,271 (2022: £54,271) due from Marketing United Ltd. The loan is interest free and repayable on demand.
Marketing United Ltd is the controlling party of Reality Games (London) Ltd with the registered address being 6 Leigham Drive, Isleworth, United Kingdom, TW7 5LU.
12
Average number of employees
During the year the average number of employees was 0 (2022: 0).