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Unaudited Financial Statements |
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for the Period 25 October 2017 to 31 December 2018 |
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for |
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Super Rare Games Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 25 October 2017 to 31 December 2018 |
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for |
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Super Rare Games Limited |
Super Rare Games Limited (Registered number: 11030651) |
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Contents of the Financial Statements |
for the Period 25 October 2017 to 31 December 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Super Rare Games Limited |
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Company Information |
for the Period 25 October 2017 to 31 December 2018 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
87a High Street |
The Old Town |
Hemel Hempstead |
Hertfordshire |
HP1 3AH |
Super Rare Games Limited (Registered number: 11030651) |
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Balance Sheet |
31 December 2018 |
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Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital | 7 |
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Retained earnings |
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Shareholders' funds |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Super Rare Games Limited (Registered number: 11030651) |
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Balance Sheet - continued |
31 December 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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Super Rare Games Limited (Registered number: 11030651) |
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Notes to the Financial Statements |
for the Period 25 October 2017 to 31 December 2018 |
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1. | Statutory information |
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Super Rare Games Limited is a
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and Wales. The company's registered number and registered office address can be found |
on the Company Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Revenue from the sale of goods is recognised when the significant risks and rewards of |
ownership of the goods have passed to the buyer (usually on dispatch of the goods); 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. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and |
sell. Cost comprises direct materials and, where applicable, direct labour costs and those |
overheads that have been incurred in bringing the stocks to their present location and |
condition. |
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Stocks held for distribution at no or nominal consideration are measured at the lower of |
replacement cost and cost. |
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At each reporting date, an assessment is made for impairment. Any excess of the carrying |
amount of stocks over its estimated selling price less costs to complete and sell is |
recognised as an impairment loss in profit or loss. Reversals of impairment losses are also |
recognised in profit or loss. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the balance sheet date. |
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Super Rare Games Limited (Registered number: 11030651) |
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Notes to the Financial Statements - continued |
for the Period 25 October 2017 to 31 December 2018 |
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2. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in |
periods different from those in which they are recognised in financial statements. Deferred |
tax is measured using tax rates and laws that have been enacted or substantively enacted |
by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it |
is probable that they will be recovered against the reversal of deferred tax liabilities or other |
future taxable profits. |
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Foreign currencies |
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 of exchange ruling at the date of transaction. Exchange differences |
are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
the period of the lease. |
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3. | Employees and directors |
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The average number of employees during the period was
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4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
Additions |
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At 31 December 2018 |
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Depreciation |
Charge for period |
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At 31 December 2018 |
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Net book value |
At 31 December 2018 |
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5. | Debtors: amounts falling due within one year |
£ |
Other debtors |
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Super Rare Games Limited (Registered number: 11030651) |
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Notes to the Financial Statements - continued |
for the Period 25 October 2017 to 31 December 2018 |
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6. | Creditors: amounts falling due within one year |
£ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 190 |
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B Ordinary | £1 | 10 |
200 |
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On 25 October 2017, 100 Ordinary shares of £1 each were issued for cash at par. |
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On 31 August 2018, 90 Ordinary shares of £1 each and 10 B Ordinary shares of £1 each |
were issued for cash at par. |