The Game Corporation Limited
The Game Corporation Limited
Registered number: 8642035
Abbreviated accounts
For the Period 7 August 2013 to 31 December 2014
Certius Professional Services Limited
Business and Chartered Tax Advisers
30 Gild House
70-74 Norwich Avenue West
Bournemouth
Dorset
BH2 6AW
The Game Corporation Limited
Accountants' Report
For the Period 7 August 2013 to 31 December 2014
Accountants' Report
In accordance with the engagement letter dated 31 January 2015, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report.
As a member firm of the Chartered Institute of Taxation, we are subject to its ethical and other professionalrequirements which are detailed at www.tax.org.uk
You have acknowledged on the balance sheet as at year ended 31 December 2014 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements
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Certius Professional Services Limited
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28th April 2015
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Certius Professional Services Limited
Business and Chartered Tax Advisers
30 Gild House
70-74 Norwich Avenue West
Bournemouth
Dorset
BH2 6AW
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The Game Corporation Limited
Company No. 8642035
Abbreviated Balance Sheet
31 December 2014
Abbreviated Balance Sheet
| Period to 31 December 2014 | |||
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| Notes | £ | £ | |
| FIXED ASSETS | |||
| Investments | 2 |
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| 1,178 | |||
| CURRENT ASSETS | |||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling After More Than One Year | 4 |
( |
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| NET ASSETS |
( |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 5 |
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| Share premium account |
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| Profit and Loss account |
( |
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| SHAREHOLDERS' FUNDS |
( |
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The Game Corporation Limited
Company No. 8642035
Abbreviated Balance Sheet (continued)
31 December 2014
Directors' responsibilities:
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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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
On behalf of the board
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The Game Corporation Limited
Notes to the Abbreviated Accounts
For the Period 7 August 2013 to 31 December 2014
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Statement of Cash Flow
The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
Research and Development
Expenditure on research and development is written off in the year it is incurred, except where the directors are satisfied that development expenditure incurred on an individual project is carried forward as permitted by SSAP13 when its future recoverability can be regarded as assured. The expenditure carried forward is treated as an intangible fixed asset and amortised over its estimated economic life of (Enter) Years so as to match the expenditure with the anticipated sales from the related project. Provision is made for any impairment.
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.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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The Game Corporation Limited
Notes to the Abbreviated Accounts (continued)
For the Period 7 August 2013 to 31 December 2014
Investments
| Unlisted | |
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| £ | |
| Cost | |
| As at |
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| Additions |
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| Revaluations |
( |
| As at |
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| Provision | |
| As at |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Investments consist of a 100% shareholding in SIA The Game Corporation Latvia. The shares were acquired for 1,500 Euros. This company is currently dormant. Revaluation of the investment reflects foreign exchange movement from the date of acquisition to the balance sheet date.
Debtors
Debtors include an amount of £
35,923
falling due after more than one year.
Creditors: Amounts Falling After More Than One Year
| Period to 31 December 2014 | |
|---|---|
| £ | |
| Other creditors |
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