General Information
Four Door Lemon Vision 1 Limited is a private company, limited by shares,registered in England and Wales,registration number 08379958,registration address Unit 17 Imperial Court, Exchange Street East, Liverpool, Merseyside, L2 3AB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The financial statements have been prepared on a going concern basis.
The company is currently supported by Vision Games 1 Limited, a Guernsey registered company. The company has net liabilities at its year end, however, if the amount owed to Vision Games 1 Limited were removed from the Statement of Financial Position, it would leave the company with significant net assets in excess of £947,987.
The director is satisfied that, at the time of approval of the financial statements, there is no significant concern that the company will be unable to continue operating.
On this basis the director considers it appropriate to prepare the financial statements on a going concern basis and there are no adjustments in the financial statements that would result from the withdrawal of support from Vision Games 1 Limited.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation for the year comprises current 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.
Current taxation assets and liabilities are not discounted.
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.
Intangible assets
Intangible assets (development costs) are amortised on an annual basis up to 100% of the revenue and tax refunds receivable.
|
| 2. |
Intangible fixed assets
| Cost |
Other |
|
Total |
| |
£ |
|
£ |
| At 01 May 2019 |
1,298,010 |
|
1,298,010 |
| Additions |
- |
|
- |
| Disposals |
(1,812) |
|
(1,812) |
| At 30 April 2020 |
1,296,198 |
|
1,296,198 |
| Amortisation |
| At 01 May 2019 |
337,478 |
|
337,478 |
| Charge for year |
21,957 |
|
21,957 |
| On disposals |
- |
|
- |
| At 30 April 2020 |
359,435 |
|
359,435 |
| Net book values |
| At 30 April 2020 |
936,763 |
|
936,763 |
| At 30 April 2019 |
960,532 |
|
960,532 |
|
| 3. |
Debtors: amounts falling due within one year
|
2020
£ |
|
2019
£ |
| Other Debtors |
2,642 |
|
2,654 |
| Corporation Tax |
0 |
|
16,276 |
|
2,642 |
|
18,930 |
|
| 4. |
Creditors: amount falling due within one year
|
2020
£ |
|
2019
£ |
| Accrued Expenses |
6,015 |
|
1,810 |
| Other Creditors |
959,106 |
|
979,841 |
|
965,121 |
|
981,651 |
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2020
£ |
|
2019
£ |
|
1
Ordinary share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
| 6. |
Average number of employees
Average number of employees during the year was 1 (2019 : 1).
|
| 7. |
Securities
The intellectual property rights in connection with all materials relating to the computer game "101 Ways To Die" are secured by a fixed and floating charge in favour of Vision Games 1 Limited.
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2
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