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Game Theory Research Limited

Annual Report and Unaudited Financial Statements

for the Period from 23 January 2017 to 31 December 2017

Charter Tax Consulting Ltd
11 St. James's Place
London
SW1A 1NP

Game Theory Research Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Game Theory Research Limited

Company Information

Directors

Mr Joseph Webb Mr Jiten Lachman Melwani

Company secretary

Keystone Law Limited

Registered office

48 Chancery Lane London WC2A 1JF

Accountants

Charter Tax Consulting Ltd 11 St. James's Place London SW1A 1NP

Page 1

Game Theory Research Limited

(Registration number: 10577642)
Balance Sheet as at 31 December 2017

	Note	2017 £
Fixed assets
Tangible assets	4	17,323
Current assets
Debtors	5	339,831
Cash at bank and in hand		113,097
		452,928
Creditors: Amounts falling due within one year	6	(547,618)
Net current liabilities		(94,690)
Net liabilities		(77,367)
Capital and reserves
Called up share capital	7	1
Profit and loss account		(77,368)
Total equity		(77,367)

For the financial period ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 October 2018 and signed on its behalf by:
 

.........................................

Mr Joseph Webb
Director

The notes on pages 3 to 6 form an integral part of these financial statements.

Page 2

Game Theory Research Limited

Notes to the Financial Statements for the Period from 23 January 2017 to 31 December 2017

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
48 Chancery Lane
London
WC2A 1JF
United Kingdom

These financial statements were authorised for issue by the Board on 30 October 2018.

2	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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Disclosure of long or short period

The accounts are prepared for a period that is less than 12 months, due the accounts being prepared for the Company's first period.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Page 3

Game Theory Research Limited

Notes to the Financial Statements for the Period from 23 January 2017 to 31 December 2017

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	3 years straight-line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5.

Page 4

Game Theory Research Limited

Notes to the Financial Statements for the Period from 23 January 2017 to 31 December 2017

4	Tangible assets

	Computer Equipment £	Total £
Cost or valuation
Additions	19,246	19,246
At 31 December 2017	19,246	19,246
Depreciation
Charge for the period	1,923	1,923
At 31 December 2017	1,923	1,923
Carrying amount
At 31 December 2017	17,323	17,323

5

Debtors

	2017 £
Prepayments	996
Other debtors	338,835
	339,831

6

Creditors

Creditors: amounts falling due within one year

	2017 £
Due within one year
Trade creditors	17,129
Accruals and deferred income	46,098
Other creditors	484,391
	547,618

Page 5

Game Theory Research Limited

Notes to the Financial Statements for the Period from 23 January 2017 to 31 December 2017