IRIS Accounts Production v19.2.0.596 SC423700 Board of Directors 1.12.17 31.12.18 31.12.18 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure SC423700 2017-11-30 SC423700 2018-12-31 SC423700 2017-12-01 2018-12-31 SC423700 2016-12-31 SC423700 2017-01-01 2017-11-30 SC423700 2017-11-30 SC423700 ns15:Scotland 2017-12-01 2018-12-31 SC423700 ns14:PoundSterling 2017-12-01 2018-12-31 SC423700 ns10:Director1 2017-12-01 2018-12-31 SC423700 ns10:PrivateLimitedCompanyLtd 2017-12-01 2018-12-31 SC423700 ns10:SmallEntities 2017-12-01 2018-12-31 SC423700 ns10:AuditExempt-NoAccountantsReport 2017-12-01 2018-12-31 SC423700 ns10:SmallCompaniesRegimeForDirectorsReport 2017-12-01 2018-12-31 SC423700 ns10:SmallCompaniesRegimeForAccounts 2017-12-01 2018-12-31 SC423700 ns10:FullAccounts 2017-12-01 2018-12-31 SC423700 ns10:Director3 2017-12-01 2018-12-31 SC423700 ns10:Director4 2017-12-01 2018-12-31 SC423700 ns10:Director6 2017-12-01 2018-12-31 SC423700 ns10:Director8 2017-12-01 2018-12-31 SC423700 ns10:Director9 2017-12-01 2018-12-31 SC423700 ns10:RegisteredOffice 2017-12-01 2018-12-31 SC423700 ns5:CurrentFinancialInstruments 2018-12-31 SC423700 ns5:CurrentFinancialInstruments 2017-11-30 SC423700 ns5:ShareCapital 2018-12-31 SC423700 ns5:ShareCapital 2017-11-30 SC423700 ns5:RetainedEarningsAccumulatedLosses 2018-12-31 SC423700 ns5:RetainedEarningsAccumulatedLosses 2017-11-30 SC423700 ns5:LandBuildings 2017-11-30 SC423700 ns5:PlantMachinery 2017-11-30 SC423700 ns5:LandBuildings 2017-12-01 2018-12-31 SC423700 ns5:PlantMachinery 2017-12-01 2018-12-31 SC423700 ns5:LandBuildings 2018-12-31 SC423700 ns5:PlantMachinery 2018-12-31 SC423700 ns5:LandBuildings 2017-11-30 SC423700 ns5:PlantMachinery 2017-11-30 SC423700 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2018-12-31 SC423700 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2017-11-30


REGISTERED NUMBER: SC423700 (Scotland)











FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2017 TO 31 DECEMBER 2018

FOR

CLOUDGINE LIMITED

CLOUDGINE LIMITED (REGISTERED NUMBER: SC423700)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2017 TO 31 DECEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLOUDGINE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2017 TO 31 DECEMBER 2018







DIRECTORS: J Babcock
J Farnsworth
A Hohaus
M A Rein
T D Sweeney
J M Wilbur





REGISTERED OFFICE: Fifth Floor 1 Exchange Crescent
Conference Square
Edinburgh
EH3 8UL





REGISTERED NUMBER: SC423700 (Scotland)





ACCOUNTANTS: Nunn Hayward LLP
Chartered Accountants
2-4 Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 7QE

CLOUDGINE LIMITED (REGISTERED NUMBER: SC423700)

BALANCE SHEET
31 DECEMBER 2018

2018 2017
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 41,555

CURRENT ASSETS
Debtors 5 158,809 521,007
Cash at bank - 267,443
158,809 788,450
CREDITORS
Amounts falling due within one year 6 158,683 92,211
NET CURRENT ASSETS 126 696,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

126

737,794

PROVISIONS FOR LIABILITIES - 6,075
NET ASSETS 126 731,719

CAPITAL AND RESERVES
Called up share capital 126 126
Retained earnings - 731,593
126 731,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 July 2019 and were signed on its behalf by:





A Hohaus - Director


CLOUDGINE LIMITED (REGISTERED NUMBER: SC423700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2017 TO 31 DECEMBER 2018


1. STATUTORY INFORMATION

Cloudgine Limited is a private company, limited by shares , registered in Scotland. The company's registered
number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:


Leasehold improvements 2 years straight line
Fixtures, fittings & equipment 3 years straight line
Computer equipment 2 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2017 - 19 ).

CLOUDGINE LIMITED (REGISTERED NUMBER: SC423700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2017 TO 31 DECEMBER 2018


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 December 2017 36,637 160,636 197,273
Additions - 705 705
Transfer to ownership (5,525 ) (15,738 ) (21,263 )
At 31 December 2018 31,112 145,603 176,715
DEPRECIATION
At 1 December 2017 24,322 131,396 155,718
Charge for period 6,790 14,207 20,997
At 31 December 2018 31,112 145,603 176,715
NET BOOK VALUE
At 31 December 2018 - - -
At 30 November 2017 12,315 29,240 41,555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£ £
Trade debtors - 3
Amounts owed by group undertakings 158,809 -
Other debtors - 521,004
158,809 521,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£ £
Trade creditors - 13,197
Amounts owed to group undertakings 158,683 -
Taxation and social security - 32,065
Other creditors - 46,949
158,683 92,211

7. ULTIMATE CONTROLLING PARTY

The parent company is Epic Games UK Ltd and the registered office is 2-4 Packhorse Rd, Gerrards Cross SL9
7QE.