Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30242022-07-01falseOn-chain games for the web3 era19truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13481541 2022-07-01 2023-06-30 13481541 2021-06-28 2022-06-30 13481541 2023-06-30 13481541 2022-06-30 13481541 c:Director1 2022-07-01 2023-06-30 13481541 d:OfficeEquipment 2022-07-01 2023-06-30 13481541 d:OfficeEquipment 2023-06-30 13481541 d:OfficeEquipment 2022-06-30 13481541 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13481541 d:ComputerEquipment 2022-07-01 2023-06-30 13481541 d:ComputerEquipment 2023-06-30 13481541 d:ComputerEquipment 2022-06-30 13481541 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13481541 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 13481541 d:ComputerSoftware 2022-07-01 2023-06-30 13481541 d:ComputerSoftware 2023-06-30 13481541 d:ComputerSoftware 2022-06-30 13481541 d:CurrentFinancialInstruments 2023-06-30 13481541 d:CurrentFinancialInstruments 2022-06-30 13481541 d:Non-currentFinancialInstruments 2023-06-30 13481541 d:Non-currentFinancialInstruments 2022-06-30 13481541 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13481541 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13481541 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 13481541 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 13481541 d:ShareCapital 2023-06-30 13481541 d:ShareCapital 2022-06-30 13481541 d:SharePremium 2023-06-30 13481541 d:SharePremium 2022-06-30 13481541 d:RetainedEarningsAccumulatedLosses 2023-06-30 13481541 d:RetainedEarningsAccumulatedLosses 2022-06-30 13481541 c:OrdinaryShareClass1 2022-07-01 2023-06-30 13481541 c:OrdinaryShareClass1 2023-06-30 13481541 c:OrdinaryShareClass1 2022-06-30 13481541 c:OrdinaryShareClass2 2022-07-01 2023-06-30 13481541 c:OrdinaryShareClass2 2023-06-30 13481541 c:OrdinaryShareClass2 2022-06-30 13481541 c:FRS102 2022-07-01 2023-06-30 13481541 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13481541 c:FullAccounts 2022-07-01 2023-06-30 13481541 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13481541 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-07-01 2023-06-30 13481541 2 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13481541









PLAYMINT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
PLAYMINT LIMITED
REGISTERED NUMBER: 13481541

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
4,613
4,729

Tangible assets
 5 
40,780
84,130

  
45,393
88,859

Current assets
  

Debtors: amounts falling due within one year
 6 
458,865
136,737

Cash at bank and in hand
 7 
2,300,304
2,101,068

  
2,759,169
2,237,805

Creditors: amounts falling due within one year
 8 
(68,288)
(114,551)

Net current assets
  
 
 
2,690,881
 
 
2,123,254

Total assets less current liabilities
  
2,736,274
2,212,113

Creditors: amounts falling due after more than one year
  
(2,143,338)
-

  

Net assets
  
592,936
2,212,113


Capital and reserves
  

Called up share capital 
  
1,200
1,450

Share premium account
  
3,479,532
3,479,532

Profit and loss account
  
(2,887,796)
(1,268,869)

  
592,936
2,212,113


Page 1

 
PLAYMINT LIMITED
REGISTERED NUMBER: 13481541
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2024.




DM Amor
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Playmint Limited is a private company limited by shares, incorporated in England & Wales (registered
number: 13481541). The registered office is 36 Frederick Place, Third Floor, Brighton, England, BN1 4EA. The Company's principal activity is development of on-chain games.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets consisting of digital assets held for investment are determined to have an indefinite
 useful economic life. These are therefore not amortised but reviewed and tested for impairment on a
 regular basis.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 years straight line
Computer equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
19
24

Page 6

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Intangible assets




Digital Assets

£



Cost


At 1 July 2022
10,453


Additions
1,756


Disposals
(1,788)



At 30 June 2023

10,421



Amortisation


At 1 July 2022
5,724


On disposals
(688)


Impairment charge
772



At 30 June 2023

5,808



Net book value



At 30 June 2023
4,613



At 30 June 2022
4,729



Page 7

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
30,094
68,649
98,743


Additions
213
3,038
3,251


Disposals
(688)
(23,934)
(24,622)



At 30 June 2023

29,619
47,753
77,372



Depreciation


At 1 July 2022
5,706
8,907
14,613


Charge for the year on owned assets
9,826
20,117
29,943


Disposals
(181)
(7,783)
(7,964)



At 30 June 2023

15,351
21,241
36,592



Net book value



At 30 June 2023
14,268
26,512
40,780



At 30 June 2022
24,388
59,742
84,130


6.


Debtors

2023
2022
£
£


Other debtors
23,814
41,344

Prepayments
28,703
31,883

Tax recoverable
406,348
63,510

458,865
136,737


Page 8

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,300,304
2,101,068

2,300,304
2,101,068



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
17,597
30,671

Other creditors
39,711
77,980

Accruals
10,980
5,900

68,288
114,551



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Convertible loan notes
2,143,338
-

2,143,338
-



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



939,709 (2022 - 1,189,709) Ordinary Shares shares of £0.001 each
940
1,190
260,026 (2022 - 260,026) Seed Shares shares of £0.001 each
260
260

1,200

1,450

During the year 250,000 Ordinary £0.001 shares were cancelled. 


 
Page 9