Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30192023-07-01falseOn-chain games for the web3 era13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13481541 2023-07-01 2024-06-30 13481541 2022-07-01 2023-06-30 13481541 2024-06-30 13481541 2023-06-30 13481541 c:Director1 2023-07-01 2024-06-30 13481541 d:OfficeEquipment 2023-07-01 2024-06-30 13481541 d:OfficeEquipment 2024-06-30 13481541 d:OfficeEquipment 2023-06-30 13481541 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 13481541 d:ComputerEquipment 2023-07-01 2024-06-30 13481541 d:ComputerEquipment 2024-06-30 13481541 d:ComputerEquipment 2023-06-30 13481541 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 13481541 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 13481541 d:ComputerSoftware 2023-07-01 2024-06-30 13481541 d:ComputerSoftware 2024-06-30 13481541 d:ComputerSoftware 2023-06-30 13481541 d:CurrentFinancialInstruments 2024-06-30 13481541 d:CurrentFinancialInstruments 2023-06-30 13481541 d:Non-currentFinancialInstruments 2024-06-30 13481541 d:Non-currentFinancialInstruments 2023-06-30 13481541 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13481541 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13481541 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 13481541 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 13481541 d:ShareCapital 2024-06-30 13481541 d:ShareCapital 2023-06-30 13481541 d:SharePremium 2024-06-30 13481541 d:SharePremium 2023-06-30 13481541 d:RetainedEarningsAccumulatedLosses 2024-06-30 13481541 d:RetainedEarningsAccumulatedLosses 2023-06-30 13481541 c:OrdinaryShareClass1 2023-07-01 2024-06-30 13481541 c:OrdinaryShareClass1 2024-06-30 13481541 c:OrdinaryShareClass1 2023-06-30 13481541 c:OrdinaryShareClass2 2023-07-01 2024-06-30 13481541 c:OrdinaryShareClass2 2024-06-30 13481541 c:OrdinaryShareClass2 2023-06-30 13481541 c:FRS102 2023-07-01 2024-06-30 13481541 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13481541 c:FullAccounts 2023-07-01 2024-06-30 13481541 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13481541 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-07-01 2024-06-30 13481541 2 2023-07-01 2024-06-30 13481541 e:PoundSterling 2023-07-01 2024-06-30 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 2024

 
PLAYMINT LIMITED
REGISTERED NUMBER: 13481541

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
5,661
4,613

Tangible assets
 5 
18,008
40,780

  
23,669
45,393

Current assets
  

Debtors: amounts falling due within one year
 6 
234,071
458,865

Cash at bank and in hand
 7 
2,454,221
2,300,304

  
2,688,292
2,759,169

Creditors: amounts falling due within one year
 8 
(76,092)
(68,288)

Net current assets
  
 
 
2,612,200
 
 
2,690,881

Total assets less current liabilities
  
2,635,869
2,736,274

Creditors: amounts falling due after more than one year
 9 
(3,228,290)
(2,143,338)

  

Net (liabilities)/assets
  
(592,421)
592,936


Capital and reserves
  

Called up share capital 
  
1,200
1,200

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

Profit and loss account
  
(4,073,153)
(2,887,796)

  
(592,421)
592,936


Page 1

 
PLAYMINT LIMITED
REGISTERED NUMBER: 13481541
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

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 14 January 2025.




D M Amor
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

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 the 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 2024

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.

 
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.

 
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.


Page 4

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
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 considered to have an indefinite useful life. These assets 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.

 
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.

Page 5

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

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


        2024
        2023
            No.
            No.







Employees
13
19


4.


Intangible assets




Digital Assets

£



Cost


At 1 July 2023
10,421


Additions
1,324


Disposals
(489)



At 30 June 2024

11,256



Amortisation


At 1 July 2023
5,808


On disposals
(219)


Impairment charge
6



At 30 June 2024

5,595



Net book value



At 30 June 2024
5,661



At 30 June 2023
4,613



Page 6

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
29,619
47,753
77,372


Additions
1,022
4,206
5,228


Disposals
(814)
(1,978)
(2,792)



At 30 June 2024

29,827
49,981
79,808



Depreciation


At 1 July 2023
15,351
21,241
36,592


Charge for the year on owned assets
10,101
16,586
26,687


Disposals
(178)
(1,301)
(1,479)



At 30 June 2024

25,274
36,526
61,800



Net book value



At 30 June 2024
4,553
13,455
18,008



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


6.


Debtors

2024
2023
£
£


Other debtors
23,877
23,814

Prepayments and accrued income
35,702
28,703

Tax recoverable
174,492
406,348

234,071
458,865


Page 7

 
PLAYMINT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,454,221
2,300,304

2,454,221
2,300,304



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
21,867
17,597

Other creditors
42,515
39,711

Accruals and deferred income
11,710
10,980

76,092
68,288



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Convertible loan notes
2,337,608
2,143,338

SAFE
890,682
-

3,228,290
2,143,338



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



939,709 (2023 - 939,709) Ordinary shares of £0.001 each
940
940
260,026 (2023 - 260,026) Series Seed Preferred shares of £0.001 each
260
260

1,200

1,200


Page 8