Registered Number 14987697

RIIDE DAPP LTD

Micro-entity Accounts

31 July 2024

RIIDE DAPP LTD Registered Number 14987697

Micro-entity Balance Sheet as at 31 July 2024

Notes 2024
£
Called up share capital not paid
1
Fixed Assets
-
Current Assets
-
Prepayments and accrued income
-
Creditors: amounts falling due within one year
0
Net current assets (liabilities)
0
Total assets less current liabilities
1
Total net assets (liabilities)
1
Capital and reserves
1
  • For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit 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 accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 June 2025

And signed on their behalf by:
Douglas Jones, Director

RIIDE DAPP LTD Registered Number 14987697

Notes to the Micro-entity Accounts for the period ended 31 July 2024

1Employees
2024
Average number of employees during the period 1
2Off balance sheet arrangements
Riide Dapp Ltd is currently developing a digital asset, the $RIIDE token, which will support its electric mobility and Web3 platform.

As of the balance sheet date (31 July 2024), the token has not been minted or launched. Therefore, it does not appear in the financial statements.

The total planned supply is 1,000,000,000 tokens, with the following intended distribution:

8% Private Sale

24% Public Sale

10% Team

15% Staking Rewards

25% Treasury (locked)

6% Marketing

7% DEX Liquidity

5% CEX Listings

The Public Round is expected to raise $4,500,000, with a public token price of $0.03, representing a 233.33% premium over the private sale price. This implies a fully diluted market cap of $30,000,000.

Tokens allocated to private and public sale (32% total) may be sold to raise capital, while treasury, team, and reward allocations are planned to be locked or vested for long-term governance and sustainability.

These tokenomics are forward-looking and not included in the statutory financials. This note is provided to ensure transparency regarding the company’s future token issuance plans.