| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| EASTOIR VENTURES LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| EASTOIR VENTURES LIMITED |
| EASTOIR VENTURES LIMITED (REGISTERED NUMBER: 10355854) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| EASTOIR VENTURES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 20 Harcourt Street |
| London |
| W1H 4HG |
| EASTOIR VENTURES LIMITED (REGISTERED NUMBER: 10355854) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| EASTOIR VENTURES LIMITED (REGISTERED NUMBER: 10355854) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Eastoir Ventures Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Taxation |
| Taxation for the year 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 year 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| EASTOIR VENTURES LIMITED (REGISTERED NUMBER: 10355854) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 4. | FIXED ASSET INVESTMENTS |
| During the period ended 30 September 2017 SEK 3.5m was invested in OnceUpon Publishing AB which is 28.1% of its share capital, and SEK 1.5m was invested in Cubetopia AB (formerly Rolling Blocks AB) which is 47% of its share capital. The fixed asset investments are included at cost and are translated at an exchange rate of SEK 10.767. |
| During the year ended 30 September 2018 SEK 500,000 was invested in Mindforce Game Lab AB, representing 20.4% of its share capital and is included in the balance sheet of the company at cost translated at an exchange rate of SEK 11.60. During the year ended 30 September 2021 6,694 share were disposed of for SEK 22,069,140 and realised a gain of SEK 20,833,846.The company's investment now represents 28.24% of it's issued share capital. During the year ended 30 September 2024 the company invested an additional SEK 4 million (£300,872). |
| During the year ended 30 September 2019 SEK 12,500 was invested in YouZee AB, representing 20.4% of its share capital. On 13 January 2023 the company's holding of 12,500 SEK was sold for SEK 1,250,000. There was a profit on sale of 1,237,500 SEK, which is recorded in the accounts. |
| During the year ended 30 September 2020, SEK 25,000 representing 5,000 ordinary shares or 50% of the ordinary share capital was invested in Skelleftea Business Lab AB and is included in the balance sheet of the company at cost translated at an exchange rate of SEK 10.77. During the year ended 30 September 2021 an additional capital contribution of SEK 500,000 was made. |
| During the year ended 30 September 2022 the company acquired an additional 965 shares in Cubetopia AB for SEK 250,000 and an additional 2,582 shares in Mindforce Game Lab AB for SEK 750,000. |
| All of the above associated undertakings are registered in Sweden. |
| During the year ended 30 September 2019 £20, representing 20,000 ordinary shares or 22.2% of the ordinary share capital was invested in Mini Monroe Limited, a company registered in England and Wales. This company was dissolved on 23 January 2024. |
| During the year ended 30 September 2022 the company subscribed for 1,201 A preference shares in Deepstream Technologies Ltd for £85,013 which represented 0.28% of its share capital. During the year ended 30 September 2024 the company subscribed £200,000 in a new convertible loan note. |
| Additional information is as follows for the year ended 31 December 2024 and 31 December 2023: |
| Capital and reserves Profit/(loss) |
| £ £ |
| Cubetopia AB (Rolling Blocks) 49,139 -1,861 |
| Once Upon Publishing AB 3,118,344 1,096,351 |
| Mindforce Game Lab AB 1,182,331 -1,143,043 |
| Mini Monroe Limited (dissolved) |
| Skelleftea Business Lab AB 495,621 42,112 |
| Deepstream Technologies Limited 334,487 -1,311,888 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| EASTOIR VENTURES LIMITED (REGISTERED NUMBER: 10355854) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 7. | CALLED UP SHARE CAPITAL |
| In October 2016 Eastoir Ventures completed its first capital raise. 89,000 SEK shares were issued. Raising SEK 4,383,750. In June 2017 the second capital raise was completed, 7,000 SEK shares issued raising SEK 1,190,000. The exchange rate used for translation was 10.767. Total amount of shares issued, 1,000 GBP ordinary shares at a nominal value of 0.01 and 96,000 SEK ordinary shares at a nominal value of 0.1. During the year the company issued 8,554 shares at SEK 835, each share has a nominal value of 0.1 per share. the exchange rate used for the conversion of this subscription was 13.53 to the pound sterling . The premium paid over the nominal value of the shares has been credited to the share premium account. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is J E Schiller. |