Animoca Brands UK Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 14440564

		31 December 2024		31 October 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,947		-
Investments	5		51,392		2,944,838

			56,339		2,944,838
CURRENT ASSETS
Debtors	6	596,166		652,895
Cash at bank and in hand		15,176		20,466

		611,342		673,361
Creditors: Amounts Falling Due Within One Year	7	(550,362 )		(3,594,277 )

NET CURRENT ASSETS (LIABILITIES)			60,980		(2,920,916 )

TOTAL ASSETS LESS CURRENT LIABILITIES			117,319		23,922

PROVISIONS FOR LIABILITIES
Provisions For Charges			(50,366 )		-

NET ASSETS			66,953		23,922

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			66,952		23,921

SHAREHOLDERS' FUNDS			66,953		23,922

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Animoca Brands UK Limited

Balance Sheet (continued)

As At 31 December 2024

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Robert Yung

Director

29th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Animoca Brands UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14440564 . The registered office is Units C5 & C6 1F, Central Glass Building 180 Studios,180 the Strand, London, WC2R 3DA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33%

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 11 (2023: 11)

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Animoca Brands UK Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2023 to 31 December 2024

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 November 2023	-
Additions	6,627

As at 31 December 2024	6,627

Depreciation
As at 1 November 2023	-
Provided during the period	1,680

As at 31 December 2024	1,680

Net Book Value
As at 31 December 2024	4,947

As at 1 November 2023	-

5. Investments

	Subsidiaries
	£
Cost
As at 1 November 2023	2,944,838

As at 31 December 2024	2,944,838

Provision
As at 1 November 2023	-
Impairment losses	2,893,446

As at 31 December 2024	2,893,446

Net Book Value
As at 31 December 2024	51,392

As at 1 November 2023	2,944,838

Investments in subsidiaries are measured at cost less accumulated impairment.

During the financial year, the Company held one investment in a subsidiary, representing 100% ownership of Weplay Media.

The Company has entered into discussions to dispose of 75% of its shares in Weplay Media. The subsidiary’s underperformance, together with the disposal prices being considered, were identified as indicators of impairment. Accordingly, the investment was written down to its recoverable amount.

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Animoca Brands UK Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2023 to 31 December 2024

6. Debtors

	31 December 2024	31 October 2023
	£	£
Due within one year
Trade debtors	8,960	61,057
Other debtors	587,206	591,838

	596,166	652,895

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 October 2023
	£	£
Trade creditors	313,001	21,312
Amounts owed to participating interests	-	3,567,356
Other creditors	222,322	-
Taxation and social security	15,039	5,609

	550,362	3,594,277

8. Share Capital

	31 December 2024	31 October 2023
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

Bacasable UK Ltd

During the year, the Company invoiced £11,200 (2023: £65,830) net of VAT to Bacasable UK Ltd for monthly rental charges.

At the year end £5,760 (2023: £61,057) was still outstanding and owed to the Company.

Animoca Brands Ltd (the Company's parent company) also controls Bacasable UK Ltd.

BDVL OU

During the year, the Company invoiced £3,200 (2023: £8,453) net of VAT to BDVL OU for monthly rental charges.

At the year end £3,200 (2023: £nil) was still outstanding and owed to the Company.

Animoca Brands Ltd (the Company's parent company) also controls BDVL OU.

Animoca Brands Limited

...CONTINUED

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Animoca Brands UK Limited

Notes to the Financial Statements (continued)

For the Period 1 November 2023 to 31 December 2024

9. Related Party Transactions - continued

The Company is owed £580,280 (2023: -£3,567,356) to Animoca Brands Ltd through an inter-company loan. No interest is charged on the loan.

Animoca Brands UK Limited owns 100% of the issues shared in the Company.

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