Gunzilla UK Ltd - Period Ending 2024-07-31

Gunzilla UK Ltd

Director's Report for the Year Ended 31 July 2024

The director presents the annual report on the affairs of Gunzilla UK Ltd, together with the financial statements for the year ended 31 July 2024.

Principal activity

The principal activity of the company is the development of computer games for its parent undertaking.

Director of the company

The director who held office during the year and up to the date of approval of this report was as follows:

V Bilotska (ceased 1 July 2025)

The following director was appointed after the year end:

C F Trimborn (appointed 10 September 2024)

Going concern

The directors have prepared these financial statements on a going concern basis, which assumes that the company will continue in operational existence for at least twelve months from the date of approval. This assumption is based on the expectation that the parent undertaking, Poseidon 133 PTE. Ltd, will provide the company with sufficient resources to enable it to meet its financial obligations as they fall due.

However, Poseidon 133 PTE. Ltd’s current levels of cash and cash equivalents indicate that its ability to continue as a going concern is dependent on securing additional capital. Management of Gunzilla UK Ltd believes that the current cash position is insufficient to support ongoing investment in growth initiatives while also meeting financial obligations as they fall due. These conditions raise substantial doubt about Gunzilla UK Ltd’s ability to continue as a going concern for a period of at least one year from the date of issuance of its audited financial statements for the year ended 31 July 2024.

Events after the financial period

There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.

Disclosure of information to the auditors

The director has taken steps that he ought to have taken as a director in order to make herself himself aware of any relevant audit information (as defined by section 418 of the Companies Act 2006) and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.

Appointment of auditors

During the year, the director appointed Shaw Gibbs (Audit) Limited to act as the company's auditor. Shaw Gibbs (Audit) Limited are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Gunzilla UK Ltd

Director's Report for the Year Ended 31 July 2024 (continued)

Small companies provision statement

The director has taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the director's report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.

Approved and authorised by the director on 15 October 2025

.........................................
C F Trimborn
Director

Gunzilla UK Ltd

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Gunzilla UK Ltd

Independent Auditor's Report to the Member of
Gunzilla UK Ltd

Opinion

We have audited the financial statements of Gunzilla UK Ltd (the 'company') for the year ended 31 July 2024, which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the company's affairs as at 31 July 2024 and of its profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material uncertainty related to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. This is on the basis that the parent undertaking, Poseidon 133 PTE. Ltd, registered in Singapore, will provide the company with sufficient resources to enable the company to meet its financial obligations as they fall due.

However, we draw attention to Note 2 to the financial statements which refers to the substantial doubt regarding Poseidon 133 PTE. Ltd’s ability to continue as a going concern. This indicates that a material uncertainty exists that may cast significant doubt over the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.
Our responsibilities and the responsibilities of the directors with respect to going concern are detailed in the relevant sections of this report.

Other matter
In the previous accounting period, the directors took advantage of the audit exemption under section s477 of the Companies Act. Therefore, the prior period financial statements were not subject to audit.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Gunzilla UK Ltd

Independent Auditor's Report to the Member of
Gunzilla UK Ltd (continued)

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Director's Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of director's remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit; or
•	the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of the director

As explained more fully in the Statement of Director's Responsibilities [set out on page 4], the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Gunzilla UK Ltd

Independent Auditor's Report to the Member of
Gunzilla UK Ltd (continued)

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud

	Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
•	the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements;
•	we obtained an understanding of the legal and regulatory frameworks that the company operates in, and identified the laws and regulations applicable to the company through discussions with directors and other management, and from our cumulative audit and commercial knowledge and experience of the company and the industry;
•	we focused on specific laws and regulations which we considered may have a direct material effect on the determination of material amounts and disclosures in the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, anti-bribery, employment law and health and safety legislation. We also considered and identified laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty, including the Bribery Act and the Data Protection Act 2018;
•	we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal and regulatory correspondence; and
•	identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
	We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
•	making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
•	considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
	We are also required to perform specific procedures to respond to the risk of management bias and override of controls. To address this, we performed analytical procedures to identify any unusual or unexpected relationships and tested journal entries to identify unusual transactions.

Gunzilla UK Ltd

Independent Auditor's Report to the Member of
Gunzilla UK Ltd (continued)

	In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
•	agreeing financial statements to disclosures underlying supporting documentation;
•	enquiring of management as to actual and potential litigation and claims; and
•	reviewing correspondence with HMRC, analysing legal costs to ascertain if there have been instances of non-compliance with laws and regulations.
	There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company’s member, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s member those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s member as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Ransford Agyei-Boamah (Senior Statutory Auditor)
For and on behalf of Shaw Gibbs (Audit) Limited, Statutory Auditor

Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

15 October 2025

Gunzilla UK Ltd

Statement of Income and Retained Earnings
for the Year Ended 31 July 2024

Note

2024
£

2023
£

Revenue

5,414,083

616,257

Cost of sales

(4,591,230)

-

Gross profit

822,853

616,257

Sales and marketing costs

(250,787)

-

Administrative expenses

(324,189)

(641,133)

Operating profit/(loss)

247,877

(24,876)

Interest payable and similar charges

(5,766)

(6,562)

Profit/(loss) before tax

242,111

(31,438)

Taxation

4

(23,561)

-

Profit/(loss) for the financial year

218,550

(31,438)

Retained earnings brought forward

(127,303)

(95,865)

Retained earnings carried forward

91,247

(127,303)

Gunzilla UK Ltd

(Registration number: 13506528)
Statement of Financial Position as at 31 July 2024

	Note	2024 £	2023 £
Non-current assets
Property, plant and equipment	5	20,562	1,959
Current assets
Receivables	6	701,959	7,903
Cash at bank and in hand	7	28,654	738
		730,613	8,641
Payables: Amounts falling due within one year	8	(659,828)	(137,803)
Net current assets/(liabilities)		70,785	(129,162)
Net assets/(liabilities)		91,347	(127,203)
Equity
Called up share capital	10	100	100
Retained earnings	10	91,247	(127,303)
Total equity		91,347	(127,203)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements of Gunzilla UK Ltd were approved and authorised for issue by the director on 15 October 2025.

.........................................

C F Trimborn
Director

Gunzilla UK Ltd

Notes to the Financial Statements
for the Year Ended 31 July 2024

1	General information

Gunzilla UK Ltd (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the director's report on page 2.

2	Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).

Going concern

The directors have prepared these financial statements on a going concern basis, which assumes that the company will continue in operational existence for at least twelve months from the date of approval. This assumption is based on the expectation that the parent undertaking, Poseidon 133 PTE. Ltd, will provide the company with sufficient resources to enable it to meet its financial obligations as they fall due.

However, Poseidon 133 PTE. Ltd’s current levels of cash and cash equivalents indicate that its ability to continue as a going concern is dependent on securing additional capital. Management of Gunzilla UK Ltd believes that the current cash position is insufficient to support ongoing investment in growth initiatives while also meeting financial obligations as they fall due. These conditions raise substantial doubt about Gunzilla UK Ltd’s ability to continue as a going concern for a period of at least one year from the date of issuance of its audited financial statements for the year ended 31 July 2024.

Key sources of estimation uncertainty

There were no key sources of estimation uncertainties or critical judgements made by the director in the process of applying the company’s accounting policies which have the most significant effect on the amounts recognised in the financial statements.

Gunzilla UK Ltd

Notes to the Financial Statements
for the Year Ended 31 July 2024 (continued)

2	Accounting policies (continued)

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services to the parent undertaking in the ordinary course of the company’s activities. Revenue is shown net of value added tax. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Other operating income
Other operating income includes marketing services. This is recognised when the company becomes entitled to it under the underlying consulting agreements.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Property, plant and equipment

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	25% straight line

Gunzilla UK Ltd

Notes to the Financial Statements
for the Year Ended 31 July 2024 (continued)

2	Accounting policies (continued)

Impairment of asset

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in the statement of income and retained earnings.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the statement of income and retained earnings.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and is subject to an insignificant risk of change in value.

Receivables

Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. The assets of the schemes are held
separately from those of the company. Contributions are recognised in the income statement in the
period in which they become payable.

Gunzilla UK Ltd

Notes to the Financial Statements
for the Year Ended 31 July 2024 (continued)

2	Accounting policies (continued)

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3	Staff numbers

The average number of persons employed by the company during the year, was 13 (2023 - 9).

4

Taxation

Tax charged in the income statement

	2024 £	2023 £
Current taxation
UK corporation tax	23,561	-

The standard rate of UK corporation tax applied to the reported profit before tax for the year is 25% (2023 - 19%).

The difference between the total tax charge shown above and the amount calculated by applying the standard rate of UK corporation tax to the profit before tax is as follows:

	2024 £	2023 £
Profit/(loss) before tax	242,111	(31,438)
Corporation tax at standard rate	60,528	(5,973)
Effect of tax losses	(32,316)	6,345
Tax decrease from effect of capital allowances and depreciation	(4,651)	(372)
Total tax charge	23,561	-

Gunzilla UK Ltd

Notes to the Financial Statements
for the Year Ended 31 July 2024 (continued)

5	Property, plant and equipment

Computer equipment
£

Cost

At 1 August 2023

2,090

Additions

20,612

At 31 July 2024

22,702

Depreciation

At 1 August 2023

131

Charge for the year

2,009

At 31 July 2024

2,140

Carrying amount

At 31 July 2024

20,562

At 31 July 2023

1,959

6

Receivables

2024
£

2023
£

Amounts owed by group undertaking

455,402

6,665

Other receivables

246,557

1,238

701,959

7,903

The amount owed by group undertaking disclosed as falling within one year is unsecured, payable on demand and non-interest bearing.

7	Cash and cash equivalents

	2024 £	2023 £
Cash at bank	28,654	738

Gunzilla UK Ltd

Notes to the Financial Statements
for the Year Ended 31 July 2024 (continued)

8

Payables

	2024 £	2023 £
Due within one year
Trade payables	389,630	-
Amount owed to group undertaking	69,277	123,023
Social security and other taxes	-	11,427
Corporation tax liability	23,561	-
Outstanding defined contribution pension costs	2,260	1,803
Other payables	25,876	-
Accruals	149,224	1,550
	659,828	137,803

The amount owed to group undertaking disclosed as falling within one year represents loan balances. The loan balances are unsecured, payable on demand and are subject to interest.

9

Pension

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £9,982 (2023 - £6,678).

Contributions totalling £2,260 (2023 - £1,803) were payable to the scheme at the end of the year and are included in creditors.

10	Share capital and reserves

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

The company has one class of share capital which carries no right to fixed income.

Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

Gunzilla UK Ltd

Notes to the Financial Statements
for the Year Ended 31 July 2024 (continued)

11	Related party transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 1AC.35 of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" not to disclose transactions with entities that are wholly owned members of the group.

There were no other related party transactions to disclose.

12	Parent and ultimate parent undertaking

The company's immediate and ultimate parent undertaking is Poseidon 133 Pte Ltd; the address of its registered office is 39 Robinson Road, No. 14-01, Robinson Point, Singapore, 068911.

The most senior parent entity producing publicly available financial statements is Poseidon 133 Pte Ltd. These financial statements are available on request.

13	Events after the financial period

There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.

Company Information	1
Director's Report	2 to 3
Statement of Director's Responsibilities	4
Independent Auditor's Report	5 to 8
Statement of Income and Retained Earnings	9
Statement of Financial Position	10
Notes to the Financial Statements	11 to 17

	Computer equipment £
Cost
At 1 August 2023	2,090
Additions	20,612
At 31 July 2024	22,702
Depreciation
At 1 August 2023	131
Charge for the year	2,009
At 31 July 2024	2,140
Carrying amount
At 31 July 2024	20,562
At 31 July 2023	1,959

	2024 £	2023 £
Amounts owed by group undertaking	455,402	6,665
Other receivables	246,557	1,238
	701,959	7,903