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COMPANY REGISTRATION NUMBER: 06176218

Dacast Limited

Filleted Unaudited Financial Statements

31 December 2024

Dacast Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | – | 6,582

Current assets

Debtors | 6 | 189,490 |  | 199,101
Cash at bank and in hand | 7,494 |  | 13,036
| --------- |  | ---------
| 196,984 |  | 212,137

Creditors: amounts falling due within one year | 7 | 45,861 |  | 42,195
| --------- |  | ---------
Net current assets |  | 151,123 | 169,942
|  | --------- | ---------
Total assets less current liabilities |  | 151,123 | 176,524
|  | --------- | ---------
Net assets |  | 151,123 | 176,524
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 60,275 | 60,275
Share premium account |  | 4,230,530 | 4,230,530
Profit and loss account |  | ( 4,139,682) | ( 4,114,281)
|  | ------------ | ------------
Shareholders funds |  | 151,123 | 176,524
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Dacast Limited

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr S Roulland |
Director |

Company registration number: 06176218

Dacast Limited

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 483 Green Lanes, Green Lanes, London, N13 4BS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis assuming continued support from the company's director.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. There are no key judgements. The key estimates include depreciation.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Furniture & Fittings | - | 20% straight line
| Equipment | - | 33% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 7 ).
5. Tangible assets

| Plant and machinery | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 January 2024 | 21,210 | 3,730 | 24,940
Disposals | ( 21,210) | ( 3,730) | ( 24,940)
| -------- | ------- | --------
At 31 December 2024 | – | – | –
| -------- | ------- | --------
Depreciation |  |  |
At 1 January 2024 | 16,580 | 1,778 | 18,358
Disposals | ( 16,580) | ( 1,778) | ( 18,358)
| -------- | ------- | --------
At 31 December 2024 | – | – | –
| -------- | ------- | --------
Carrying amount |  |  |
At 31 December 2024 | – | – | –
| -------- | ------- | --------
At 31 December 2023 | 4,630 | 1,952 | 6,582
| -------- | ------- | --------

6. Debtors

| 2024 | 2023
| £ | £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 189,490 | 194,939
Other debtors | – | 4,162
| --------- | ---------
| 189,490 | 199,101
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | – | 1
Social security and other taxes | 42,761 | 33,261
Other creditors | 3,100 | 8,933
| -------- | --------
| 45,861 | 42,195
| -------- | --------

8. Related party transactions
The company was under the control of Dacast Inc. a company incorporated in the USA. Dacast Inc. own 100% of the issued share capital. At 31 December 2024 Dacast Ltd owed Dacast Inc. £113,611.(2023: Dacast Inc owed Dacast Ltd £99,593).
9. Controlling party
Dacast Limited is a 100% owned subsidiary of DaCast Inc, a company registered in the USA.