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Registered number: 09743025 FUNFAIR TECHNOLOGIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
FUNFAIR TECHNOLOGIES LIMITED REGISTERED NUMBER: 09743025 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 3 |  | 1,047 |  | 1,658,306
Tangible assets | 4 |  | 10,245 |  | 12,064
Investments |  |  | 1,309,416 |  | 1,763,854
|  |  | 1,320,708 |  | 3,434,224
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 112,643 |  | 144,047 |
Cash at bank and in hand | 6 | 401,547 |  | 3,088,924 |
|  | 514,190 |  | 3,232,971 |
Creditors: amounts falling due within one year | 7 | (1,119,274) |  | (1,083,157) |
Net current (liabilities)/assets |  |  | (605,084) |  | 2,149,814
Total assets less current liabilities |  |  | 715,624 |  | 5,584,038
Creditors: amounts falling due after more than one year | 8 |  | (11,093,361) |  | (11,238,737)
Net liabilities |  |  | (10,377,737) |  | (5,654,699)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 10 |  | 10
Profit and loss account |  |  | (10,377,747) |  | (5,654,709)
|  |  | (10,377,737) |  | (5,654,699)
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. Page 1
FUNFAIR TECHNOLOGIES LIMITED REGISTERED NUMBER: 09743025 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 JUNE 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 January 2026.
M O'Connor
Director
The notes on pages 4 to 9 form part of these financial statements. Page 2

|  | FUNFAIR TECHNOLOGIES LIMITED |
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
|  | Called up share capital | Profit and loss account | Total equity
|  | £ | £ | £
| At 1 July 2023 | 10 | 1,537,396 | 1,537,406
| Loss for the year | - | (7,192,105) | (7,192,105)
| At 1 July 2024 | 10 | (5,654,709) | (5,654,699)
| Loss for the year | - | (4,723,038) | (4,723,038)
| At 30 June 2025 | 10 | (10,377,747) | (10,377,737)
| The notes on pages 4 to 9 form part of these financial statements.
Page 3

FUNFAIR TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Funfair Technologies Ltd is a private company, limited by shares, and incorporated in England and Wales (registration number: 09743025). The registered office is 101 New Cavendish Street, London, England, W1W 6XH. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
In assessing the ability of the Company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the Company. Given that the Company is in a net deficit position, the director has obtained assurances from its immediate and ultimate parent companies to continue to provide adequate funds to meet its obligations, and not demand repayment of any funds due to them, until the Company is in a financial positions to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
FUNFAIR TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Pensions
Defined contribution schemes The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.7 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Intangible assets consisting of digital assests held for investment are determined to have an indefinite useful economic life. These assets are therefore not amortised but reviewed and tested for impairment on a regular basis
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 20% | straight line over 5 years
|  |  |  | Computer equipment | - | 33% | straight line over 3 years
Page 5
FUNFAIR TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.9 | Impairment of fixed assets and goodwill
Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
| 2.10 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.12 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.13 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 6
FUNFAIR TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
3. | Intangible assets
|  | Digital assets
|  | £
| Cost |
| At 1 July 2024 | 3,139,579
| Additions | -
| Disposals | (1,655,454)
| Revaluation surplus | (1,805)
| At 30 June 2025 | 1,482,320
| Amortisation |
| At 1 July 2024 | 1,481,273
| At 30 June 2025 | 1,481,273
| Net book value |
| At 30 June 2025 | 1,047
| At 30 June 2024 | 1,658,306
Page 7
FUNFAIR TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | Tangible fixed assets
|  | Office equipment | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 July 2024 | 8,107 | 42,713 | 50,820
| Additions | - | 10,572 | 10,572
| At 30 June 2025 | 8,107 | 53,285 | 61,392
| Depreciation |  |  |
| At 1 July 2024 | 301 | 38,454 | 38,755
| Charge for the year on owned assets | 580 | 11,812 | 12,392
| At 30 June 2025 | 881 | 50,266 | 51,147
| Net book value |  |  |
| At 30 June 2025 | 7,226 | 3,019 | 10,245
| At 30 June 2024 | 7,806 | 4,259 | 12,065
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Other debtors | 66,027 | 63,167
| Prepayments and accrued income | 46,616 | 80,880
|  | 112,643 | 144,047
Page 8
FUNFAIR TECHNOLOGIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 401,547 | 3,088,924
|  | 401,547 | 3,088,924
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 25,857 | 55,457
| Amounts owed to group undertakings | 985,558 | 938,697
| Other taxation and social security | 74,304 | 64,187
| Other creditors | - | 15,011
| Accruals and deferred income | 33,555 | 9,805
|  | 1,119,274 | 1,083,157
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 11,093,361 | 11,238,737
|  | 11,093,361 | 11,238,737
Page 9