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COMPANY REGISTRATION NUMBER: 14102271

Wildseed Studios - Dodo2 Limited

Filleted Financial Statements

11 May 2025

Wildseed Studios - Dodo2 Limited

Statement of Financial Position

11 May 2025

| 2025 | 2024
Note | £ | £

Current assets

Debtors | 6 | 502,895 | 2,143,825
Cash at bank and in hand | 13,000 | 47,667
| --------- | ------------
| 515,895 | 2,191,492

Creditors: amounts falling due within one year | 7 | ( 515,894) | ( 2,191,491)
| --------- | ------------
Net current assets | 1 | 1
| ---- | ----
Total assets less current liabilities | 1 | 1
| ---- | ----
Net assets | 1 | 1
| ---- | ----

Capital and reserves

Called up share capital | 8 | 1 | 1
| ---- | ----
Shareholders funds | 1 | 1
| ---- | ----

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 comprehensive income has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

M Bullough |
Director |

Company registration number: 14102271

Wildseed Studios - Dodo2 Limited

Notes to the Financial Statements

Year ended 11 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Roxburgh Milkins Limited, Merchants House North, Wapping Road, Bristol, Avon, BS1 4RW.
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.
Foreign currencies
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 of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
In the opinion of the directors the business is a going concern and the financial statements are prepared on this basis. In forming this opinion, the directors have considered the results for the reporting period and undertaken a rigorous assessment of the future outlook based on predicted trading performance. The directors believe the business has the financial resources to support its future trading activities, being for a period of not less than one year from the date of approval of these financial statements.
Comparatives
The accounts cover the year from 12 May 2024 to 11 May 2025. The comparatives cover the period from 13 November 2022 to 11 May 2024 and as such the comparatives are not entirely comparable.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
Accruals are estimated by reference to purchase orders raised at the period end and estimates to complete. Payments received on account are estimated by reference to percentage of completion of the television production, as noted in "Revenue recognition" below.
Revenue recognition
Turnover relates to the production and exploitation of children's animation series entitled "Dodo - Series 2". It represents the value of the work done in the period, including estimates of amounts not invoiced and is stated after trade discounts, other taxes and net of VAT. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Intra-group borrowings are debt instruments and are initially measured at present value of the future cash flows and subsequently at amortised cost using an effective interest method.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: 9 ).
5. Tax on loss
Major components of tax income

|  | Period from
| Year to | 13 Nov 22 to
| 11 May 25 | 11 May 24
| £ | £

Current tax:

UK current tax income | – | ( 368,088)
| ---- | ---------
Tax on loss | – | ( 368,088)
| ---- | ---------

Reconciliation of tax income
The tax assessed on the loss on ordinary activities for the year is the same as (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 19 %).

|  | Period from
| Year to | 13 Nov 22 to
| 11 May 25 | 11 May 24
| £ | £
Loss on ordinary activities before taxation | – | ( 368,088)
| ---- | ---------
Loss on ordinary activities by rate of tax | – | ( 69,937)
Children's animation tax relief | – | (368,088)
Losses carried forward | – | 69,937
| ---- | ---------
Tax on loss | – | ( 368,088)
| ---- | ---------

6. Debtors

| 2025 | 2024
| £ | £
Amounts owed by group undertakings | 252 | –
Prepayments and accrued income | 502,142 | 1,734,613
VAT recoverable | – | 41,123
Corporation tax recoverable | – | 368,088
Other debtors | 501 | 1
| --------- | ------------
| 502,895 | 2,143,825
| --------- | ------------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | – | 222
Amounts owed to group undertakings | 369,174 | 390,235
Accruals and deferred income | 86,761 | 199,038
Social security and other taxes | 12,136 | 3,104
Production loan | 47,823 | 1,598,892
| --------- | ------------
| 515,894 | 2,191,491
| --------- | ------------

The loan has been secured against the children's animation tax credit.
8. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 1 | 1 | 1 | 1
| ---- | ---- | ---- | ----

There are no restrictions on the distribution of dividends and the repayment of capital.
9. Contingencies
Charges have been made against the animation series in favour of the following parties to secure their interests in the copyright of and title to the animation series: Coutts & Company The charges were satisfied in full on 01 July 2025, after the reporting date.
10. Summary audit opinion
The auditor's report dated 10 February 2026 was unqualified .
The senior statutory auditor was Gurvir Cheema , for and on behalf of Moore Kingston Smith LLP .
11. Related party transactions
The company has taken advantage of the exemption, under the terms of FRS 102 Paragraph 33.1A, not to disclose related party transactions with wholly owned subsidiaries within the group. No material transactions with related parties were undertaken such as are required to be disclosed under the FRS 102 Section 1A.
12. Controlling party
The immediate parent company is Wildseed Studios Limited, a company incorporated in England and Wales. During the prior period, a structured share purchase of 51% of the total shares of Wildseed Studios Limited was completed. From the date of the acquisition the ultimate controlling party is MediaWan, a company incorporated and based in France.