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REGISTERED NUMBER: 09630313 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

DAUNTLESS LIMITED

| DAUNTLESS LIMITED (REGISTERED NUMBER: 09630313) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| DAUNTLESS LIMITED |

COMPANY INFORMATION

For The Year Ended 30 June 2025

| DIRECTORS: | J O Shepherd

| O D J Marshall

| REGISTERED OFFICE: | Equinox House

| Clifton Park

| Shipton Road

| York

| YO30 5PA

| REGISTERED NUMBER: | 09630313 (England and Wales)

| ACCOUNTANTS: | Fortus Limited

| Business Advisors & Accountants

| Equinox House

| Clifton Park, Shipton Road

| York

| Yorkshire

| YO30 5PA

| DAUNTLESS LIMITED (REGISTERED NUMBER: 09630313) |

BALANCE SHEET

30 June 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 518,307 |  | 545,510 |  |

Tangible assets | 5 | 19,028 |  | 22,888 |  |

537,335 |  | 568,398 |  |

CURRENT ASSETS

Stocks | 49,706 |  | 49,764 |  |

Debtors | 6 | 39,522 |  | 4,138 |  |

Cash at bank | 2,493 |  | 1,137 |  |

91,721 |  | 55,039 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,742,285 |  | 1,636,818 |  |

NET CURRENT LIABILITIES | (1,650,564 | ) | (1,581,779 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,113,229 | ) | (1,013,381 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (1,113,329 | ) | (1,013,481 | ) |

(1,113,229 | ) | (1,013,381 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2026 and were signed on its behalf by:

J O Shepherd - Director

| DAUNTLESS LIMITED (REGISTERED NUMBER: 09630313) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| Dauntless Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

| Intangible assets other than goodwill

| Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

| Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Trademark |  |  | 10% - straight line |  |

| Development costs |  |  | 0-20% - straight line |  |

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Leaseholder improvements |  | - 25% on reducing balance |  |

| Plant and machinery |  | - 25% on reducing balance |  |

| Office equipment |  | - 25% on reducing balance |  |

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The validity of this assumption is dependent upon the continuing support of the directors.

| DAUNTLESS LIMITED (REGISTERED NUMBER: 09630313) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Cash at bank and in hand

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

| Impairment of fixed assets

| At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Patents |

| and |  | Development |

| licences |  | costs |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 13,115 |  | 1,097,795 |  | 1,110,910 |  |

| Additions | 6,420 |  | - |  | 6,420 |  |

| At 30 June 2025 | 19,535 |  | 1,097,795 |  | 1,117,330 |  |

| AMORTISATION

| At 1 July 2024 | 8,675 |  | 556,725 |  | 565,400 |  |

| Amortisation for year | 1,524 |  | 32,099 |  | 33,623 |  |

| At 30 June 2025 | 10,199 |  | 588,824 |  | 599,023 |  |

| NET BOOK VALUE

| At 30 June 2025 | 9,336 |  | 508,971 |  | 518,307 |  |

| At 30 June 2024 | 4,440 |  | 541,070 |  | 545,510 |  |

| DAUNTLESS LIMITED (REGISTERED NUMBER: 09630313) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 30 June 2025

5. | TANGIBLE FIXED ASSETS

| Leaseholder |  | Plant and |  | Office |

| improvements |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 July 2024 | 15,740 |  | 13,286 |  | 31,160 |  | 60,186 |  |

| Additions | - |  | - |  | 2,483 |  | 2,483 |  |

| At 30 June 2025 | 15,740 |  | 13,286 |  | 33,643 |  | 62,669 |  |

| DEPRECIATION

| At 1 July 2024 | 8,386 |  | 12,289 |  | 16,623 |  | 37,298 |  |

| Charge for year | 1,839 |  | 249 |  | 4,255 |  | 6,343 |  |

| At 30 June 2025 | 10,225 |  | 12,538 |  | 20,878 |  | 43,641 |  |

| NET BOOK VALUE

| At 30 June 2025 | 5,515 |  | 748 |  | 12,765 |  | 19,028 |  |

| At 30 June 2024 | 7,354 |  | 997 |  | 14,537 |  | 22,888 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 39,522 |  | 4,138 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 3,091 |  | 1,420 |  |

| Other creditors | 1,739,194 |  | 1,635,398 |  |

1,742,285 |  | 1,636,818 |  |