Company No: 04052652 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	R A Smith
	P R Stevens
	P D Warren

SECRETARY

J M Mckenzie

REGISTERED OFFICE	45 Argyle Street
	Cambridge
	CB1 3LR
	United Kingdom

COMPANY NUMBER

04052652 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	14,508		19,628
Tangible assets	4	317,636		272,121
Investments	5	1		1
		332,145		291,750
Current assets
Debtors	6	188,923		165,815
Cash at bank and in hand		827,741		787,905
		1,016,664		953,720
Creditors: amounts falling due within one year	7	( 1,040,044)		( 952,972)
Net current (liabilities)/assets		(23,380)		748
Total assets less current liabilities		308,765		292,498
Provision for liabilities		( 72,254)		( 60,243)
Net assets		236,511		232,255
Capital and reserves
Called-up share capital	8	1,481		1,465
Share premium account		12,568		10,746
Profit and loss account		222,462		220,044
Total shareholders' funds		236,511		232,255

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Mythic Beasts Limited (registered number: 04052652) were approved and authorised for issue by the Board of Directors on 29 May 2026. They were signed on its behalf by:

R A Smith Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mythic Beasts Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 45 Argyle Street, Cambridge, CB1 3LR, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Mythic Beasts Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost of each asset over its expected useful life as follows:

Goodwill	3 years straight line
Trademarks, patents and licences	3 years straight line
Other intangible assets	3 - 10 years straight line

Goodwill

Goodwill arises on a business combination and represents any excess of consideration given over fair value of the identifiable assets and liabilities acquired. It is written off on a straight line basis over its useful economic life, of three years, taking into account any provision for impairment.

Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of three years which is their estimated useful economic life. Provision is made for any impairment.

Other 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.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

Pensions

**Defined contribution pension plan**
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. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	12		13

3. Intangible assets

	Goodwill		Trademarks, patents and licences		Other intangible assets		Total
	£		£		£		£
Cost
At 01 September 2024	67,005		8,474		51,200		126,679
At 31 August 2025	67,005		8,474		51,200		126,679
Accumulated amortisation
At 01 September 2024	67,005		8,474		31,572		107,051
Charge for the financial year	0		0		5,120		5,120
At 31 August 2025	67,005		8,474		36,692		112,171
Net book value
At 31 August 2025	0		0		14,508		14,508
At 31 August 2024	0		0		19,628		19,628

4. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 September 2024	1,880,509		1,880,509
Additions	254,347		254,347
Disposals	( 51,079)		( 51,079)
At 31 August 2025	2,083,777		2,083,777
Accumulated depreciation
At 01 September 2024	1,608,388		1,608,388
Charge for the financial year	208,832		208,832
Disposals	( 51,079)		( 51,079)
At 31 August 2025	1,766,141		1,766,141
Net book value
At 31 August 2025	317,636		317,636
At 31 August 2024	272,121		272,121

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 September 2024	1
At 31 August 2025	1
Carrying value at 31 August 2025	1
Carrying value at 31 August 2024	1

6. Debtors

	2025		2024
	£		£
Trade debtors	106,300		103,873
Prepayments	78,858		61,942
Other debtors	3,765		0
	188,923		165,815

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	166,019		159,292
Accruals and deferred income	696,743		640,038
Taxation and social security	171,417		150,008
Other creditors	5,865		3,634
	1,040,044		952,972

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 A ordinary share of £ 1.00	1.00		1.00
1 B ordinary share of £ 1.00	1.00		1.00
73,942 C ordinary shares of £ 0.01 each (2024: 73,167 shares of £ 0.01 each)	739.42		731.67
73,942 Ordinary shares of £ 0.01 each (2024: 73,167 shares of £ 0.01 each)	739.42		731.67
	1,480.84		1,465.34

During the year, 775 A Ordinary shares of £0.01 each were issues at £2.36 per share and 775 B Ordinary shares of £0.01 each were issued at par. The shares issued increased the share premium account by £1,822.
During the year, the Company repurchased 1000 of its own ordinary shares for consideration of £4,295. The shares are held in treasury at the year end.

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	72,625		594,845
between one and five years	621,476		748,042
after five years	195,307		195,307
Total future minimum lease payments under non-cancellable operating leases	889,408		1,538,194