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REGISTERED NUMBER: 05389718 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31st December 2024 |

| for |

| Simworx Limited |

| Simworx Limited (Registered number: 05389718) |

Contents of the Financial Statements

for the Year Ended 31st December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Simworx Limited |

Company Information

for the Year Ended 31st December 2024

| DIRECTORS: | T J Monkton

| A W Roberts

| B P Daniels

| SECRETARY: | T J Monkton

| REGISTERED OFFICE: | 37 Second Avenue

| The Pensnett Estate

| Kingswinford

| West Midlands

| DY6 7UL

| REGISTERED NUMBER: | 05389718 (England and Wales)

| ACCOUNTANTS: | Rice & Co Limited

| Chartered Accountants

| 14a Market Place

| Uttoxeter

| Staffordshire

| ST14 8HP

| Simworx Limited (Registered number: 05389718) |

Balance Sheet

31st December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | 252,984 |  |

Tangible assets | 6 | 114,661 |  | 43,133 |  |

Investments | 7 | - |  | 33,000 |  |

114,661 |  | 329,117 |  |

CURRENT ASSETS

Stocks | 100,000 |  | 323,231 |  |

Debtors | 8 | 2,928,035 |  | 5,173,424 |  |

Cash at bank | 200,320 |  | 1,544,216 |  |

3,228,355 |  | 7,040,871 |  |

CREDITORS

Amounts falling due within one year | 9 | 4,618,626 |  | 4,363,040 |  |

NET CURRENT (LIABILITIES)/ASSETS | (1,390,271 | ) | 2,677,831 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (1,275,610 | ) | 3,006,948 |  |

CREDITORS

Amounts falling due after more than one year | 10 | (63,088 | ) | (75,100 | ) |

PROVISIONS FOR LIABILITIES | (506,217 | ) | (52,317 | ) |

NET (LIABILITIES)/ASSETS | (1,844,915 | ) | 2,879,531 |  |

| Simworx Limited (Registered number: 05389718) |

Balance Sheet - continued

31st December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 2,132 |  | 2,132 |  |

Share premium | 176,672 |  | 176,672 |  |

Retained earnings | (2,023,719 | ) | 2,700,727 |  |

SHAREHOLDERS' FUNDS | (1,844,915 | ) | 2,879,531 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th June 2026 and were signed on its behalf by:

T J Monkton - Director

| Simworx Limited (Registered number: 05389718) |

Notes to the Financial Statements

for the Year Ended 31st December 2024

1. | STATUTORY INFORMATION

| Simworx 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Going concern

| After the end of the financial year but prior to the date of approval of these financial statements, the company has registered a notice of intention to appoint administrators and is extremely unlikely to be able to continue as a going concern. Accordingly, the financial statements have been prepared on a basis other than going concern. Where applicable, fixed and current assets have been restated to recoverable amounts. As the financial statements have not been approved until after more than one year from the financial reporting date, creditors falling due after more than one year have continued to be classified as such.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover in respect of long-term contracts is recognised when a set stage, as specified in the contract for sale, has been completed.

| All other turnover is recognised either when goods have been delivered to customers or services completed, such that risks and rewards of ownership have passed to them.

| Project contracts

| Project revenue and costs are recognised in the statement of comprehensive income by reference to the stage of completion of the project, to the extent that the project outcome can be estimated reliably. The stage of completion is measured by reference to set stages, as specified in the contract. An expected loss on a project is recognised immediately in the statement of comprehensive income.

| Amounts recoverable on contracts are included in debtors and represent revenue recognised in excess of amounts invoiced. Amounts invoiced in excess of revenue recognised and costs recognised in excess of expenses incurred are included in creditors due within one year.

| Simworx Limited (Registered number: 05389718) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

3. | ACCOUNTING POLICIES - continued

| Ride films

| Expenditure incurred on developing new ride films is capitalised in the balance sheet and amortised over its estimated useful life of five years. Amortisation is reported in the statement of comprehensive income under administrative expenses.

| Development costs

| Expenditure incurred on new products and improvements to the company's products is capitalised in the balance sheet as development costs and amortised over its estimated useful life of two to five years. Amortisation commences with the commercial introduction of the new product or incorporation of the improvement into the product and is reported in the statement of comprehensive income under administrative expenses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 25% on reducing balance, Straight line over 2 - 5 years and Straight line over 2 - 4 years

| Stocks

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

| Financial instruments

| Fixed asset investments in unlisted shares are initially recognised at cost with any impairment losses being reported in the statement of comprehensive income under administrative expenses.

| Derivative financial instruments are recognised at fair value with any gains or losses being reported in the statement of comprehensive income under other operating income/expenses.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

| Simworx Limited (Registered number: 05389718) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the reporting date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives and those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to statement of comprehensive income over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the statement of comprehensive income on a straight

| line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

| Short term creditors are measured at 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 34 (2023 - 26 ) .

| Simworx Limited (Registered number: 05389718) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

5. | INTANGIBLE FIXED ASSETS

| Other |

| intangible |

| Goodwill |  | assets |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024 | 118,000 |  | 1,225,815 |  | 1,343,815 |  |

| Additions | - |  | 6,706 |  | 6,706 |  |

| Disposals | - |  | (14,428 | ) | (14,428 | ) |

| Impairments | - |  | (215,357 | ) | (215,357 | ) |

| At 31st December 2024 | 118,000 |  | 1,002,736 |  | 1,120,736 |  |

| AMORTISATION

| At 1st January 2024 | 118,000 |  | 972,831 |  | 1,090,831 |  |

| Charge for year | - |  | 44,333 |  | 44,333 |  |

| Eliminated on disposal | - |  | (14,428 | ) | (14,428 | ) |

| At 31st December 2024 | 118,000 |  | 1,002,736 |  | 1,120,736 |  |

| NET BOOK VALUE

| At 31st December 2024 | - |  | - |  | - |  |

| At 31st December 2023 | - |  | 252,984 |  | 252,984 |  |

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st January 2024 | 945,998 |  |

| Additions | 99,052 |  |

| Impairments | (6,628 | ) |

| At 31st December 2024 | 1,038,422 |  |

| DEPRECIATION

| At 1st January 2024 | 902,865 |  |

| Charge for year | 20,896 |  |

| At 31st December 2024 | 923,761 |  |

| NET BOOK VALUE

| At 31st December 2024 | 114,661 |  |

| At 31st December 2023 | 43,133 |  |

| Simworx Limited (Registered number: 05389718) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

7. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1st January 2024 | 33,000 |  |

| Disposals | (33,000 | ) |

| At 31st December 2024 | - |  |

| NET BOOK VALUE

| At 31st December 2024 | - |  |

| At 31st December 2023 | 33,000 |  |

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

2024 | 2023 |

£ | £ |

| Trade debtors | 2,588,257 |  | 2,446,343 |  |

| Amounts owed by group undertakings | - |  | 2,485,931 |  |

| Other debtors | 339,778 |  | 241,150 |  |

2,928,035 |  | 5,173,424 |  |

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

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 42,095 |  | 6,992 |  |

| Project accruals and deferred income | 1,227,298 |  | 2,932,482 |  |

| Trade creditors | 2,388,657 |  | 227,136 |  |

| Amounts owed to group undertakings | 173,067 |  | 87,992 |  |

| Taxation and social security | 141,599 |  | 364,760 |  |

| Other creditors | 645,910 |  | 743,678 |  |

4,618,626 |  | 4,363,040 |  |

10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts | 63,088 |  | 33,433 |  |

| Other creditors | - |  | 41,667 |  |

63,088 |  | 75,100 |  |

| Simworx Limited (Registered number: 05389718) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Loans | 542,953 |  | 555,885 |  |

| Hire purchase contracts | 105,183 |  | 40,425 |  |

648,136 |  | 596,310 |  |

| Loans amounting to £63,148 (2023 - £555,885) are secured by a charge over all assets of the company and loans amounting to £479,805 (2023 - £nil) are secured by a charge over the company's stock.

| Hire purchase contracts are secured by the assets to which they relate.

12. | CONTINGENT LIABILITIES

| The company has provided a guarantee over creditors of Media Based Attractions Limited, the company's parent undertaking, amounting to £2,416,000 (2023- £2,666,000).

13. | POST BALANCE SHEET EVENTS

| As disclosed in note 3 to the financial statements, after the end of the financial year but prior to the date of approval of these financial statements, the the company has registered a notice of intention to appoint administrators and is extremely unlikely to be able to continue as a going concern. Accordingly, the financial statements have been prepared on a basis other than going concern.

14. | PARENT AND ULTIMATE PARENT COMPANY

| The company's parent and ultimate parent undertaking is Media Based Attractions Limited, a company registered in England and Wales. Consolidated financial statements are prepared for the group controlled by Media Based Attractions Limited and that company's registered office is 37 Second Avenue, The Pensnett Estate, Kingswinford, West Midlands DY6 7UL.