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REGISTERED NUMBER: 06728544 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31st December 2024 |

| for |

| Simworx Ventures Limited |

| Simworx Ventures Limited (Registered number: 06728544) |

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 Ventures 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 Trading Estate

| Kingswinford

| West Midlands

| DY6 7UL

| REGISTERED NUMBER: | 06728544 (England and Wales)

| ACCOUNTANTS: | Rice & Co Limited

| Chartered Accountants

| 14a Market Place

| Uttoxeter

| Staffordshire

| ST14 8HP

| Simworx Ventures Limited (Registered number: 06728544) |

Balance Sheet

31st December 2024

| 2024 |  | 2023

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 7 | 2,500 |  | 124,696 |  |

Cash at bank | 550 |  | 42,914 |  |

3,050 |  | 167,610 |  |

CREDITORS

Amounts falling due within one year | 8 | 166,149 |  | 161,898 |  |

NET CURRENT (LIABILITIES)/ASSETS | (163,099 | ) | 5,712 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (163,099 | ) | 5,712 |  |

PROVISIONS FOR LIABILITIES | 10,000 |  | - |  |

NET (LIABILITIES)/ASSETS | (173,099 | ) | 5,712 |  |

CAPITAL AND RESERVES

Called up share capital | 2,077 |  | 2,077 |  |

Share premium | 31,807 |  | 31,807 |  |

Capital redemption reserve | 1,201 |  | 1,201 |  |

Retained earnings | (208,184 | ) | (29,373 | ) |

SHAREHOLDERS' FUNDS | (173,099 | ) | 5,712 |  |

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.

| Simworx Ventures Limited (Registered number: 06728544) |

Balance Sheet - continued

31st December 2024

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 Ventures Limited (Registered number: 06728544) |

Notes to the Financial Statements

for the Year Ended 31st December 2024

1. | STATUTORY INFORMATION

| Simworx Ventures 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.

| Turnover

| Turnover represents income from operation of entertainment attractions, excluding value added tax. Turnover is recognised when a customer uses an attraction.

| Tangible fixed assets

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

| Entertainment equipment - 20% on cost

| 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 Ventures Limited (Registered number: 06728544) |

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.

4. | EMPLOYEES AND DIRECTORS

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

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1st January 2024

| and 31st December 2024 | 13,163 |  |

| AMORTISATION

| At 1st January 2024

| and 31st December 2024 | 13,163 |  |

| NET BOOK VALUE

| At 31st December 2024 | - |  |

| At 31st December 2023 | - |  |

6. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st January 2024

| and 31st December 2024 | 293,000 |  |

| DEPRECIATION

| At 1st January 2024

| and 31st December 2024 | 293,000 |  |

| NET BOOK VALUE

| At 31st December 2024 | - |  |

| Simworx Ventures Limited (Registered number: 06728544) |

Notes to the Financial Statements - continued

for the Year Ended 31st December 2024

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

2024 | 2023 |

£ | £ |

| Amounts owed by group undertakings | - |  | 112,492 |  |

| Other debtors | 2,500 |  | 12,204 |  |

2,500 |  | 124,696 |  |

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

2024 | 2023 |

£ | £ |

| Amounts owed to group undertakings | 153,598 |  | 153,598 |  |

| Taxation and social security | 4,051 |  | - |  |

| Other creditors | 8,500 |  | 8,300 |  |

166,149 |  | 161,898 |  |

9. | CONTINGENT LIABILITIES

| The company has provided guarantees over creditors of Media Based Attractions Limited, the company's parent undertaking, amounting to £2,416,000 (2023 - £2,666,000) and creditors of Simworx Limited, a fellow subsidiary undertaking of Media Based Attractions Limited, amounting to £63,147 (2023 - £297,140).

10. | 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 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.

11. | 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.