Company No: 11569669 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Debtors	4	1,926,731		1,919,968
Cash at bank and in hand		452,318		113,303
		2,379,049		2,033,271
Creditors: amounts falling due within one year	5	( 109,530)		( 386,284)
Net current assets		2,269,519		1,646,987
Total assets less current liabilities		2,269,519		1,646,987
Net assets		2,269,519		1,646,987
Capital and reserves
Called-up share capital	6	1		1
Profit and loss account		2,269,518		1,646,986
Total shareholder's funds		2,269,519		1,646,987

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

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Design Works Gaming (UK) Ltd (registered number: 11569669) were approved and authorised for issue by the Director on 18 August 2026. They were signed on its behalf by:

Troy Michael Zurawski 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

Design Works Gaming (UK) Ltd (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 Manor House, Howbery Park, Benson Lane, Wallingford, OX10 8BA, United Kingdom.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

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 Balance Sheet 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 except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

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

Plant and machinery etc.

0 - 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	11,214		11,214
At 31 December 2025	11,214		11,214
Accumulated depreciation
At 01 January 2025	11,214		11,214
At 31 December 2025	11,214		11,214
Net book value
At 31 December 2025	0		0
At 31 December 2024	0		0

4. Debtors

	2025		2024
	£		£
Trade debtors	197,085		182,919
Amounts owed by Parent undertakings	1,687,169		1,565,108
Prepayments and accrued income	40,575		168,307
VAT recoverable	1,902		3,634
	1,926,731		1,919,968

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	4,118		2,820
Accruals	10,913		27,756
Taxation and social security	94,499		355,708
	109,530		386,284

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

7. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Balance owed by parent company	1,687,169		1,565,108

8. Events after the Balance Sheet date

On 1st April 2026 this company and its parent company were acquired by:
Boyd Gaming Corporation,
6465 South Rainbow Boulevard
Las Vegas
NV 89118

9. Ultimate controlling party

Parent Company:

Design Works Studios LLC

Suite 500 7150 E Camelback Road Scottsdale Arizona United States 85251

The above is the ultimate controlling party at the balance sheet date.