PIXWARD GAMES LTD

Company Registration Number
14411879
(England and Wales)

Private limited company limited by shares
Registered office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom

Small Company Accounts (AMENDED)

For the Year Ended 31 October 2025

Prepared in accordance with the small companies regime
of the Companies Act 2006 and FRS 102

1

PIXWARD GAMES LTD

Contents

Balance Sheet 3
Statement of Compliance 4
Notes to the Financial Statements 5-10
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PIXWARD GAMES LTD

Balance sheet

As at 31 October 2025

2025
£		 2024
£
Called up share capital not paid 1,000 1,000
 
Current assets
Debtors 0 2,129
Investments 363 13,591
Cash at bank and in hand 166 15,587
529 31,307
 
Creditors: amounts falling due within one year (1,089,807) (1,253,934)
Net current assets (liabilities) (1,089,278) (1,222,627)
Total assets less current liabilities (1,088,278) (1,221,627)
Provisions for liabilities (11,404) 0
 
Total net assets (liabilities) (1,099,682) (1,221,627)
 
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (1,100,682) (1,222,627)
Shareholders' funds (1,099,682) (1,221,627)
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PIXWARD GAMES LTD

Balance sheet continued

For the year ending 31 October 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved by the Board of Directors and authorised for issue on 28 October 2026.

SHEVCHUK, Vadym
Director

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PIXWARD GAMES LTD

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. Accounting Policies

Turnover
Turnover is recognised when goods are delivered or services are provided.

Taxation
Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Debtors
Debtors are recognised at the settlement amount due.

Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors
Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event.

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PIXWARD GAMES LTD

Notes to the Financial Statements (continued)

2. Basis of Preparation

These financial statements have been prepared in accordance with the small companies regime of the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

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PIXWARD GAMES LTD

Notes to the Financial Statements (continued)

3. Employee Information

The average number of employees during the year was: 2

4. Off-balance sheet arrangements

The company had no off-balance sheet arrangements during the year.

5. Advances, credit and guarantees granted to directors

No advances or credit were granted to, and no guarantees were entered into on behalf of, the directors during the year.

6. Financial commitments, guarantees and contingencies

The company had no financial commitments, guarantees or contingencies that are not included in the balance sheet.

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PIXWARD GAMES LTD

Notes to the Financial Statements (continued)

7. Debtors

Debtors comprise amounts receivable at the balance sheet date.

2025
£		 2024
£
Trade and other debtors 0 2,129
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PIXWARD GAMES LTD

Notes to the Financial Statements (continued)

8. Creditors: Amounts Falling Due Within One Year

Creditors due within one year comprise obligations falling due within twelve months of the balance sheet date.

2025
£		 2024
£
Trade and other creditors due within one year (1,089,807) (1,253,934)
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PIXWARD GAMES LTD

Notes to the Financial Statements (continued)

9. Share capital

Allotted and called up:

Number 2025
£		 2024
£
Ordinary shares of £0.01 each 100,000 1,000 1,000

10. Related party transactions

2025 director finance interest-free, no repayments: £153430.62 (2024 £63521.82), including £5663.86 personal Immutable payment. Related-party Pixward Studios OU (15% shareholder) services £108281.41. Crypto at cost less impairment, outside cash. Comparative crypto/reserves down £30307.14: opening 2024 £4088.68; 2024 loss up £26218.46. Replaces December 2024 reserve debit £31110.63. £2043.47 credited to P&L as year-end crypto reconciliation, not cash. OpenLoot funding £928104.08 includes warrant set-off; repayments 50% gross revenue, cap US$7.3m. Creditors current absent 12-month deferral. Gate 50kUSDT security written off; no tax deduction. Immutable provision £11404.16: best estimate using later US$15000 account demand; earlier higher bills considered; timing/amount uncertain. Unallocated receipts £1049.25 included in income. Material going-concern uncertainty: net liabilities, limited cash; operations depend on director/creditor support and future finance.

10

Revised Accounts Statement

These revised accounts replace the accounts previously filed for the period ended 31 October 2025.

These accounts are now the statutory accounts for the period.

These accounts have been prepared as at 28 July 2026, the date of the original accounts.

Respects in which the previously filed accounts did not comply with the Companies Act 2006:
The accounts misstated director financing, digital-asset balances and opening reserves, and omitted marketplace income, related fees and a supplier obligation.

Significant amendments made:
Correct director loan and digital-asset balances; restate 2024 comparative crypto balances and reserves; recognise September marketplace sales and fees and an Immutable provision; update related-party and going-concern disclosures.

Date of approval of revision: 28 October 2026