THE FOUNDRY VISIONMONGERS LTD.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company meets its day-to-day working capital requirements through on-going operating cash flow. Our cash projections, taking into account possible fluctuation in trading performance, indicate that the business will have sufficient cash to operate as planned while maintaining significant cash headroom. The directors have carried out detailed stress tests based on a scenario with no incremental new sales and also how far costs would need to increase before the Company recorded a $nil EBITDA balance. After undergoing this exercise, the directors are comfortable that both these scenarios and one where the Company finds itself with insufficient cash reserves are remote. The directors have, at the point of approving the financial statements, a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, having taken into account the uncertainties referred to above, they consider it appropriate to continue to adopt the going concern basis in preparing the annual report and accounts.”

Group structure

1. THE FOUNDRY VISIONMONGERS LTD. · parent
   1. Foundry Visionmongers (Ireland) Limited 100% · Ireland

Significant events

• “As at 1 January 2024, both the functional and presentational currency of the Company changed to US Dollars ($) from Pound Sterling (£). Further details are outlined in Note 1 to the financial statements.”
• “Revenues decreased by 9.9% (2023 – 0.2% increased) from $82,891k to $74,636k. This decrease was due to the prolonged disruption to post-production VFX work following the American actor's union SAG-AFTRA and the Writers Guild of America strikes in 2023.”
• “The Company released several product updates during the year, including a significant release of our flagship compositing product Nuke (Nuke 15.1).”
• “R&D expenditure totalled $11,108k (2023 - $9,818k).”
• “Cash at bank and in hand decreased by 23.4% (2023-44% decrease) from $34,811k to $26,667k due to a cash dividend of $40,715k paid to Roper NL1 UK Limited on the 19 December 2024.”
• “The impairment loss recognised on intangible assets in the period was $507k (2023 - $nil) and is included in administrative expenses in the income statement. The impairment loss arose following the Company's public announcement on 7 November 2024 that it would wind down development of Modo (3D modelling tool).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.