2024-10-07 2025-12-31 2025-12-31 false 16002564 RABBIT HOLE LABS LIMITED 2026-07-07 62012 false iso4217:GBP xbrli:pure 16002564 2024-10-06 16002564 2025-12-31 16002564 2024-10-07 2025-12-31 16002564 2024-10-05 16002564 2024-10-06 16002564 2024-10-06 2024-10-06 16002564 bus:SmallEntities 2024-10-07 2025-12-31 16002564 bus:AuditExempt-NoAccountantsReport 2024-10-07 2025-12-31 16002564 bus:FullAccounts 2024-10-07 2025-12-31 16002564 bus:PrivateLimitedCompanyLtd 2024-10-07 2025-12-31 16002564 core:WithinOneYear 2025-12-31 16002564 core:AfterOneYear 2025-12-31 16002564 core:WithinOneYear 2024-10-06 16002564 core:AfterOneYear 2024-10-06 16002564 core:ShareCapital 2025-12-31 16002564 core:SharePremium 2025-12-31 16002564 core:RevaluationReserve 2025-12-31 16002564 core:OtherReservesSubtotal 2025-12-31 16002564 core:RetainedEarningsAccumulatedLosses 2025-12-31 16002564 core:ShareCapital 2024-10-06 16002564 core:SharePremium 2024-10-06 16002564 core:RevaluationReserve 2024-10-06 16002564 core:OtherReservesSubtotal 2024-10-06 16002564 core:RetainedEarningsAccumulatedLosses 2024-10-06 16002564 core:LandBuildings 2025-12-31 16002564 core:PlantMachinery 2025-12-31 16002564 core:Vehicles 2025-12-31 16002564 core:FurnitureFittings 2025-12-31 16002564 core:OfficeEquipment 2025-12-31 16002564 core:NetGoodwill 2025-12-31 16002564 core:IntangibleAssetsOtherThanGoodwill 2025-12-31 16002564 core:ListedExchangeTraded 2025-12-31 16002564 core:UnlistedNon-exchangeTraded 2025-12-31 16002564 core:LandBuildings 2024-10-06 16002564 core:PlantMachinery 2024-10-06 16002564 core:Vehicles 2024-10-06 16002564 core:FurnitureFittings 2024-10-06 16002564 core:OfficeEquipment 2024-10-06 16002564 core:NetGoodwill 2024-10-06 16002564 core:IntangibleAssetsOtherThanGoodwill 2024-10-06 16002564 core:ListedExchangeTraded 2024-10-06 16002564 core:UnlistedNon-exchangeTraded 2024-10-06 16002564 core:LandBuildings 2024-10-07 2025-12-31 16002564 core:PlantMachinery 2024-10-07 2025-12-31 16002564 core:Vehicles 2024-10-07 2025-12-31 16002564 core:FurnitureFittings 2024-10-07 2025-12-31 16002564 core:OfficeEquipment 2024-10-07 2025-12-31 16002564 core:NetGoodwill 2024-10-07 2025-12-31 16002564 core:IntangibleAssetsOtherThanGoodwill 2024-10-07 2025-12-31 16002564 core:ListedExchangeTraded 2024-10-07 2025-12-31 16002564 core:UnlistedNon-exchangeTraded 2024-10-07 2025-12-31 16002564 core:MoreThanFiveYears 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments 2025-12-31 16002564 core:Non-currentFinancialInstruments 2024-10-06 16002564 dpl:CostSales 2024-10-07 2025-12-31 16002564 dpl:DistributionCosts 2024-10-07 2025-12-31 16002564 core:LandBuildings 2024-10-07 2025-12-31 16002564 core:PlantMachinery 2024-10-07 2025-12-31 16002564 core:Vehicles 2024-10-07 2025-12-31 16002564 core:FurnitureFittings 2024-10-07 2025-12-31 16002564 core:OfficeEquipment 2024-10-07 2025-12-31 16002564 dpl:AdministrativeExpenses 2024-10-07 2025-12-31 16002564 core:NetGoodwill 2024-10-07 2025-12-31 16002564 core:IntangibleAssetsOtherThanGoodwill 2024-10-07 2025-12-31 16002564 dpl:GroupUndertakings 2024-10-07 2025-12-31 16002564 dpl:ParticipatingInterests 2024-10-07 2025-12-31 16002564 dpl:GroupUndertakings core:ListedExchangeTraded 2024-10-07 2025-12-31 16002564 core:ListedExchangeTraded 2024-10-07 2025-12-31 16002564 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-10-07 2025-12-31 16002564 core:UnlistedNon-exchangeTraded 2024-10-07 2025-12-31 16002564 dpl:CostSales 2024-10-06 2024-10-06 16002564 dpl:DistributionCosts 2024-10-06 2024-10-06 16002564 core:LandBuildings 2024-10-06 2024-10-06 16002564 core:PlantMachinery 2024-10-06 2024-10-06 16002564 core:Vehicles 2024-10-06 2024-10-06 16002564 core:FurnitureFittings 2024-10-06 2024-10-06 16002564 core:OfficeEquipment 2024-10-06 2024-10-06 16002564 dpl:AdministrativeExpenses 2024-10-06 2024-10-06 16002564 core:NetGoodwill 2024-10-06 2024-10-06 16002564 core:IntangibleAssetsOtherThanGoodwill 2024-10-06 2024-10-06 16002564 dpl:GroupUndertakings 2024-10-06 2024-10-06 16002564 dpl:ParticipatingInterests 2024-10-06 2024-10-06 16002564 dpl:GroupUndertakings core:ListedExchangeTraded 2024-10-06 2024-10-06 16002564 core:ListedExchangeTraded 2024-10-06 2024-10-06 16002564 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-10-06 2024-10-06 16002564 core:UnlistedNon-exchangeTraded 2024-10-06 2024-10-06 16002564 core:NetGoodwill 2025-12-31 16002564 core:IntangibleAssetsOtherThanGoodwill 2025-12-31 16002564 core:LandBuildings 2025-12-31 16002564 core:PlantMachinery 2025-12-31 16002564 core:Vehicles 2025-12-31 16002564 core:FurnitureFittings 2025-12-31 16002564 core:OfficeEquipment 2025-12-31 16002564 core:AfterOneYear 2025-12-31 16002564 core:WithinOneYear 2025-12-31 16002564 core:ListedExchangeTraded 2025-12-31 16002564 core:UnlistedNon-exchangeTraded 2025-12-31 16002564 core:ShareCapital 2025-12-31 16002564 core:SharePremium 2025-12-31 16002564 core:RevaluationReserve 2025-12-31 16002564 core:OtherReservesSubtotal 2025-12-31 16002564 core:RetainedEarningsAccumulatedLosses 2025-12-31 16002564 core:NetGoodwill 2024-10-06 16002564 core:IntangibleAssetsOtherThanGoodwill 2024-10-06 16002564 core:LandBuildings 2024-10-06 16002564 core:PlantMachinery 2024-10-06 16002564 core:Vehicles 2024-10-06 16002564 core:FurnitureFittings 2024-10-06 16002564 core:OfficeEquipment 2024-10-06 16002564 core:AfterOneYear 2024-10-06 16002564 core:WithinOneYear 2024-10-06 16002564 core:ListedExchangeTraded 2024-10-06 16002564 core:UnlistedNon-exchangeTraded 2024-10-06 16002564 core:ShareCapital 2024-10-06 16002564 core:SharePremium 2024-10-06 16002564 core:RevaluationReserve 2024-10-06 16002564 core:OtherReservesSubtotal 2024-10-06 16002564 core:RetainedEarningsAccumulatedLosses 2024-10-06 16002564 core:NetGoodwill 2024-10-05 16002564 core:IntangibleAssetsOtherThanGoodwill 2024-10-05 16002564 core:LandBuildings 2024-10-05 16002564 core:PlantMachinery 2024-10-05 16002564 core:Vehicles 2024-10-05 16002564 core:FurnitureFittings 2024-10-05 16002564 core:OfficeEquipment 2024-10-05 16002564 core:AfterOneYear 2024-10-05 16002564 core:WithinOneYear 2024-10-05 16002564 core:ListedExchangeTraded 2024-10-05 16002564 core:UnlistedNon-exchangeTraded 2024-10-05 16002564 core:ShareCapital 2024-10-05 16002564 core:SharePremium 2024-10-05 16002564 core:RevaluationReserve 2024-10-05 16002564 core:OtherReservesSubtotal 2024-10-05 16002564 core:RetainedEarningsAccumulatedLosses 2024-10-05 16002564 core:AfterOneYear 2024-10-07 2025-12-31 16002564 core:WithinOneYear 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments core:CostValuation 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-10-07 2025-12-31 16002564 core:Non-currentFinancialInstruments core:CostValuation 2025-12-31 16002564 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-12-31 16002564 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-12-31 16002564 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-12-31 16002564 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-12-31 16002564 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-12-31 16002564 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-12-31 16002564 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-12-31 16002564 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-12-31 16002564 core:Non-currentFinancialInstruments core:CostValuation 2024-10-06 16002564 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-10-06 16002564 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-10-06 16002564 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-10-06 16002564 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-10-06 16002564 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-10-06 16002564 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-10-06 16002564 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-10-06 16002564 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-10-06 16002564 bus:Director1 2024-10-07 2025-12-31 16002564 bus:Director2 2024-10-07 2025-12-31 16002564 bus:Director3 2024-10-07 2025-12-31 16002564 bus:Director4 2024-10-07 2025-12-31 16002564 1 2024-10-07 2025-12-31

RABBIT HOLE LABS LIMITED

Registered Number
16002564
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2025

RABBIT HOLE LABS LIMITED
Company Information
for the period from 7 October 2024 to 31 December 2025

Directors | ANDERSON HACKNEY, Justin
| BLUME, Benjamin Adam
| COLLINS, Xavier Noble
| KEEGAN, Allison Mc Gowen

Registered Address | 86-90 Paul Street
| London
| EC2A 4NE

Registered Number | 16002564 (England and Wales)

RABBIT HOLE LABS LIMITED
Balance Sheet as at
31 December 2025

| Notes | 2025
--- | --- | ---
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 |  |  | 87,662
Tangible assets | 4 |  |  | 49,538
|  |  |  | 137,200
Current assets |  |  |  |
Debtors | 6 | 404,190 |  |
Cash at bank and on hand |  | 9,651,757 |  |
|  | 10,055,947 |  |
Creditors amounts falling due within one year | 7 | (71,988) |  |
Net current assets (liabilities) |  |  |  | 9,983,959
Total assets less current liabilities |  |  |  | 10,121,159
Net assets |  |  |  | 10,121,159
Capital and reserves |  |  |  |
Called up share capital |  |  |  | 179
Share premium |  |  |  | 11,356,160
Other reserves |  |  |  | 75,258
Profit and loss account |  |  |  | (1,310,438)
Shareholders' funds |  |  |  | 10,121,159

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 July 2026, and are signed on its behalf by:
COLLINS, Xavier Noble Director Registered Company No. 16002564

RABBIT HOLE LABS LIMITED
Notes to the Financial Statements
for the period ended 31 December 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Going concern
--- | ---
| After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

| Share-based payments
--- | ---
| Share-based payments are accounted for as an equity-settled transaction in accordance with FRS 102 Section 26. The fair value of the options at the grant date is recognised as an expense over the vesting period, with a corresponding credit to equity.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Intangible assets
--- | ---
| Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is provided on all intangible fixed assets as follows: Intellectual property - 10 years straight-line

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Office Equipment | 4

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

| Government grants or assistance
--- | ---
| Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. The Research and Development Expenditure Credit (RDEC) is recognised as a government grant in accordance with FRS 102 Section 24. The gross RDEC credit is recognised within other income in the profit and loss account in the period to which the qualifying expenditure relates and the associated corporation tax is included within the tax charge for the period.

2. | Average number of employees
--- | ---

|  | 2025
| Average number of employees during the year | 9

3. | Intangible assets
--- | ---

|  | Other |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| Additions | 89,678 |  | 89,678
| At 31 December 25 | 89,678 |  | 89,678
| Amortisation and impairment
| Charge for year | 2,016 |  | 2,016
| At 31 December 25 | 2,016 |  | 2,016
| Net book value
| At 31 December 25 | 87,662 |  | 87,662
| At 06 October 24 | - |  | -

4. | Tangible fixed assets
--- | ---

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| Additions | 55,472 |  | 55,472
| Disposals | (275) |  | (275)
| At 31 December 25 | 55,197 |  | 55,197
| Depreciation and impairment
| Charge for year | 5,720 |  | 5,720
| On disposals | (61) |  | (61)
| At 31 December 25 | 5,659 |  | 5,659
| Net book value
| At 31 December 25 | 49,538 |  | 49,538
| At 06 October 24 | - |  | -

5. | Fixed asset investments
--- | ---
| During the period, the company invested in Wonder Studios Inc., a company incorporated in the United States, acquiring a 100% equity interest for a total consideration of $0.01. The company is a parent company that is exempt from the requirement to prepare consolidated financial statements by virtue of section 399 of the Companies Act 2006. The group headed by the company qualifies as a small group and the directors have therefore elected not to prepare consolidated group accounts

6. | Debtors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Trade debtors / trade receivables | 61,801
| Amounts owed by group undertakings | 2,925
| Amounts owed by associates and joint ventures / participating interests | 1,020
| Other debtors | 259,357
| Prepayments and accrued income | 79,087
| Total | 404,190

| Included within Amounts owed by group undertakings is an inter-company loan totalling £2,925 owed by a subsidiary company, Wonder Studios Inc, based in the United States of America. The loan is unsecured, interest-free and repayable on demand. Included within Amounts owed by associates and joint ventures / participating interests is a loan totalling £1,020 owed by a related party company, Realdreams.io Ltd, based in the United Kingdom. The loan is unsecured, interest-free and repayable on demand.

7. | Creditors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Trade creditors / trade payables | 59,138
| Other creditors | 5,350
| Accrued liabilities and deferred income | 7,500
| Total | 71,988

8. | Events after reporting date
--- | ---
| After the period end, on 7 January 2026, Ziv Reichert was appointed as Director of the Company. After the period end, on 24 March 2026, 13,569 options over Ordinary shares with an exercise price of £2.1621 were granted over 4 years. 26,451 options over Ordinary shares with an exercise price of £4.9093 ($6.57) were granted over 4 years. A further 344 options over Ordinary shares with an exercise price of £2.1621 were granted over 1 year.

9. | Further information regarding the company's financial position
--- | ---
| These financial statements are prepared from incorporation on 7 October 2024 to 31 December 2025, and are the first set of financial statements presented for the company. During the period, the company established an equity-settled share option scheme to incentivise key employees. Under the plan,16,461 options with an exercise price of £1.1975 ($1.61) and fair value of £6.808172 ($9.15) were granted over 4 years. 33,548 options with an exercise price of £0.0001 and a fair value of £6.808172 ($9.15) were granted over 4 years. A further 4,368 options with an exercise price of £0.0001 and a fair value of £6.808172 ($9.15) were granted over 1 year. The fair value of the share options has been valued at £6.808172 ($9.15) based on the 2025 funding round undertaken during the period. The weighted average exercise price of the share options outstanding and exercisable as at 31 December 2025 was £0.362569. The value of the options that vested in the period was £75,258 and this was charged to the profit and loss. The total carrying amount is £75,258 recognised in the share-based payment reserve within equity.