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REGISTERED NUMBER: 06727194 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

DEFINITE PLAY LTD

DEFINITE PLAY LTD (REGISTERED NUMBER: 06727194)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DEFINITE PLAY LTD

Company Information
for the year ended 31 October 2024







DIRECTOR: A J C Connell





REGISTERED OFFICE: 48 Warwick Street
London
W1B 5AW





REGISTERED NUMBER: 06727194 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Definite Play Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Definite Play Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Definite Play Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Definite Play Ltd and state those matters that we have agreed to state to the director of Definite Play Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Definite Play Ltd and its director for our work or for this report.

It is your duty to ensure that Definite Play Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Definite Play Ltd. You consider that Definite Play Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Definite Play Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


1 July 2025

DEFINITE PLAY LTD (REGISTERED NUMBER: 06727194)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,194 3,193
Investments 5 50 50
3,244 3,243

CURRENT ASSETS
Stocks 449,219 253,724
Debtors 6 661,982 820,249
Cash at bank 104,879 103,664
1,216,080 1,177,637
CREDITORS
Amounts falling due within one year 7 213,910 202,392
NET CURRENT ASSETS 1,002,170 975,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,005,414

978,488

CREDITORS
Amounts falling due after more than one
year

8

(138,633

)

(229,033

)

PROVISIONS FOR LIABILITIES 10 (738 ) (798 )
NET ASSETS 866,043 748,657

CAPITAL AND RESERVES
Called up share capital 11 100 100
Capital redemption reserve 23,000 23,000
Retained earnings 842,943 725,557
SHAREHOLDERS' FUNDS 866,043 748,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DEFINITE PLAY LTD (REGISTERED NUMBER: 06727194)

Balance Sheet - continued
31 October 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 director and authorised for issue on 1 July 2025 and were signed by:





A J C Connell - Director


DEFINITE PLAY LTD (REGISTERED NUMBER: 06727194)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Definite Play Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding Value Added Tax. Revenue is recognised when goods are dispatched.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

DEFINITE PLAY LTD (REGISTERED NUMBER: 06727194)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 1,856 10,524 12,380
Additions - 2,506 2,506
At 31 October 2024 1,856 13,030 14,886
DEPRECIATION
At 1 November 2023 742 8,445 9,187
Charge for year 371 2,134 2,505
At 31 October 2024 1,113 10,579 11,692
NET BOOK VALUE
At 31 October 2024 743 2,451 3,194
At 31 October 2023 1,114 2,079 3,193

DEFINITE PLAY LTD (REGISTERED NUMBER: 06727194)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 50
NET BOOK VALUE
At 31 October 2024 50
At 31 October 2023 50

The company holds 33% of the issued share capital in Property Scene Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 527,693 403,039
Amounts owed by group undertakings - 256,924
Other debtors 134,289 160,286
661,982 820,249

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 119,458 115,360
Trade creditors 4,200 613
Amounts owed to group undertakings 2,998 -
Taxation and social security 85,334 86,419
Other creditors 1,920 -
213,910 202,392

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 138,633 229,033

The bank loan balance relates to a government backed business interruption loan.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 229,033 319,433

HSBC holds a fixed and floating charge over all assets.

DEFINITE PLAY LTD (REGISTERED NUMBER: 06727194)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 738 798

Deferred
tax
£   
Balance at 1 November 2023 798
Accelerated capital allowances (60 )
Balance at 31 October 2024 738

The deferred tax liability relates wholly to accelerated capital allowances.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
Value: £ £
85 Ordinary £1 85 85
5 A Ordinary £1 5 5
10 C Ordinary £1 10 10
100 100

Ordinary shares have full voting rights, full equity rights, full dividend rights and are non redeemable.

A Ordinary shares have full voting rights, full equity rights, no dividend rights and are non redeemable.

C Ordinary shares have full voting rights, full equity rights, are non redeemable and only entitled to equity rights.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date a director owed the company £99,833 (2023: £100,694). Advances of £107,842 (2023: £121,785) and repayments of £108,703 (2023: £110,088) were made in the year.

Interest was charged on the loan to the director at 2.25%. The loan has no set repayment terms.