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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2024
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LITTLE LION ENTERTAINMENT LIMITED
COMPANY INFORMATION
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LITTLE LION ENTERTAINMENT LIMITED
CONTENTS
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LITTLE LION ENTERTAINMENT LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their Strategic Report together with the audited financial statements for the year ended 31 December 2024.
Turnover increased by 7.3% to £6,512,872 (2023: £6,070,004). Loss before tax* was 127% above last year at -£762,707 (2022: -£336,353).
* The company wrote off in full £582,394 of debt relating to a former Group entity which was de-merged during 2023. The underlying year on year profit increase was primarily driven by revenue growth, partially offset by inflationary cost pressures. Revenue grew by widening demographic appeal and realising the sales conversion benefits of transitioning to a bespoke online ticketing platform from Q4.
The Company’s principal business risks are consumer and business confidence due to economic sentiment. The impact of general cost inflation has driven consumers to behave in a more considered manner when spending on leisure. The Government Budget announced in 2024 and enacted in April 2025 has markedly increased staff costs for all businesses, but SMEs in particular. This has impacted smaller group corporate sales demand and dented confidence in general.
The company’s principal financial risk is cash flow imbalance due to the above. The Directors do not consider liquidity or currency risks to be of significance.
The company considers its key performance indicators to be:
• EBITDA margin growth • Consumer revenue per cap • Corporate revenue mix growth • ROIC
This report was approved by the board on 29 September 2025 and signed on its behalf.
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LITTLE LION ENTERTAINMENT LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The loss for the year*, after taxation, amounted to £762,066 (2023 - loss £336,353).
*The company wrote off in full £582,394 of debt relating to a former Group entity which was de-merged during 2023.
Dividends paid during the year amounted to £Nil (2022: £Nil). The directors do not recommend the payment of a final dividend.
The directors who served during the year were:
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LITTLE LION ENTERTAINMENT LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
In 2025, the Group secured a substantial new funding package from a commercial bank to support expansion plans and the development of new content for the Arcade Arena platform.
The Company has identified 4 key pillars for future growth; 1) Own & Operate The Group remains focused on pursuing high-growth opportunities through owned and operated venues, offering full control and leveraging its expertise for optimal performance. Key areas of focus include expanding the UK estate, evaluating opportunities in North America, and exploring selective growth in Europe where conditions are favourable. 2) Game Development Arcade Arena’s adaptable content provides a strong competitive advantage, enabling sustained consumer engagement and long-term market relevance. Key initiatives include launching innovative new content with global partners, expanding international reach through new franchise agreements, and the successful rebranding of venues under the Arcade Arena platform. These advancements will solidify Arcade Arena’s position as a market leader in innovative and sustainable entertainment experiences. 3) Franchises The franchising model continues to deliver strong financial returns and global brand reach, complementing the Group’s owned operations. Building on past success, the Group will expand its international franchising activities, with dedicated resource now focused on generating new partnerships across key global markets. Arcade Arena will be the lead brand, supported by other established titles. 4) Optimising Existing Estate The Group’s established brands remain central to profitability and will continue to generate strong cash flow. Long-term brand partnerships have been secured on favourable terms, ensuring continued strength of the existing portfolio. The Group is committed to reinvesting in flagship venues, optimising operations, and working with key stakeholders to sustain the success of its estate.
There have been no significant events affecting the Company since the year end.
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LITTLE LION ENTERTAINMENT LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The auditors, Harris & Trotter LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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LITTLE LION ENTERTAINMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LITTLE LION ENTERTAINMENT LIMITED
We have audited the financial statements of Little Lion Entertainment Limited (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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LITTLE LION ENTERTAINMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LITTLE LION ENTERTAINMENT LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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LITTLE LION ENTERTAINMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LITTLE LION ENTERTAINMENT LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: • We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the industry in which it operates. We determined that the following laws and regulations were most significant: FRS 102 and the Companies Act 2006. • We obtained an understanding of how the Company is complying with those legal and regulatory frameworks by making enquiries of management. • We challenged assumptions and judgments made by management in its significant accounting estimates. We did not identify any key audit matters relating to irregularities, including fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
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LITTLE LION ENTERTAINMENT LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LITTLE LION ENTERTAINMENT LIMITED (CONTINUED)
for and on behalf of
Chartered Accountants
Statutory Auditors
101 New Cavendish Street
1st Floor South
W1W 6XH
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LITTLE LION ENTERTAINMENT LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
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LITTLE LION ENTERTAINMENT LIMITED
REGISTERED NUMBER: 09357386
BALANCE SHEET
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 12 to 22 form part of these financial statements.
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LITTLE LION ENTERTAINMENT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Little Lion Entertainment Limited is a private company, limited by shares, registered in England and Wales, registration number 09357386.
The principal activity of the Company is designing, developing, creating and operating an immersive theatre attraction. The financial statements are presented in Sterling, which is the functional currency of the company.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, can be found below..
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Upon a review management has decided to change the accounting policy for fixtures and fittings from
a straight line basis to a 10% reducing balance. This change in accounting policy was due to managements desire to better match the depreciation expense with the actual decline in value or utility of the assets.
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. required to make judgments, estimates and assumptions about the carrying values of assets and the liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revisions affect only that period, or in the period of the revisions and future periods if the revision affects both current and future periods.
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of turnover by country of destination:
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.Debtors (continued)
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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LITTLE LION ENTERTAINMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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