REGISTERED NUMBER: SC597416 (Scotland)

Group Strategic Report,

Report of the Director and

Consolidated Financial Statements

for the Year Ended

31 March 2025

for

WONDERWORLD HOLDINGS LTD

Page

Company Information

1

Group Strategic Report

2

Report of the Director

3

Report of the Independent Auditors

5

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

12

Consolidated Statement of Changes in Equity

13

Company Statement of Changes in Equity

14

Consolidated Cash Flow Statement

15

Notes to the Consolidated Cash Flow Statement

16

Notes to the Consolidated Financial Statements

18

DIRECTOR:

Dr A Faqir

REGISTERED OFFICE:

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

REGISTERED NUMBER:

SC597416 (Scotland)

AUDITORS:

WDM Associates (Statutory Auditors)

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

The director presents his strategic report of the company and the group for the year ended 31 March 2025.

REVIEW OF BUSINESS

The trading subsidiaries operate soft play centres, inflatable and trampoline parks throughout the UK.

The business performed well during a challenging year. Turnover for the year fell by 7.6% to £10,512,525 with a loss before taxation of £472,849 recorded. Cost pressures, particularly around payroll costs, with a 10% minimum wage increase combined with difficult macro economic conditions had an impact on footfall and margins across the sector.

Additionally a number of one off events impacted on the group's performance. These included costs of circa £175,000 settling a long running legal dispute, conclusion of multiple rent and building insurance reviews across sites in Edinburgh, Glasgow and East Kilbride which has added one off costs of circa £500,000 and an ongoing rates review at the Wester Hailes site which, if successful, will reduce costs by circa £150,000.

In total these 'exceptional' costs of £825,000 would need to be added back to give a representative view of future profitability.Once added back in 2025 this would result in an underlying EBITDA of £1.39million for the year.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors view the principal risks to the business as being related to macro economic issues. Increased wage costs as a result of increases to employers national insurance and minimum wage rates combined with customers

disposable income decreasing has resulted in challenging trading conditions. The directors believe that the company's healthy reserves, diversity of customers and commitment to quality offering puts them in a strong position to withstand any economic downturn.

KEY PERFORMANCE INDICATORS

The directors monitor performance by focusing on some Key Performance Indicators which include profit by site, staff retention and cash flow. The directors remain closely involved with pricing and monitoring costs allowing them to monitor site profitability.

FUTURE DEVELOPMENTS

The company will continue to focus on growing demand and increasing profitability in existing sites. A period of high investment in sites will continue with a site in Southampton opening in April 2025. The director continues to look at potential new sites and is keen to grow the business.

ON BEHALF OF THE BOARD:

Director

23 December 2025

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of operating soft play facilities.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTOR

Dr A Faqir held office during the whole of the period from 1 April 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

No political donations were made by the group.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements 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 director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, WDM Associates (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Dr A Faqir - Director

23 December 2025

Opinion

We have audited the financial statements of WONDERWORLD HOLDINGS LTD (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, 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 our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2025 and of the group's loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's 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 group's and the parent 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

ur approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the computer component manufacturing and supply sector;

We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and

To address the risk of fraud through management bias and override of controls, we:

Performed analytical procedures to identify any unusual or unexpected relationships;

Tested journal entries to identify unusual transactions;

Investigated the rationale behind significant or unusual transactions;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Agreeing financial statement disclosures to underlying supporting documentation;

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 Report of the Auditors.

Use of our 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 a Report of the Auditors 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.

Graham Bonomy (Senior Statutory Auditor)

for and on behalf of WDM Associates (Statutory Auditors)

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

23 December 2025

TURNOVER

10,512,525

11,474,034

Cost of sales

(4,297,986

)

(4,748,587

)

GROSS PROFIT

6,214,539

6,725,447

Administrative expenses

(6,627,018

)

(5,966,696

)

(412,479

)

758,751

Other operating income

164,452

-

OPERATING (LOSS)/PROFIT

4

(248,027

)

758,751

Interest receivable and similar income

278

-

(247,749

)

758,751

Interest payable and similar expenses

5

(225,100

)

(242,536

)

(LOSS)/PROFIT BEFORE TAXATION

(472,849

)

516,215

Tax on (loss)/profit

6

(86,176

)

(620,170

)

LOSS FOR THE FINANCIAL YEAR

(559,025

)

(103,955

)

Loss attributable to:

Owners of the parent

(559,025

)

(103,955

)

LOSS FOR THE YEAR

(559,025

)

(103,955

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(559,025

)

(103,955

)

Total comprehensive income attributable to:

Owners of the parent

(559,025

)

(103,955

)

FIXED ASSETS

Intangible assets

8

161,147

203,165

Tangible assets

9

6,208,106

5,227,643

Investments

10

-

-

6,369,253

5,430,808

CURRENT ASSETS

Stocks

11

30,703

92,262

Debtors

12

1,340,561

1,667,026

Cash at bank and in hand

14,881

545,810

1,386,145

2,305,098

CREDITORS

Amounts falling due within one year

13

(2,972,952

)

(1,836,943

)

NET CURRENT (LIABILITIES)/ASSETS

(1,586,807

)

468,155

TOTAL ASSETS LESS CURRENT LIABILITIES

4,782,446

5,898,963

CREDITORS

Amounts falling due after more than one year

14

(2,056,804

)

(2,700,472

)

PROVISIONS FOR LIABILITIES

18

(706,346

)

(620,170

)

NET ASSETS

2,019,296

2,578,321

CAPITAL AND RESERVES

Called up share capital

19

126

126

Retained earnings

20

2,019,170

2,578,195

SHAREHOLDERS' FUNDS

2,019,296

2,578,321

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Dr A Faqir - Director

FIXED ASSETS

Intangible assets

8

-

-

Tangible assets

9

-

-

Investments

10

201

201

201

201

CURRENT ASSETS

Debtors

12

4,031,714

4,155,195

Cash at bank and in hand

26

84,467

4,031,740

4,239,662

CREDITORS

Amounts falling due within one year

13

(1,952,151

)

(1,536,333

)

NET CURRENT ASSETS

2,079,589

2,703,329

TOTAL ASSETS LESS CURRENT LIABILITIES

2,079,790

2,703,530

CREDITORS

Amounts falling due after more than one year

14

(2,051,806

)

(2,700,472

)

NET ASSETS

27,984

3,058

CAPITAL AND RESERVES

Called up share capital

19

126

126

Retained earnings

27,858

2,932

SHAREHOLDERS' FUNDS

27,984

3,058

Company's profit for the financial year

24,926

2,464

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Dr A Faqir - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

126

2,682,150

2,682,276

Changes in equity

Total comprehensive income

-

(103,955

)

(103,955

)

Balance at 31 March 2024

126

2,578,195

2,578,321

Changes in equity

Total comprehensive income

-

(559,025

)

(559,025

)

Balance at 31 March 2025

126

2,019,170

2,019,296

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

126

468

594

Changes in equity

Total comprehensive income

-

2,464

2,464

Balance at 31 March 2024

126

2,932

3,058

Changes in equity

Total comprehensive income

-

24,926

24,926

Balance at 31 March 2025

126

27,858

27,984

Cash flows from operating activities

Cash generated from operations

1

1,556,445

425,109

Interest paid

(224,773

)

(242,536

)

Interest element of hire purchase payments paid

(327

)

-

Net cash from operating activities

1,331,345

182,573

Cash flows from investing activities

Purchase of intangible fixed assets

-

(70,183

)

Purchase of tangible fixed assets

(1,752,269

)

(824,666

)

Interest received

278

-

Net cash from investing activities

(1,751,991

)

(894,849

)

Cash flows from financing activities

New loans in year

-

2,156,887

Loan repayments in year

(648,666

)

-

Repaid by associates

56,478

355,699

Capital repayments in year

7,497

-

Amount introduced by directors

206,236

250,000

Net cash from financing activities

(378,455

)

2,762,586

(Decrease)/increase in cash and cash equivalents

(799,101

)

2,050,310

Cash and cash equivalents at beginning of year

2

545,810

(1,504,500

)

Cash and cash equivalents at end of year

2

(253,291

)

545,810

1.	RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

(Loss)/profit before taxation

(472,849

)

516,215

Depreciation charges

813,824

841,691

Finance costs

225,100

242,536

Finance income

(278

)

-

565,797

1,600,442

Decrease in stocks

61,559

9,520

Decrease/(increase) in trade and other debtors

269,603

(530,405

)

Increase/(decrease) in trade and other creditors

659,486

(654,448

)

Cash generated from operations

1,556,445

425,109

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

14,881

545,810

Bank overdrafts

(268,172

)

-

(253,291

)

545,810

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

545,810

5,952

Bank overdrafts

-

(1,510,452

)

545,810

(1,504,500

)

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

545,810

(530,929

)

14,881

Bank overdrafts

-

(268,172

)

(268,172

)

545,810

(799,101

)

(253,291

)

Debt

Finance leases

-

(7,497

)

(7,497

)

Debts falling due within 1 year

(533,333

)

-

(533,333

)

Debts falling due after 1 year

(2,700,472

)

648,666

(2,051,806

)

(3,233,805

)

641,169

(2,592,636

)

Total

(2,687,995

)

(157,932

)

(2,845,927

)

1.	STATUTORY INFORMATION

WONDERWORLD HOLDINGS LTD is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover

Turnover represents income received for entry to the softplay facility, cafe sales and party income. All exclude value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost and 20% on reducing balance

Fixtures and fittings

-

20% on cost and 10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on cost and 20% on reducing balance

Stocks

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

Basic financial instruments

Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

2025

2024

£

£

Wages and salaries

3,659,038

3,818,455

Social security costs

180,581

182,970

Other pension costs

41,096

29,533

3,880,715

4,030,958

The average number of employees during the year was as follows:

2025

2024

On site

501

560

Head office

12

12

513

572

2025

2024

£

£

Director's remuneration

166,513

167,667

4.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

2025

2024

£

£

Other operating leases

1,198,950

702,244

Depreciation - owned assets

771,806

799,673

Goodwill amortisation

35,000

35,000

Patents and licences amortisation

7,018

7,018

Auditors' remuneration

15,610

9,500

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank interest

224,773

144,987

Bank loan interest

-

97,549

Hire purchase

327

-

225,100

242,536

6.

TAXATION

Analysis of the tax charge

The tax charge on the loss for the year was as follows:

2025

2024

£

£

Deferred tax

86,176

620,170

Tax on (loss)/profit

86,176

620,170

7.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.