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Registered number:
FOR THE PERIOD ENDED 30 MARCH 2025
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PARTISAN WORK LIMITED
CONTENTS
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PARTISAN WORK LIMITED
COMPANY INFORMATION
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PARTISAN WORK LIMITED
GROUP STRATEGIC REPORT
FOR THE PERIOD ENDED 30 MARCH 2025
The directors present their strategic report on the group for the period ended 30 March 2025. The principal activity of the group during the period continued to be that of operating the Fairgame competitive socialising business.
During the year the business traded as Fairgame at Canary Wharf. At this venue the business generates sales from games, drinks sales and food sales.
This was the business’ second full year of trading and the directors were pleased with the continued strong level of sales and the general trading performance. Turnover in the period increased to £14,364,725 compared to £10,567,288 (restated) in the previous period. Gross profit in the period increased to £9,895,577 compared to £7,495,540 in the previous period. Profit before tax in the period decreased to £874,657 for the period compared to a profit of £1,982,568 in the previous period. On 30 August 2024 Partisan Work Limited acquired the trade and assets of Bob's Space Racers, Inc., a manufacturer of amusement games located in Florida, USA. The trade and assets were acquired by a newly incorporated USA subsidiary of Partisan Work Limited. Following the acquisition there was an exchange of company names whereby the newly incorporated USA subsidiary became Bob’s Space Racers, Inc. There have subsequently been no material changes to the management or operations of Bob's Space Racers, Inc., and there are no changes planned in the future. Bob's Space Racers, Inc. has been a supplier to Partisan Work Limited and group subsidiaries since the launch of a first venue in Canary Wharf and as at the year end date of 30 March 2025 is manufacturing amusement games for use in a second venue at One New Change, London. On 18 November 2025, Partisan Work Limited and all group subsidiaries were acquired by Tenpin Entertainment Limited, a UK based hospitality venue operator. As a result of this acquisition there were a number of changes to the Directors of the company but there are no envisaged changes to the operations or management of Partisan Work Limited or any of its subsidiaries.
The business plans in the future are to open further venues trading as Fairgame.
Whilst the UK economic environment has been relatively weak, Fairgame has continued to trade very strongly. The directors believe this is a reflection of the underlying appeal of Fairgame to customers.
The group manages its credit risk by establishing credit limits for customers. The business buys some products from outside the UK, mainly in US Dollars, and therefore keeps a reasonable balance of monies in US Dollar accounts to avoid any undue exchange rate exposure.
The directors monitor operating gross margins at gross, labour and ebitda levels on a weekly and monthly basis. In addition they review a number of other relevant financial and non-financial key performance indicators as well as customer feedback. During the period all margins were at levels that the directors regard as very satisfactory.
The group ended the period with cash of £3,210,786 compared to £4,209,587 at the end of the previous period.
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PARTISAN WORK LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 30 MARCH 2025
The directors are committed to promoting the health, safety and welfare of their staff and continue to ensure appropriate measures are undertaken in this regard. The business organises regular events and initiatives to enhance staff engagement.
The directors are mindful of environmental issues and have sought to minimise the impact of the group's activities on the environment through, for example, regularly monitoring and takin measures to control energy consumption.
This report was approved by the board and signed on its behalf.
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PARTISAN WORK LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 30 MARCH 2025
The directors present their report and the financial statements for the period ended 30 March 2025.
The profit for the period, after taxation, amounted to £789,341 (2024 - £1,496,756).
The directors do not recommend a dividend.
The directors who served during the period were:
On 18 November 2025, J Beckett, B E Liss, M S Willis, and T J Cowan were appointed as directors of the Company.
As permitted by s414c(11) of the Companies Act 2006, the directors have elected to disclose information, required to be in the directors' report by Schedule 7 of the 'Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008', in the strategic report.
The company has made qualifying third party indemnity provisions for the benefit of its directors which remain in force at the date of this report.
In August 2025 the Group began trading from its One New Change, London venue as Fairgame.
In the post balance sheet period, on 18 November 2025, 100% of the share capital of Partisan Work Limited was acquired by Tenpin Entertainment Limited, a company registered in England and Wales whose registered office is Aragon House, University Way, Cranfield Technology Park, Cranfield, Bedford, England, MK43 0EQ.
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PARTISAN WORK LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 30 MARCH 2025
This report was approved by the board and signed on its behalf.
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PARTISAN WORK LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 30 MARCH 2025
The directors are responsible for preparing the group strategic report, the directors' report and the consolidated financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are 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 directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group 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 the Group 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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PARTISAN WORK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PARTISAN WORK LIMITED
FOR THE PERIOD ENDED 30 MARCH 2025
We have audited the financial statements of Partisan Work Limited (the 'parent company') and its subsidiaries (the 'Group') for the period ended 30 March 2025, which comprise the consolidated profit and loss account, the consolidated balance sheet, the company balance sheet, the consolidated statement of cash flows, the consolidated statement of changes in equity, the company 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).
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 Auditor's 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 United Kingdom, including the Financial Reporting Council'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 qualified opinion.
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 Group's or 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 directors with respect to going concern are described in the relevant sections of this report.
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PARTISAN WORK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PARTISAN WORK LIMITED (CONTINUED)
FOR THE PERIOD ENDED 30 MARCH 2025
The other information comprises the information included in the annual report other than the financial statements and our auditor's 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.
Except for the matter described in the Basis for qualified opinion section of our report, in our opinion, based on the work undertaken in the course of the audit:
∙the information given in the group strategic report and the directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
∙the group strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
Except for the matter described in the Basis for qualified opinion section of our report, 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 directors' report.
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PARTISAN WORK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PARTISAN WORK LIMITED (CONTINUED)
FOR THE PERIOD ENDED 30 MARCH 2025
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 auditor's 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 Group 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 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 hospitality 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 and the group, including the Companies Act 2006, taxation legislation and 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
∙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 and the group'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; and
∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
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;
∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
∙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;
∙reading the minutes of meetings of those charged with governance;
∙enquiring of management as to actual and potential litigation and claims; and
∙reviewing correspondence with HM Revenue and Customs and relevant regulators.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations
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PARTISAN WORK LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PARTISAN WORK LIMITED (CONTINUED)
FOR THE PERIOD ENDED 30 MARCH 2025
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
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 auditor's 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 auditor's 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.
for and on behalf of
Chartered Accountants
Statutory Auditor
16 Great Queen Street
Covent Garden
WC2B 5AH
Date:
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PARTISAN WORK LIMITED
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 30 MARCH 2025
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PARTISAN WORK LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30 MARCH 2025
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PARTISAN WORK LIMITED
CONSOLIDATED BALANCE SHEET
AS AT 30 MARCH 2025
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PARTISAN WORK LIMITED
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 19 to 45 form part of these financial statements.
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PARTISAN WORK LIMITED
COMPANY BALANCE SHEET
AS AT 30 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 19 to 45 form part of these financial statements.
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