REGISTERED NUMBER: SC306873 (Scotland)

Play Fab Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Hoenigmann

SECRETARY:

Whitelaw Wells

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC306873 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Clydesdale Bank PLC

(trading as Virgin Money)

83 George Street

Edinburgh

EH2 3ES

FIXED ASSETS

Intangible assets

4

-

1,511

Tangible assets

5

29,937

20,239

29,937

21,750

CURRENT ASSETS

Stocks

8,345

86,119

Debtors

6

194,464

32,709

Cash at bank

-

39,417

202,809

158,245

CREDITORS

Amounts falling due within one year

7

119,913

109,120

NET CURRENT ASSETS

82,896

49,125

TOTAL ASSETS LESS CURRENT LIABILITIES

112,833

70,875

PROVISIONS FOR LIABILITIES

3,657

4,283

NET ASSETS

109,176

66,592

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

109,076

66,492

SHAREHOLDERS' FUNDS

109,176

66,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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.

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 14 May 2026 and were signed by:

Mr P Hoenigmann - Director

1.	STATUTORY INFORMATION

Play Fab 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 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 and revenue recognition

Turnover represents the invoiced sale of recreational play park equipment, excluding value added tax.

Revenue is recognised on delivery of the recreational play park equipment.

Goodwill

Goodwilll, being the amount paid in connection with the acquisition of the name and intellectual property and customer list and intangible assets of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 20% on cost and 2% on 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 has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

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 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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

18,286

AMORTISATION

At 1 January 2025

16,775

Charge for year

1,511

At 31 December 2025

18,286

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

1,511

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

28,078

Additions

19,855

Disposals

(3,507

)

At 31 December 2025

44,426

DEPRECIATION

At 1 January 2025

7,839

Charge for year

7,266

Eliminated on disposal

(616

)

At 31 December 2025

14,489

NET BOOK VALUE

At 31 December 2025

29,937

At 31 December 2024

20,239

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

188,580

29,974

Amounts owed by group undertakings

36

2,474

Amounts owed by participating interests

261

261

Other debtors

5,587

-

194,464

32,709

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

865

-

Trade creditors

69,165

97,873

Taxation and social security

46,824

8,307

Other creditors

3,059

2,940

119,913

109,120

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

30,000

-

Between one and five years

6,250

-

36,250

-

9.	ULTIMATE CONTROLLING PARTY

AH27 Holdings Ltd (SC840214) is regarded by the director as being the company's ultimate parent company. Prior to 2 June 2025 the company's ultimate parent company was Inclusive Play (UK) Limited (SC301254).

10.

SECURITY

The Clydesdale Bank PLC holds a Floating Charge over the assets of the company.