The directors present the strategic report for the period ended 31 August 2025.
The turnover of the group decreased to £10.0m in the 10 months to 31 August 2025, down from the previous financial year where turnover was £18.0m for the 14 months to 31 October 2024. The decrease reflected the sale of 4 of the group’s sites, Newport, Cardiff, Swansea and Warrington, where the sale completed at the start of the financial year. The difference in length of the accounting periods also led to a significant decrease in turnover. Despite this shorter accounting period, Profit before Tax increased by 68.1% to £1.0m (2024: £0.6m).
Future developments
The group has prioritised improving the efficiency of its operations since the year end to counteract the impact of government measures that have increased levels of National Minimum Wage, Employers’ National Insurance and Business Rates. In addition, the group is investing into improvements in its website and technology, introducing new product lines such as electronic darts and reviewing its pricing to increase revenue at existing sites. In October 2025, a new centre opened successfully in Festival Place, Basingstoke. This followed recent new sites in Aldershot and Wolverhampton that opened in September 2024 and May 2025 respectively. These 3 sites were formally transferred into the group on 1st September 2025 giving into an overall estate of 12 sites spread across England and Wales. The group’s plan is to continue to open new centres as attractive opportunities are presented and to continuously upgrade its existing sites.
The group's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The principal risks and uncertainties revolve around the economic outlook of the UK. Interest rates remain relatively high, and consumers disposable income is being squeezed. This may lead to a reduction in demand. In April 2025 increases in the minimum wage and increases in Employers National Insurance came in which will impact wage costs but the directors plan to use the benefit of improved efficiencies from investment in technology to counteract these costs.
Cash flow
Interest bearing liabilities are subject to variable interest rates.
Credit risk
The group's principal financial assets are bank balances and cash, and other receivables. The group's revenue is mainly cash/card based and therefore considers there to be no credit risk to its trade receivables. The credit risk on liquid funds is limited because the counterparties are banks with credit-ratings assigned by credit rating agencies. The group has no significant concentration of credit risk.
Liquidity risk
The group aims to mitigate liquidity risk by managing cash generated by group companies and setting collection targets throughout the group. The group also manages liquidity via long term funding and short term overdraft facilities.
Price risk
The group is exposed to price risk. The group manages its exposure to price risk by continuously reviewing its procurement strategy.
The key performance indicators of the group are as follows:
| 2025 | 2024 |
|
|
|
Turnover | £10,004,548 | £17,989,684 |
Gross profit margin | 78% | 77% |
EBITDA margin | 14.0% | 8.2% |
On behalf of the board
The directors present their annual report and financial statements for the period ended 31 August 2025.
The results for the period are set out on page 9.
Ordinary dividends were paid amounting to £231,048 (2024: £355,803). The directors do not recommend payment of a further dividend.
The directors who held office during the period and up to the date of signature of the financial statements were as follows:
On 1 September 2025, the company issued an additional 12 Ordinary £1 shares at par to its existing shareholders, in exchange for the entire issued share capital of Superbowl UK Aldershot Limited, Superbowl UK Wolverhampton Limited and Superbowl UK Basingstoke Limited. This transaction resulted in the company recognising £288 of share premium and therefore from 1 September 2025, the 3 above companies became subsidiaries of the group.
On 17th September 2025, the company entered into a fixed rate loan for a total of £355,250 which incurs interest at 7.96% and is due to be repaid in monthly instalments by September 2030.
On 6th May 2026, a new 5 year lease was entered into by a subsidiary company, commencing on 23 June 2026. Rent was agreed at £156,116 per annum.
The auditor, Shaw Gibbs (Audit) Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
The financial position of the group, its cash flows and liquidity position are described in the primary statements and notes to these financial statements.
The financial statements have been prepared on a going concern basis. The group made a profit for the period after tax of £719,680 (2024: £411,062) and at the reporting date had net current assets of £505,506 (31 October 2024: £1,344,602 net current liabilities) and net assets of £2,846,314 (31 October 2024: £2,357,862).
The group manages its day-to-day working capital requirements from available cash balances and by obtaining financing when needed. At the time of approving the financial statements, the directors have taken into consideration the current and forecasted performance and position of the group, in combination with the available additional funding should this be considered necessary. The directors have a reasonable expectation that the company and group have adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company has chosen in accordance with Companies Act 2006, s.414C(11) to set out the group's Strategic report information required by Large and Medium-sized Companies and Groups (Accountants and Reports) Regulations 2008, Sch.7 to be contained in the Directors' report. It has done so in respect of future developments and financial risk management.
We have audited the financial statements of QLP Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 August 2025 which comprise the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including 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).
Basis for opinion
Conclusions relating to going concern
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 and 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.
Other information
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
The information given in the 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 strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
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.
1. At the planning stage of the audit we gain an understanding of the laws and regulations which apply to the company and how the management seek to comply with those laws and regulations. This helps us to plan appropriate risk assessments.
2. During the audit we focus on relevant risk areas and review the compliance with the laws and regulations by making relevant enquiries and undertaking corroboration, for example by reviewing Board Minutes and other documentation.
3. We assess the risk of material misstatement in the financial statements including as a result of fraud and undertake procedures including:
a. Reviewing the controls set in place by management;
b. Making enquiries of management as to whether they consider fraud or other irregularity may have taken
place, or where such opportunity might exist;
c. Challenging management assumptions with regard to accounting estimates; and
d. Identifying and testing journal entries, particularly those which appear to be unusual by size or nature.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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 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.
The notes on pages 15 to 34 form an integral part of these financial statements.
As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £755,379 (2024: £548,162).
QLP Holdings Limited (“the company”) is a private limited company registered, limited by shares and is domiciled and incorporated in England and Wales. The registered office is Superbowl UK, Top Barn, Lower Henwick Farm, RG19 3AP.
The group consists of QLP Holdings Limited and all of its subsidiaries.
The company's and group principal activities and nature of operations are disclosed in the Strategic Report.
For strategic reasons, the directors changed the accounting reference date of the company from 31 October to 31 August. The comparative period covered the 14 months from 1 September 2023 to 31 October 2024. These financial statements cover the 10 month period ended 31 August 2025. Therefore the figures presented in these financial statements are not entirely comparable.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006, including the provisions of the Large and Medium sized Companies and Groups (Accountants and Reports) Regulations 2008.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:
Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures;
Section 11 'Basic Financial Instruments' and Section 12 'Other Instrument Issues': Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 33 'Related Party Disclosures': Compensation for key management personnel.
The consolidated group financial statements consist of the financial statements of the parent company QLP Holdings Limited together with all entities controlled by the parent company (its subsidiaries).
All financial statements are made up to 31 August 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.
The financial position of the group, its cash flows and liquidity position are described in the primary statements and notes to these financial statements.
The group made a profit for the period after tax of £719,680 (2024: £411,062) and at the reporting date had net current assets of £505,506 (31 October 2024: £1,344,602 net current liabilities) and net assets of £2,846,314 (31 October 2024: £2,357,862).
The group manages its day-to-day working capital requirements from available cash balances and by obtaining financing when needed. At the time of approving the financial statements, the directors have taken into consideration the current and forecasted performance and position of the group, in combination with the available additional funding should this be considered necessary. The directors have a reasonable expectation that the company and group have adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The group operates several family entertainment centres throughout the UK. The range of facilities include - Bowling, Kids soft play, Sega Prize zone arcades, Laser Quest, Crazy Golf and Ninja assault courses. Food and beverages are sold at each site.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.
Interests in subsidiaries are initially measured at costs and are subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit and loss.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
At each reporting period end date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the group's and company's balance sheet when the group/compant becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.
Basic financial assets, which include trade and other debtors, amounts owed by group undertakings, and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.
Basic financial liabilities, including trade and other creditors, bank loans and amounts owed to group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Difference between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.
In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
The useful economic lives of non-current assets have been derived from the judgement of the directors, using their best estimate of the write-down period. The depreciation methods used reflect the patterns in which the group companies expect to consume the assets' future economic benefits, based on the directors best estimates.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The latter include, where necessary, provisions that are estimated by the directors. At the reporting date, the directors have included no provision (31 October 2024: £nil).
Turnover is recognised solely within the United Kingdom.
The average monthly number of persons (including directors) employed by the group and company during the period was:
Their aggregate remuneration comprised:
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 3 (2024: 3).
On 1 November 2024, the group sold its 100% holding in the following four subsidiary companies to an external party for a total consideration of £542,235: Superbowl UK Cardiff Limited, Superbowl UK Newport Limited; Superbowl UK Swansea Limited and Superbowl UK Warrington Limited. At the disposal date, the subsidiaries had total net assets of £558,053, resulting in a loss on disposal of £15,818 as set out above.
The actual charge for the period can be reconciled to the expected charge for the period based on the profit or loss and the standard rate of tax as follows:
The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.
The depreciation charge for the year is included within administrative expenses.
Following an extension of the property lease in a subsidiary, the useful economic lives of plant and equipment assets of the relevant subsidiary have been re-assessed in line with the new lease term, resulting in a reduction in the group depreciation.
On 1 November 2024, the parent company disposed of its shareholding in four subsidiary companies as outlined in note 10. Also during the period, the company's investment in two dormant subsidiaries was fully impaired.
Details of the company's subsidiaries at 31 August 2025 are as follows:
Registered office address:
The former subsidiary companies Superbowl UK Bishop Auckland Limited and Superbowl UK Crewe Limited were dissolved during the period.
Amounts owed by group undertakings are interest free and repayable on demand.
Group other debtors includes amounts due from related parties of £1,620,086 (2024: £141,839), as set out further in note 31. Company other debtors includes amounts due from related parties of £227,659 (2024: £97,891).
A restatement of £227,488 was processed in the comparative group numbers to reclassify amounts from Cash at bank and in hand to Trade debtors, to reflect better the nature of the relevant assets.
Amounts owed to group undertakings are interest free and repayable on demand.
Bank loans are secured by unlimited debentures incorporating a fixed and floating charge, and by personal guarantees provided by the directors.
The above bank loans of £1,066,249 relate to:
A total outstanding amount of £33,830 (all due within one year) regarding three loans that were provided to QLP Holdings Limited by Lloyds Bank PLC. The loans incur interest at a rate of 4.086%, down from a rate of 4.31%, and are repayable in monthly instalments with the final instalments being extended from February to August 2026.
A total outstanding amount of £275,515 (of which £42,310 is due within one year) regarding a loan that was provided to QLP Holdings Limited by Lloyds Bank PLC. The loan incurs interest at a rate of 9.61% and is repayable in monthly instalments with the final instalment due in June 2030.
An outstanding amount of £8,333 (all due within one year) regarding a loan that was provided to QLP Holdings Limited by Lloyds Bank PLC under the Bounce Bank Loan Scheme (BBLS). The loan incurs interest at rate of 2.5% and is repayable in monthly instalments with the final instatement being in July 2026.
In May 2025, the company entered into two loans totalling £659,750, one loan incurs interest at a fixed rate of 7.66% and the other incurs variable interest at the base rate plus 3.335%. Both are due to be repaid in monthly instalments by May 2030. The outstanding amount at the reporting date is £632,887 (of which £114,840 is due within one year).
A total outstanding amount of £115,684 (all due within one year) regarding various loans that were provided to group entities by Lloyds Bank PLC under Coronavirus Business Interruption Loan Scheme (CBILS). The loans incur interest at base rate plus either 2.93%, 3.28% or 3.38% and are repayable in monthly instalments with the final repayment in July 2026.
Other loans of £48,814 (all due within one year) relate to loans provided by a supplier for centre upgrades and are repayable at various stages over the next 12 months.
Finance lease payments represent rentals payable by the group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
Finance lease liabilities are secured against the asset to which they relate.
The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
The Ordinary shares carry full voting, dividend and distribution rights, even on winding up. They confer no right to redemption.
Cumulative profit and loss net of distributions to owners.
Various group companies have provided cross-company guarantees to secure their own and the debts of other group companies. At 31 August 2025, the relevant borrowings of the group totalled £1,066,249 (2024: £734,109).
At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
On 1 September 2025, the company issued an additional 12 Ordinary £1 shares at par to its existing shareholders, in exchange for the entire issued share capital of Superbowl UK Aldershot Limited, Superbowl UK Wolverhampton Limited and Superbowl UK Basingstoke Limited. This transaction resulted in the company recognising £288 of share premium and therefore from 1 September 2025, the 3 above companies became subsidiaries of the group.
On 17th September 2025, the company entered into a fixed rate loan for a total of £355,250 which incurs interest at 7.96% and is due to be repaid in monthly instalments by September 2030.
On 6th May 2026, a new 5 year lease was entered into by a subsidiary company, commencing on 23 June 2026. Rent was agreed at £156,116 per annum.
During the period the group entered into the following transactions with related parties:
Also during the period, the parent company and group recognised £125,379 of management fee income from companies under common control (2024: £25,010).
During the prior period, the group received credit notes in respect of amounts previously invoiced from a company, which is wholly owned by the spouse of one of the directors.
The following amounts were outstanding at the reporting date:
Amounts due to/from related parties are unsecured, do not bear interest and are repayable on demand.
Other related parties relate a company which is wholly owned by the spouse of one of the directors.
Other information
The company has taken advantage of the exemptions provided by section 33 FRS 102, not to disclose related party transactions and outstanding balances with its wholly owned subsidiaries within the group.