Company registration number 06132429 (England and Wales)
PURPLE DRAGON PLAY LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
PURPLE DRAGON PLAY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 10
PURPLE DRAGON PLAY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
31 December 2025
31 July 2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
4
460,696
591,327
Current assets
Stocks
8,239
12,593
Debtors
5
1,153,173
838,311
Cash at bank and in hand
168,654
634,527
1,330,066
1,485,431
Creditors: amounts falling due within one year
6
(2,141,360)
(1,606,946)
Net current liabilities
(811,294)
(121,515)
Total assets less current liabilities
(350,598)
469,812
Creditors: amounts falling due after more than one year
7
-
0
(1,491,906)
Net liabilities
(350,598)
(1,022,094)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(351,598)
(1,023,094)
Total equity
(350,598)
(1,022,094)

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 June 2026 and are signed on its behalf by:
Mr P Field
Director
Company registration number 06132429 (England and Wales)
PURPLE DRAGON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Purple Dragon Play Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bramah House, Gatliff Road, London, SW1W 8DP.

1.1
Reporting period

The financial statements are presented for the period from 1 August 2024 to 31 December 2025, which is longer than one year. The comparative period covers the year from 1 August 2023 to 31 July 2024.

The change in the reporting period was made in order to align the Company’s year end with other companies within the Group, thereby facilitating improved consistency and comparability of group financial information.

As a result of the change in the accounting period, the comparative figures presented in these financial statements are not entirely comparable with those of the current period.

1.2
Basis of preparation

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate.true

The Directors have prepared detailed forecasts and cash flow projections covering a period of at least twelve months from the date of approval of these financial statements. These projections indicate that the Company is expected to continue to generate positive cash flows from trading activities, supported by its established position within the luxury hospitality sector and the visibility of forward bookings.

The Directors have also considered the Company’s position within the wider NEXUS Group. The Company benefits from the financial strength and ongoing support of its ultimate parent undertaking, NEXUS Group, which has confirmed its intention to continue to provide financial support to the Company for the foreseeable future, where required, in order to enable it to meet its liabilities as they fall due. This support reduces the risk associated with the Company’s net liability position.

In addition, the Directors have assessed a range of downside scenarios, including potential adverse trading conditions and delays in expected business development opportunities. In all reasonably plausible scenarios considered, the combination of operating cash inflows, cost management actions available to management, and continued group support is expected to be sufficient to allow the Company to continue to meet its obligations as they fall due.

Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements. The Directors do not consider there to be a material uncertainty relating to going concern.

PURPLE DRAGON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenu e can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excludin g discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue i s recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

• the Company has transferred the significant risks and rewards of ownership to the buyer;

• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

• the amount of revenue can be measured reliably;

• it is probable that the Company will receive the consideration due under the transaction;

• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

• the amount of revenue can be measured reliably:

• it is probable that the Company will receive the consideration due under the contract;

• the stage of completion of the contract at the end of the reporting period can be measured reliably;

• the costs incurred and the costs to complete the contract can be measured reliably.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
15 years straight line
Plant and equipment
3 years straight line
Fixtures and fittings
3 years straight line
Computers
3 years straight line
Kitchen equipment
3 years straight line

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 credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company 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.

PURPLE DRAGON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -

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.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company 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 company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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

Basic financial assets, which include debtors 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 unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

PURPLE DRAGON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts 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. A m ounts 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.

1.10
Equity instruments

Equity instruments issued by the company 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 company.

1.11
Employee benefits

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.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’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.

PURPLE DRAGON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 6 -
Key sources of estimation uncertainty

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.

Deferred Income

Where income is received in advance for membership arrangements, the appropriate recognition of this income is assessed with reference to the type and duration of the membership (including annual and quarterly plans) and the period over which services are provided. Amounts relating to future periods are deferred at the reporting date. Management reviews this monthly and considers the estimates applied to be appropriate based on available information.

Recoverability of intercompany debtor loan

Where amounts are due from group entities, the recoverability of intercompany loans is assessed with reference to the financial position and expected future cash flows of the borrower. A provision is made where necessary. Management reviews this regularly and considers the estimates applied to be appropriate based on available information.

Depreciation of tangible fixed assets

The company depreciates tangible fixed assets over their estimated useful economic lives. The assessment of useful economic lives and residual values requires management judgement and estimation, taking into account factors such as expected usage of the assets, anticipated technological developments, historical experience, and physical condition.

Useful economic lives are reviewed annually and amended where necessary to reflect current estimates and economic conditions. Changes in estimates may result in material adjustments to the depreciation charge and the carrying value of tangible fixed assets in future periods.

At the balance sheet date, the net book value of tangible fixed assets subject to depreciation was £460,696 (2024: £591,327).

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
53
55
PURPLE DRAGON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 7 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Kitchen equipment
Total
£
£
£
£
Cost
At 1 August 2024
977,845
2,580,914
113,879
3,672,638
Additions
39,986
103,796
-
0
143,782
At 31 December 2025
1,017,831
2,684,710
113,879
3,816,420
Depreciation and impairment
At 1 August 2024
560,449
2,430,977
89,885
3,081,311
Depreciation charged in the period
85,293
168,711
20,409
274,413
At 31 December 2025
645,742
2,599,688
110,294
3,355,724
Carrying amount
At 31 December 2025
372,089
85,022
3,585
460,696
At 31 July 2024
417,396
149,937
23,994
591,327

During the period the company was acquired by its parent undertaking and, following this, management reviewed the useful economic life of its tangible assets to align with the depreciation period with group accounting policies. As a result of this review, the depreciation period has been revised from five years to three years. The useful life of leasehold improvements remains unchanged at 15 years.

In accordance with FRS 102 Section 10, this revision has been treated as a change in accounting estimate and has been applied prospectively from the date of the change.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
73,445
-
0
Amounts owed by group undertakings
920,840
674,840
Other debtors
158,888
163,471
1,153,173
838,311

Included within Trade debtors is £24,752 due from related parties (2024: £nil)

PURPLE DRAGON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
- 8 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
61,000
Trade creditors
76,350
79,033
Amounts owed to group undertakings
1,118,000
-
0
Taxation and social security
90,489
184,474
Other creditors
856,521
1,282,439
2,141,360
1,606,946

Included within Trade creditors is £19,206 due to related parties (2024: £nil)

Included within other creditors are amounts due to directors of £nil (2024: £1,596,422). The amounts are unsecured, interest free and repayable on demand. The balance outstanding in the prior year was repaid during the year.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
54,501
Other creditors
-
0
1,437,405
-
0
1,491,906
8
Pension Commitments

The Company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £36,244 (202 4 - £24,371). Contributions totalling £6,789 (202 4 - £4,599) were payable to the fund at the balance sheet date.

9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the period 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.

PURPLE DRAGON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
9
Audit report information
(Continued)
- 9 -
Senior Statutory Auditor:
James Moody
Statutory Auditor:
Kirk Rice LLP
Date of audit report:
4 June 2026
10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
4,343,622
394,840
11
Related party transactions

The Company has opted not to disclose transactions between group companies, as permitted by section 33 of FRS 102.

12
Parent company

The company’s immediate parent is Purple Dragon (Holdings) Lt d, incorporated in the United Kingdom. The registered office address of Purple Dragon (Holdings) L td is Bramah House, Gatliff Road, London, England, SW1W 8DP.

The company’s ultimate controlling party is Overstreet Ltd, incorporated in the Bahamas. The principal place of business of Overstreet Ltd is Suite 207, Albany Financial Centre, Lewis Drive – Albany, P. O. Box N-7776, Nassau, The Bahamas.

The Nexus Holding Co. Ltd, incorporated in the Bahamas, is the parent of the largest and smallest group for which consolidated financial statements are prepared that include the results of the company. The principal place of business of The Nexus Holding Co. Ltd is 303 Shirley Street, Nassau, The Bahamas, P. O. Box N-492.

13
Prior period adjustment

During the year, management identified a presentational reclassification in respect of amounts due from fellow group undertakings. In the prior year financial statements, this balance was classified as non-current. Following a review of the underlying loan agreement, management determined that, as the balance is repayable on demand, it is more appropriately classified as current.

As a result, £674,84 0 has been reclassified from non-current to current amounts due from fellow group undertakings in the comparative information to ensure consistency with the current year presentation.

There has been no impact on the net profit as a result of this adjustment, and therefore no impact on the opening reserves of the company.

Changes to the balance sheet
As previously reported
Adjustment
As restated at 31 Jul 2024
£
£
£
Debtors due within one year
PURPLE DRAGON PLAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2025
13
Prior period adjustment
As previously reported
Adjustment
As restated at 31 Jul 2024
£
£
£
(Continued)
- 10 -
Amounts due from fellow group undertakings
-
674,840
674,840
Debtors due after one year
Amounts due from fellow group undertakings
674,840
(674,840)
-
Net assets
(1,022,094)
-
(1,022,094)
Capital and reserves
Total equity
(1,022,094)
-
(1,022,094)
2025-12-31 2024-08-01 false false false 04 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr P Field Ms S Meyers 06132429 2024-08-01 2025-12-31 06132429 2025-12-31 06132429 2024-07-31 06132429 core:LandBuildings 2025-12-31 06132429 core:OtherPropertyPlantEquipment 2025-12-31 06132429 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-12-31 06132429 core:LandBuildings 2024-07-31 06132429 core:OtherPropertyPlantEquipment 2024-07-31 06132429 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-07-31 06132429 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 06132429 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 06132429 core:WithinOneYear 2025-12-31 06132429 core:WithinOneYear 2024-07-31 06132429 core:AfterOneYear 2025-12-31 06132429 core:AfterOneYear 2024-07-31 06132429 core:CurrentFinancialInstruments 2025-12-31 06132429 core:CurrentFinancialInstruments 2024-07-31 06132429 core:CurrentFinancialInstruments core:AfterOneYear 2025-12-31 06132429 core:CurrentFinancialInstruments core:AfterOneYear 2024-07-31 06132429 core:ShareCapital 2025-12-31 06132429 core:ShareCapital 2024-07-31 06132429 core:RetainedEarningsAccumulatedLosses 2025-12-31 06132429 core:RetainedEarningsAccumulatedLosses 2024-07-31 06132429 bus:Director1 2024-08-01 2025-12-31 06132429 core:LandBuildings core:LongLeaseholdAssets 2024-08-01 2025-12-31 06132429 core:PlantMachinery 2024-08-01 2025-12-31 06132429 core:FurnitureFittings 2024-08-01 2025-12-31 06132429 core:ComputerEquipment 2024-08-01 2025-12-31 06132429 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-08-01 2025-12-31 06132429 2023-08-01 2024-07-31 06132429 core:LandBuildings 2024-07-31 06132429 core:OtherPropertyPlantEquipment 2024-07-31 06132429 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-07-31 06132429 2024-07-31 06132429 core:LandBuildings 2024-08-01 2025-12-31 06132429 core:OtherPropertyPlantEquipment 2024-08-01 2025-12-31 06132429 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 06132429 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 06132429 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-12-31 06132429 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-12-31 06132429 bus:FRS102 2024-08-01 2025-12-31 06132429 bus:Audited 2024-08-01 2025-12-31 06132429 bus:Director2 2024-08-01 2025-12-31 06132429 bus:FullAccounts 2024-08-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP