REGISTERED NUMBER: 01041364 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

SPI GLOBAL PLAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Wettergren

P K Boyes

REGISTERED OFFICE:

Unit C Spectrum Business Park

Bridge Road South

Wrexham Industrial Estate

Wrexham

LL13 9QA

REGISTERED NUMBER:

01041364 (England and Wales)

AUDITORS:

M. D. Coxey and Co. Limited

Chartered Accountants

and Statutory Auditors

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank plc

Leicester Servicing Centre

Leicester

Leicestershire

LE87 2BB

FIXED ASSETS

Tangible assets

4

166,683

129,620

CURRENT ASSETS

Stocks

5

835,408

821,669

Debtors

6

2,549,783

3,496,759

Cash at bank and in hand

244,322

540,716

3,629,513

4,859,144

CREDITORS

Amounts falling due within one year

7

2,214,049

3,518,275

NET CURRENT ASSETS

1,415,464

1,340,869

TOTAL ASSETS LESS CURRENT LIABILITIES

1,582,147

1,470,489

CREDITORS

Amounts falling due after more than one year

8

(650,136

)

(178,583

)

PROVISIONS FOR LIABILITIES

10

(20,814

)

(21,947

)

NET ASSETS

911,197

1,269,959

CAPITAL AND RESERVES

Called up share capital

11

200

200

Share premium

69,107

69,107

Capital redemption reserve

230,000

230,000

Retained earnings

611,890

970,652

SHAREHOLDERS' FUNDS

911,197

1,269,959

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st March 2026 and were signed on its behalf by:

P K Boyes - Director

1.	STATUTORY INFORMATION

SPI Global Play Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when the risks and rewards of ownership have passed to the customer. This typically happens when goods are delivered and legal title has passed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

The length of the lease

Improvements to property

-

33% on cost

Plant and machinery

-

15% on cost

Office furniture and equipment

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 the profit and loss account on the 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 71 (2024 - 67 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1st January 2025

149,564

28,907

651,028

Additions

-

-

79,163

Disposals

-

-

(1,973

)

At 31st December 2025

149,564

28,907

728,218

DEPRECIATION

At 1st January 2025

132,215

23,820

551,937

Charge for year

2,366

2,612

34,992

Eliminated on disposal

-

-

(1,973

)

At 31st December 2025

134,581

26,432

584,956

NET BOOK VALUE

At 31st December 2025

14,983

2,475

143,262

At 31st December 2024

17,349

5,087

99,091

Office

furniture

and

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2025

66,167

37,860

110,524

1,044,050

Additions

940

-

-

80,103

Disposals

-

-

-

(1,973

)

At 31st December 2025

67,107

37,860

110,524

1,122,180

DEPRECIATION

At 1st January 2025

62,457

37,860

106,141

914,430

Charge for year

737

-

2,333

43,040

Eliminated on disposal

-

-

-

(1,973

)

At 31st December 2025

63,194

37,860

108,474

955,497

NET BOOK VALUE

At 31st December 2025

3,913

-

2,050

166,683

At 31st December 2024

3,710

-

4,383

129,620

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st January 2025

and 31st December 2025

89,995

20,070

110,065

DEPRECIATION

At 1st January 2025

and 31st December 2025

10,124

6,271

16,395

NET BOOK VALUE

At 31st December 2025

79,871

13,799

93,670

At 31st December 2024

79,871

13,799

93,670

5.

STOCKS

31.12.25

31.12.24

£

£

Stocks

835,408

821,669

6.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

208,044

397,329

Amounts due from group

undertakings

438,056

177,548

Other debtors

647,821

658,755

VAT

48,325

140,228

Prepayments

157,282

40,347

1,499,528

1,414,207

Amounts falling due after more than one year:

Amounts due from group undertakings

-

348,772

Other debtors

1,050,255

1,733,780

1,050,255

2,082,552

Aggregate amounts

2,549,783

3,496,759

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

324,608

100,000

Hire purchase contracts

16,200

14,734

Trade creditors

949,474

1,371,530

Tax

276,558

403,767

Social security and other taxes

69,382

42,666

Other creditors

217,283

670,292

Amounts owed to group

360,544

915,286

2,214,049

3,518,275

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

304,622

100,000

Bank loans - 2-5 years

341,464

58,333

Hire purchase contracts

4,050

20,250

650,136

178,583

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

970,694

258,333

Hire purchase contracts

20,250

34,984

990,944

293,317

The company's borrowings are secured by the following guarantee arrangements:

One loan has a partial guarantee given by the UK government for £400,000 dated 06/05/2021.

The second loan has a corporate guarantee provided by Global Leisure Group AB, the immediate parent company, for £965,000 dated 15/01/2025.

10.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

Accelerated capital allowances

20,814

21,947

Deferred

tax

£

Balance at 1st January 2025

21,947

Movement in the year due to:-

changes in capital allowances

11,372

changes in tax losses

(12,505

)

Balance at 31st December 2025

20,814

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

200

Ordinary

£1

200

200

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anthony Lewis, FCCA ACA (Senior Statutory Auditor)

for and on behalf of M. D. Coxey and Co. Limited

13.	CAPITAL COMMITMENTS

31.12.25

31.12.24

£

£

Contracted but not provided for in the

financial statements

-

10,304

14.	ULTIMATE CONTROLLING PARTY