REGISTERED NUMBER: 06727194 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

DEFINITE PLAY LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

A J C Connell

REGISTERED OFFICE:

48 Warwick Street

London

W1B 5AW

REGISTERED NUMBER:

06727194 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Definite Play Ltd for the year ended 31 October 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Definite Play Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Definite Play Ltd and state those matters that we have agreed to state to the director of Definite Play Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Definite Play Ltd and its director for our work or for this report.

It is your duty to ensure that Definite Play Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Definite Play Ltd. You consider that Definite Play Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Definite Play Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

28 July 2026

FIXED ASSETS

Tangible assets

4

1,206

3,194

Investments

5

50

50

1,256

3,244

CURRENT ASSETS

Stocks

469,168

449,219

Debtors

6

490,045

661,982

Cash at bank

252,605

104,879

1,211,818

1,216,080

CREDITORS

Amounts falling due within one year

7

294,602

213,910

NET CURRENT ASSETS

917,216

1,002,170

TOTAL ASSETS LESS CURRENT LIABILITIES

918,472

1,005,414

CREDITORS

Amounts falling due after more than one year

8

(58,333

)

(138,633

)

PROVISIONS FOR LIABILITIES

10

(302

)

(738

)

NET ASSETS

859,837

866,043

CAPITAL AND RESERVES

Called up share capital

11

100

100

Capital redemption reserve

23,000

23,000

Retained earnings

836,737

842,943

SHAREHOLDERS' FUNDS

859,837

866,043

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 27 July 2026 and were signed by:

A J C Connell - Director

1.	STATUTORY INFORMATION

Definite Play Ltd 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.

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 represents net invoiced sales of goods, excluding Value Added Tax. Revenue is recognised when goods are dispatched.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

Taxation

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

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.

Hire purchase and leasing agreements

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

1,856

13,030

14,886

DEPRECIATION

At 1 November 2024

1,113

10,579

11,692

Charge for year

372

1,616

1,988

At 31 October 2025

1,485

12,195

13,680

NET BOOK VALUE

At 31 October 2025

371

835

1,206

At 31 October 2024

743

2,451

3,194

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 October 2025

50

NET BOOK VALUE

At 31 October 2025

50

At 31 October 2024

50

The company holds 33% of the issued share capital in Property Scene Ltd.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

357,337

527,693

Amounts owed by group undertakings

402

-

Other debtors

132,306

134,289

490,045

661,982

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

109,476

119,458

Trade creditors

768

4,200

Amounts owed to group undertakings

-

2,998

Taxation and social security

85,105

85,334

Other creditors

99,253

1,920

294,602

213,910

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

58,333

138,633

The bank loan balance relates to a government backed business interruption loan.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

138,633

229,033

HSBC holds a fixed and floating charge over all assets.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

302

738

Deferred

tax

£

Balance at 1 November 2024

738

Accelerated capital allowances

(436

)

Balance at 31 October 2025

302

The deferred tax liability relates wholly to accelerated capital allowances.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

Value:

£

£

85

Ordinary

£1

85

85

5

A Ordinary

£1

5

5

10

C Ordinary

£1

10

10

100

100

Ordinary shares have full voting rights, full equity rights, full dividend rights and are non redeemable.

A Ordinary shares have full voting rights, full equity rights, no dividend rights and are non redeemable.

C Ordinary shares have full voting rights, full equity rights, are non redeemable and only entitled to equity rights.

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date a director owed the company £109,477 (2024: £99,833). Advances of £156,580 (2024: £107,842) and repayments of £146,936 (2024: £108,703) were made in the year.

Interest was charged on the loan to the director at HMRC official rates of interest applicable for the tax year. The loan has no set repayment terms.