Registration number: 03068631

Playworld Learning Centres Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Playworld Learning Centres Limited

Company Information

Directors

Mr MG Dingley Mr GM Dingley

Company secretary

Mr MG Dingley

Registered office

Midway House Herrick Way Staverton Cheltenham England GL51 6TQ

Playworld Learning Centres Limited

(Registration number: 03068631)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	382,182	386,942
Current assets
Debtors	5	2,800	2,308
Cash at bank and in hand		173,983	157,677
		176,783	159,985
Creditors: Amounts falling due within one year	6	(126,596)	(159,794)
Net current assets		50,187	191
Total assets less current liabilities		432,369	387,133
Provisions for liabilities		(3,187)	(4,377)
Net assets		429,182	382,756
Capital and reserves
Called up share capital		204,000	204,000
Retained earnings		225,182	178,756
Shareholders' funds		429,182	382,756

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Playworld Learning Centres Limited

(Registration number: 03068631)
Balance Sheet as at 31 December 2025

Approved and authorised by the Board on 15 September 2026 and signed on its behalf by:
 

......................................... Mr MG Dingley Company secretary and director

......................................... Mr GM Dingley Director

Playworld Learning Centres Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Midway House
Herrick Way
Staverton
Cheltenham
GL51 6TQ
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of the financial statements is British Pound £, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are round to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised based on the accrual method and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Playworld Learning Centres Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted of substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profits.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets included directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, less its residual value, over their useful life as follows:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Freehold property	Nil
Fixtures and fittings	25% reducing balance
Computer equipment	33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Playworld Learning Centres Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing
borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of
transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable
and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 39 (2024 - 40).

Playworld Learning Centres Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

4	Tangible assets

	Freehold property £	Fixtures, fittings and equipment £	Total £
Cost or valuation
At 1 January 2025	369,433	120,645	490,078
Additions	-	800	800
At 31 December 2025	369,433	121,445	490,878
Depreciation
At 1 January 2025	-	103,136	103,136
Charge for the year	-	5,560	5,560
At 31 December 2025	-	108,696	108,696
Carrying amount
At 31 December 2025	369,433	12,749	382,182
At 31 December 2024	369,433	17,509	386,942

5

Debtors

Current	2025 £	2024 £
Prepayments	2,800	2,308
	2,800	2,308

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		3,607	561
Taxation and social security		17,488	8,403
Other creditors	8	105,501	150,830
		126,596	159,794

Playworld Learning Centres Limited

Notes to the Unaudited Financial Statements for the year ended 31 December 2025

7	Share capital

Share options
Options were granted on 22 September 2022 under an approved option scheme, an Enterprise Management Incentives (EMI) scheme, over the company's A Ordinary shares of £1 each. All options are exercisable at £84.61 per share. The value of the options exercised will be charged as an expense to the profit and loss.

The movements of the share options are as follows:

	2025		2024
	£		£
Outstanding at the start of the period	444		444
Issued during the period	-		-
Exercised during the period	-		-
Lapsed during the period	-		-
	444		444

8	Related party transactions

Transactions with the directors

At the balance sheet date, the company owed the directors £7,704 (2024: £5,205). There are no repayment terms or interest charged.