STATE OF PLAY HOSPITALITY LIMITED

• ⚠

  Material uncertainty over going concern

  It is anticipated that the future plans of the Group will be funded by a new equity raise from existing shareholders, the timing, quantum and terms of which have not yet been agreed at the date of approval of these financial statements. This indicates that a material uncertainty exists that may cast significant doubt on the Group and Parent Company's ability to continue as a going concern.

1. STATE OF PLAY HOSPITALITY LIMITED 2021-04-26 → present
2. SOCIAL ENTERTAINMENT VENTURES LIMITED 2018-05-04 → 2021-04-26
3. BOUNCE PING PONG LIMITED 2014-10-22 → 2018-05-04
4. BOUNCE 2014 LIMITED 2014-10-01 → 2014-10-22

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“It is anticipated that the future plans of the Group will be funded by a new equity raise from existing shareholders, the timing, quantum and terms of which have not yet been agreed at the date of approval of these financial statements. This indicates that a material uncertainty exists that may cast significant doubt on the Group and Parent Company's ability to continue as a going concern.”

Group structure

1. STATE OF PLAY HOSPITALITY LIMITED · parent
   1. Bounce Ping Pong Limited 100% · UK · Bar/leisure
   2. Hijingo Worship Street Limited 89% · UK · Bar/Leisure
   3. State of Play International Limited 100% · UK · Holding co.
   4. Bounce Farringdon Ltd 100% · UK · Dormant
   5. Bounce Old Street Limited 100% · UK · Dormant
   6. Bounce Battersea Limited 100% · UK · Dormant
   7. Bounce 4 Limited 100% · UK · Dormant
   8. Bounce 5 Limited 100% · UK · Dormant
   9. Hijingo Ltd 100% · UK · Dormant
   10. Hijingo 2 Limited 100% · UK · Dormant
   11. Hijingo 3 Limited 100% · UK · Dormant
   12. State of Play Limited 100% · UK · Dormant
   13. State of Play Financing Limited 100% · UK · Dormant
   14. Wonderball Limited 100% · UK · Dormant
   15. Bounce Ping Pong Inc 100% · USA · Holding Co.
   16. State of Play Hospitality Inc 100% · USA · Holding co
   17. Bounce Chicago LLC 100% · USA · Bar/leisure
   18. Flight Club Wacker LLC 100% · USA · Bar/leisure
   19. Flight Club Seaport LLC 100% · USA · Bar/leisure
   20. Flight Club Regent Square LLC 100% · USA · Bar/leisure
   21. Flight Club Vegas LLC 100% · USA · Bar/leisure
   22. Flight Club Star Metals LLC 100% · USA · Bar/leisure
   23. Flight Club Wewatta LLC 100% · USA · Bar/leisure
   24. Flight Club Walnut LLC 100% · USA · Bar/leisure
   25. Flight Club Manhattan LLC 100% · USA · Dormant
   26. Flight Club D.C. LLC 100% · USA · Dormant
   27. Flight Club St. Louis LLC 100% · USA · Dormant
   28. Flight Club Addison LLC 100% · USA · Dormant
   29. SPH FC NA 11, LLC 100% · USA · Dormant
   30. SPH FC NA 12, LLC 100% · USA · Dormant
   31. SPH FC NA 13, LLC 100% · USA · Dormant
   32. SPH FC NA 14, LLC 100% · USA · Dormant
   33. SPH FC NA 15, LLC 100% · USA · Dormant
   34. SPH FC NA 16, LLC 100% · USA · Dormant
   35. SPH FC NA 17, LLC 100% · USA · Dormant
   36. SPH FC NA 18, LLC 100% · USA · Dormant
   37. SPH FC NA 19, LLC 100% · USA · Dormant
   38. SPH FC NA 20, LLC 100% · USA · Dormant
   39. SPH FC NA 21, LLC 100% · USA · Dormant
   40. State of Play Hospitality Staffing LLC 100% · USA · Dormant
   41. State of Play Hospitality (Ireland) Limited 100% · Ireland · Dormant
   42. Bounce Ping Pong Ireland Limited 100% · Ireland · Dormant
   43. Bounce Central Plaza Limited 100% · Ireland · Dormant

Significant events

• “The Group completed the refinancing of its debt facility, agreeing a $19.5m facility in October 2024 (subsequently expanded to $32.5m in June 2025).”
• “venues in Washington DC and St Louis opened in the year, Philadelphia opened in May 2025, and work underway on Cincinnati, New York, Dallas, and Seattle planned to open over the coming year.”
• “the tangible fixed assets associated with the Battersea venue have been impaired resulting in an exceptional charge of £2.6m in the period.”
• “Post the balance sheet date the Group agreed an extension of the $19.5m debt facility to $32.5m.”
• “In June 2025 the group agreed terms to expand its bank debt with Santander to $32.5m with repayment of the extended facility now due in October 2027.”
• “The group has also announced its plans to open Flight Clubs in: Seattle, Dallas and New York.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

2

last 24 months

Officers appointed

2

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -0.4%

  £46,928,759 → £46,756,674

• Cash

  -56.3%

  £14,768,502 → £6,449,616

• Net assets

  -31.3%

  £24,263,610 → £16,679,669

• Employees

  -16.2%

  697 → 584

• Operating profit

  -4.6%

  -£7,518,400 → -£7,867,811

• Profit before tax

  -4.8%

  -£7,798,437 → -£8,170,016

• Wages

  -8.6%

  £15,530,944 → £14,190,895

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers