PHOENIX GAMES HOLDING UK LTD

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

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

• Turnover

  +52.9%

  £1,868,173 → £2,857,040

• Cash

  -89.6%

  £4,323,040 → £449,634

• Net assets

  -15.7%

  £8,153,754 → £6,874,365

• Employees

  0%

  3 → 3

• Operating profit

  -309.2%

  -£341,803 → -£1,398,592

• Profit before tax

  -113.3%

  £9,587,374 → -£1,279,389

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Saffery LLP

Audit opinion

Qualified

Going concern

Affirmed

“The directors have received confirmation from the company's immediate parent undertaking that it will provide ongoing financial support for at least 12 months. Thus the directors have a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future, adopting the going concern basis.”

Group structure

1. PHOENIX GAMES HOLDING UK LTD · parent
   1. SmileyGamer BV 100% · Belgium · Video game publisher
   2. Sad Panda Studios Limited 100% · Canada · Video game distributor
   3. Garden City Games Ltd 100% · United Kingdom · Video game publisher
   4. Synaptic Labs Ltd 100% · United Kingdom · Video game publisher
   5. Garden City Games India Pvt Ltd 100% · India · Video game distributor

Significant events

• “On the 30 June 2025 the loan to subsidiary company Sad Panda Studios ltd was converted into 1,656,962 newly issued shares in Sad Panda Studios Ltd.”
• “Subsequently, the company sold 74.9% of its shareholding in Sad Panda.”
• “Subsequently to the reporting date, the management of Phoenix Games Holding UK Ltd resolved to discontinue the operations of Smiley Gamer BV, a fellow group undertaking.”
• “The overall distribution of the residual assets will be effected through the declaration and distribution of a dividend, estimated subsequently to the reporting date to be EUR 3,900,000, by Smiley Gamer BV to Phoenix Games Holding UK Ltd. Phoenix Games Holding UK Ltd intends to apply the proceeds to settle an outstanding intra-group loan balance with the subsidiary and materially recover the carrying value of its investment. However, based on current estimates, a small loss on investment is likely to be recognised upon final distribution.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.