[boothling]

I think most adults would assume the question had a sexual meaning if they were asked this by another adult, unless a context had already been established.

For example: "I've booked a tennis court. Would you like to play with me?"

(This example is a little unrealistic, as an English speaker would be more likely to say "Do you want to play tennis?".)

The question is used very often by children, but teenagers and adults would probably think it a bit strange unless it was asked by a lover/partner/potential partner.