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REGISTERED NUMBER: 14849258 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024

FOR

PADEL PLUS LIMITED

PADEL PLUS LIMITED (REGISTERED NUMBER: 14849258)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PADEL PLUS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024







DIRECTOR: D J John





REGISTERED OFFICE: 24 The Brambles
Lichfield
Staffordshire
WS14 9SE





REGISTERED NUMBER: 14849258 (England and Wales)

PADEL PLUS LIMITED (REGISTERED NUMBER: 14849258)

BALANCE SHEET
31 MAY 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 85,823

CURRENT ASSETS
Cash at bank 100,992

CREDITORS
Amounts falling due within one year 5 121,175
NET CURRENT LIABILITIES (20,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,640

CAPITAL AND RESERVES
Called up share capital 6 114
Share premium 7 99,979
Retained earnings 7 (34,453 )
SHAREHOLDERS' FUNDS 65,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 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 28 August 2024 and were signed by:





D J John - Director


PADEL PLUS LIMITED (REGISTERED NUMBER: 14849258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024

1. STATUTORY INFORMATION

Padel Plus Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

PADEL PLUS LIMITED (REGISTERED NUMBER: 14849258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 100,492 477 100,969
At 31 May 2024 100,492 477 100,969
DEPRECIATION
Charge for period 15,074 72 15,146
At 31 May 2024 15,074 72 15,146
NET BOOK VALUE
At 31 May 2024 85,418 405 85,823

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 9,852
VAT 703
Other creditors 69,950
Directors' current accounts 39,950
Accrued expenses 720
121,175

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid :
Number : Class : Nominal value : £

50,000 A Ordinary 0.1p 50
50,000 B Ordinary 0.1p 50
14,284 C Ordinary 0.1p 14
-------
114

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

Deficit for the period (34,453 ) (34,453 )
Share premium - 99,979 99,979
At 31 May 2024 (34,453 ) 99,979 65,526