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REGISTERED NUMBER: 03577689 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Babolat VS UK Limited

Babolat VS UK Limited (Registered number: 03577689)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Babolat VS UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr E P G Babolat
Babolat VS SAS



REGISTERED OFFICE: 1st Floor
The Wimbledon Club
Church Road
Wimbledon
London
SW19 5AG



REGISTERED NUMBER: 03577689 (England and Wales)



BANKERS: HSBC Bank
75-77 High Street
Sutton
Surrey
SM1 1DU

Babolat VS UK Limited (Registered number: 03577689)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,165 4,172

CURRENT ASSETS
Debtors 1,421,610 1,464,145
Cash at bank 220,710 179,795
1,642,320 1,643,940
CREDITORS
Amounts falling due within one year 278,096 355,579
NET CURRENT ASSETS 1,364,224 1,288,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,385,389

1,292,533

PROVISIONS FOR LIABILITIES 6 5,217 687
NET ASSETS 1,380,172 1,291,846

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 1,380,170 1,291,844
SHAREHOLDERS' FUNDS 1,380,172 1,291,846

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





Mr E P G Babolat - Director


Babolat VS UK Limited (Registered number: 03577689)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Babolat VS UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Rounding is to £1.

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.

The financial statements have been prepared on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where products are supplied as part of exchange for marketing and brand support agreements with our business partners, sales and reciprocal costs are measured at the values agreed with partners for those goods and services, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 33.33% on reducing balance
Improvements to property - 33.33% on reducing balance
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year 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.


Babolat VS UK Limited (Registered number: 03577689)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method.

Debtors and creditors with no stated interest rate receivable or payable and under normal trading terms, are recorded at their transaction price.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance/accrual model. Any restricted grants are held separately and designated against the costs they are intended for.

Free issue of stock
Stock items for which no monetary consideration is received, the value of the barter exchange goods or services represents consideration value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

Babolat VS UK Limited (Registered number: 03577689)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 25,337
Additions 19,426
Disposals (15,080 )
At 31 December 2024 29,683
DEPRECIATION
At 1 January 2024 21,165
Charge for year 1,941
Eliminated on disposal (14,588 )
At 31 December 2024 8,518
NET BOOK VALUE
At 31 December 2024 21,165
At 31 December 2023 4,172

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 66,065 35,154
Between one and five years 182,639 30,424
248,704 65,578

6. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 5,217 687

Deferred
tax
£   
Balance at 1 January 2024 687
Charge to Income Statement during year 4,530
Balance at 31 December 2024 5,217

Babolat VS UK Limited (Registered number: 03577689)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary 1 2 2

8. RESERVES
Retained
earnings
£   

At 1 January 2024 1,291,844
Profit for the year 88,326
At 31 December 2024 1,380,170

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Craig Alan Beale FCCA (Senior Statutory Auditor)
for and on behalf of Lewis Smith & Co.

10. ULTIMATE PARENT COMPANY

Babolat VS SAS, a company registered in France, is regarded by the director as being the company's ultimate parent company.

Copies of the financial statements are available from the registered office for which details can be found below

Babolat VS SAS
33 Quai Paul Sedallian
69009
Lyon
France

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party by virtue of their shareholding is the director Mr Eric Pierre Georges Babolat.