Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-082023-05-09falseNo description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14856302 2023-05-08 14856302 2023-05-09 2024-05-31 14856302 2022-05-09 2023-05-08 14856302 2024-05-31 14856302 c:Director1 2023-05-09 2024-05-31 14856302 d:Buildings d:LongLeaseholdAssets 2023-05-09 2024-05-31 14856302 d:Buildings d:LongLeaseholdAssets 2024-05-31 14856302 d:Buildings d:ShortLeaseholdAssets 2023-05-09 2024-05-31 14856302 d:Buildings d:ShortLeaseholdAssets 2024-05-31 14856302 d:PlantMachinery 2023-05-09 2024-05-31 14856302 d:PlantMachinery 2024-05-31 14856302 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-09 2024-05-31 14856302 d:MotorVehicles 2023-05-09 2024-05-31 14856302 d:MotorVehicles 2024-05-31 14856302 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-09 2024-05-31 14856302 d:FurnitureFittings 2023-05-09 2024-05-31 14856302 d:OfficeEquipment 2023-05-09 2024-05-31 14856302 d:OfficeEquipment 2024-05-31 14856302 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-09 2024-05-31 14856302 d:ComputerEquipment 2023-05-09 2024-05-31 14856302 d:ComputerEquipment 2024-05-31 14856302 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-09 2024-05-31 14856302 d:OwnedOrFreeholdAssets 2023-05-09 2024-05-31 14856302 d:CurrentFinancialInstruments 2024-05-31 14856302 d:Non-currentFinancialInstruments 2024-05-31 14856302 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14856302 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14856302 d:ShareCapital 2024-05-31 14856302 d:RetainedEarningsAccumulatedLosses 2024-05-31 14856302 c:FRS102 2023-05-09 2024-05-31 14856302 c:AuditExempt-NoAccountantsReport 2023-05-09 2024-05-31 14856302 c:FullAccounts 2023-05-09 2024-05-31 14856302 c:PrivateLimitedCompanyLtd 2023-05-09 2024-05-31 14856302 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 14856302 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 14856302 2 2023-05-09 2024-05-31 14856302 e:PoundSterling 2023-05-09 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 14856302









PADEL HUB SL2 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
PADEL HUB SL2 LIMITED
REGISTERED NUMBER: 14856302

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
221,881

  
221,881

Current assets
  

Debtors: amounts falling due within one year
 5 
456,548

Cash at bank and in hand
 6 
3,555

  
460,103

Creditors: amounts falling due within one year
 7 
(1,194,131)

Net current (liabilities)/assets
  
 
 
(734,028)

Total assets less current liabilities
  
(512,147)

Creditors: amounts falling due after more than one year
 8 
(13,866)

  

Net (liabilities)/assets
  
(526,013)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(526,113)

  
(526,013)


Page 1

 
PADEL HUB SL2 LIMITED
REGISTERED NUMBER: 14856302
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C E Winterton
Director

Date: 8 May 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
PADEL HUB SL2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Padel Hub SL2 Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales (registered number: 14856302). The registered office address is Unit 1 Albion close, Slough, England, SL2 5DT.
The primary activity of the Company is the operation of sports facilities.
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

Page 3

 
PADEL HUB SL2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
PADEL HUB SL2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Straight Line
Short-term leasehold property
-
10%
Straight Line
Plant and machinery
-
25%
Straight Line
Motor vehicles
-
25%
Reducing Balance
Fixtures and fittings
-
25%
Reducing Balance
Office equipment
-
25%
Straight Line
Computer equipment
-
25%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
PADEL HUB SL2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including the director, during the Period was as follows:


     Period ended
        31 May
        2024
            No.






Employees
5

Page 6
 


 
PADEL HUB SL2 LIMITED


 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024


4.


Tangible fixed assets






Long-term leasehold property
Short-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£
£
£



Cost or valuation


Additions
172,459
26,342
5,928
21,800
12,203
6,818
245,550



At 31 May 2024

172,459
26,342
5,928
21,800
12,203
6,818
245,550



Depreciation


Charge for the Period on owned assets
17,246
603
688
2,988
1,456
688
23,669



At 31 May 2024

17,246
603
688
2,988
1,456
688
23,669



Net book value



At 31 May 2024
155,213
25,739
5,240
18,812
10,747
6,130
221,881


5.


Debtors

2024
£


Trade debtors
3,178

Amounts owed by group undertakings
49,287
Page 7
 
PADEL HUB SL2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.Debtors (continued)


Other debtors
306,951

Prepayments and accrued income
97,132

456,548



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
3,555

3,555



7.


Creditors: Amounts falling due within one year

2024
£

Other loans
1,074,083

Trade creditors
100,392

Other taxation and social security
4,875

Obligations under finance lease and hire purchase contracts
2,089

Accruals and deferred income
12,692

1,194,131



8.


Creditors: Amounts falling due after more than one year

2024
£

Net obligations under finance leases and hire purchase contracts
13,866

13,866


Page 8

 
PADEL HUB SL2 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
£


Within one year
2,089

Between 1-5 years
13,866

15,955

 
Page 9