Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-262023-11-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15253417 2023-10-31 15253417 2023-11-01 2024-05-31 15253417 2022-11-01 2023-10-31 15253417 2024-05-31 15253417 c:Director2 2023-11-01 2024-05-31 15253417 d:Buildings d:LongLeaseholdAssets 2023-11-01 2024-05-31 15253417 d:Buildings d:LongLeaseholdAssets 2024-05-31 15253417 d:Buildings d:ShortLeaseholdAssets 2023-11-01 2024-05-31 15253417 d:Buildings d:ShortLeaseholdAssets 2024-05-31 15253417 d:PlantMachinery 2023-11-01 2024-05-31 15253417 d:PlantMachinery 2024-05-31 15253417 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-05-31 15253417 d:FurnitureFittings 2023-11-01 2024-05-31 15253417 d:FurnitureFittings 2024-05-31 15253417 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-05-31 15253417 d:OfficeEquipment 2023-11-01 2024-05-31 15253417 d:OfficeEquipment 2024-05-31 15253417 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-05-31 15253417 d:ComputerEquipment 2023-11-01 2024-05-31 15253417 d:ComputerEquipment 2024-05-31 15253417 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-05-31 15253417 d:OwnedOrFreeholdAssets 2023-11-01 2024-05-31 15253417 d:CurrentFinancialInstruments 2024-05-31 15253417 d:Non-currentFinancialInstruments 2024-05-31 15253417 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 15253417 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 15253417 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 15253417 d:ShareCapital 2024-05-31 15253417 d:RetainedEarningsAccumulatedLosses 2024-05-31 15253417 c:FRS102 2023-11-01 2024-05-31 15253417 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-05-31 15253417 c:FullAccounts 2023-11-01 2024-05-31 15253417 c:PrivateLimitedCompanyLtd 2023-11-01 2024-05-31 15253417 e:PoundSterling 2023-11-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 15253417









THE PADEL HUB RH17 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
THE PADEL HUB RH17 LTD
REGISTERED NUMBER: 15253417

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
472,218

  
472,218

Current assets
  

Debtors: amounts falling due within one year
 5 
400,099

Cash at bank and in hand
 6 
7,513

  
407,612

Creditors: amounts falling due within one year
 7 
(270,641)

Net current assets
  
 
 
136,971

Total assets less current liabilities
  
609,189

Creditors: amounts falling due after more than one year
 8 
(704,765)

  

Net (liabilities)/assets
  
(95,576)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(95,676)

  
(95,576)


Page 1

 
THE PADEL HUB RH17 LTD
REGISTERED NUMBER: 15253417
    
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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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: 




E Augustine
Director

Date: 26 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
THE PADEL HUB RH17 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Padel Hub RH17 Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales (registered number: 15253417). 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
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.

Page 3

 
THE PADEL HUB RH17 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period in which they are incurred.

 
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.

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
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.

Page 4

 
THE PADEL HUB RH17 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including directors, during the Period was 1.

Page 5
 


 
THE PADEL HUB RH17 LTD


 
 
 
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
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£
£
£



Cost or valuation


Additions
207,023
267,868
899
14,885
2,473
8,987
502,135



At 31 May 2024

207,023
267,868
899
14,885
2,473
8,987
502,135



Depreciation


Charge for the Period on owned assets
20,702
6,041
128
1,895
167
984
29,917



At 31 May 2024

20,702
6,041
128
1,895
167
984
29,917



Net book value



At 31 May 2024
186,321
261,827
771
12,990
2,306
8,003
472,218

Page 6
 
THE PADEL HUB RH17 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Debtors

2024
£


Trade debtors
1,119

Amounts owed by group undertakings
100

Other debtors
274,994

Prepayments and accrued income
123,886

400,099



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
7,513

7,513



7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
221,398

Amounts owed to group undertakings
28,802

Other taxation and social security
2,885

Accruals and deferred income
17,556

270,641



8.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
704,765

704,765


Page 7

 
THE PADEL HUB RH17 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
£



Amounts falling due 2-5 years

Other loans
704,764


704,764


704,764


 
Page 8