Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12944491 Mr Kristopher Ball Mr Magnus Macintyre Mr Paul Gilbert Mr David Foreman Mr Peter Kirby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12944491 2023-12-31 12944491 2024-12-31 12944491 2024-01-01 2024-12-31 12944491 frs-core:CurrentFinancialInstruments 2024-12-31 12944491 frs-core:Non-currentFinancialInstruments 2024-12-31 12944491 frs-core:BetweenOneFiveYears 2024-12-31 12944491 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12944491 frs-core:FurnitureFittings 2024-01-01 2024-12-31 12944491 frs-core:LandBuildings 2024-12-31 12944491 frs-core:LandBuildings 2024-01-01 2024-12-31 12944491 frs-core:LandBuildings 2023-12-31 12944491 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 12944491 frs-core:MotorVehicles 2024-01-01 2024-12-31 12944491 frs-core:PlantMachinery 2024-12-31 12944491 frs-core:PlantMachinery 2024-01-01 2024-12-31 12944491 frs-core:PlantMachinery 2023-12-31 12944491 frs-core:WithinOneYear 2024-12-31 12944491 frs-core:SharePremium 2024-12-31 12944491 frs-core:ShareCapital 2024-12-31 12944491 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12944491 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12944491 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12944491 frs-bus:SmallEntities 2024-01-01 2024-12-31 12944491 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12944491 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12944491 frs-bus:Director1 2024-01-01 2024-12-31 12944491 frs-bus:Director2 2024-01-01 2024-12-31 12944491 frs-bus:Director3 2024-01-01 2024-12-31 12944491 frs-bus:Director4 2024-01-01 2024-12-31 12944491 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 12944491 frs-core:CurrentFinancialInstruments 1 2024-12-31 12944491 frs-countries:EnglandWales 2024-01-01 2024-12-31 12944491 2022-12-31 12944491 2023-12-31 12944491 2023-01-01 2023-12-31 12944491 frs-core:CurrentFinancialInstruments 2023-12-31 12944491 frs-core:Non-currentFinancialInstruments 2023-12-31 12944491 frs-core:BetweenOneFiveYears 2023-12-31 12944491 frs-core:WithinOneYear 2023-12-31 12944491 frs-core:SharePremium 2023-12-31 12944491 frs-core:ShareCapital 2023-12-31 12944491 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12944491 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 12944491
The Padel Club Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Llama Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12944491
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,087,501 270,217
3,087,501 270,217
CURRENT ASSETS
Stocks 5 23,390 12,268
Debtors 6 842,232 125,335
Cash at bank and in hand 2,543,910 1,844,611
3,409,532 1,982,214
Creditors: Amounts Falling Due Within One Year 7 (710,611 ) (83,833 )
NET CURRENT ASSETS (LIABILITIES) 2,698,921 1,898,381
TOTAL ASSETS LESS CURRENT LIABILITIES 5,786,422 2,168,598
Creditors: Amounts Falling Due After More Than One Year 8 (597,204 ) -
NET ASSETS 5,189,218 2,168,598
CAPITAL AND RESERVES
Called up share capital 11 42 31
Share premium account 5,264,063 2,284,958
Profit and Loss Account (74,887 ) (116,391 )
SHAREHOLDERS' FUNDS 5,189,218 2,168,598
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Gilbert
Director
29/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Padel Club Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12944491 . The registered office is Unit F4, First Floor, Total Fitness Off A34 Handforth, Wilmslow Bypass, Wilmslow, SK9 3PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Court Construction & Prelims: 6.67% straight line
Non court assets: 10% straight line
Leasehold SL
Plant & Machinery SL
Motor Vehicles SL
Fixtures & Fittings SL
Computer Equipment SL
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 10)
23 10
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2024 253,983 43,345 297,328
Additions 1,566,394 1,314,137 2,880,531
As at 31 December 2024 1,820,377 1,357,482 3,177,859
Depreciation
As at 1 January 2024 19,745 7,366 27,111
Provided during the period 43,500 19,747 63,247
As at 31 December 2024 63,245 27,113 90,358
Net Book Value
As at 31 December 2024 1,757,132 1,330,369 3,087,501
As at 1 January 2024 234,238 35,979 270,217
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

Land & Buildings: £549,629
5. Stocks
2024 2023
£ £
Finished goods 23,390 12,268
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,767 32,129
Prepayments and accrued income 179,054 1,058
VAT 94,133 -
297,954 33,187
Due after more than one year
Deferred tax current asset 544,278 92,148
842,232 125,335
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 130,703 -
Trade creditors 501,723 10,634
Other taxes and social security 13,044 8,864
VAT - 10,504
Other creditors 7,659 2,487
Pension creditor (35 ) -
Accruals and deferred income 57,517 51,344
710,611 83,833
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 425,701 -
Accruals and deferred income 171,503 -
597,204 -
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 130,703 -
Later than one year and not later than five years 425,701 -
556,404 -
556,404 -
10. Deferred Taxation
The provision for deferred tax is made up as follows:

Losses Brought forward @ corporation tax rate of 25% £544,278
Page 5
Page 6
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 42 31
Page 6