Totus Tennis Limited
Unaudited Financial Statements
For the year ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 09489394 (England and Wales)
Totus Tennis Limited
Company Information
Directors
K Chidambaram
J Caujolle
Dr K M Greenbank
Company number
09489394
Registered office
9 Appold Street
London
EC2A 2AP
Totus Tennis Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Totus Tennis Limited
Balance Sheet
As at 31 March 2025
31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
2,372,917
2,284,041
Current assets
Debtors
4
103,810
90,193
Cash at bank and in hand
21,853
21,937
125,663
112,130
Creditors: amounts falling due within one year
5
(2,587,466)
(2,553,238)
Net current liabilities
(2,461,803)
(2,441,108)
Net liabilities
(88,886)
(157,067)
Capital and reserves
Called up share capital
6
2,601
2,601
Profit and loss reserves
(91,487)
(159,668)
Total equity
(88,886)
(157,067)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 13 February 2026 and are signed on its behalf by:
K Chidambaram
Director
Company Registration No. 09489394
Totus Tennis Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 2
1
Accounting policies
Company information

Totus Tennis Limited is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office is 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

During the year the company made profit of £68,181 (2024: £117,386) with net liabilities of £88,886 (2024: £157,067).true

The company's operations and investments are related to sport of tennis. The company continues to receive dividends from its investments that will provide sufficient funds for its working capital for at least 12 months of approving the 2025 financial statements.

A t the time of approving the financial statements, the directors also expect the company to continue receiving financial support and forbearance from its shareholders and other investors, and has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Totus Tennis Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
Page 3
1.5
Financial instruments

The company has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the year.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Fixed asset investments
2025
2024
£
£
Loans to group undertakings and participating interests
1,168,523
1,079,647
Other investments other than loans
1,204,394
1,204,394
2,372,917
2,284,041
Totus Tennis Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
3
Fixed asset investments
(Continued)
Page 4
Movements in fixed asset investments
Loans to subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 April 2024
1,079,647
1,204,394
2,284,041
Additions
88,876
-
88,876
At 31 March 2025
1,168,523
1,204,394
2,372,917
Carrying amount
At 31 March 2025
1,168,523
1,204,394
2,372,917
At 31 March 2024
1,079,647
1,204,394
2,284,041
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
103,810
90,193
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
121,614
121,614
Other creditors
2,456,951
2,419,810
Accruals and deferred income
8,901
11,814
2,587,466
2,553,238

Other creditors include a €1,000,000 (2024: €1,000,000) convertible term note secured over all assets of the company. Interest is charged on this amount at 6% (2024: 6%) per annum and is repayable on demand.

Also included in other creditors is £60,000 (2024: £60,000) advanced to the company for conversion into equity at a later date. This advance is unsecured and interest free.

Other creditors also include a loan of $425,000 (2024: $425,000) of which a further $75,000 (2024: $75,000) can be drawn upon if requested. This loan can be converted into equity at a later date, is unsecured and interest free.

Also included in other creditors is a loan of $100,000 (2024: $100,000) of which a further $400,000 (2024: $400,000) can be drawn upon if requested. This loan is unsecured and interest free, and can be converted into equity at a later date.

Totus Tennis Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 5
6
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
2,301 Ordinary Shares of £1 each of £1 each
2,301
2,301
300 Ordinary Shares of £1 each of £1 each
300
300
2,601
2,601

Shares rank pari passu in all respects.

7
Capital commitments

The company has committed to providing further loans to its investments as follows:

- An amount of €400,000 (2024: €400,000) can be drawn down over the next two years to fund working capital. At the balance sheet date an amount of £278,738 (2024: £278,738) had been drawn down.

- An amount of €2,500,000 (2024: €2,500,000) can be drawn down over the next two years to fund working capital. At the balance sheet date an amount of £321,117 (2024: £321,117) had been drawn down.

- An amount of US$250,000 (2024: US$250,000) can be drawn down to fund working capital. At the balance sheet date an amount of £51,644 (2024: £51,644) had been drawn down.

Balances with related parties

The following amounts were outstanding at the reporting end date:

Amounts owed by
Amounts owed to
related parties
related parties
2025
2024
2025
2024
£
£
£
£
Entities with control, joint control or significant influence over the company
-
0
-
0
121,614
121,614
Other related parties
-
0
-
0
561,230
561,230
9
Parent company

The company was under the immediate control of Pampelonne Organisation SAS during the year, a company registered in France. Since the Balance Sheet date control was transferred to E-Motion SARL, a company registered in France.

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