REGISTERED NUMBER: 14849258 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

PADEL PLUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D J John

REGISTERED OFFICE:

24 The Brambles

Lichfield

Staffordshire

WS14 9SE

REGISTERED NUMBER:

14849258 (England and Wales)

FIXED ASSETS

Tangible assets

4

72,950

85,823

CURRENT ASSETS

Cash at bank

87,999

100,992

CREDITORS

Amounts falling due within one year

5

123,433

121,175

NET CURRENT LIABILITIES

(35,434

)

(20,183

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,516

65,640

CAPITAL AND RESERVES

Called up share capital

6

114

114

Share premium

7

99,979

99,979

Retained earnings

7

(62,577

)

(34,453

)

SHAREHOLDERS' FUNDS

37,516

65,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

D J John - Director

1.	STATUTORY INFORMATION

Padel Plus 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

100,492

477

100,969

DEPRECIATION

At 1 June 2024

15,074

72

15,146

Charge for year

12,813

60

12,873

At 31 May 2025

27,887

132

28,019

NET BOOK VALUE

At 31 May 2025

72,605

345

72,950

At 31 May 2024

85,418

405

85,823

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade creditors

11,995

9,852

VAT

888

703

Other creditors

69,950

69,950

Directors' current accounts

39,950

39,950

Accrued expenses

650

720

123,433

121,175

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid :

Number : Class : Nominal value : £

50,000 A Ordinary 0.1p 50

50,000 B Ordinary 0.1p 50

14,284 C Ordinary 0.1p 14

-------

114

7.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 June 2024

(34,453

)

99,979

65,526

Deficit for the year

(28,124

)

(28,124

)

At 31 May 2025

(62,577

)

99,979

37,402