REGISTERED NUMBER: 16086139 (England and Wales)

EXPRESS PADEL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 18 NOVEMBER 2024 TO 30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Neale

H Powell

REGISTERED OFFICE:

King Arthurs Court Maidstone Road

Charing

Ashford

TN27 0JS

REGISTERED NUMBER:

16086139 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

CURRENT ASSETS

Stocks

92,962

Debtors

4

23,660

Cash at bank

61,903

178,525

CREDITORS

Amounts falling due within one year

5

(100,982

)

NET CURRENT ASSETS

77,543

TOTAL ASSETS LESS CURRENT LIABILITIES

77,543

CREDITORS

Amounts falling due after more than one year

6

(100,000

)

NET LIABILITIES

(22,457

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(22,557

)

(22,457

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

A J Neale - Director

1.	STATUTORY INFORMATION

Express Padel Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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.

Trading status

The company was incorporated on 18/11/2024 and commenced trading on 01/04/2025. Accordingly, the results for the period reflect trading activity from the commencement date only.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

23,660

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

36,081

Social security and other taxes

558

VAT

11,139

Directors' current accounts

51,529

Accrued expenses

1,675

100,982

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other loans - 2-5 years

100,000

The company has an unsecured loan of £100,000. The loan bears interest at 7% per annum and is repayable after more than one year from the balance sheet date. Accordingly, it is classified as a non-current liability. The loan is not secured on any of the company’s assets and no covenants exist which would require repayment within 12 months of the balance sheet date.