REGISTERED NUMBER: 14405468 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PADELSTARS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A J Knee

Mr J D Brooke

Mr T T B Mayhew

Mr S J Turnbull

Mr J R E Andrew

REGISTERED OFFICE:

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

REGISTERED NUMBER:

14405468 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Tangible assets

4

5,588,251

3,027,570

CURRENT ASSETS

Stocks

48,469

23,536

Debtors

5

150,803

171,402

Cash at bank

4,535,758

2,692,847

4,735,030

2,887,785

CREDITORS

Amounts falling due within one year

6

447,654

384,123

NET CURRENT ASSETS

4,287,376

2,503,662

TOTAL ASSETS LESS CURRENT LIABILITIES

9,875,627

5,531,232

CAPITAL AND RESERVES

Called up share capital

8

11

9

Share premium

9,570,768

5,875,539

Retained earnings

304,848

(344,316

)

SHAREHOLDERS' FUNDS

9,875,627

5,531,232

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 and authorised for issue by the Board of Directors and authorised for issue on 14 September 2026 and were signed on its behalf by:

Mr J D Brooke - Director

1.	STATUTORY INFORMATION

Padelstars 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.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services net of value added tax, in the ordinary course of the company's activities.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. Membership turnover is recognised on receipt. Shop turnover is recognised at the point of retail sale.

Tangible fixed assets

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

Clubhouse and facilities

-

Straight line over 25 years, Straight line over 20 years and Straight line over 15 years

Fixtures and fittings

-

25% on reducing balance, 15% on reducing balance and 10% on cost

Computer equipment

-

33% on cost

Assets under construction are not depreciated until they are brought into use.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Clubhouse

Fixtures

and

and

Computer

facilities

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2025

2,909,892

157,473

9,279

3,076,644

Additions

2,664,072

103,911

12,668

2,780,651

Disposals

(200

)

(13,768

)

-

(13,968

)

At 31 December 2025

5,573,764

247,616

21,947

5,843,327

DEPRECIATION

At 1 January 2025

39,822

7,788

1,464

49,074

Charge for year

174,653

27,373

4,837

206,863

Eliminated on disposal

-

(861

)

-

(861

)

At 31 December 2025

214,475

34,300

6,301

255,076

NET BOOK VALUE

At 31 December 2025

5,359,289

213,316

15,646

5,588,251

At 31 December 2024

2,870,070

149,685

7,815

3,027,570

5.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Trade debtors

2,893

55,713

Other debtors

133,560

86,989

136,453

142,702

Amounts falling due after more than one year:

Other debtors

14,350

28,700

Aggregate amounts

150,803

171,402

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

97,422

220,624

Taxation and social security

49,562

24,330

Other creditors

300,670

139,169

447,654

384,123

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

133,000

103,000

Between one and five years

532,000

412,000

In more than five years

2,860,917

2,388,917

3,525,917

2,903,917

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

11,369,921

Ordinary

£0.000001

11

9

13,220

Ordinary B

£0.000001

-

-

11

9

2,701,037 Ordinary shares of £0.000001 each were allotted as fully paid at a premium of £1.38 per share during the year.

9.	ULTIMATE CONTROLLING PARTY

There is no controlling party or ultimate controlling party.