Company Registration No. 13460976 (England and Wales)
Padel Sports Ltd
Unaudited accounts
for the year ended 31 December 2025
Padel Sports Ltd
Unaudited accounts
Contents
Padel Sports Ltd
Company Information
for the year ended 31 December 2025
Directors
Houman Ashrafzadeh
Par Carl Gert Ceder
Company Number
13460976 (England and Wales)
Registered Office
9 Devonshire Mews South
Greater London
W1G 6QW
United Kingdom
Accountants
Gains Accountants
Queen Elizabeth Olympic Park
Plexal, 14 East Bay Lane
London
E20 3BS
Padel Sports Ltd
Statement of financial position
as at 31 December 2025
Intangible assets
79,305
-
Tangible assets
4,823,756
2,585,140
Cash at bank and in hand
3,321,530
1,874,600
Creditors: amounts falling due within one year
(2,297,472)
(688,020)
Net current assets
1,610,015
1,429,223
Total assets less current liabilities
6,513,076
4,014,363
Creditors: amounts falling due after more than one year
(2,215,043)
(2,206,920)
Net assets
4,298,033
1,807,443
Called up share capital
2,160
2,019
Share premium
2,524,177
924,317
Profit and loss account
1,771,696
881,107
Shareholders' funds
4,298,033
1,807,443
For the year ending 31 December 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by
Houman Ashrafzadeh
Director
Company Registration No. 13460976
Padel Sports Ltd
Notes to the Accounts
for the year ended 31 December 2025
Padel Sports Ltd is a private company, limited by shares, registered in England and Wales, registration number 13460976. The registered office is 9 Devonshire Mews South, Greater London, W1G 6QW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Fixtures & fittings
Straight line over term of lease
Computer equipment
20% Straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Padel Sports Ltd
Notes to the Accounts
for the year ended 31 December 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments in shares are included at fair value.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2025
83,579
At 31 December 2025
79,305
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
55,777
2,996,821
69,241
3,121,839
Additions
258,659
2,410,974
17,059
2,686,692
At 31 December 2025
314,436
5,407,795
86,300
5,808,531
At 1 January 2025
12,798
496,421
27,480
536,699
Charge for the year
33,182
399,165
15,729
448,076
At 31 December 2025
45,980
895,586
43,209
984,775
At 31 December 2025
268,456
4,512,209
43,091
4,823,756
At 31 December 2024
42,979
2,500,400
41,761
2,585,140
Padel Sports Ltd
Notes to the Accounts
for the year ended 31 December 2025
Amounts falling due within one year
Trade debtors
141,994
77,265
Accrued income and prepayments
113,329
40,910
Amounts falling due after more than one year
Other debtors
170,391
75,000
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
331,021
57,070
Trade creditors
1,004,343
76,322
Taxes and social security
61,429
141,301
Loans from directors
(100,911)
(910)
Deferred income
105,387
77,598
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,294,043
185,920
Other creditors
921,000
2,021,000
Allotted, called up and fully paid:
5,000,000 A Ordinary shares of £0.0002 each
1,000.00
1,000.00
5,702,019 B Ordinary shares of £0.0002 each
1,140.40
1,000.00
97,031 C Ordinary shares of £0.0002 each
19.40
19.40
Shares issued during the period:
702,019 B Ordinary shares of £0.0002 each
140
Padel Sports Ltd
Notes to the Accounts
for the year ended 31 December 2025
10
Operating lease commitments
2025
2024
At 31 December 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
452,970
135,000
Later than one year and not later than five years
1,811,880
540,000
Later than five years
3,294,175
493,397
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
12
Average number of employees
During the year the average number of employees was 17 (2024: 13).