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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
Page
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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
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Padel Sports Ltd Statement of financial position as at 31 December 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
79,305 
- 
Tangible assets
4,823,756 
2,585,140 
4,903,061 
2,585,140 
Current assets
Inventories
44,776 
48,883 
Debtors
541,181 
193,760 
Cash at bank and in hand
3,321,530 
1,874,600 
3,907,487 
2,117,243 
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 
Capital and reserves
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
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Padel Sports Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Pension costs
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.
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Padel Sports Ltd Notes to the Accounts for the year ended 31 December 2025
Leased assets
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
Investments in shares are included at fair value.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2025
- 
Additions
83,579 
At 31 December 2025
83,579 
Amortisation
At 1 January 2025
- 
Charge for the year
4,274 
At 31 December 2025
4,274 
Net book value
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 
Depreciation
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 
Net book value
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 
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Padel Sports Ltd Notes to the Accounts for the year ended 31 December 2025
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
115,467 
- 
Trade debtors
141,994 
77,265 
Accrued income and prepayments
113,329 
40,910 
Other debtors
- 
585 
370,790 
118,760 
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 
VAT
- 
796 
Trade creditors
1,004,343 
76,322 
Taxes and social security
61,429 
141,301 
Other creditors
676 
797 
Loans from directors
(100,911)
(910)
Accruals
895,527 
335,046 
Deferred income
105,387 
77,598 
2,297,472 
688,020 
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 
2,215,043 
2,206,920 
9
Share capital
2025 
2024 
£ 
£ 
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 
2,159.80 
2,019.40 
Shares issued during the period:
702,019 B Ordinary shares of £0.0002 each
140 
- 7 -
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 
5,559,025 
1,168,397 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Houman Ashrafzadeh
911 
100,000 
- 
100,911 
911 
100,000 
- 
100,911 
12
Average number of employees
During the year the average number of employees was 17 (2024: 13).
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