REGISTERED NUMBER: SC611537 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Game4padel Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

255,742

271,529

Tangible assets

5

6,269,278

3,882,366

Investments

6

89,640

-

6,614,660

4,153,895

CURRENT ASSETS

Stocks

56,180

153,096

Debtors

7

2,660,562

1,732,220

Cash at bank

3,004,908

2,745,658

5,721,650

4,630,974

CREDITORS

Amounts falling due within one year

8

(1,429,922

)

(491,069

)

NET CURRENT ASSETS

4,291,728

4,139,905

TOTAL ASSETS LESS CURRENT LIABILITIES

10,906,388

8,293,800

CREDITORS

Amounts falling due after more than one year

9

(1,461,820

)

(950,593

)

NET ASSETS

9,444,568

7,343,207

CAPITAL AND RESERVES

Called up share capital

215,833

203,353

Share premium

10,302,611

8,822,891

Retained earnings

(1,073,876

)

(1,683,037

)

9,444,568

7,343,207

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 9 September 2026 and were signed on its behalf by:

Mr J C McMahon - Director

1.	STATUTORY INFORMATION

Game4padel Limited is a private company, registered in Scotland. 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 turnover due to venue partners, discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets and depreciation

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

Plant and machinery etc

-

33% on cost and 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2024

and 30 September 2025

315,725

AMORTISATION

At 1 October 2024

44,196

Charge for year

15,787

At 30 September 2025

59,983

NET BOOK VALUE

At 30 September 2025

255,742

At 30 September 2024

271,529

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

4,656,215

Additions

3,356,261

Disposals

(255,728

)

At 30 September 2025

7,756,748

DEPRECIATION

At 1 October 2024

773,849

Charge for year

713,621

At 30 September 2025

1,487,470

NET BOOK VALUE

At 30 September 2025

6,269,278

At 30 September 2024

3,882,366

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

89,640

At 30 September 2025

89,640

NET BOOK VALUE

At 30 September 2025

89,640

The investment in Subsidiary represents the investments in Game4Padel Australia and Padel Scotland Limited.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

as restated

£

£

Trade debtors

800,534

479,373

Amounts owed by group undertakings

1,758,218

1,151,943

Other debtors

101,810

100,904

2,660,562

1,732,220

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

as restated

£

£

Bank loans and overdrafts

7,031

11,721

Finance leases

85,243

-

Trade creditors

844,623

310,590

Taxation and social security

74,815

144,565

Other creditors

418,210

24,193

1,429,922

491,069

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

as restated

£

£

Bank loans

-

6,717

Finance leases

126,070

-

Other creditors

1,335,750

943,876

1,461,820

950,593

10.	RELATED PARTY DISCLOSURES

At the year end there remains balances due from related subsidiary parties as follows:

Game4Padel Australia £1,577,584 (2024: £1,105,192)

G4P(IP) Limited £17,740 (2024: £Nil)

Padel Scotland Limited £46,751 (2024: £46,751)