ACCOUNTS - Final Accounts preparation

Registered number: 16039941

THE PADEL HUB RG1 LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2025

THE PADEL HUB RG1 LTD

REGISTERED NUMBER: 16039941

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025
Note		£

Fixed assets
Tangible assets	4		475,243
			475,243
Current assets
Debtors: amounts falling due after more than one year	5	74,658
Debtors: amounts falling due within one year	5	259,405
Cash at bank and in hand	6	14,009
		348,072
Creditors: amounts falling due within one year	7	(1,027,735)
Net current (liabilities)/assets			(679,663)
Total assets less current liabilities			(204,420)

Net (liabilities)/assets			(204,420)

Capital and reserves
Called up share capital			100
Profit and loss account			(204,520)
			(204,420)

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THE PADEL HUB RG1 LTD

REGISTERED NUMBER: 16039941

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

E Pilnikova

Director

Date: 23 October 2026

The notes on pages 3 to 7 form part of these financial statements.

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THE PADEL HUB RG1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Padel Hub RG1 Limited is a private company limited by shares, incorporated in the United Kingdom and registered in England and Wales (registered number: 16039941). The registered office address is Unit 1 Albion close, Slough, England, SL2 5DT.

The primary activity of the Company is the operation of sports facilities.

The financial statements are presented in Sterling, which is the functional currency of the Company

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

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THE PADEL HUB RG1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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THE PADEL HUB RG1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	10%	Straight Line
Fixtures and fittings	-	25%	Straight Line
Office equipment	-	25%	Reducing Balance
Computer equipment	-	25%	Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including the director, during the period was as follows:

			31 December
			2025
			No.

		Directors	1

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THE PADEL HUB RG1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

	Long-term leasehold property	Fixtures and fittings	Office equipment	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
Additions	502,449	12,045	5,825	916	521,235
At 31 December 2025	502,449	12,045	5,825	916	521,235
Depreciation
Charge for the period on owned assets	42,452	2,189	1,122	229	45,992
At 31 December 2025	42,452	2,189	1,122	229	45,992
Net book value
At 31 December 2025	459,997	9,856	4,703	687	475,243

	The net book value of land and buildings may be further analysed as follows:
					2025
					£

	Long leasehold	459,997
		459,997

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THE PADEL HUB RG1 LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

5.	Debtors
		2025
		£

	Due after more than one year
	Other debtors	74,658
		74,658

					2025
					£

	Due within one year
	Trade debtors	26,147
	Amounts owed by group undertakings	7,067
	Other debtors	149,596
	Prepayments and accrued income	76,595
		259,405

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	14,009
		14,009

7.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	23,339
	Amounts owed to group undertakings	909,422
	Other taxation and social security	1,785
	Accruals and deferred income	93,189
		1,027,735

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