REGISTERED NUMBER: 14708612 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2026

for

Atmos Padel Limited

Previously known as

Padel Project UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R S Keane

C A Mathias

M A Mathias

E Van Meerteren

B J Lacey

REGISTERED OFFICE:

3rd Floor, Cypress House

3 Grove Avenue

Wilmslow

SK9 5EG

REGISTERED NUMBER:

14708612 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Great North House

20 Allington Way

DARLINGTON

Co Durham

DL1 4QB

FIXED ASSETS

Intangible assets

4

155,674

130,000

Tangible assets

5

1,267,842

888,176

1,423,516

1,018,176

CURRENT ASSETS

Stocks

6

19,780

13,225

Debtors

7

163,159

10,955

Cash at bank

472,368

818,889

655,307

843,069

CREDITORS

Amounts falling due within one year

8

(321,904

)

(124,828

)

NET CURRENT ASSETS

333,403

718,241

TOTAL ASSETS LESS CURRENT LIABILITIES

1,756,919

1,736,417

CAPITAL AND RESERVES

Called up share capital

10

2,587

2,587

Share premium

2,447,550

2,447,550

Retained earnings

(693,218

)

(713,720

)

SHAREHOLDERS' FUNDS

1,756,919

1,736,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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 25 September 2026 and were signed on its behalf by:

R S Keane - Director

1.	STATUTORY INFORMATION

Atmos Padel 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition

Income is recognised when the service has been provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Development costs - no amortisation is charged on assets under construction until they are completed and brought into use.

Tangible fixed assets

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

Computer Equipment - 20% straight line

Fixtures and fittings - 20% straight line

Plant & Machinery - 10% reducing balance

Improvements to property - 10% reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Capital in progress

Capital in progress comprises costs directly attributable to the development of new locations that are not yet available for use,. upon completion and commencement of operations, the costs are transferred to tangible fixed assets and depreciated in accordance with the company's accounting policy.

Where a project is abandoned or no longer expected to proceed, the associated costs are written off to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Goodwill

costs

Totals

£

£

£

COST

At 1 July 2025

150,000

-

150,000

Additions

-

35,674

35,674

At 30 June 2026

150,000

35,674

185,674

AMORTISATION

At 1 July 2025

20,000

-

20,000

Amortisation for year

10,000

-

10,000

At 30 June 2026

30,000

-

30,000

NET BOOK VALUE

At 30 June 2026

120,000

35,674

155,674

At 30 June 2025

130,000

-

130,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 July 2025

-

980,736

4,348

5,135

990,219

Additions

1,850

478,406

9,882

15,003

505,141

At 30 June 2026

1,850

1,459,142

14,230

20,138

1,495,360

DEPRECIATION

At 1 July 2025

-

98,869

1,804

1,370

102,043

Charge for year

62

120,594

2,216

2,603

125,475

At 30 June 2026

62

219,463

4,020

3,973

227,518

NET BOOK VALUE

At 30 June 2026

1,788

1,239,679

10,210

16,165

1,267,842

At 30 June 2025

-

881,867

2,544

3,765

888,176

6.

STOCKS

2026

2025

£

£

Stocks

19,780

13,225

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,139

-

Other debtors

6,330

6,497

Capital in progress

125,653

-

Prepayments and accrued income

29,037

4,458

163,159

10,955

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

184,147

61,890

Taxation and social security

62,067

2,709

Other creditors

2,177

5,199

Accruals and deferred income

73,513

55,030

321,904

124,828

9.	LEASING AGREEMENTS

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

2026

2025

£

£

Within one year

83,375

6,092

Between one and five years

338,953

27,000

In more than five years

791,487

15,500

1,213,815

48,592

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2,450,000

Ordinary A

£0.00

1

2,450

2,450

136,842

Ordinary B

£0.00

1

137

137

2,587

2,587