Major League Baseball Europe Limited Company accounts

COMPANY REGISTRATION NUMBER: 06737789

Major League Baseball Europe Limited

Unaudited Financial Statements

31 December 2024

Major League Baseball Europe Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Directors' report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	4

The following pages do not form part of the financial statements

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	7

Major League Baseball Europe Limited

Directors' Report

Year ended 31 December 2024

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Directors

The directors who served the company during the year were as follows:

Mr D Balsamo
Mr C Marnak
Mr B Ladkin	(Appointed 1 September 2024)
Mr R Liu	(Appointed 1 September 2024)
Mr J Small	(Resigned 1 September 2024)
C E Hill	(Resigned 1 September 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 30 June 2025 and signed on behalf of the board by:

Mr B Ladkin	Fulham Management Limited
Director	Company Secretary

Registered office:

York House

1 Seagrave Road

London

SW6 1RP

Major League Baseball Europe Limited

Statement of Income and Retained Earnings

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	7,313,710	7,779,000

Cost of sales	5,950,885	6,303,582
	------------	------------
Gross profit	1,362,825	1,475,418

Administrative expenses	1,362,825	1,475,418

	------------	------------
Profit before taxation	–	–

Tax on profit	–	–
	----	----
Result for the financial year and total comprehensive income	–	–
	----	----

Retained earnings at the start of the year	–	–

All the activities of the company are from continuing operations.

Major League Baseball Europe Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Debtors	5	920,810	724,056

Creditors: amounts falling due within one year	6	739,810	543,056
		---------	---------
Net current assets		181,000	181,000
		---------	---------
Total assets less current liabilities		181,000	181,000

Creditors: amounts falling due after more than one year	7	180,000	180,000
		---------	---------
Net assets		1,000	1,000
		---------	---------

Capital and reserves

Called up share capital	1,000	1,000
	-------	-------
Shareholders funds	1,000	1,000
	-------	-------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 June 2025 , and are signed on behalf of the board by:

Mr B Ladkin
Director

Company registration number: 06737789

Major League Baseball Europe Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is York House, 1 Seagrave Road, London, SW6 1RP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have assessed the going concern status of the Company and have satisfied themselves that there are reasonable grounds to conclude that the Company will continue and will not cease to trade within twelve months from the date of approval of the financial statements. The directors have made this assessment after giving due consideration to the agreement which is in place with the parent undertaking.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2023: 10 ).

5. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	880,007	631,896
Other debtors	40,803	92,160
	---------	---------
	920,810	724,056
	---------	---------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	213,643	100,612
Other creditors	526,167	442,444
	---------	---------
	739,810	543,056
	---------	---------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	180,000	180,000
	---------	---------

8. Related party transactions

During the period the Company invoiced revenue totalling £7,313,710(2023 £7,779,000) to its immediate parent undertaking, Major League Baseball Properties Inc. Included in "Debtors" is £880,007 (2023 £631,896) owed by the parent undertaking, Major League Baseball Properties Inc., as a result of outstanding trading balances with them. Included in "Creditors - due after more than one year" is £180,000 (2023 - £180,000) owed to Major League Baseball Properties Inc., as a result of an initial cash injection into the company. The Companies ultimate parent undertaking and controlling party is Major League Baseball Properties, Inc. It is the largest parent undertaking preparing consolidated financial statements including the company.

Major League Baseball Europe Limited

Management Information

Year ended 31 December 2024

The following pages do not form part of the financial statements.

Major League Baseball Europe Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Major League Baseball Europe Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Major League Baseball Europe Limited for the year ended 31 December 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Major League Baseball Europe Limited, as a body, in accordance with the terms of our engagement letter dated 10 March 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Major League Baseball Europe Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Major League Baseball Europe Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Major League Baseball Europe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Major League Baseball Europe Limited. You consider that Major League Baseball Europe Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Major League Baseball Europe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WYATTS Chartered Accountants

York House 1 Seagrave Road London SW6 1RP

30 June 2025