UK ESAM LLP

Statement of Financial Position as at 31 May 2025

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of UK ESAM LLP (registered number OC417481) were approved by the Board and authorised for issue on 29 September 2025. They were signed on behalf of the limited liability partnership by:

......................................... J Müller Designated member

Registration number: OC417481

UK ESAM LLP

Notes to the Financial Statements for the Year Ended 31 May 2025

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland' Section 1A and the Companies Act 2006 as
applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (application of
Companies Act 2006) Regulations 2008 and the requirements of the Statement of Recommended Practice
'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

General information and basis of accounting

The Limited Liability Partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is:

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the Limited Liability Partnership is that of the provision of consultancy services to the sports industry.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items may be shown at fair value.

The functional currency of the Limited Liability Partnership is considered to be Euros as that is the currency of the primary economic environment in which the entity operates. The presentational currency is Pounds Sterling and foreign operations are included in accordance with the policies set out below.

Going concern

The LLP made a loss for the year ended 31 May 2025 of £25,635 and had net assets attributable to members of £760.

The members are hopeful of increased turnover in the forthcoming year as greater business opportunities are envisaged. Therefore, the members are confident that with the current funds available and the funds due from anticipated future fees that the LLP has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the members continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Revenue is recognised to the extent that the limited liability partnership obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Revenue from the rendering of services is measured by reference to the stage of completion of the contracted transfer transaction at the end of the reporting period provided that the outcome can be reliably estimated.

UK ESAM LLP

Notes to the Financial Statements for the Year Ended 31 May 2025

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.

Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the statement of financial position.

Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.

The remainder of profit shares, which have not been allocated until after the Statement of Financial Position date, are treated in these financial statements as unallocated at the Statement of Financial Position date and included within other reserves.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

UK ESAM LLP

Notes to the Financial Statements for the Year Ended 31 May 2025

Members' interests

Members' participation rights are the rights of a member against the Limited Liability Partnership that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the Limited Liability Partnership are analysed between those that are, from the Limited Liability Partnership's perspective, either a financial liability or equity. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the Limited Liability Partnership.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the Limited Liability Partnership has an unconditional right to refuse payment to members. If the Limited Liability Partnership does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the Limited Liability Partnership does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the Income Statement in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the Statement of Financial Position.

Conversely, where profits are divided only after a decision by the Limited Liability Partnership or its representative, so that the Limited Liability Partnership has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the Income Statement and are equity appropriations in the Statement of Financial Position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the Limited Liability Partnership has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position within 'Loans and other debts due to members' and are charged to the Income Statement within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of Financial Position within 'Members' other interests'.

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the Statement of Financial Position date.

Foreign currency

Transactions in foreign currencies are initially recorded at the presentational currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the presentational currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

2	Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 0 (2024 - 0).

UK ESAM LLP

Notes to the Financial Statements for the Year Ended 31 May 2025

3

Debtors

	2025  £	2024  £
Trade debtors	3,990	-
Other debtors	100	84
Prepayments and accrued income	183	24,119
	4,273	24,203

4	Creditors: Amounts falling due within one year

	2025  £	2024  £
Trade creditors	599	-
Accruals and deferred income	3,250	3,000
	3,849	3,000