European Life Settlement Association

European Life Settlement Association
Contents Page
For the year ended 31 August 2025

Accountants' report	1
Balance sheet	2
Notes to the financial statements	3

European Life Settlement Association Accountants' Report For the year ended 31 August 2025
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of European Life Settlement Association for the year ended 31 August 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of European Life Settlement Association for the year ended 31 August 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of European Life Settlement Association , as a body, in accordance with the terms of our engagement letter dated 07 January 2020. Our work has been undertaken solely to prepare for your approval the accounts of European Life Settlement Association and state those matters that we have agreed to state to the Board of Directors of European Life Settlement Association , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than European Life Settlement Association and its Board of Directors as a body for our work or for this report. It is your duty to ensure that European Life Settlement Association has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of European Life Settlement Association . You consider that European Life Settlement Association 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 accounts of European Life Settlement Association . 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 accounts for 31 August 2025. Lizst Price Accounting Limited 15 Falcon Way Brackley NN136PZ 23 September 2025 1

European Life Settlement Association
Accountants' Report
For the year ended 31 August 2025

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of European Life Settlement Association for the year ended 31 August 2025.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of European Life Settlement Association for the year ended 31 August 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of European Life Settlement Association , as a body, in accordance with the terms of our engagement letter dated 07 January 2020. Our work has been undertaken solely to prepare for your approval the accounts of European Life Settlement Association and state those matters that we have agreed to state to the Board of Directors of European Life Settlement Association , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than European Life Settlement Association and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that European Life Settlement Association has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of European Life Settlement Association . You consider that European Life Settlement Association 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 accounts of European Life Settlement Association . 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 accounts for 31 August 2025.

Lizst Price Accounting Limited
15 Falcon Way
Brackley
NN136PZ
23 September 2025

1

European Life Settlement Association
Balance Sheet
As at 31 August 2025

	2025 £	2024 £
Current assets
Debtors	40,085	44,225
Cash at bank and in hand	280,951	289,853
	321,036	334,078
Creditors: amount falling due within one year	(125,074)	(128,429)
Net current assets	195,962	205,649

Total assets less current liabilities	195,962	205,649
Net assets	195,962	205,649

Capital and reserves
Profit and loss account	195,962	205,649
Members' funds	195,962	205,649

For the year ended 31 August 2025 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 accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 23 September 2025 and were signed on its behalf by:

-------------------------------
Christopher STUART
Director

2

European Life Settlement Association
Notes to the Abridged Financial Statements
For the year ended 31 August 2025

General Information

European Life Settlement Association is a private company, limited by guarantee, registered in England and Wales, registration number 03819856, registration address 11 St Nicholas Street, 2nd Floor, Suite 202, Weymouth, Dorset, DT4 8AA.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for subscriptions received and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Research and development expenditure

Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.

Website cost

Planning and operating costs for the company's website are charged to the profit and loss account as incurred.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)				Balance owed by/(owed to)
	2025 £		2024 £		2025 £		2024 £
ITSA Group Limited	(184,116)		(191,218)		0		0

Consultancy Fees

3


Registered Number: 03819856
England and Wales
EUROPEAN LIFE SETTLEMENT ASSOCIATION

Abridged Accounts

Period of accounts Start date: 01 September 2024 End date: 31 August 2025