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REGISTERED NUMBER: OC427252 (England and Wales)

| MATHYS & SQUIRE EUROPE LLP |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

MATHYS & SQUIRE EUROPE LLP (REGISTERED NUMBER: OC427252)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

General Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

MATHYS & SQUIRE EUROPE LLP

GENERAL INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DESIGNATED MEMBERS: | Dr P D Cozens

| Dr M R Maclean

| REGISTERED OFFICE: | The Shard

| 32 London Bridge Street

| London

| SE1 9SG

| REGISTERED NUMBER: | OC427252 (England and Wales)

MATHYS & SQUIRE EUROPE LLP (REGISTERED NUMBER: OC427252)

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 |  | 2024

| Notes | € | € |

CURRENT ASSETS

Debtors | 4 | 38,207 |  | 38,207 |  |

Cash at bank | 9,609 |  | 9,609 |  |

47,816 |  | 47,816 |  |

CREDITORS

Amounts falling due within one year | 5 | 91,558 |  | 91,558 |  |

NET CURRENT LIABILITIES | (43,742 | ) | (43,742 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET LIABILITIES ATTRIBUTABLE TO MEMBERS | (43,742 | ) | (43,742 | ) |

LOANS AND OTHER DEBTS DUE TO MEMBERS | - |  | - |  |

MEMBERS' OTHER INTERESTS

Other reserves | 6 | (43,742 | ) | (43,742 | ) |

(43,742 | ) | (43,742 | ) |

TOTAL MEMBERS' INTERESTS

Members' other interests | (43,742 | ) | (43,742 | ) |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

MATHYS & SQUIRE EUROPE LLP (REGISTERED NUMBER: OC427252)

STATEMENT OF FINANCIAL POSITION - continued

31 MARCH 2025

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 28 November 2025 and were signed by:

Dr P D Cozens - Designated member

MATHYS & SQUIRE EUROPE LLP (REGISTERED NUMBER: OC427252)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Mathys & Squire Europe LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

| The presentation currency of the financial statements is the Euro (€).

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"), the Companies Act 2006 as applied to LLPs 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. The financial statements have been prepared under the historical cost convention.

| The principal accounting policies applied in the preparation of these financial statements are set out below.

| Significant judgements and estimates

| In the application of the LLP's accounting policies, management are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period or in the period of the revision and future periods if the revision affects both current and future periods.

| The items in the financial statements where these judgements and estimates have been made include the recoverability of debtors at the date of the Statement of Financial position.

| Recoverability of related party debtors

| The members assess the recoverability of related party debtor balances at the reporting date and make provisions against balances where deemed necessary. The members review the financial position of related party companies to assess their ability to repay the debt.

| Cash and cash equivalents

| Financial instruments

| Short-term debtors, including trade debtors and other debtors, are measured at transaction price less impairment. Where the arrangement constitutes a financing transaction, it is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Short-term creditors, including trade creditors and other creditors are measured at the transaction price. Where the arrangement constitutes a financing transaction, the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into Euros at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MATHYS & SQUIRE EUROPE LLP (REGISTERED NUMBER: OC427252)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Members' interests

| Capital

| Capital requirements are determined by the designated members and are reviewed at least annually. Senior equity members and intermediate members are required to subscribe a proportion of that capital, with the amounts being determined by reference to profit sharing ratios. Capital is repaid to members on the date members cease to be members. Members' capital is recognised as a liability.

| Allocation of profits and drawings

| Profits are determined, allocated and divided between members after the finalisation of the financial statements. The membership has not formally allocated profits relating to the current period.

| During the period members received monthly drawings, representing payments on account of current period profits and are reclaimable from members until such time as profits have been formally allocated to them. Payments to members on account of profits are recognised as debtors until profits are formally allocated.

| Members' participation rights

| Members' participation rights are the rights of a member against the LLP 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 LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 102. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

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

| Where profits are automatically divided as they arise, so the LLP 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 period end, they are shown as liabilities in the Statement of Financial Position.

| Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP 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 LLP 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.'

| Upon retirement as a member, capital and any amounts due to the member are repaid and as such are treated as a liability in the Statement of Financial Position.

MATHYS & SQUIRE EUROPE LLP (REGISTERED NUMBER: OC427252)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| The taxation on the profits of the LLP is the personal tax liability of the members during the period and consequently neither taxation nor related deferred taxation are accounted for in the financial statements. Amounts retained for members' personal tax liabilities are treated in the same way as other profits of the partnership and are so included in 'Members interests' or 'Loans and other debts due to members' depending on whether or not an allocation of profits has occurred.

| Provisions

| Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

| The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2024 - NIL).

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

€ | € |

| Trade debtors | 32,116 |  | 32,116 |  |

| Other debtors | 6,091 |  | 6,091 |  |

38,207 |  | 38,207 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

€ | € |

| Bank loans and overdrafts | 9 |  | 9 |  |

| Other creditors | 90,549 |  | 90,549 |  |

| Accruals and deferred income | 1,000 |  | 1,000 |  |

91,558 |  | 91,558 |  |

6. | RESERVES

| Loss incurred in the current and prior year has been allocated to Other reserves.

7. | RELATED PARTY DISCLOSURES

| At the statement of financial position date other creditors include 90,549 Euros (2024 - 90,549 Euros) owing to related parties. The balances are interest-free and repayable on demand.

| These balances were interest free and repayable on demand.