REGISTERED NUMBER: 05648970 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024

FOR

EXCEL SEARCH & ADVISORY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Matus

REGISTERED OFFICE:

45 Mortimer Street

London

W1W 8HJ

REGISTERED NUMBER:

05648970 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

Corner Oak

1 Homer Road

Solihull

B91 3QG

FIXED ASSETS

Tangible assets

4

89,167

130,202

CURRENT ASSETS

Debtors

5

4,675,465

3,650,974

Cash at bank

653,359

792,875

5,328,824

4,443,849

CREDITORS

Amounts falling due within one year

6

1,350,930

628,125

NET CURRENT ASSETS

3,977,894

3,815,724

TOTAL ASSETS LESS CURRENT LIABILITIES

4,067,061

3,945,926

PROVISIONS FOR LIABILITIES

-

8,254

NET ASSETS

4,067,061

3,937,672

CAPITAL AND RESERVES

Called up share capital

77

77

Capital redemption reserve

23

23

Retained earnings

4,066,961

3,937,572

4,067,061

3,937,672

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 director and authorised for issue on 19 May 2026 and were signed by:

G Matus - Director

1.	STATUTORY INFORMATION

Excel Search & Advisory 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

At the balance sheet date the company has a strong net asset position. Therefore, at the time of approving the financial statements, the directors expect the company to have adequate resources to continue in operational existence for the foreseeable future,being a period of not less than 12 months from the approval of these financial statements. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

33.33% on cost

Office equipment

-

30% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as other creditors and investments in share capital.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date

Taxation

Taxation for the period 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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

168,398

19,397

187,795

Additions

8,986

-

8,986

At 31 December 2024

177,384

19,397

196,781

DEPRECIATION

At 1 April 2024

42,915

14,678

57,593

Charge for period

47,869

2,152

50,021

At 31 December 2024

90,784

16,830

107,614

NET BOOK VALUE

At 31 December 2024

86,600

2,567

89,167

At 31 March 2024

125,483

4,719

130,202

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

752,785

847,114

Amounts owed by group undertakings

3,570,498

2,467,522

Other debtors

352,182

336,338

4,675,465

3,650,974

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade creditors

213,216

95,013

Taxation and social security

350,351

134,029

Other creditors

787,363

399,083

1,350,930

628,125

7.	LEASING AGREEMENTS

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

2024

2024

£

£

Within one year

108,478

117,671

Between one and five years

289,275

353,013

397,753

470,684

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Luke Edwards ACA FCCA (Senior Statutory Auditor)

for and on behalf of Prime

9.	RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Excel SM International (UK) Limited and has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with Excel SM International (UK) Limited or other associated companies within the group.

10.	ULTIMATE CONTROLLING PARTY

The parent company is Excel SM International (UK) Limited, a company registered and domiciled in the United Kingdom. The registered office address of the parent company is 77 Charlotte Street, London, W1T, 4PW.

The ultimate parent company, is Excel Sports Management, LLC,a company registered and domiciled in the United States of America. The registered office address of the parent company is 251 Little Falls Drive, Wilmington, Delaware, United States of America, DE 19808.

Copies of the consolidated financial statements of Excel Sports Management, LLC are available from the registered office address stated above.

There is no ultimate controlling party.