Excel SM International (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13890385 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2024 TO 31 DECEMBER 2024

FOR

EXCEL SM INTERNATIONAL (UK) 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:

13890385 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

Corner Oak

1 Homer Road

Solihull

B91 3QG

FIXED ASSETS

Investments

4

15,118,893

14,518,893

CREDITORS

Amounts falling due within one year

5

8,587,108

7,931,510

NET CURRENT LIABILITIES

(8,587,108

)

(7,931,510

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,531,785

6,587,383

CREDITORS

Amounts falling due after more than one
year

6

638,934

596,080

NET ASSETS

5,892,851

5,991,303

CAPITAL AND RESERVES

Called up share capital

7

2

Share premium

6,147,821

Retained earnings

(254,972

)

(156,520

)

SHAREHOLDERS' FUNDS

5,892,851

5,991,303

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 SM International (UK) 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 had a strong net asset position. The parent has confirmed that they will continue to support the company for at least the next 12 months and will not recall the loan until they can afford to do so. The company will be able to operate within the facilities available to it for a period of at least 12 months from the date of signing these financial statements.

On that basis, the director has prepared these financial statements on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Excel SM International (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Excel Sports Management, LLC, 251 Little Falls Drive, Wilmington, Delaware, United States of America, DE 19808..

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less accumulated impairment.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

14,518,893

Additions

600,000

At 31 December 2024

15,118,893

NET BOOK VALUE

At 31 December 2024

15,118,893

At 31 March 2024

14,518,893

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Excel Search & Advisory Limited (formerly Nolan Partners Limited)

Registered office: 45 Mortimer Street, London, Greater London, W1W 8HJ

Nature of business: Employment placement agency

%

Class of shares:

holding

Ordinary

100.00

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

£

Trade creditors

2,244

-

Amounts owed to group undertakings

7,934,430

7,323,930

Other creditors

638,934

596,080

Accruals and deferred income

11,500

8,587,108

7,931,510

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

£

Other creditors

638,934

596,080

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

value:

£

2

Ordinary

1

2

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 Sports Management, LLC 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 Sports Management, LLC or other wholly owned subsidiaries within the group.

10.	CONTROLLING PARTY

The 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.