For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Clarets Go Large Limited is a private company limited by shares, domiciled and incorporated in England and Wales. The registered office is 12 Brook House, Chapel Place, Rivington Street, London, United Kingdom, EC2A 3SJ.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Interests in subsidiaries, other investments and associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments. Interest has not been accrued on some of these balances due to the terms attached.

Basic financial instruments are measured at cost or fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The average monthly number of persons (including directors) employed by the company during the year was:

In October 2024, the Company purchased 100% of the share capital of MBA Michael Bailey Associates Holding BV, a company incorporated in the Netherlands, from MBA Michael Bailey Associates Plc, a Company under common control, for a sum of €13m.

Details of the company's subsidiaries at 31 May 2025 are as follows:

On 25 October 2024, the company entered into a €1,000,000 term loan facility agreement as lender with MBA Michael Bailey Associates Holding B.V. as borrower. The facility may be drawn in up to five separate loans, subject to a maximum aggregate principal amount.

The Company is only obliged to fund once it has received a duly executed Receivables Deed of Pledge. No amounts had been advanced under the facility at the balance sheet date.

At the balance sheet date, the company is owed £9,677,690 (2024: £6,992,771) by companies under common control and common directorship. Interest of £463,962 (2024: £264,520) was charged on the balances during the year. The amounts are repayable on demand.

During the year, the company made donations of £34,500 (2024: £11,550) to a charity in which the director is a trustee.

The company has taken the available exemption relating to disclosure of balances with wholly owned subsidiaries.

The ultimate controlling party is M Garlick by virtue of his majority shareholding.