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Registered number: OC443118
AD GLOBAL SPORTS LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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AD GLOBAL SPORTS LLP
REGISTERED NUMBER:OC443118
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STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Loans and other debts due to members
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AD GLOBAL SPORTS LLP
REGISTERED NUMBER:OC443118
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2025
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.
The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.
The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
The notes on pages 3 to 5 form part of these financial statements.
AD Global Sports LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
AD Global Sports LLP is a limited liability partnership incorporated and registered in England and Wales with its registered office at 2nd Floor Connaught House, 1-3 Mount Street, (Entrance Via Davies Street), London, W1K 3NB.
The principal activity of the LLP is of sports consultancy services.
The LLP's functional and presentation currency is £ Sterling.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
Enter text here regarding going concern basis...
Turnover comprises fees receivable for consultancy services and commission receivable. Turnover excludes Value Added Tax.
Fee income is recognised in the period in which the consultancy services are provided.
Commission income is recognised when the LLP has an unconditional right to receive the income.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term debtors are measured at the transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price.
The LLP had no employees during the year or in the preceding year.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Investments in subsidiary companies
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Loans and other debts due to members
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Other amounts due to members
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Loans and other debts due to members may be further analysed as follows:
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Falling due within one year
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Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
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Related party transactions
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The members of the LLP are related parties by virtue of their membership of the LLP.
During the year, the LLP paid £32,136 to two members (2024: £32,136) in respect of the business use of parts of their homes. The amounts were agreed by reference to the proportion of the relevant premises used for the LLP’s business and the costs incurred by the members in providing that accommodation.
During the year, the LLP provided an interest-free loan of £35,000 (2024: £nil) to the wife of one of the members. An amount of £17,500 was outstanding at the reporting date. The outstanding amount was repaid in full in November 2025. The loan was unsecured.
At the reporting date, amounts due to members totalled £111,714 (2024: £57,381). These amounts comprise members’ current account balances and are repayable on demand. No interest was charged, and the balances were unsecured.
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