UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

LEAGUESAVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J R Morris

Mrs C C Morgan

SECRETARY:

Mrs C C Morgan

REGISTERED OFFICE:

3 Higham Cottages

Higham

Robertsbridge

East Sussex

TN32 5PS

REGISTERED NUMBER:

02658654 (England and Wales)

ACCOUNTANTS:

Radmor Accountancy Services Limited

3 Higham Cottages

Higham

Robertsbridge

East Sussex

TN32 5PS

FIXED ASSETS

Investments

4

2,000,000

2,000,000

CURRENT ASSETS

Debtors

5

2,570,076

2,463,256

Cash at bank

35,777

55,757

2,605,853

2,519,013

CREDITORS

Amounts falling due within one year

6

4,634,420

4,522,568

NET CURRENT LIABILITIES

(2,028,567

)

(2,003,555

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,567

)

(3,555

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(28,667

)

(3,655

)

SHAREHOLDERS' FUNDS

(28,567

)

(3,555

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 17 April 2026 and were signed on its behalf by:

M J R Morris - Director

1.	STATUTORY INFORMATION

Leaguesave 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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

The company's wholly owned subsidiary is registered in Panama under the name of Panera Services Limited Corp but due to regulations of Companies House it is registered in UK as Panera Services. The investment is shown at cost.

Foreign borrowings

The company financed a loan to its subsidiary by entering into a loan agreement denominated in pesetas which has subsequently been converted to euros. The exchange rates used are €1 = Pts 166.386 and at 31 December 2025 £1 = €1.146396 (2024 - €1.2046).

Going concern

The financial statements have been prepared on a going concern basis. This assumes that the company will continue in operation for the foreseeable future and to this end the beneficial owners have confirmed that they will provide continued financial support.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Subsidiary undertakings

2025

2024

£

£

Panera Services Limited Corp (Panama)

2,000,000

2,000,000

The company has been registered, under the name of Panera Services, as an oversea company in England & Wales, due to it having a UK establishment. It is a 100% held subsidiary. The Spanish branch of Panera Services Limited Corp has the following subsidiary undertakings:

Percentage

held

Panera Estepona SL (Spain)

100%

Las Fuentes Playa SL (Spain)

100%

The financial position of the Panera branch and its subsidiary companies at 31 December 2025 (denominated in the currency shown) was as follows:

Aggregate capital and reserves

Profit for the year

€

€

Panera Services Suc. Espana branch

(154,045

)

(461

)

Panera Estepona SL

1,223,453

56,061

Las Fuentes Playa SL

(166,157

)

(3,747

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

2,570,076

2,463,256

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

4,632,969

4,521,317

Other creditors

1,451

1,251

4,634,420

4,522,568

7.	CONTINGENT LIABILITIES

There were no contingent liabilities at the year end.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

M J R Morris supplies administrative and accounting services through Radmor Accountancy Services Limited, of which he is a director.

9.	RELATED PARTY DISCLOSURES

Inter group balances and shareholder's loans are reported in other notes to these financial statements.

10.	POST BALANCE SHEET EVENTS

There are no significant post balance sheet events to report.