The members of the limited liability partnership have elected not to include a copy of the income statement within the financial statements.

For the financial year ended 31 March 2026 the limited liability partnership was entitled to exemption from audit under section 480 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to dormant limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

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

YFM Executives' Partnership Growth III GP LLP is a limited liability partnership incorporated in England and Wales. The registered office is c/o Addleshaw Goddard LLP, 24 St Andrews Square, Edinburgh, EH2 1AF.

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in May 2024, together with 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 limited liability partnership. 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.

At the time of approving the financial statements, the members have a reasonable expectation that the limited liability partnership has adequate resources to continue in operational existence for the foreseeable future. Thus the members continue to adopt the going concern basis of accounting in preparing the financial statements.

The limited liability partnership has not traded during the financial period. During this time, the limited liability partnership received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

The average number of persons (excluding members) employed by the partnership during the year was:

The LLP's immediate parent company is YFM Private Equity Limited.

After a group restructure was finalised on 23 January 2026, the ultimate parent entity and controlling party at the balance sheet date is now Carter Bidco Ltd, a company incorporated in England and Wales. Carter Bidco Ltd's first financial period end is 31 March 2027, after which point will produce group financial statements that contain the LLP's results for that financial period. These group financial statements will be available on Companies House.

The LLP's previous ultimate parent entity and controlling party, YFM Equity Partners LLP, prepares group accounts which include this LLP for the financial year ending 31 March 2026. Copies of the accounts can be obtained from Companies House, Crown Way, Cardiff, CF4 3UZ.