# GLOBAL LEISURE PARTNERS, LLC X-17A-5 (2026-06-24) — Broker-dealer annual report - Company: GLOBAL LEISURE PARTNERS, LLC - Form: X-17A-5 - Filed: 2026-06-24 - Period: 2026-03-31 - Accession: 0001318201-26-000004 - CIK: 1318201 - File #: 8-66837 - Type: Broker-dealer - Material weakness: No - Auditor: WithumSmith Brown, PC - Auditor location: Whippany, X0 - Contact: Maja Spalevic - Phone: 07769143646 - Email: majaspalevic@glp.us.com - Website: globalleisurepartners.com - Signed by: Maja Spalevic (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1318201/000131820126000004/Long.pdf --- {0}------------------------------------------------ # GLOBAL LEISURE PARTNERS, LLC FINANCIAL STATEMENTS AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM March 31, 2026 (CONFIDENTIAL PURSUANT TO RULE 17a-5(e)(3)) This report is deemed CONFIDENTIAL in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934. A statement of financial condition bound separately has been filed with the Securities and Exchange Commission simultaneously herewith as a PUBLIC document. {1}------------------------------------------------ # UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 # ANNUAL REPORTS FORM X-17A-5 PART III SEC FILE NUMBER | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | |-----------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|-----------------|--------------------------------------------| | FILING FOR THE PERIOD BEGINNING | 04/01/2025 | AND ENDING | 03/31/2026 | | | MM/DD/YY | | MM/DD/YY | | | A. REGISTRANT IDENTIFICATION | | | | Global Leisure Partners LLC
NAME OF FIRM: | | | | | TYPE OF REGISTRANT (check all applicable boxes):
Broker-dealer
Check here if respondent is also an OTC derivatives dealer | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | 1321 Clydesdale Avenue | | | | | | (No. and Street) | | | | Wellington | ﻠ | | 33414 | | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Mark Harms | 917 859 2160 | | markharms@glp.us.com | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | B. Accountant IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
WithumSmith +Brown, PC | | | | | | (Name - if individual, state last, first, and middle name) | | | | 200 Jefferson Park Suite 400 Whippany | | NJ | 0798 | | (Address)
10/08/2003 | (City) | (State)
100 | (Zip Code) | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | * Claims for exemption from the requirement that the annual renorts of an independent public | FOR OFFICIAL USE ONLY | | | Claims for exemption from the re irement that the annual reports be covered by the reports of an independent accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {2}------------------------------------------------ # OATH OR AFFIRMATION | Maja Spalevic | swear (or affirm) that, to the best of my knowledge and belief, the | | |--------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-------| | financial report pertaining to the firm of | GLOBAL LEISURE PARTNERS, LLC | as of | | 3/31 | 2 026 is true and correct. I further swear (or affirm) that neither the company nor any | | | | partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely | | | as that of a customer. | | | | | | | | | Signature: | | | | | | Title: CFO # This filing \*\* contains (check all applicable boxes): - = (a) Statement of financial condition. - [ (b) Notes to consolidated statement of financial condition. - | {c} Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - = (d) Statement of cash flows. - [e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - [ (f) Statement of changes in liabilities subordinated to claims of creditors. - = (g) Notes to consolidated financial statements. - (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - [ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - [i] Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - [ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - [1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - [m] Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - [n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - | (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - [ [p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - | | Oath or affirmation in accordance with 17 CFR 240.17a-12, or 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - [ (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - [t] Independent public accountant's report based on an examination of the statement of financial condition. - | | | Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - [ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - @ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.17-12, as applicable. - [] (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - [ (z) Other: - \*\* To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18c-7(d)(2), as applicable. {3}------------------------------------------------ # GLOBAL LEISURE PARTNERS, LLC | GLOBAL LEISURE PARTNERS, LLC | | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------| | | | | | | | Contents | | | Report of Independent Registered Public Accounting Firm | 1
– 2 | | Financial Statements | | | Statement of Financial Condition | 3 | | Statement of Operations | 4 | | Statement of Changes in Member's Equity | 5 | | Statement of Cash Flows | 6 | | | 7 –
10 | | Notes to Financial Statements | | | | | | Supplemental
Information | | | Schedule I – Computation of Net Capital under Rule 15c3-1 of the Securities and Exchange
Commission | 11 | | Schedule II – Computation for Determination of Reserve Requirements and Information
Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities and | 12 | | Exchange Commission | | | Report of Independent Registered Public Account Firm on the Exemption Report
Exemption Report | 13
14 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Management and Those Charged with Governance of Global Leisure Partners, LLC: # Opinion on the Financial Statements We have audited the accompanying statement of financial condition of Global Leisure Partners, LLC (the "Company") as of March 31, 2026, the related statements of operations, changes in member's equity, and cash flows, for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of March 31, 2026, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America. # Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. # Supplemental Information The supplemental information, contained in schedules I and II, has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The supplemental information is the responsibility of the Company's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with 17 C.F.R. § 240.17a-5. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole. Within Smith + Brown, PC We have served as the Company's auditor since 2023. Whippany, New Jersey May 29, 2026 {5}------------------------------------------------ Assets # Statement of Financial Condition March 31, 2026 | Cash | \$
488,659 | |---------------------------------------|---------------| | Accounts receivable (Note 2) | 106 | | Prepaid expenses | 12,110 | | Advance to Parent (Note 3) | 256,357 | | Total assets | \$
757,232 | | Liabilities and Member's Equity | | | Accounts payable and accrued expenses | \$
55,165 | | Deferred Income | 28,028 | | Due to related party (Note 3) | 36,875 | | | 120,068 | | Member's equity | 637,164 | | Total liabilities and member's equity | \$
757,232 | | | | {6}------------------------------------------------ ## Statement of Operations | Global Leisure Partners, LLC | | |------------------------------------------------|------------------| | Statement of Operations | | | For the year ended March 31, 2026 | | | | | | Revenue | | | Advisory and Success fees (Note 2) | \$
38,378,407 | | Retainer fees (Note 2) | 295,527 | | Interest income | 7,806 | | Total revenue | 38,681,740 | | | | | Expenses | | | Deal expenses | 6,976,377 | | Salary and office overhead allocation (Note 3) | 264,000 | | Regulatory and compliance fees | 94,652 | | Professional fees | 62,924 | | Compensation, including benefits | 25,274,063 | | Other operating expenses | 8,454 | | Office expenses | 918 | | Other Marketing costs | 6,966 | | Donations | 65,000 | | Travel and entertainment | 97,747 | | Total expenses | 32,851,101 | | | | {7}------------------------------------------------ # Statement of Changes in Member's Equity For the year ended March 31, 2026 | Balance, beginning | \$
601,525 | |--------------------|---------------| | Distributions | (5,795,000) | | Net income | 5,830,639 | | Balance, end | \$
637,164 | {8}------------------------------------------------ # Statement of Cash Flows For the year ended March 31, 2026 | Global Leisure Partners, LLC | | |-------------------------------------------------------------|-----------------| | | | | Statement of Cash Flows | | | For the year ended March 31, 2026 | | | Cash Flows from Operating Activities | | | Net income | \$
5,830,639 | | Adjustments to reconcile net income to net cash provided by | | | operating activities: | | | Non-cash advisory fee income | (1,505,000) | | Non-cash compensation expense | 1,505,000 | | Changes in operating assets and liabilities: | | | Accounts receivable and deposits | 6,076 | | Prepaid expenses | (2,524) | | Advance to Parent | 264,000 | | Accounts payable and accrued expenses | 8,316 | | Due to related party | 33,877 | | Net cash provided by operating activities | 6,140,384 | | | | | Cash Flows from Financing Activities | | | Distributions | (5,795,000) | | Net cash used in financing activities | (5,795,000) | | | | | Net increase in cash | 345,384 | | Cash | | | Beginning | 143,275 | | | | | End | \$
488,659 | | | | | See Notes to Financial Statements | | | | | {9}------------------------------------------------ # Notes to Financial Statements March 31, 2026 # Note 1. Organization and Business Global Leisure Partners, LLC (the "Company" or "LLC"), a Delaware limited liability company, is registered as a broker dealer with the Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA"). The Company is wholly-owned by Global Leisure Partners, LLP (the "Parent"), a United Kingdom-based limited liability partnership. The Company engages in the private placement of securities and also provides investment banking, financial advisory services, and mergers and acquisition advice. # Note 2. Summary of Significant Accounting Policies Basis of Accounting: The accompanying financial statements of the Company have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Use of Estimates: The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition: The Company recognizes revenue in accordance with Accounting Standards Codification ("ASC") Topic 606, Revenue from Contracts with Customers. Revenue is recognized when it is determined that the customer obtains control of the good or service and the performance obligation has been satisfied. - Advisory and Success fees Advisory and Success fees are recognized as revenue when earned based on the contractual obligations with its clients. Advisory and Success fees are generally recognized at the point in time that performance under the contract is completed. - Retainer fees The non-refundable retainer fees that are recognized during the life of the Company's contracts are recognized over time. Retainers received from customers in advance of satisfying contractual performance obligations prior to recognizing revenue are reported as deferred revenue. Significant Judgements: Revenue from contracts with customers includes advisory, success and retainer fees. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgement is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; and whether constraints on variable consideration should be applied due to uncertain future events. Receivables and Contract Balances: Receivables arise when the Company has an unconditional right to receive payment under a contract with a customer and are derecognized when the cash is received. As of April 1, 2025, the receivable balance was \$6,182. On March 31, 2026, the receivable balance was \$106. Contract assets arise when the revenue associated with the contract is recognized prior to the Company's unconditional right to receive payment under a contract with a customer (i.e., unbilled receivable) and are derecognized when either it becomes a receivable or the cash is received. Contract liabilities arise when customers remit contractual cash payments in advance of the Company satisfying its performance obligation under the contract and are derecognized when the revenue associated with the contract is recognized when the performance obligation is satisfied. The Company had deferred income of \$0 and \$28,028 as of March 31, 2025 and 2026 respectively. {10}------------------------------------------------ Disaggregated Revenue: Disaggregation of revenue is presented on the face of the statement of operations by type of revenue earned by the Company. Concentration of Revenue: There were two customers with over 10% of revenue (\$35,500,000 of Success fees and \$10,000 Retainer fees) making up \$35,510,000 of the \$38,673,934 or 92% of revenues for the year ended March 31, 2026. Allowance for Credit Losses: The Company complies with ASC Topic 326, Financial Instruments – Credit Losses ("ASC 326"). ASC 326 impacts the impairment model for certain financial assets measured at amortized cost by requiring a current expected credit loss ("CECL") methodology to estimate expected credit losses over the entire life of the financial asset, recorded at inception or purchase. The Company records the estimate of expected credit losses as an allowance for credit losses. For financial assets measured at an amortized cost basis, the allowance for credit losses is reported as a valuation account on the statement of financial condition that is deducted from the asset's amortized cost basis. Changes in the allowance for credit losses are reported in credit loss expense. The allowance for credit losses is based on the Company's expectation of the collectability of financial instruments including due from broker and other receivables utilizing the CECL framework. The Company considers factors such as historical experience, credit quality, age of balances and current and future economic conditions that may affect the Company's expectation of collectability in determining the allowance for credit losses. The Company's expectation is that the credit risk associated with due from broker and other receivables is not significant until they are 90 days past due based on the contractual arrangement and expectation of collection in accordance with industry standards. As of March 31, 2026, there was no allowance for credit losses. For the year ended March 31, 2026, there was no credit loss expense related to the allowance for credit losses or any recoveries of amounts previously charged reflected in the statement of operations. Cash and Cash Equivalents: Demand deposits with banks and other highly liquid investments with original maturities of three months or less when acquired are considered to be cash and cash equivalents. The Company considers amounts held in money market funds at financial institutions to be cash equivalents. As of March 31, 2026, the Company held no cash equivalents. Concentration of Credit Risk: The Company has significant cash balances at financial institutions which throughout the year regularly exceed the federally insured limit of \$250,000. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company's financial condition, results of operations, and cash flows. The Company is also exposed to credit risk as it relates to the collection of receivables from third parties. Income Taxes: The Parent, as the sole member of the LLC, is taxed on the Company's federal and state taxable income. Accordingly, no provision or liability for federal or state income taxes has been included in the accompanying financial statements. The Financial Accounting Standards Board ("FASB") provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Company's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged" or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit and receivable or tax expenses and liability in the current year on the tax returns of the member. For the year ended March 31, 2026, management has determined that there are no material uncertain income tax positions. {11}------------------------------------------------ # Notes to Financial Statements March 31, 2026 # Note 3. Related Party Transactions The Parent and the Company have entered into a management and expense sharing agreement. Under this arrangement, the Parent allocates certain operating expenses, including salary, occupancy expenses, professional expenses and administrative services, to the Company. Allocated expenses totaling \$264,000 are included in the accompanying statement of operations. Advance to Parent in the amount of \$256,357 represents advances made under an agreement between the Parent and the Company for the year ended March 31, 2026. The Advance to Parent is reduced by the allocation of expenses. The Company and a related party have an expense sharing agreement in place. Under this arrangement, the related party reimburses the Company for certain operating expenses, including professional expenses and administrative services. For the year ended March 31, 2026, the expenses that were reimbursed totaled \$71,706. As of March 31, 2026, the Company had amounts due to related party of \$36,875 which represent expense reimbursements paid in advance. # Note 4. Net Capital Requirements The Company is subject to the Uniform Net Capital requirements of the Securities and Exchange Commission under Rule 15c3-1. Under such requirement, the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Rule 15c3-1 also provides that equity capital may not be withdrawn or cash distributions paid if the resulting net capital would exceed 10 to 1. At March 31, 2026, the Company had net capital of \$368,591 which was \$360,586 in excess of its required net capital of \$8,005. The Company's ratio of aggregate indebtedness to net capital was 0.33 to 1. # Note 5. Exemption from Rule 15c3-3 The Company does not claim an exemption from SEC Rule 15c3-3 under paragraph (k). The Company's business activities are limited to (1) private placements of securities and (2) providing investment banking, financial advisory, and mergers and acquisition services. The Company does not and will not, (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not and will not carry accounts of or for customers and (3) does not and will not carry Proprietary Account of a Broker-Dealer accounts. # Note 6. Segment Reporting The Company's primary business is to provide high-quality investment banking and financial advisory services with a concentration. The company provides advice on mergers and acquisitions and strategic alternatives, and assists clients with capital raising for special situations. The Company acts as an agent in private placements of securities to institutional investors, high net worth individuals, venture capital firms, and private equity funds. Global Leisure Partners does not maintain customer funds or securities, nor does it carry or clear customer accounts. The Company operates exclusively as a broker-dealer and has determined that it has a single reportable segment under FASB ASC 280, as internal management, resource allocation, and performance evaluation are conducted on a consolidated basis. The Chief Operating Decision Maker (CODM), comprised of the CEO with assistance from the Financial and Operations Principal (FinOp), reviews Global Leisure Partners's financial performance based on total revenues, net income, and transaction-level profitability. Revenue for the year ended March 31, 2026 was derived primarily from: Retainers and Advisory/Success fees # Major Customers: The Company derived 92% of its revenue from two customers for the year ended March 31, 2026. {12}------------------------------------------------ # Notes to Financial Statements March 31, 2026 There were no changes in reportable segment structure during the period. The accounting policies used to measure the segment's profit and loss are consistent with those disclosed in the Company's summary of significant accounting policies. # Note 7. Subsequent Events The Company has evaluated subsequent events through the date the financial statements were issued on May 29, 2026, and determined there have not been any other events that have occurred that would require adjustments to or disclosures in the financial statements. {13}------------------------------------------------ # Schedule I - Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission March 31, 2026 | Global Leisure Partners, LLC | | | | | |-----------------------------------------------------------------------------------------------------------------------|----|-----------|--|--| | Schedule I - Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange Commission
March 31, 2026 | | | | | | Net Capital: | | | | | | Total member's equity from statement of financial condition | \$ | 637,164 | | | | Deduct non-allowable assets and charges: | | | | | | Accounts receivable | | (106) | | | | Advance to Parent | | (256,357) | | | | Prepaid expenses | | (12,110) | | | | Net capital | | 368,591 | | | | Aggregate Indebtedness: | | | | | | Accounts payable and accrued expenses | | 55,165 | | | | Deferred income | | 28,028 | | | | Due to related party | | 36,875 | | | | Total aggregate indebtedness | | 120,068 | | | | Computation of Basic Net Capital Requirement: | | | | | | Minimum net capital requirement (greater of 6 2/3% of aggregate | | | | | | indebtedness or \$5,000) | | 8,005 | | | | Net capital in excess of minimum requirement | \$ | 360,586 | | | | Ratio of aggregate indebtedness to net capital | | 0.33 to 1 | | | Note: There were no material differences between the computation above and the computation included in the Company's FOCUS filing as of March 31, 2026. See Report of Independent Registered Public Accounting Firm. {14}------------------------------------------------ # Schedule II – Computation for Determination of Reserve Requirements and Information Relating to Possession or Control Requirements Under Rule 15c3-3 of the Securities and Exchange Commission #### For the year ended March 31, 2026 The Company does not claim an exemption from SEA Rule 15c3-3 under paragraph (k). The Company's business activities are limited to (1) private placements of securities and (2) providing investment banking, financial advisory, and mergers and acquisition services. The Company does not and will not (1) directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (2) does not and will not carry accounts of or for customers and (3) does not and will not carry PAB accounts. See Report of Independent Registered Public Accounting Firm. {15}------------------------------------------------ ![](_page_15_Picture_0.jpeg) # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Management and Those Charged with Governance of Global Leisure Partners, LLC: We have reviewed management's statements, included in the accompanying Rule 15c3-3 Exemption Report pursuant to SEC Rule 17a-5, in which Global Leisure Partners, LLC (the "Company") stated the following: - (1) The Company does not claim an exemption under paragraph (k) of 17 C.F.R. §240.15c3-3, and - (2) The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240. I 7a-5 because the Company limits its business activities exclusively to: (1) private placements of securities; and (2) providing investment banking, financial advisory, and mergers and acquisition services and the Company (1) did not directly receive, hold, or otherwise owe funds or securities for or to customers, (other than money or other consideration received and promptly transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (2) did not carry accounts of or for customers; and (3) did not cary PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. The Company's management is responsible for compliance with the provisions contemplated by footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 and related SEC Staff Frequently Asked Questions and its statements. Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about the Company's compliance with the statements referred to above. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions contemplated by footnote 74 of SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 and related SEC Staff Frequently Asked Questions. Withern Smith + Bros Whippany, New Jersey May 29, 2026 {16}------------------------------------------------ ![](_page_16_Picture_0.jpeg) # GLOBAL LEISURE PARTNERS LLC Member FINRA/SIPC 1321 Clydesdale Avenue, Wellington, FL 33414, USA Main: +44 (0)20 7016 8050 www.globalleisurepartners.com # Global Leisure Partners, LLC Exemption Report Global Leisure Partners, LLC (the "Company") is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, "Reports to be made by certain brokers and dealers"). This Exemption Report was prepared as required by 17 C.F.R. §240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following: The Company will not claim an exemption from SEA Rule 15c3-3 under paragraph (k). The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34- 70073 adopting amendments to 17 C.F.R. § 240. l 7a-5 because the Company limits its business activities exclusively to: (1) private placements of securities; and (2) providing investment banking, financial advisory, and mergers and acquisition services and the Company (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (other than money or other consideration received and promptly {17}------------------------------------------------ transmitted in compliance with paragraph (a) or (b)(2) of Rule 15c2-4 and/or funds received and promptly transmitted for effecting transactions via subscriptions on a subscription way basis where the funds are payable to the issuer or its agent and not to the Company); (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. As a result the Company may file an Exemption report. Global Leisure Partners, LLC \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ I, Maja Spalevic, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct. By: Title: CFO & Managing Director Date 2 May 2026 Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.