| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 16 MAY 2023 TO 31 MAY 2024 |
| FOR |
| MUSIC SERVICES ADMINISTRATION LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 16 MAY 2023 TO 31 MAY 2024 |
| FOR |
| MUSIC SERVICES ADMINISTRATION LIMITED |
| MUSIC SERVICES ADMINISTRATION LIMITED (REGISTERED NUMBER: 14871412) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 16 MAY 2023 TO 31 MAY 2024 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| MUSIC SERVICES ADMINISTRATION LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 16 MAY 2023 TO 31 MAY 2024 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| MUSIC SERVICES ADMINISTRATION LIMITED (REGISTERED NUMBER: 14871412) |
| BALANCE SHEET |
| 31 MAY 2024 |
| Notes | $ |
| CURRENT ASSETS |
| Debtors | 4 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| MUSIC SERVICES ADMINISTRATION LIMITED (REGISTERED NUMBER: 14871412) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 16 MAY 2023 TO 31 MAY 2024 |
| 1. | STATUTORY INFORMATION |
| Music Services Administration Limited is a |
| The Company’s functional and presentational currency is US dollars (USD) and the financial statements have been rounded to the nearest dollar ($). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL. |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| $ |
| Other debtors |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | $ |
| Ordinary | $1.25 | 125 |
| 100 Ordinary shares of $1.25 each were allotted and fully paid for |
| 6. | ULTIMATE CONTROLLING PARTY |
| The immediate parent company is considered to be Music Services Inc., a company incorporated in the USA. The ultimate parent company is considered to be Sigma Holdings I Inc., a company incorporated in the USA and under the control of private equity funds affiliated with the Blackstone Group Inc. |