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REGISTERED NUMBER: 03346241 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024

FOR

Reliable Source Music Limited

| Reliable Source Music Limited (Registered number: 03346241) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Period 1 May 2024 to 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Chartered Accountants' Report | 5 |

| Reliable Source Music Limited |

COMPANY INFORMATION

for the Period 1 May 2024 to 31 December 2024

| DIRECTORS: | Mr K R Orr

| Ms G M Fulco

| REGISTERED OFFICE: | Units SCF 1 & 2 South Core

| Western International Market

| Hayes Road

| Southall

| Middlesex

| UB2 5XJ

| REGISTERED NUMBER: | 03346241 (England and Wales)

| ACCOUNTANTS: | Cooper Dawn Jerrom Limited

| Chartered Accountants

| Units SCF 1 & 2

| Western International Market

| Hayes Road

| Southall

| Middlesex

| UB2 5XJ

| Reliable Source Music Limited (Registered number: 03346241) |

BALANCE SHEET

31 December 2024

| 31.12.24 | 30.4.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,047,534 |  | - |  |

CURRENT ASSETS

Debtors: amounts falling due within one year | 5 | 16,876 |  | 451,803 |  |

Cash at bank | 1,211,005 |  | 576,651 |  |

1,227,881 |  | 1,028,454 |  |

CREDITORS

Amounts falling due within one year | 6 | 493,277 |  | 158,173 |  |

NET CURRENT ASSETS | 734,604 |  | 870,281 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,782,138 |  | 870,281 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 882,133 |  | - |  |

NET ASSETS | 900,005 |  | 870,281 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 899,905 |  | 870,181 |  |

900,005 |  | 870,281 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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 16 July 2025 and were signed on its behalf by:

Ms G M Fulco - Director

| Reliable Source Music Limited (Registered number: 03346241) |

NOTES TO THE FINANCIAL STATEMENTS

for the Period 1 May 2024 to 31 December 2024

1. | STATUTORY INFORMATION

| Reliable Source Music 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Copyright are being amortised evenly over their estimated useful life of ten years.

| Master Sound Recordings are being amortised evenly over their estimated useful life of ten years.

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Royalties payable

| As far as possible royalties payable, which are included in costs of sales, are matched with receipts. Royalties payable are written back to profit and loss when they become statutorily time- barred if the recipient is unknown.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 4 (2024 - 4 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| Additions | 1,102,667 |  |

| At 31 December 2024 | 1,102,667 |  |

| AMORTISATION

| Charge for period | 55,133 |  |

| At 31 December 2024 | 55,133 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,047,534 |  |

| Reliable Source Music Limited (Registered number: 03346241) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Period 1 May 2024 to 31 December 2024

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 30.4.24

£ | £ |

| Trade debtors | 8,036 |  | 40,963 |  |

| Amounts owed by group undertakings | - |  | 400,000 |  |

| Other debtors | 8,840 |  | 10,840 |  |

16,876 |  | 451,803 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 30.4.24

£ | £ |

| Trade creditors | 31,816 |  | 13,954 |  |

| Taxation and social security | 310,168 |  | 122,020 |  |

| Other creditors | 151,293 |  | 22,199 |  |

493,277 |  | 158,173 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 30.4.24

£ | £ |

| Other creditors | 882,133 |  | - |  |

8. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Martin Weinert and Bettina Bonengel.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

RELIABLE SOURCE MUSIC LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reliable Source Music Limited for the period ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Reliable Source Music Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reliable Source Music Limited and state those matters that we have agreed to state to the Board of Directors of Reliable Source Music Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reliable Source Music Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Reliable Source Music Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reliable Source Music Limited. You consider that Reliable Source Music Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Reliable Source Music Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cooper Dawn Jerrom Limited

Chartered Accountants

Units SCF 1 & 2

Western International Market

Hayes Road

Southall

Middlesex

UB2 5XJ

16 July 2025