REGISTERED NUMBER: 02558932 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Marathon Music Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

J N Favie

Secretary:

J N Favie

Registered office:

Unit 1,

92 Lots Road,

London,

SW10 0QD

Registered number:

02558932 (England and Wales)

Auditors:

Benjamin Taylor Diner Limited, Statutory Auditor

120 New Cavendish Street,

London

W1W 6XX

Fixed assets

Tangible assets

4

2,593

2,942

Current assets

Debtors

5

87,032

32,342

Cash at bank

26,534

29,112

113,566

61,454

Creditors

Amounts falling due within one year

6

(85,227

)

(50,979

)

Net current assets

28,339

10,475

Total assets less current liabilities

30,932

13,417

Capital and reserves

Called up share capital

7

100

100

Retained earnings

8

30,832

13,317

Shareholders' funds

30,932

13,417

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 director and authorised for issue on 12 September 2025 and were signed by:

J N Favie - Director

1.	Statutory information

Marathon Music Limited is a private company limited by shares incorporated in England and Wales. The

registered office is Unit 1, 92 Lots Road, London, SW10 0QD.

The principal activity of the company continued to be the management of the activities of certain artists in the music industry.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

10% on cost

Fixtures and fittings

-

15% on cost

Financial instruments

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using the

effective interest method.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as

reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably

committed to terminate the employment of an employee or to provide termination benefits.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Tangible fixed assets

Fixtures

Leasehold

and

improvements

fittings

Totals

£

£

£

Cost

At 1 January 2024

86,134

4,436

90,570

Additions

-

300

300

At 31 December 2024

86,134

4,736

90,870

Depreciation

At 1 January 2024

86,134

1,494

87,628

Charge for year

-

649

649

At 31 December 2024

86,134

2,143

88,277

Net book value

At 31 December 2024

-

2,593

2,593

At 31 December 2023

-

2,942

2,942

5.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Other debtors

87,032

32,342

6.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade creditors

49,125

25,171

Taxation and social security

16,559

12,919

Other creditors

19,543

12,889

85,227

50,979

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£

100

100

8.

Reserves

Retained

earnings

£

At 1 January 2024

13,317

Profit for the year

17,515

At 31 December 2024

30,832

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

The financial statements of the company for the year ended 31 December 2023 were unaudited, and as a result we do not express an opinion on the comparative figures.

Jeffrey Diner FCA (Senior Statutory Auditor)

for and on behalf of Benjamin Taylor Diner Limited, Statutory Auditor

10.	Related party disclosures

11.	Ultimate controlling party