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REGISTERED NUMBER: 12411859 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 January 2025

for

CHROMIUM MUSIC GROUP (UK) LIMITED

CHROMIUM MUSIC GROUP (UK) LIMITED (REGISTERED NUMBER: 12411859)

Contents of the Financial Statements

for the Year Ended 31 January 2025

Page |

Company Information | 1 |

Report of the Director | 2 |

Statement of Financial Position | 3 |

Notes to the Financial Statements | 4 |

CHROMIUM MUSIC GROUP (UK) LIMITED

Company Information

for the Year Ended 31 January 2025

| DIRECTOR: | Mr G D Farnon

| REGISTERED OFFICE: | 71-75 Shelton Street

| London

| WC2H 9JQ

| REGISTERED NUMBER: | 12411859 (England and Wales)

| ACCOUNTANTS: | Offshore Private Client Limited

| Fairbairn House

| Rohais

| St Peter Port

| Guernsey

| GY1 1FE

CHROMIUM MUSIC GROUP (UK) LIMITED (REGISTERED NUMBER: 12411859)

Report of the Director

for the Year Ended 31 January 2025

The director presents his report with the financial statements of the company for the year ended 31 January 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of sound recording and music publishing.

DIRECTORS

Mr G D Farnon has held office during the whole of the period from 1 February 2024 to the date of this report.

Other changes in directors holding office are as follows:

Mr T Farnon - resigned 10 November 2024

GOING CONCERN

After making enquiries and bearing in mind the nature of the company’s business and assets, the director considers that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr G D Farnon - Director

15 October 2025

CHROMIUM MUSIC GROUP (UK) LIMITED (REGISTERED NUMBER: 12411859)

Statement of Financial Position

31 January 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 30,439 |  | 23,497 |  |

Cash at bank | 3,973 |  | 2,034 |  |

34,412 |  | 25,531 |  |

CREDITORS

Amounts falling due within one year | 5 | (114,560 | ) | (146,114 | ) |

NET CURRENT LIABILITIES | (80,148 | ) | (120,583 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (80,148 | ) | (120,583 | ) |

CAPITAL AND RESERVES

Called up share capital | 6 | 100 |  | 100 |  |

Retained earnings | (80,248 | ) | (120,683 | ) |

SHAREHOLDERS' FUNDS | (80,148 | ) | (120,583 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 October 2025 and were signed by:

Mr G D Farnon - Director

CHROMIUM MUSIC GROUP (UK) LIMITED (REGISTERED NUMBER: 12411859)

Notes to the Financial Statements

for the Year Ended 31 January 2025

1. | STATUTORY INFORMATION

| Chromium Music Group (UK) 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Significant judgements and estimates

| The preparation of these financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

| The following principal accounting policies have been applied:

| Revenue recognition

| Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the Company.

| The Company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the Company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to each of the Company’s sales channels have been met, as described below.

| Turnover consists principally from the provision of sound recording and music publishing, and is recognised in the Income Statement on an accruals basis.

| Expenses recognition

| Administration expenses are recognised in the Income Statement on an accruals basis.

CHROMIUM MUSIC GROUP (UK) LIMITED (REGISTERED NUMBER: 12411859)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instrument transaction that result in the recognition of financial

| assets and liabilities like trade creditors and loans from related parties.

| Debt instruments that are payable within one year, typically trade creditors, are measured initially and

| subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference

| between as asset's carrying amount and best estimate of the recoverable amount, which is an approximation

| of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

| Taxation

| The company is liable to UK income tax of 19%. No provision has been made for tax due to the company being in a loss position.

| 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.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, deposits held on call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within Creditors - amounts falling due within one year.

| Going concern

| These financial statements have been prepared on a going concern basis. The Company is currently in a net

| liabilities position, but the shareholders have indicated their willingness to support the company, to enable it to pay its debts as they fall due.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

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

2025 | 2024 |

£ | £ |

| Trade debtors | 27,305 |  | 18,553 |  |

| Other debtors | 3,134 |  | 4,944 |  |

30,439 |  | 23,497 |  |

CHROMIUM MUSIC GROUP (UK) LIMITED (REGISTERED NUMBER: 12411859)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2025

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

2025 | 2024 |

£ | £ |

| Trade creditors | 21,906 |  | 11,711 |  |

| Amounts owed to group undertakings | 72,826 |  | 85,254 |  |

| VAT payable | 7,545 |  | 11,362 |  |

| Other creditors | 9,202 |  | 6,418 |  |

| Director's loan account | 281 |  | 31,369 |  |

| Accruals | 2,800 |  | - |  |

114,560 |  | 146,114 |  |

| The group undertaking loan owed to parent company, Chromium Music Group Limited, is unsecured, interest free and repayable on demand.

| The director's loan, is unsecured, interest free and repayable on demand.

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | 1 | 100 |  | 100 |  |