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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2024
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
COMPANY INFORMATION
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
CONTENTS
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Company’s principal activity is as a specialist music agency, servicing brands and their partner's agencies, providing strategic, creative and procurement expertise.
The company continues to focus on new opportunities, as well as synergies within the Songtradr Group of companies and the Songtradr Group. The Directors consider the Company's business and its financial position at the year end satisfactory. Given the current financial position and the owner's willingness to invest and support the Company, the Directors believes that the Company is a going concern.
The process of risk acceptance and risk management is addressed through a framework of policies, procedures and internal controls. All policies are subject to approval and ongoing review by management, compliance with regulation, legal and ethical standards is a high priority for the company and the finance department take on an important oversight role in this regard.
The principal market risks from our general business arise from fluctuations in the timing and frequency of projects compared to the Company's expectations as well as seasonal demand changes.
This report was approved by the board on 14 October 2025 and signed on its behalf.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The directors present their report and the audited financial statements for the year ended 31 December 2024.
The loss for the year, after taxation, amounted to £621,130 (2023: loss £831,732).
The shareholders’ deficit of the company totals £1,316,312 (2023: £695,182). No dividends were declared in the year (2023: £nil). Dividends paid in the year were £nil (2023: £nil).
The directors are responsible for preparing the Strategic Report, the Directors' Report and the audited financial statements in accordance with applicable law and regulations.
In preparing these audited financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the audited financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are 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 to enable them to ensure that the audited financial statements comply with the Companies Act 2006. They are 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.
The directors who held office during the year and up to the date of signing the financial statements were:
Paul Richard Langworthy (appointed 25 July 2025) Gabor Sebok (appointed 25 July 2025)
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The company continues to focus on new opportunities, as well as synergies within the Songtradr Group. The Directors consider the Company's business and its financial position at the year end satisfactory. Given the current financial position and the owners willingness to invest and support the Company, the Directors believe that the Company is a going concern.
Songtradr Inc (the ultimate parent entity) is executing the next phase of its acquisition integration, including reduction of the number of legal entities. Once completed, this will simplify and streamline internal operations and provide stakeholders with a simplified way of working. To achieve this, the Group needs to merge entities, transfer operations between entities in the Group and close entities. This is simply to improve the Group’s corporate structure, overall business operations and is in line with the process of the Group’s entity rationalisation. As part of this process, the following actions were taken:
Employee Transfer On 1 April 2025, the employees of 7digital Limited, MassiveMusic London Limited and Songtradr Limited, all related parties of the Company, were transferred to the Company, giving rise to additional 76 employees in Songtradr UK Limited. Restructuring On 20 June 2025, the assets, liabilities and net equity of MassiveMusic London Limited, a related party of the Company, were transferred to the Company, amounting to a total net asset of £141,063.
The Company made a loss for the current financial year of £621,130 (2023: £831,732), has net liabilities of £1,316,312 (2023: net liabilities of £695,182) and has net current liabilities of £1,317,335 as at 31 December 2024 (2023: net current liabilities £693,424). The financial statements have been prepared on a going concern basis, with further details disclosed in note 2.2 of these statements.
The auditors, Wisteria Audit Ltd, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
This report was approved by the board on
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
We have audited the financial statements of Songtradr UK Limited (formely Big Sync Music Limited) (the 'Company') for the year ended 31 December 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We are responsible for concluding on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify the auditor’s opinion. Our conclusions are based on the audit evidence obtained up to the date of our report. However, future events or conditions may cause the company to cease to continue as a going concern.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED) (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED) (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙We obtained an understanding of the legal and regulatory frameworks applicable to the Company, and sector in which they operate. In addition, we concluded that there are certain significant laws and regulations that may have an effect on the determination of the amounts and disclosures in the financial statements such as: Financial Reporting Standard 102 Section 1A applicable in the UK and Republic of Ireland ('United Kingdom Generally Accepted Accounting Practice), Companies Act 2006 and taxations laws.
∙We understood how the Company are complying with those legal and regulatory frameworks through discussions with management and those charged with governance.
∙We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:
o identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud; o understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; o challenging assumptions and judgements made by management in its significant accounting estimates; o identifying and testing journal entries, in particular any journal entries posted with unusual account combinations; and o assessing the extent of compliance with the relevant laws and regulations as part of our procedures on the related financial statement item.
Our procedures to obtain sufficient appropriate audit evidence in response to the assessment risks of material misstatement due to fraud included:
∙Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations;
∙Performing a detailed review of the company’s year-end adjusting entries;
∙Enquiries being made of management with regard to actual and potential litigation and claims;
∙Obtaining and reviewing minutes of Board meetings, evidence of legal fees incurred, and any correspondence with HMRC, for indicators of possible fraud and non-compliance;
∙Testing the appropriateness of the accounting policies relating to revenue recognition and performing specific procedures over the existence and cut-off of revenue around the year end;
∙Carrying out substantive testing of journal entries to assess whether they are appropriate, and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business; and
∙We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indicators of fraud or non-compliance with laws and regulations throughout the audit.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED) (CONTINUED)
These audit procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error and detecting irregularities that result from fraud is inherently more difficult than detecting those that result from error, as fraud may involve collusion, deliberate concealment, forgery or intentional misrepresentations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditors & Chartered Accountants
The Grange Barn
Pikes End
Pinner
United Kingdom
HA5 2EX
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
REGISTERED NUMBER: 08540730
BALANCE SHEET
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 13 to 31 form part of these financial statements.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Songtradr UK Limited (formerly Big Sync Music Limited) is a private company limited by share capital, incorporated in England and Wales, registration number 08540730. The address of the registered office is Qube Elephant, 22 Ash Avenue, London, England, SE17 1HS.
The Company is exempt by virtue of S400 subject to the small companies' regime of the Companies Act 2006 from the requirement to prepare group financial statements. These financial statements present information about the Company as an individual undertaking and not about its group.
2.Significant Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of 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 (see note 3).
The following principal accounting policies have been applied:
The Company made a loss for the current financial year of £621,130 (2023: £831,732), has net liabilities of £1,316,312 (2023: net liabilities of £695,182) and has net current liabilities of £1,317,335 as at 31 December 2024 (2023: net current liabilities £693,424). The financial statements have been prepared on a going concern basis which the director considers to be appropriate for the following reasons.
The director has prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the Company will have sufficient funds, through funding from its parent, Songtradr, Inc. to meet its liabilities as they fall due for that period. Those forecasts are dependent on Songtradr, Inc. not seeking repayment of the amounts currently due to the Company, which at the balance sheet date amounted to £3,350,442 (2023: £1,112,230), and providing additional financial support during that period. Songtradr, Inc. has indicated its intention to continue to make available such funds as are needed by the Company, and that it does not intend to seek repayment of the amounts due at the balance sheet date, for the period of at least 12 months from date of approval of these financial statements. As with any entity placing reliance on other group entities for financial support, the director acknowledges that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Songtradr, Inc. is a trading entity and has ready access to cash when required to meet obligations as they fall due. The director believes the Company will continue to have sufficient liquidity and adequate resources to continue in operational existence for at least 12 months from the date of signing of these annual accounts and financial statements. Thus, the Company continues to adopt the going concern basis of accounting in preparing the Company's financial statements.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Significant Accounting policies (continued)
Functional and presentation currency
Transactions and balances
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Significant Accounting policies (continued)
Revenue is from the sale of songs to customers and is recognised when the customer is granted the rights to the song. Turnover comprises both sales where Songtradr UK Limited (formerly Big Sync Music Limited) acts as principal, for which sales and costs are disclosed separately, and sales for which Songtradr UK Limited (formerly Big Sync Music Limited) acts as agent and presents commission fee only.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Significant Accounting policies (continued)
Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Significant Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGU's). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Significant Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
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.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Significant Accounting policies (continued)
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Significant Accounting policies (continued)
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Critical judgements There were no judgements required to be made in preparing the accounts which had, or could have had, a material impact on the accounts. Critical estimates There were no estimates required to be made in preparing the accounts which had, or could have had, a material impact on the accounts.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of turnover by country of destination:
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
There were no factors that may affect future tax charges.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Profit and loss account
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Songtradr Inc (the ultimate parent entity) is executing the next phase of its acquisition integration, including reduction of the number of legal entities. Once completed, this will simplify and streamline internal operations and provide stakeholders with a simplified way of working. To achieve this, the Group needs to merge entities, transfer operations between entities in the Group and close entities. This is simply to improve the Group’s corporate structure, overall business operations and is in line with the process of the Group’s entity rationalisation. As part of this process, the following actions were taken:
Employee Transfer
On 1 April 2025, the employees of 7digital Limited, MassiveMusic London Limited and Songtradr Limited, all related parties of the Company, were transferred to the Company, giving rise to additional 76 employees in Songtradr UK Limited.
Restructuring
On 20 June 2025, the assets, liabilities and net equity of MassiveMusic London Limited, a related party of the Company, were transferred to the Company, amounting to a total net asset of £141,063.
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SONGTRADR UK LIMITED (FORMELY BIG SYNC MUSIC LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Songtradr UK Limited is a fully owned subsidiary of Songtradr, Inc., a private company limited by share capital, incorporated in the United States of America, registration number 5503683.
The address of the registered office is 8605 Santa Monica Blvd, PMB 40672, West Hollywood, California, 90069-4109, USA.
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