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REGISTERED NUMBER: 06467209 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PIOJITO LIMITED

PIOJITO LIMITED (REGISTERED NUMBER: 06467209)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

PIOJITO LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTOR: | D Lazarus

| REGISTERED OFFICE: | 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

| REGISTERED NUMBER: | 06467209 (England and Wales)

| ACCOUNTANTS: | MGR Weston Kay LLP

| Chartered Accountants

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

PIOJITO LIMITED (REGISTERED NUMBER: 06467209)

BALANCE SHEET

31 JANUARY 2025

| 31.1.25 |  | 31.1.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,670 |  | 2,505 |  |

CURRENT ASSETS

Stocks | 61,034 |  | 58,108 |  |

Debtors | 5 | 32,167 |  | 31,113 |  |

Cash at bank and in hand | 102,254 |  | 119,354 |  |

195,455 |  | 208,575 |  |

CREDITORS

Amounts falling due within one year | 6 | (176,374 | ) | (159,363 | ) |

NET CURRENT ASSETS | 19,081 |  | 49,212 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 20,751 |  | 51,717 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1 |  | 1 |  |

Retained earnings | 20,750 |  | 51,716 |  |

SHAREHOLDERS' FUNDS | 20,751 |  | 51,717 |  |

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2025 and were signed by:

D Lazarus - Director

PIOJITO LIMITED (REGISTERED NUMBER: 06467209)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Piojito Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

| 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 £.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

| The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

| Turnover

| Turnover represents income receivable from physical and digital record sales and royalties and licence fees receivable from the exploitation of musical compositions.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Plant and machinery 33.33% reducing balance

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Stocks

| Stocks of CDs and Vinyl are stated at the lower of cost and estimated selling price.

| Foreign currencies

| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

PIOJITO LIMITED (REGISTERED NUMBER: 06467209)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 10,491 |  |

| DEPRECIATION

| At 1 February 2024 | 7,986 |  |

| Charge for year | 835 |  |

| At 31 January 2025 | 8,821 |  |

| NET BOOK VALUE

| At 31 January 2025 | 1,670 |  |

| At 31 January 2024 | 2,505 |  |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade debtors | - |  | 39 |  |

| Other debtors | 32,167 |  | 31,074 |  |

32,167 |  | 31,113 |  |

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

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade creditors | 10,961 |  | 5,266 |  |

| Amounts owed to group undertakings | 42,361 |  | 42,361 |  |

| Taxation and social security | 9,535 |  | 4,500 |  |

| Other creditors | 113,517 |  | 107,236 |  |

176,374 |  | 159,363 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.1.25 |  | 31.1.24

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |