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Registration number: 15521752

Rare Muse Ltd
Unaudited Filleted Abridged Financial Statements
for the Period from 26 February 2024 to 28 February 2025

Rare Muse Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2
Notes to the Unaudited Abridged Financial Statements | 3 to 6

Rare Muse Ltd

Company Information

Director | Miss Brogan Thea Algar

Registered office | Cosmopolitan House Old Fore Street Sidmouth Devon EX10 8LS

Accountants | Easterbrook Eaton Limited Chartered AccountantsCosmopolitan House Old Fore Street Sidmouth Devon EX10 8LS

Rare Muse Ltd

(Registration number: 15521752)
Abridged Balance Sheet as at 28 February 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets | 4 | 8,197
Current assets |  |
Debtors |  | 265
Cash at bank and in hand |  | 11,767
|  | 12,032
Creditors: Amounts falling due within one year |  | (15,080)
Net current liabilities |  | (3,048)
Total assets less current liabilities |  | 5,149
Accruals and deferred income |  | (819)
Net assets |  | 4,330
Capital and reserves |  |
Called up share capital | 5 | 1
Retained earnings |  | 4,329
Shareholders' funds |  | 4,330

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 October 2025

......................................... Miss Brogan Thea Algar Director

Rare Muse Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 26 February 2024 to 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

These financial statements were authorised for issue by the director on 15 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Rare Muse Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 26 February 2024 to 28 February 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

Rare Muse Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 26 February 2024 to 28 February 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
Additions | 10,930 | 10,930
At 28 February 2025 | 10,930 | 10,930
Depreciation
Charge for the period | 2,733 | 2,733
At 28 February 2025 | 2,733 | 2,733
Carrying amount
At 28 February 2025 | 8,197 | 8,197

5 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary shares of £1 each | 1 | 1

6 | Dividends

Interim dividends paid

|  | 2025 £ |
Interim dividend of £11,500.00 per each Ordinary shares |  | 11,500 |

7 | Related party transactions

Transactions with the director

2025 | At 26 February 2024 £ | Advances to director £ | Repayments by director £ | At 28 February 2025 £
Miss Brogan Thea Algar
| - | 691 | (13,625) | (12,934)

Rare Muse Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 26 February 2024 to 28 February 2025

Director's remuneration

The director's remuneration for the period was as follows:

| 2025 £
Remuneration | 12,898