These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Firecat Music Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Maqam Centre, Tiverton Road, London, NW10 3HJ.

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

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

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

• Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

• Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: The disclosure requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b), 11.48(c), 12.26, 12.27, 12.29(a), 12.29(b), and 12.29A;

• Section 26 ‘Share based Payment’: Share based payment arrangements required under FRS 102 paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

• Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Yusuf Islam Foundation. These consolidated financial statements are available from its registered office, The Maqam Centre, Tiverton Road, London, W10 3HJ.

The directors have concluded that the company can continue in operation for a period of at least 12 months after the date of singing of these accounts. Whilst the current royalties contract runs for the period until 2026, the directors forecast that the remaining years of this agreement will see a lower level of activity and costs within this entity, based on review of terms of the agreement and the level of administration required. However, with respect to future costs for a period of twelve months from signing of these accounts, the directors have received confirmation of support from the parent to the extent required to meet the company's obligations as they fall due. true

Turnover represents live performance income and royalties received by the company during the year. Royalties and advances are accounted for when the company is stratified that it is entitled to the income. The company's current publishing agreement determines that advances become payable at specific dates and subject to specific conditions being fulfilled by the company. All such advances are recoupable against underlying royalties earned but are non-refundable. Accordingly, advances are accounted for as income at the point they are received. Turnover is measured at fair value of the consideration received or receivable net of discounts and value added taxes.

The company recognises revenue from the following major sources:

• Live music performance

• Royalties and advances

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Income from live performances is recognised in the period in which the performance occurs.

Royalties and Advances

Royalty income and advances are recognised when the company is satisfied that it is entitled to receive the income under the terms of its publishing agreements.

Under the company's current publishing agreement:

• Advances become payable at specific dates and are conditional upon the company meeting certain contractual obligations.

• These advances are non-refundable but recoupable against future royalty earnings.

• As the advances are non-refundable and entitlement is established upon receipt, they are recognised as revenue at the point of receipt.

Subsequent royalty income is recognised as it is earned and reported by third parties (e.g. collection societies), based on actual usage or performance data.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

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, 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 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. Financial assets classified as receivable within one year are not amortised.

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 deducting all of its 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, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant accounting judgements or items with estimation uncertainty in the current or prior period.

The average monthly number of persons (including directors) employed by the company during the year was:

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

During the year the company entered into the following transactions with related parties:

Cat Music Limited is a related party by virtue of having common directorship with Firecat Music Limited.

The company has claimed exemption from disclosing related party transactions between wholly owned members of a group under FRS 102 section 33.

By virtue of ownership of the company's entire issued share capital, the ultimate parent undertaking is Yusuf Islam Foundation, a charity registered in England and Wales with a charity number of 1134513 and a company number of 07055355.

The registered address of Yusuf Islam Foundation is:

The Maqam Centre

Tiverton Road

London

NW10 3HJ.