For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

Mary Russell Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5a Bear Lane, Southwark, London, United Kingdom, SE1 0UH.

In the prior year, the company had extended its accounting period by 3 months from 31 December 2023 to 31 March 2024. This was done for commercial reasons and comparative figures may not be entirely comparable.

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.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The company recognised revenue when the amounts of revenue can be measured reliably; it is probable that the future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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

During the period, the company entered into transactions with entities related by virtue of common control including:

• Florence + The Machine Ltd - £2,782,516 (2024 - £3,137,356) owed to the company at the year end. The company made payments to or on behalf of Florence + The Machine Ltd of £1,272,000 while Florence + The Machine Ltd made repayments or made payment on behalf of the company of £1,626,840.

• Leontine Productions Inc - £27,709 (2024 - £6,064) owed to the company at the year end. The company made payments to Leontine Productions Inc of £28,889 while Leontine Productions made payments to the company of £7,243.

• Mary Russell Touring LLP - £nil (2024 - £263,853) owed to the company at the year end. The company received payments from Mary Russell Touring LLP of £263,853 during the year.

The above balances are disclosed in debtors.