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REGISTERED NUMBER: 10010358 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Lyrici Arts Limited

| Lyrici Arts Limited (Registered number: 10010358) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Lyrici Arts Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | K Z Augustus

| C N Augustus

| REGISTERED OFFICE: | Lyrici Arts C/o Dragon Coworking

| 7-8 New Road Avenue

| Chatham

| ME4 6BB

| REGISTERED NUMBER: | 10010358 (England and Wales)

| ACCOUNTANTS: | ADHK ACCOUNTANTS

| Chartered Certified Accountants

| Boundary House

| Cricket Field Road

| Uxbridge

| UB8 1QG

| Lyrici Arts Limited (Registered number: 10010358) |

Statement of Financial Position

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | 5,170 |  |

Tangible assets | 5 | 2,675 |  | 462 |  |

2,675 |  | 5,632 |  |

CURRENT ASSETS

Debtors | 6 | 5,819 |  | 68,938 |  |

Cash at bank | 95,570 |  | 13,042 |  |

101,389 |  | 81,980 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,500 |  | 3,024 |  |

NET CURRENT ASSETS | 99,889 |  | 78,956 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 102,564 |  | 84,588 |  |

RESERVES

Income and expenditure account | 102,564 |  | 84,588 |  |

102,564 |  | 84,588 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

K Z Augustus - Director

| Lyrici Arts Limited (Registered number: 10010358) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Lyrici Arts Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The company operates on a not-for-profit basis, and any surpluses generated are retained and reapplied to support those objectives. No distributions are made to members, directors, or other stakeholders.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Website Development costs are being amortised evenly over their estimated useful life of five years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 50% on cost

| Fixtures and fittings | - | 50% on cost

| Computer and equipment | - | 50% on cost

| Revenue recognition

| The company's income is derived primarily from grants, project funding and other support received to deliver its not for profit activities. Income is recognised when the company is entitled to the funds, the amount can be measured reliably, and it is probable that the economic benefits will flow to the company.

| Performance related grants are recognised as the related activities are delivered. Where funding is provided for specific projects, income is recognised only to the extent that the associated expenditure has been incurred or the performance conditions have been met.

| Unrestricted grants without performance conditions are recognised when receivable. Income received in advance of entitlement is deferred and recognised in future periods.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Lyrici Arts Limited (Registered number: 10010358) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Debtors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalent

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Reserve policy

| The company maintains reserves to ensure financial stability and to support the continuity of its activities. Reserves are held to manage timing differences in grant income, meet working capital needs, and provide a buffer against unforeseen events. All reserves are unrestricted and are applied solely to further the company's objectives.

| Going concern

| The directors have assessed the company's financial position and future cash flow requirements. Based on committed funding, expected activity levels, and the company's ability to manage its cost base, the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 3 ) .

4. | INTANGIBLE FIXED ASSETS

| Website

| development

| costs

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 25,842 |  |

| AMORTISATION

| At 1 April 2024 | 20,672 |  |

| Amortisation for year | 5,170 |  |

| At 31 March 2025 | 25,842 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | 5,170 |  |

| Lyrici Arts Limited (Registered number: 10010358) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |  | Computer |

| Plant and |  | and |  | and |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 1,792 |  | 150 |  | 3,607 |  | 5,549 |  |

| Additions | - |  | - |  | 5,149 |  | 5,149 |  |

| At 31 March 2025 | 1,792 |  | 150 |  | 8,756 |  | 10,698 |  |

| DEPRECIATION

| At 1 April 2024 | 1,792 |  | 150 |  | 3,145 |  | 5,087 |  |

| Charge for year | - |  | - |  | 2,936 |  | 2,936 |  |

| At 31 March 2025 | 1,792 |  | 150 |  | 6,081 |  | 8,023 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  | - |  | 2,675 |  | 2,675 |  |

| At 31 March 2024 | - |  | - |  | 462 |  | 462 |  |

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

2025 | 2024 |

£ | £ |

| Grants debtors | 5,819 |  | 68,938 |  |

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

2025 | 2024 |

£ | £ |

| Trade creditors | - |  | 624 |  |

| Other creditors | - |  | 1,400 |  |

| Accrued expenses | 1,500 |  | 1,000 |  |

1,500 |  | 3,024 |  |