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REGISTERED NUMBER: 05065912 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

| FOR |

| CR2 RECORDS LIMITED |

| CR2 RECORDS LIMITED (REGISTERED NUMBER: 05065912) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| CR2 RECORDS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | M Brown

| N Kirkby

| E Nguyen

| J Strauss

| REGISTERED OFFICE: | 1 Bow Churchyard

| London

| England

| EC4M 9DQ

| REGISTERED NUMBER: | 05065912 (England and Wales)

| ACCOUNTANTS: | Barber & Company

| A trading name of PCM Accounting Limited

| 2 Jardine House

| Harrovian Business Village

| Bessborough Road

| Harrow

| Middlesex

| HA1 3EX

| CR2 RECORDS LIMITED (REGISTERED NUMBER: 05065912) |

STATEMENT OF FINANCIAL POSITION

30 JUNE 2025

| 30.6.25 | 30.6.24 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 80,763 |  | 103,923 |  |

CURRENT ASSETS

Inventories | 5 | 3,000 |  | 3,000 |  |

Debtors | 6 | 1,304,562 |  | 1,071,297 |  |

Cash at bank | 721,243 |  | 1,338,199 |  |

2,028,805 |  | 2,412,496 |  |

CREDITORS

Amounts falling due within one year | 7 | 444,051 |  | 421,029 |  |

NET CURRENT ASSETS | 1,584,754 |  | 1,991,467 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,665,517 |  | 2,095,390 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (42,167 | ) |

PROVISIONS FOR LIABILITIES | 10 | (15,301 | ) | (11,572 | ) |

ACCRUALS AND DEFERRED INCOME | 11 | (2,421,589 | ) | (2,969,908 | ) |

NET LIABILITIES | (771,373 | ) | (928,257 | ) |

CAPITAL AND RESERVES

Called up share capital | 12 | 100 |  | 100 |  |

Retained earnings | 13 | (771,473 | ) | (928,357 | ) |

SHAREHOLDERS' FUNDS | (771,373 | ) | (928,257 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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.

| CR2 RECORDS LIMITED (REGISTERED NUMBER: 05065912) |

STATEMENT OF FINANCIAL POSITION - continued

30 JUNE 2025

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2026 and were signed on its behalf by:

M Brown - Director

| CR2 RECORDS LIMITED (REGISTERED NUMBER: 05065912) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| CR2 Records Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| The financial statements have been prepared in accordance with applicable accounting standards. The particular accounting policies adopted are described below.

| During the year under review the company made a profit before taxation amounting to £165,064 (2024:Profit £115,464). At the balance sheet date the company had Net Current Assets amounting to £1,584,754 (2024: £1,991,467) and Total Net liabilities amounting to £771,373 (2024:£928,257).

| The company meets its day to day working capital requirements with the support of its' director, its bankers and through its strong cash reserves. The board have taken this into account in their decision to prepare the Financial Statements on a Going Concern Basis.

| TURNOVER

| Turnover represents royalties and fees receivable, excluding value added tax.

| TANGIBLE FIXED ASSETS

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

| Office and IT equipment | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| STOCKS

| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| CR2 RECORDS LIMITED (REGISTERED NUMBER: 05065912) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| FOREIGN CURRENCIES

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| ADVANCES

| Non-returnable advances are recognised as deferred income in the balance sheet and such advances are recouped against a proportion of revenue earned over the period covered by the agreement.

| The revenue recouped during the period is recognised and included within turnover, during the period that it is earned.

| ROYALTIES

| Full provision is made for royalties receivable and royalties payable at the balance sheet date.

| Advances and fees paid to artists, unrecouped against royalties payable, are recognised as an asset within other debtors at the balance sheet date.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 6 ) .

| CR2 RECORDS LIMITED (REGISTERED NUMBER: 05065912) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

4. | PROPERTY, PLANT AND EQUIPMENT

| Office |  | Fixtures |

| and IT |  | and |

| equipment |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 323,178 |  | 54,722 |  | 377,900 |  |

| Additions | 3,180 |  | 581 |  | 3,761 |  |

| At 30 June 2025 | 326,358 |  | 55,303 |  | 381,661 |  |

| DEPRECIATION

| At 1 July 2024 | 228,017 |  | 45,960 |  | 273,977 |  |

| Charge for year | 24,585 |  | 2,336 |  | 26,921 |  |

| At 30 June 2025 | 252,602 |  | 48,296 |  | 300,898 |  |

| NET BOOK VALUE

| At 30 June 2025 | 73,756 |  | 7,007 |  | 80,763 |  |

| At 30 June 2024 | 95,161 |  | 8,762 |  | 103,923 |  |

5. | INVENTORIES

| 30.6.25 |  | 30.6.24

| as restated |

£ | £ |

| Closing stock | 3,000 |  | 3,000 |  |

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

| 30.6.25 |  | 30.6.24

| as restated |

£ | £ |

| Trade debtors | 93,149 |  | 98,309 |  |

| Amounts owed by group undertakings | 444,414 |  | 469,994 |  |

| Other debtors | 420,038 |  | 116,866 |  |

| Directors' current accounts | 134,034 |  | 173,629 |  |

| Prepayments and accrued income | 212,927 |  | 212,499 |  |

1,304,562 |  | 1,071,297 |  |

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

| 30.6.25 |  | 30.6.24

| as restated |

£ | £ |

| Bank loans and overdrafts (see note 9) | 42,406 |  | 46,229 |  |

| Trade creditors | 118,962 |  | 105,183 |  |

| Amounts owed to group undertakings | 61,378 |  | 41,944 |  |

| Corporation Tax | 4,389 |  | 9,545 |  |

| Social security and other taxes | 7,833 |  | 11,214 |  |

| Other creditors | 16,072 |  | 160,118 |  |

| Accruals and deferred income | 193,011 |  | 46,796 |  |

444,051 |  | 421,029 |  |

| CR2 RECORDS LIMITED (REGISTERED NUMBER: 05065912) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

| as restated |

£ | £ |

| Bank loans (see note 9) | - |  | 42,167 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

| 30.6.25 |  | 30.6.24

| as restated |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 239 |  | 229 |  |

| Bank loans | 42,167 |  | 46,000 |  |

42,406 |  | 46,229 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | - |  | 42,167 |  |

10. | PROVISIONS FOR LIABILITIES

| 30.6.25 |  | 30.6.24

| as restated |

£ | £ |

| Deferred tax provision | 15,301 |  | 11,572 |  |

| Deferred |

| tax |

£ |

| Balance at 1 July 2024 | 11,572 |  |

| Provided during year | 3,729 |  |

| Balance at 30 June 2025 | 15,301 |  |

11. | ACCRUALS AND DEFERRED INCOME

| 30.6.25 |  | 30.6.24

| as restated |

£ | £ |

| Deferred income | 2,421,589 |  | 2,969,908 |  |

| Accruals and deferred income relates to deferred non-returnable advances to be released when recouped against future turnover, during the period that it it is earned.

| CR2 RECORDS LIMITED (REGISTERED NUMBER: 05065912) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

12. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 30.6.24

| value: |  | as restated |

£ | £ |

| 100 | "A" Ordinary | £1 | 100 |  | 100 |  |

13. | RESERVES

| Retained

| earnings

£ |

| At 1 July 2024 | (928,357 | ) |

| Profit for the year | 156,884 |  |

| At 30 June 2025 | (771,473 | ) |

14. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

| 30.6.25 |  | 30.6.24

| as restated |

£ | £ |

| M Brown

| Balance outstanding at start of year | 173,629 |  | 251,305 |  |

| Amounts advanced | 33,466 |  | 60,000 |  |

| Amounts repaid | (73,061 | ) | (137,676 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 134,034 |  | 173,629 |  |

15. | ULTIMATE CONTROLLING PARTY

| The controlling party is CR2 Holdings Limited.

| The ultimate controlling party is Create Capital Holdings UK Limited.

| The Principal Office Address for Create Capital Holdings UK Limited, is as follows:

| 1 Bow Churchyard

| London

| England

| EC4M 9DQ