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Registration number: 04787113

RDWM Services (UK) Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

RDWM Services (UK) Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

RDWM Services (UK) Limited

Company Information

Directors | Roger Davies Jason Robert Swan

Registered office | 37 Limerston Street London United Kingdom SW10 0BQ

Accountants | Bourner Bullock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE

RDWM Services (UK) Limited

(Registration number: 04787113)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 3,966 | 5,854
Current assets |  |  |
Debtors | 6 | 16,831 | 98,566
Cash at bank and in hand |  | 28,607 | 9,416
|  | 45,438 | 107,982
Creditors: Amounts falling due within one year | 7 | (30,809) | (102,107)
Net current assets |  | 14,629 | 5,875
Total assets less current liabilities |  | 18,595 | 11,729
Provisions for liabilities |  | (754) | (1,112)
Net assets |  | 17,841 | 10,617
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 16,841 | 9,617
Shareholders' funds |  | 17,841 | 10,617

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 17 March 2026 and signed on its behalf by:

......................................... Roger Davies Director

RDWM Services (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
37 Limerston Street
London
SW10 0BQ
United Kingdom

Principal activity

The principal activity of the Company is the provision of support and consultancy services to the music industry.

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 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

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:

Going concern

No material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. Going concern is presumed in preparing these financial statements.

RDWM Services (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of Services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: · the amount of revenue can be measured reliably; · it is probable that the Company will receive the consideration due under the contract; · the stage of completion of the contract at the end of the reporting period can be measured reliably; and · the costs incurred and the costs to complete the contract can be measured reliably.

Foreign currency transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
•The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
•Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

RDWM Services (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Tangible assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation

Depreciation is provided on the following basis:

Asset class | Depreciation method and rate
Fixtures & fittings | 20%
Office equipment | 20%
Computer equipment | 25%

Financial instruments

Classification
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

RDWM Services (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Leases

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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.

Defined contribution pension obligation

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

3 | Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Directors' opinion there are no significant judgements or key sources of estimation uncertainty.

4 | Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 0 (2024 - 2).

RDWM Services (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Fixtures and fittings £ | Computer Equipment £ | Office equipment £ | Total £
Cost or valuation
At 1 July 2024 | 1,324 | 8,991 | 7,349 | 17,664
Disposals | - | (3,270) | (1,665) | (4,935)
At 30 June 2025 | 1,324 | 5,721 | 5,684 | 12,729
Depreciation
At 1 July 2024 | 115 | 7,898 | 3,797 | 11,810
Charge for the year | 265 | 485 | 1,137 | 1,887
Eliminated on disposal | - | (3,270) | (1,664) | (4,934)
At 30 June 2025 | 380 | 5,113 | 3,270 | 8,763
Carrying amount
At 30 June 2025 | 944 | 608 | 2,414 | 3,966
At 30 June 2024 | 1,209 | 1,093 | 3,552 | 5,854

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | - | 2,510
Amounts owed by Group undertakings and undertakings in which the Company has a participating interest | 9 | 7,457 | 74,833
Prepayments |  | 8,476 | 3,564
Other debtors |  | 898 | 17,659
|  | 16,831 | 98,566

RDWM Services (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 426 | 16,181
Taxation and social security | 2,863 | 8,315
Accruals and deferred income | 2,500 | 2,500
Other creditors | 25,020 | 75,111
| 30,809 | 102,107

8 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 7,500 | 7,500

9 | Related party transactions

Other transactions with directors

During the year Mr Roger Davies. a director, paid expenses on behalf of the company totalling £22,970 (2024: £892) and the company made payments on behalf of Mr Davies of £Nil (2024: £25,524). Mr Davies also made net advances to the company (including undrawn dividends) of £28,740 (2024: £107,083) and received repayments of £100,958 (2024: £Nil). At the year end the amount due to Mr Davies was £25,020 (2024: £74,268).

Summary of transactions with all entities with joint control or significant interest

During the year, sales of £116,794 (2024: £314,352) were made to a company under common control. Amounts of £184,170 (2024: £373,044) were received during the year and the amount owing at the year end was £7,457 (2024: £74,833).

10 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £Nil (2024 - £1.00) per each Ordinary shares |  | - |  | 182,970