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2025-09-30 SC581756 core:IntangibleAssetsOtherThanGoodwill 2024-10-01 2025-09-30 SC581756 dpl:GroupUndertakings 2024-10-01 2025-09-30 SC581756 dpl:ParticipatingInterests 2024-10-01 2025-09-30 SC581756 dpl:GroupUndertakings core:ListedExchangeTraded 2024-10-01 2025-09-30 SC581756 core:ListedExchangeTraded 2024-10-01 2025-09-30 SC581756 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-10-01 2025-09-30 SC581756 core:UnlistedNon-exchangeTraded 2024-10-01 2025-09-30 SC581756 dpl:CostSales 2023-10-01 2024-09-30 SC581756 dpl:DistributionCosts 2023-10-01 2024-09-30 SC581756 core:LandBuildings 2023-10-01 2024-09-30 SC581756 core:PlantMachinery 2023-10-01 2024-09-30 SC581756 core:Vehicles 2023-10-01 2024-09-30 SC581756 core:FurnitureFittings 2023-10-01 2024-09-30 SC581756 core:OfficeEquipment 2023-10-01 2024-09-30 SC581756 dpl:AdministrativeExpenses 2023-10-01 2024-09-30 SC581756 core:NetGoodwill 2023-10-01 2024-09-30 SC581756 core:IntangibleAssetsOtherThanGoodwill 2023-10-01 2024-09-30 SC581756 dpl:GroupUndertakings 2023-10-01 2024-09-30 SC581756 dpl:ParticipatingInterests 2023-10-01 2024-09-30 SC581756 dpl:GroupUndertakings core:ListedExchangeTraded 2023-10-01 2024-09-30 SC581756 core:ListedExchangeTraded 2023-10-01 2024-09-30 SC581756 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-10-01 2024-09-30 SC581756 core:UnlistedNon-exchangeTraded 2023-10-01 2024-09-30 SC581756 core:NetGoodwill 2025-09-30 SC581756 core:IntangibleAssetsOtherThanGoodwill 2025-09-30 SC581756 core:LandBuildings 2025-09-30 SC581756 core:PlantMachinery 2025-09-30 SC581756 core:Vehicles 2025-09-30 SC581756 core:FurnitureFittings 2025-09-30 SC581756 core:OfficeEquipment 2025-09-30 SC581756 core:AfterOneYear 2025-09-30 SC581756 core:WithinOneYear 2025-09-30 SC581756 core:ListedExchangeTraded 2025-09-30 SC581756 core:UnlistedNon-exchangeTraded 2025-09-30 SC581756 core:ShareCapital 2025-09-30 SC581756 core:SharePremium 2025-09-30 SC581756 core:RevaluationReserve 2025-09-30 SC581756 core:OtherReservesSubtotal 2025-09-30 SC581756 core:RetainedEarningsAccumulatedLosses 2025-09-30 SC581756 core:NetGoodwill 2024-09-30 SC581756 core:IntangibleAssetsOtherThanGoodwill 2024-09-30 SC581756 core:LandBuildings 2024-09-30 SC581756 core:PlantMachinery 2024-09-30 SC581756 core:Vehicles 2024-09-30 SC581756 core:FurnitureFittings 2024-09-30 SC581756 core:OfficeEquipment 2024-09-30 SC581756 core:AfterOneYear 2024-09-30 SC581756 core:WithinOneYear 2024-09-30 SC581756 core:ListedExchangeTraded 2024-09-30 SC581756 core:UnlistedNon-exchangeTraded 2024-09-30 SC581756 core:ShareCapital 2024-09-30 SC581756 core:SharePremium 2024-09-30 SC581756 core:RevaluationReserve 2024-09-30 SC581756 core:OtherReservesSubtotal 2024-09-30 SC581756 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC581756 core:NetGoodwill 2023-09-30 SC581756 core:IntangibleAssetsOtherThanGoodwill 2023-09-30 SC581756 core:LandBuildings 2023-09-30 SC581756 core:PlantMachinery 2023-09-30 SC581756 core:Vehicles 2023-09-30 SC581756 core:FurnitureFittings 2023-09-30 SC581756 core:OfficeEquipment 2023-09-30 SC581756 core:AfterOneYear 2023-09-30 SC581756 core:WithinOneYear 2023-09-30 SC581756 core:ListedExchangeTraded 2023-09-30 SC581756 core:UnlistedNon-exchangeTraded 2023-09-30 SC581756 core:ShareCapital 2023-09-30 SC581756 core:SharePremium 2023-09-30 SC581756 core:RevaluationReserve 2023-09-30 SC581756 core:OtherReservesSubtotal 2023-09-30 SC581756 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC581756 core:AfterOneYear 2024-10-01 2025-09-30 SC581756 core:WithinOneYear 2024-10-01 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:CostValuation 2024-10-01 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-10-01 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-10-01 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-10-01 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-10-01 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-10-01 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-10-01 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-10-01 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-10-01 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:CostValuation 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2025-09-30 SC581756 core:Non-currentFinancialInstruments core:CostValuation 2024-09-30 SC581756 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-09-30 SC581756 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 SC581756 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-09-30 SC581756 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-09-30 SC581756 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-09-30 SC581756 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-09-30 SC581756 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-09-30 SC581756 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-09-30 SC581756 bus:Director1 2024-10-01 2025-09-30 SC581756 bus:Director2 2024-10-01 2025-09-30 SC581756 bus:Director3 2024-10-01 2025-09-30

R7 MUSIC LTD

Registered Number
SC581756
(Scotland)

Unaudited Financial Statements for the Year ended
30 September 2025

R7 MUSIC LTD
Company Information
for the year from 1 October 2024 to 30 September 2025

Directors | GAFFNEY, Conor Smyth
| MACDOUGALL, Gordon
| NEWBURY, Graeme

Company Secretary | MACDOUGALL, Gordon

Registered Address | 1st Floor 5 Eagle Street
| Glasgow
| G4 9XA

Registered Number | SC581756 (Scotland)

R7 MUSIC LTD
Statement of Financial Position
30 September 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 3,188 |  |  |  | 3,375 |  |
Debtors | 5 | 1,170 |  |  |  | 663 |  |
Cash at bank and on hand |  | 2,390 |  |  |  | 2,181 |  |
|  | 6,748 |  |  |  | 6,219 |  |
Creditors amounts falling due within one year | 6 | (55,727) |  |  |  | (52,865) |  |
Net current assets (liabilities) |  |  |  | (48,979) |  |  |  | (46,646)
Total assets less current liabilities |  |  |  | (48,979) |  |  |  | (46,646)
Net assets |  |  |  | (48,979) |  |  |  | (46,646)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 200 |  |  |  | 200
Profit and loss account |  |  |  | (49,179) |  |  |  | (46,846)
Shareholders' funds |  |  |  | (48,979) |  |  |  | (46,646)

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 March 2026, and are signed on its behalf by:
MACDOUGALL, Gordon Director Registered Company No. SC581756

R7 MUSIC LTD
Notes to the Financial Statements
for the year ended 30 September 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in Scotland. The company's registered number is SC581756 and registered office address is 1st Floor, 5 Eagle Street, Glasgow, G4 9XA. The principal activity of the company during the period continued to be the provision of artist management services.

| Basis of preparation
--- | ---
| The financial statements have been prepared under the historical cost convention on a going concern basis 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the companies accounting policies. The following accounting principles have been applied:

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| The financial statements have been prepared on a going concern basis despite the company having an adverse balance sheet position. The continuation of the company is dependant on the continuing support by the parent company.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Office Equipment | 4

| Stocks and work in progress
--- | ---
| Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| Financial instruments
--- | ---
| The Company 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 ordinary shares.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 4 |  | 4

3. | Tangible fixed assets
--- | ---

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 October 24 | 247 |  | 247
| At 30 September 25 | 247 |  | 247
| Depreciation and impairment
| At 01 October 24 | 247 |  | 247
| At 30 September 25 | 247 |  | 247
| Net book value
| At 30 September 25 | - |  | -
| At 30 September 24 | - |  | -

| Tangible fixed assets are stated at cost or valuation less depreciation.

4. | Stocks
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Raw materials and consumables | 3,188 |  | 3,375
| Total | 3,188 |  | 3,375

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 670 |  | -
| Other debtors | - |  | 140
| Prepayments and accrued income | 500 |  | 523
| Total | 1,170 |  | 663

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 512 |  | 1,841
| Taxation and social security | 555 |  | 384
| Other creditors | 53,925 |  | 49,940
| Accrued liabilities and deferred income | 735 |  | 700
| Total | 55,727 |  | 52,865

7. | Directors advances, credits and guarantees
--- | ---
| The maximum amount outstanding during the period was £140 (2024: £140). No interest was charged on this loan and the loan is repayable on demand.

8. | Related party transactions
--- | ---
| As at 30 September 2025, an associated company was owed £52,565 (2024: £49,940) by R7 Music Limited.

9. | Controlling party
--- | ---
| This company's parent undertaking and controlling party is No Half Measures Limited, a company registered in Scotland, company number SC208710, registered office address 5 Eagle Street, 1st Floor, Glasgow, G4 9XA.