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REGISTERED NUMBER: 05030312 (England and Wales)

| WMG Services Limited |

| Abridged Audited Financial Statements |

| for the Year Ended 31 October 2025 |

| WMG Services Limited (Registered number: 05030312) |

Contents of the Financial Statements

for the year ended 31 October 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| WMG Services Limited |

Company Information

for the year ended 31 October 2025

| DIRECTOR: | Mr P Van Leuven

| REGISTERED OFFICE: | 239-241 Kennington Lane

| London

| SE11 5QU

| REGISTERED NUMBER: | 05030312 (England and Wales)

| AUDITORS: | Alton & Co

| Chartered Accountants

| & Statutory Auditors

| 239-241 Kennington Lane

| London

| SE11 5QU

| WMG Services Limited (Registered number: 05030312) |

Statement of Financial Position

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 6 | 3,025 |  | 955 |  |

CURRENT ASSETS

Debtors | 7 | 27,112,283 |  | 24,544,019 |  |

Cash at bank | 462,769 |  | 291,749 |  |

27,575,052 |  | 24,835,768 |  |

CREDITORS

Amounts falling due within one year | 8 | 30,002,182 |  | 27,437,987 |  |

NET CURRENT LIABILITIES | (2,427,130 | ) | (2,602,219 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (2,424,105 | ) | (2,601,264 | ) |

PROVISIONS FOR LIABILITIES | 10 | 357 |  | - |  |

NET LIABILITIES | (2,424,462 | ) | (2,601,264 | ) |

CAPITAL AND RESERVES

Called up share capital | 11 | 709,631 |  | 709,631 |  |

Retained earnings | 12 | (3,134,093 | ) | (3,310,895 | ) |

SHAREHOLDERS' FUNDS | (2,424,462 | ) | (2,601,264 | ) |

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2026 and were signed by:

Mr P Van Leuven - Director

| WMG Services Limited (Registered number: 05030312) |

Notes to the Financial Statements

for the year ended 31 October 2025

1. | STATUTORY INFORMATION

| WMG Services 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover comprises service charges raised to companies in the financial services sector.

| Turnover is recognised when the right to consideration become due in case of services after it is performed. Turnover is generated from the ordinary trading activities of the business.

| 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 | - | 25% on cost

| Fixtures and fittings | - | 25% on cost

| Computer equipment | - | 33% on cost

| 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.

| WMG Services Limited (Registered number: 05030312) |

Notes to the Financial Statements - continued

for the year ended 31 October 2025

3. | 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.

| Going concern

| The director has indicated that, in his judgement, there is a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. The company is assured of continuing necessary financial support from WMG Limited, the parent company, to enable it to meet its liabilities as they fall due. Therefore, the director continues to adopt the going concern basis preparing these financial statements.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 9 ) .

5. | AUDITORS' REMUNERATION

| 2025 |  | 2024

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 40,004 |  | 34,000 |  |

| Auditors' remuneration for non audit work | 32,233 |  | 25,545 |  |

| Included in auditors remuneration of £40,004 (2024: £34,000) is £26,000 (2024: £24,000) relating to the audit of WMG Ltd and other subsidiaries in the group.

| WMG Services Limited (Registered number: 05030312) |

Notes to the Financial Statements - continued

for the year ended 31 October 2025

6. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 November 2024 | 31,742 |  | 35,449 |  | 14,345 |  | 81,536 |  |

| Additions | 3,993 |  | - |  | - |  | 3,993 |  |

| At 31 October 2025 | 35,735 |  | 35,449 |  | 14,345 |  | 85,529 |  |

| DEPRECIATION

| At 1 November 2024 | 31,242 |  | 35,444 |  | 13,895 |  | 80,581 |  |

| Charge for year | 1,478 |  | - |  | 445 |  | 1,923 |  |

| At 31 October 2025 | 32,720 |  | 35,444 |  | 14,340 |  | 82,504 |  |

| NET BOOK VALUE

| At 31 October 2025 | 3,015 |  | 5 |  | 5 |  | 3,025 |  |

| At 31 October 2024 | 500 |  | 5 |  | 450 |  | 955 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 66,307 |  | 66,307 |  |

| Amounts owed by group undertakings | 26,995,405 |  | 24,432,674 |  |

| Other debtors | 50,571 |  | 45,038 |  |

27,112,283 |  | 24,544,019 |  |

| The amounts owed by related entities are unsecured, interest free and have no fixed date of repayment.

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 1,598 |  | - |  |

| Trade creditors | 478,435 |  | 811,059 |  |

| Amounts owed to group undertakings | 29,263,965 |  | 26,411,272 |  |

| Taxation and social security | 83,026 |  | 40,498 |  |

| Other creditors | 175,158 |  | 175,158 |  |

30,002,182 |  | 27,437,987 |  |

| The amounts owed to group undertakings are unsecured, interest free and have no fixed date of repayment.

| WMG Services Limited (Registered number: 05030312) |

Notes to the Financial Statements - continued

for the year ended 31 October 2025

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 161,398 |  | 140,445 |  |

| Between one and five years | 40,350 |  | 175,000 |  |

201,748 |  | 315,445 |  |

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 357 |  | - |  |

| Deferred |

| tax |

£ |

| Charge to Income Statement during year | 357 |  |

| Balance at 31 October 2025 | 357 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 709,631 | Ordinary | £1 | 709,631 |  | 709,631 |  |

12. | RESERVES

| Retained

| earnings

£ |

| At 1 November 2024 | (3,310,895 | ) |

| Profit for the year | 176,802 |  |

| At 31 October 2025 | (3,134,093 | ) |

| WMG Services Limited (Registered number: 05030312) |

Notes to the Financial Statements - continued

for the year ended 31 October 2025

13. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Mr Altan Kemal FCA FCCA (Senior Statutory Auditor)

| for and on behalf of Alton & Co

14. | RELATED PARTY DISCLOSURES

| WMG Holdings Limited

| Mr M Dalman is director of the company and parent company.

| Companies under common control

| 1) WMG (Bermuda) Limited

| Amount due to the company is £115,048 (2024: £115,048) at the year end.

| 2) H R Owen Classics Limited

| An amount due from the company is £250 (2024: £250)

| All above loans are interest free and repayable on demand.

| Person with significant control

| Included in trade creditors is an amount of £458,448 (2024: £735,611) due to him at the balance sheet date.

15. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

16. | ULTIMATE CONTROLLING PARTY

| The parent undertaking of the largest group within which the company belongs and for which group financial statements are prepared is WMG Holdings Limited, a company registered in Jersey with company registration number 89999. The smallest group within which the company's accounts are consolidated is WMG Limited, a company registered in England and Wales.

| The directors consider that WMG Holdings Limited is the ultimate controlling party.