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REGISTERED NUMBER: 04905234 (England and Wales)

| MONASTERY OF SOUND LTD. |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30TH SEPTEMBER 2025 |

MONASTERY OF SOUND LTD. (REGISTERED NUMBER: 04905234)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

Page |

Company Information | 1 |

Chartered Certified Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

MONASTERY OF SOUND LTD.

COMPANY INFORMATION

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

| DIRECTORS: | R Monk

| L Monk

| N Punt

| SECRETARY: | L Monk

| REGISTERED OFFICE: | Orchard Way

| Chartridge Lane

| Chesham

| Buckinghamshire

| HP5 2RG

| REGISTERED NUMBER: | 04905234 (England and Wales)

| ACCOUNTANTS: | russell + russell

| Chartered Certified Accountants

| 4 Royal Crescent

| Glasgow

| G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

MONASTERY OF SOUND LTD.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Monastery Of Sound Ltd. for the year ended 30th September 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Monastery Of Sound Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Monastery Of Sound Ltd. and state those matters that we have agreed to state to the Board of Directors of Monastery Of Sound Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Monastery Of Sound Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Monastery Of Sound Ltd.. You consider that Monastery Of Sound Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Monastery Of Sound Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

russell + russell

Chartered Certified Accountants

4 Royal Crescent

Glasgow

G3 7SL

14th May 2026

MONASTERY OF SOUND LTD. (REGISTERED NUMBER: 04905234)

BALANCE SHEET

30TH SEPTEMBER 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 179 |  | 259 |  |

179 |  | 259 |  |

CURRENT ASSETS

Debtors | 6 | 134,241 |  | 118,490 |  |

Investments | 7 | 201,420 |  | 201,420 |  |

Cash at bank | 175,810 |  | 152,753 |  |

511,471 |  | 472,663 |  |

CREDITORS

Amounts falling due within one year | 8 | 496,049 |  | 461,878 |  |

NET CURRENT ASSETS | 15,422 |  | 10,785 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 15,601 |  | 11,044 |  |

PROVISIONS FOR LIABILITIES | - |  | 49 |  |

NET ASSETS | 15,601 |  | 10,995 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1,000 |  | 1,000 |  |

Retained earnings | 14,601 |  | 9,995 |  |

SHAREHOLDERS' FUNDS | 15,601 |  | 10,995 |  |

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

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

MONASTERY OF SOUND LTD. (REGISTERED NUMBER: 04905234)

BALANCE SHEET - continued

30TH SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th May 2026 and were signed on its behalf by:

L Monk - Director

MONASTERY OF SOUND LTD. (REGISTERED NUMBER: 04905234)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Monastery Of Sound Ltd. 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.

| Going concern

| The directors believe that the company has the adequate resources and support to continue to operate for the foreseeable future. The financial statements have been prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the company's ability to trade as a going concern.

| Turnover

| The turnover shown in the profit and loss account represents fees invoiced and royalty income due for the period, exclusive of value added tax.

| Intangible assets

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

| Amortisation of rights to royalty income and repeat fees is provided at the annual rate of 20% in order to write off the net book value at 1st October, 2016 of £52,500 over its estimated useful economic life of 5 years. As this change is being treated as a change in accounting estimate no retrospective adjustments have been made.

| Tangible fixed assets

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

| Equipment | - | 25% straight line

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Taxation

| Taxation for the year comprises current 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| There are no deferred tax assets or liabilities.

| Current asset investments

| Current asset investments are stated at fair value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

MONASTERY OF SOUND LTD. (REGISTERED NUMBER: 04905234)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

4. | INTANGIBLE FIXED ASSETS

| Royalty

| rights

£ |

| COST

| At 1st October 2024

| and 30th September 2025 | 160,000 |  |

| AMORTISATION

| At 1st October 2024

| and 30th September 2025 | 160,000 |  |

| NET BOOK VALUE

| At 30th September 2025 | - |  |

| At 30th September 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Equipment

£ |

| COST

| At 1st October 2024

| and 30th September 2025 | 28,595 |  |

| DEPRECIATION

| At 1st October 2024 | 28,336 |  |

| Charge for year | 80 |  |

| At 30th September 2025 | 28,416 |  |

| NET BOOK VALUE

| At 30th September 2025 | 179 |  |

| At 30th September 2024 | 259 |  |

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Prepayments and accrued income | 134,241 |  | 118,490 |  |

7. | CURRENT ASSET INVESTMENTS

| 30.9.25 |  | 30.9.24

£ | £ |

| Other current asset investments | 201,420 |  | 201,420 |  |

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

| 30.9.25 |  | 30.9.24

£ | £ |

| Trade creditors | - |  | 21 |  |

| Taxation and social security | 1,300 |  | 1,000 |  |

| Other creditors | 494,749 |  | 460,857 |  |

496,049 |  | 461,878 |  |

MONASTERY OF SOUND LTD. (REGISTERED NUMBER: 04905234)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH SEPTEMBER 2025

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

| Other creditors includes £489,149 (2024 - £453,991) in respect of amounts owed to directors.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.25 |  | 30.9.24

| value: | £ | £ |

| 600 | A Ordinary | £1 | 600 |  | 600 |  |

| 150 | B Ordinary | £1 | 150 |  | 150 |  |

| 125 | C Ordinary | £1 | 125 |  | 125 |  |

| 125 | D Ordinary | £1 | 125 |  | 125 |  |

1,000 |  | 1,000 |  |

10. | ULTIMATE CONTROLLING PARTY

| The company was under the control of R Monk throughout the current and previous year.