Company registration number 01712438 (England and Wales)
OLDFIELD MUSIC OVERSEAS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
OLDFIELD MUSIC OVERSEAS LIMITED
COMPANY INFORMATION
Director
M.G. Oldfield
Company number
01712438
Registered office
55 Station Road
Beaconsfield
Buckinghamshire
United Kingdom
HP9 1QL
Accountants
Rouse Partners LLP
55 Station Road
Beaconsfield
United Kingdom
HP9 1QL
OLDFIELD MUSIC OVERSEAS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
208
277
Current assets
Debtors
6
48,618
46,513
Cash at bank and in hand
113,241
129,137
161,859
175,650
Creditors: amounts falling due within one year
7
(10,950)
(9,925)
Net current assets
150,909
165,725
Total assets less current liabilities
151,117
166,002
Provisions for liabilities
(52)
(69)
Net assets
151,065
165,933
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
150,965
165,833
Total equity
151,065
165,933

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 2 June 2026
D.A. Sharp
As attorney for M.G. Oldfield, Director
Company Registration No. 01712438
OLDFIELD MUSIC OVERSEAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Oldfield Music Overseas Limited is a private company limited by shares incorporated in England and Wales.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for royalties net of VAT. Revenue is recognised when royalties are due.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

OLDFIELD MUSIC OVERSEAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
OLDFIELD MUSIC OVERSEAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
4
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
8,331
7,511
Deferred tax
Origination and reversal of timing differences
(17)
(24)
Total tax charge
8,314
7,487
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025 and 31 December 2025
37,000
Depreciation and impairment
At 1 January 2025
36,723
Depreciation charged in the year
69
At 31 December 2025
36,792
Carrying amount
At 31 December 2025
208
At 31 December 2024
277
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
48,618
46,513
7
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
8,331
7,511
Other taxation and social security
2,156
1,951
Other creditors
463
463
10,950
9,925
OLDFIELD MUSIC OVERSEAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
8
Related party transactions

During the year, Oldfield Music Overseas Limited paid costs of £5,940 (20 24: £0) on behalf of Oldfield Music Limited, a company under the control of M G Oldfield. Oldfield Music Limited paid costs of £3,500 (2024: £3,500) on behalf of Oldfield Music Overseas Limited.

At the year end, the company was owed £25,448 (20 24: £23,008) by Oldfield Music Limited. .

During the year, dividends of £45,000 (20 24: £0) were paid to M G Oldfield, the company's director. At the year end, £463 (20 24: £463) was owed by the director.

9
Control

As in the previous year the company is controlled by M G Oldfield.

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