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Registration number: 05620605

Financial Music Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Financial Music Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 7

Financial Music Limited

Company Information

Director | Mrs V J Streater

Company secretary | Mrs V J Streater

Registered office | Ground Floor South Suite Afon House Worthing Road Horsham West Sussex England RH12 1TL

Accountants | Ritchie Phillips LLP Chartered AccountantsGround Floor South Suite Afon House Worthing Road Horsham West Sussex RH12 1TL

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Financial Music Limited
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Financial Music Limited for the year ended 31 December 2025 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Financial Music Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Financial Music Limited and state those matters that we have agreed to state to the Board of Directors of Financial Music Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Financial Music Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Financial Music Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Financial Music Limited. You consider that Financial Music Limited 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 accounts of Financial Music Limited. 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 accounts.

......................................
Ritchie Phillips LLP
Chartered Accountants
Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

29 May 2026

Financial Music Limited

(Registration number: 05620605)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Investments | 4 | 75,990 | 153,665
Cash at bank and in hand |  | 117,390 | 93,023
|  | 193,380 | 246,688
Creditors: Amounts falling due within one year | 5 | (339,606) | (339,361)
Net liabilities |  | (146,226) | (92,673)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | (146,228) | (92,675)
Shareholders' deficit |  | (146,226) | (92,673)

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

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 May 2026

......................................... Mrs V J Streater Company secretary and director

Financial Music Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL
England

These financial statements were authorised for issue by the director on 27 May 2026.

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

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

As at 31 December 2025, the company's liabilities exceeded its assets. However, the company has the support of its director and shareholders who have agreed to provide additional finance if necessary. Whilst this agreement is not contractual, the director and shareholders are of the opinion that it will provide sufficient resources to enable the company to continue trading for the foreseeable future and therefore the accounts have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Financial Music Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are not interest bearing and are stated at nominal value.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
Recognition and measurement
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss account.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Financial Music Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Investments

| Financial assets at fair value through profit and loss £ | Total £
Investments
Cost or valuation
At 1 January 2025 | 153,666 | 153,666
Fair value adjustments | (36,818) | (36,818)
Additions | 239,320 | 239,320
Disposals | (280,178) | (280,178)
At 31 December 2025 | 75,990 | 75,990

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 314 | -
Accruals and deferred income | 4,395 | 4,305
Other creditors | 334,897 | 335,056
| 339,606 | 339,361

The other creditors of £334,897 (2024 - £335,056) represent loans from the director and shareholders which the company can repay at any time before 8 May 2028. The loans were interest free during the years ended 31 December 2024 and 2025.

6 | Related party transactions

During the year the company did not receive any further loans from the director and shareholders (2024: £NIL). The company can repay the balance on the loans from the director and shareholders, the total of which at the year end was £334,897 (2024: £335,056), at any time before 8 May 2028. The loans were interest free during the years ended 31 December 2024 and 2025.

Financial Music Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 12,564 | 12,628
Contributions paid to money purchase schemes | 377 | 379
| 12,941 | 13,007