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UK MUSIC LIMITED

Registered Number
03245288
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2025

UK MUSIC LIMITED
Company Information
for the year from 1 January 2025 to 31 December 2025

Directors | CLEMENTS, Paul Charles
| COLDRICK, Annabella
| CRAIG, Cameron Stewart
| DAVY, Genia
| LEATHEM OBE, Peter John
| MARTIN, Andrea Czapary
| MARTIN, David Burns Willox
| NERI, Roberto Bruno
| POHL, Naomi Joy
| TWIST, Jo

Registered Address | Work.Life
| 33 Foley Street
| London
| W1W 7TL

Registered Number | 03245288 (England and Wales)

UK MUSIC LIMITED
Balance Sheet as at
31 December 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 3,147 |  |  |  | 3,921
|  |  |  | 3,147 |  |  |  | 3,921
Current assets |  |  |  |  |  |  |  |
Debtors |  | 25,687 |  |  |  | 160,780 |  |
Cash at bank and on hand |  | 439,230 |  |  |  | 264,478 |  |
|  | 464,917 |  |  |  | 425,258 |  |
Creditors amounts falling due within one year | 4 | (438,664) |  |  |  | (405,913) |  |
Net current assets (liabilities) |  |  |  | 26,253 |  |  |  | 19,345
Total assets less current liabilities |  |  |  | 29,400 |  |  |  | 23,266
Creditors amounts falling due after one year | 5 |  |  | (12,300) |  |  |  | (12,300)
Net assets |  |  |  | 17,100 |  |  |  | 10,966
Capital and reserves |  |  |  |  |  |  |  |
Profit and loss account |  |  |  | 17,100 |  |  |  | 10,966
Reserves |  |  |  | 17,100 |  |  |  | 10,966

- 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 25 June 2026, and are signed on its behalf by:
DAVY, Genia Director Registered Company No. 03245288

UK MUSIC LIMITED
Notes to the Financial Statements
for the year ended 31 December 2025

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

| Statutory information
--- | ---
| The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Going concern
--- | ---
| The Directors’ review the core funding requirements of the company on an annual basis, and as per the articles of association can ask their members to fund to requirements annually based on this review. Currently Phonographic Performance Limited and PRS for Music Limited meet these core funding requirements equally and both companies have substantial cash reserves to continue to do so for the foreseeable future. As such these financial statements have been prepared on the going concern basis.

| Turnover policy
--- | ---
| Revenue is recognised during the period to which it relates. Turnover represents amounts invoiced to members and grants received, excluding value added tax. Turnover was wholly undertaken in the UK.

| Employee benefits
--- | ---
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Defined contribution pension plan
--- | ---
| Contributions to personal pension schemes are charged to the profit and loss account as they become payable in accordance with the rules of the individual schemes.

| Deferred tax
--- | ---
| Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or right to pay less or to receive more tax, with the following exception: • Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

| Tangible fixed assets and depreciation
--- | ---
| Fixed assets are initially recorded at cost. Depreciation is provided at rates calculated to write off the cost less residual value of each tangible fixed asset over its expected useful life as follows: Fixtures, fittings and equipment – 33⅓% per annum straight line. Computer Equipment – 33⅓% per annum straight line. The carrying values of tangible fixed assets are reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable.

|  | Straight line (years)
| Fixtures and fittings | 3
| Office Equipment | 3

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

|  | 2025 |  | 2024
| Average number of employees during the year | 11 |  | 10

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

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 January 25 | 8,523 |  | 8,523
| Additions | 1,677 |  | 1,677
| At 31 December 25 | 10,200 |  | 10,200
| Depreciation and impairment
| At 01 January 25 | 4,602 |  | 4,602
| Charge for year | 2,451 |  | 2,451
| At 31 December 25 | 7,053 |  | 7,053
| Net book value
| At 31 December 25 | 3,147 |  | 3,147
| At 31 December 24 | 3,921 |  | 3,921

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

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 402,081 |  | 369,875
| Taxation and social security | 36,583 |  | 36,038
| Total | 438,664 |  | 405,913

5. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Amounts owed to related parties | 12,300 |  | 12,300
| Total | 12,300 |  | 12,300

6. | Pension commitments
--- | ---
| The Company makes contributions to individual personal pension plans on a straight-line basis. In 2025, the Company contributed £56,726 in respect of twelve personal pension schemes (2024: £39,046 ten personal pension schemes).

7. | Guarantees provided on behalf of directors
--- | ---
| The company is limited by guarantee and does not have a share capital. The liability of each member on winding up is a maximum of £5.

8. | Related party transactions
--- | ---
| During the year, the company received funding of £1,504,494 from PRS for Music Limited (£752,247) and Phonographic Performance Limited (£752,247)), two of its shareholders (2024: £1,306,344 in total - PRS for Music Limited (£653,172) and Phonographic Performance Limited (£653,172)). At year end, £nill was still due from PRS for Music Limited (2024: £126,202) and £nil was due from Phonographic Performance Limited (2024: £nill).