UK MUSIC LIMITED


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)

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.

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.

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.

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.

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).

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).