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Company Registration No. 13587398 (England and Wales)
Must Be Group Ltd Unaudited accounts for the year ended 31 August 2025
Must Be Group Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Must Be Group Ltd Statement of financial position as at 31 August 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,201 
7,072 
Investments
5
1,563 
56 
4,764 
7,128 
Current assets
Debtors
6
- 
1,331 
Cash at bank and in hand
2 
278 
2 
1,609 
Creditors: amounts falling due within one year
7
(21,481)
(15,316)
Net current liabilities
(21,479)
(13,707)
Net liabilities
(16,715)
(6,579)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(16,716)
(6,580)
Shareholders' funds
(16,715)
(6,579)
For the year ending 31 August 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 March 2026 and were signed on its behalf by
David Smith Director Company Registration No. 13587398
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Must Be Group Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Must Be Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13587398. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight Line
Computer equipment
33% Straight Line
Investments
Investments are included at fair value.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2024
1,808 
9,921 
11,729 
At 31 August 2025
1,808 
9,921 
11,729 
Depreciation
At 1 September 2024
715 
3,942 
4,657 
Charge for the year
597 
3,274 
3,871 
At 31 August 2025
1,312 
7,216 
8,528 
Net book value
At 31 August 2025
496 
2,705 
3,201 
At 31 August 2024
1,093 
5,979 
7,072 
- 4 -
Must Be Group Ltd Notes to the Accounts for the year ended 31 August 2025
5
Investments
Other investments 
£ 
Valuation at 1 September 2024
56 
Additions
3,985 
Fair value adjustments
1,535 
Disposals
(4,013)
Valuation at 31 August 2025
1,563 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
1,331 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
14,166 
13,470 
Other creditors
4,735 
- 
Accruals
2,580 
1,846 
21,481 
15,316 
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 5 -