ACCOUNTS - Final Accounts preparation

Registered number: 02581967

STATE OF THE ARK MUSIC LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


STATE OF THE ARK MUSIC LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


STATE OF THE ARK MUSIC LIMITED REGISTERED NUMBER:02581967

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		-		1,682
Investment property	5		565,289		565,289
			565,289		566,971
Current assets
Debtors: amounts falling due within one year	6	5,047		7,106
Cash at bank and in hand		2,873		983
		7,920		8,089
Creditors: amounts falling due within one year	7	(33,517)		(29,824)
Net current liabilities			(25,597)		(21,735)

Net assets			539,692		545,236

Capital and reserves
Called up share capital	8	50,000	50,000
Profit and loss account		489,692	495,236
		539,692	545,236

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 July 2026.

D Britten

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


STATE OF THE ARK MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

State of the Ark Music Limited is a limited liability company registered in England and Wales. Its registered office address is 2nd Floor Connaught House, 1-3 Mount Street, (Entrance Via Davies Street), London, United Kingdom, W1K 3NB.

The principal activity of the company during the period was that of other letting and operating of owned or leased real estate.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied in the year
exclusive of trade discounts and excluding Value Added Tax.

Revenue is recognised when the service is provided.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2


STATE OF THE ARK MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties.

Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.

Interest bearing borrowings, such as bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.

Cash and cash equivalents comprise cash balances and call deposits.

2.8

Investment property

Investment property is stated at cost less accumulated depreciation and impairment losses. The directors consider that the fair value of the investment property cannot be measured reliably without undue cost or effort, because obtaining an independant valuation would involve undue cost relative to the benefit of users. Accordingly, the property is accounted for in accordance with Section 17 Property, Plant and Equipment.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 -4).

Page 3


STATE OF THE ARK MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

		Fixtures and fittings
		£

	At 1 January 2025	136,719
	Disposals	(136,719)
	At 31 December 2025	-

	At 1 January 2025	135,037
	Charge for the year on owned assets	1,682
	Disposals	(136,719)
	At 31 December 2025	-
	Net book value
	At 31 December 2025	-
	At 31 December 2024	1,682

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2025	565,289
	At 31 December 2025	565,289

During the year ended 31 December 2025, it was identified that the property that has been previously recognised as a freehold property under tangible fixed assets should have been classified as investment property.

The comparative figures for the year ended 31 December 2024 have been restated to correct this classification. The impact of this restatement is as follows:

∙A reclassification of £565,289 from Tangible fixed assets to Investment property

∙No impact on total net assets or profit for the year ended 31 December 2024.

Page 4


STATE OF THE ARK MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	5,041	-
Other debtors	6	6
Prepayments and accrued income	-	7,100
	5,047	7,106

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	960	-
Other taxation and social security	26,632	28,277
Other creditors	225	647
Accruals and deferred income	5,700	900
	33,517	29,824

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

50,000 (2024 -50,000) Ordinary shares of £1 each	50,000	50,000

Page 5