ACCOUNTS - Final Accounts

Registered number: 00846308

FABULOUS MUSIC LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FABULOUS MUSIC LIMITED

REGISTERED NUMBER: 00846308

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Stocks	4	-		1
Debtors: amounts falling due within one year	5	373,505		402,209
Cash at bank and in hand	6	863,168		930,167
		1,236,673		1,332,377
Creditors: amounts falling due within one year	7	(738,150)		(753,773)
Net current assets			498,523		578,604
Total assets less current liabilities			498,523		578,604

Net assets			498,523		578,604

Capital and reserves
Called up share capital	8	83	83
Capital redemption reserve		17	17
Profit and loss account		498,423	578,504
		498,523	578,604

FABULOUS MUSIC LIMITED

REGISTERED NUMBER: 00846308

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2025

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 profit and loss account 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 by:

L S Richmond	P D B Townshend
Director	Director

Date: 15 July 2026

The notes on pages 3 to 6 form part of these financial statements.

FABULOUS MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Fabulous Music Limited is a private company, limited by shares, registered in England and Wales, registration number 00846308. The registered office address is Suite 2.07, Plaza 535, Kings Road, London, SW10 0SZ.

The principal activity of the company continued to be that of music publishing.

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 Section 1A of the Financial Reporting Standard 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.

2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account. All other foreign exchange gains and losses are presented in the profit or loss account.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from music publishing is recognised as the related performance obligations are satisfied and only to the extent that is probable that the company will be entitled to the consideration due under the contract

Royalties receivable are recognised at the year end date by the company.

Royalties payable are calculated by reference to statements of account used for determining royalties receivable.

FABULOUS MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Interest income

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

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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

2.11

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.

FABULOUS MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

4.	Stocks
		2025	2024
		£	£

	Finished goods	-	1

Debtors

					2025	2024
					£	£


Trade debtors	69,515	86,457
Amounts owed by associates	302,330	313,338
Other debtors	1,660	2,414
	373,505	402,209

6.	Cash
		2025	2024
		£	£

	Cash at bank	863,168	930,167

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

Trade creditors	448,498	436,381
Corporation tax	165,863	192,572
Other taxation and social security	29,662	37,115
Other creditors	85,595	79,174
Accruals	8,532	8,531
	738,150	753,773

FABULOUS MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

83 (2024 - 83) Ordinary shares of £1.00 each	83	83

9.Other financial commitments

The directors proposed that a final dividend of £498,000 (2024 - £578,095) is payable for the year under review.