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Registered number: 04116478 MN2S MANAGEMENT LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
MN2S MANAGEMENT LIMITED REGISTERED NUMBER: 04116478 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 23,471 |  | 3,580
Tangible assets | 5 |  | 6,515 |  | 9,883
|  |  | 29,986 |  | 13,463
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 2,629,648 |  | 2,757,883 |
Cash at bank | 7 | 3,696,159 |  | 2,976,157 |
|  | 6,325,807 |  | 5,734,040 |
Creditors: amounts falling due within one year | 8 | (1,147,482) |  | (1,331,436) |
Net current assets |  |  | 5,178,325 |  | 4,402,604
Total assets less current liabilities |  |  | 5,208,311 |  | 4,416,067
Creditors: amounts falling due after more than one year | 9 |  | - |  | (25,000)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (717) |  | (1,395) |
|  |  | (717) |  | (1,395)
Net assets |  |  | 5,207,594 |  | 4,389,672
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 667 |  | 667
Capital redemption reserve | 12 |  | 333 |  | 333
Profit and loss account | 12 |  | 5,206,594 |  | 4,388,672
|  |  | 5,207,594 |  | 4,389,672
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MN2S MANAGEMENT LIMITED REGISTERED NUMBER: 04116478 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2025 The director considers 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 director acknowledges his 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 director and were signed on its behalf by:
S M Elkabas
Director
Date: 5 August 2026
The notes on pages 3 to 10 form part of these financial statements. 2
MN2S MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
MN2S Management Limited is a private company, limited by shares, registered in England and Wales, registration number 04116478. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. The principal activity of the company continued to be that of a musical entertainment agency. 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 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 year 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 are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in the profit and 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 musical entertainment activities is recognised as the related performance obligations are satisfied and only to the extent that it is probable that the company will be entitled to the consideration due under the contract.
| 2.4 | Interest income
Interest income is recognised in the profit and loss account using the effective interest method. 3
MN2S MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
| 2.6 | Borrowing costs
All borrowing costs are recognised in the profit and loss account in the year in which they are incurred.
| 2.7 | 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.
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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 in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 4
MN2S MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.10 | 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. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 20% | reducing balance
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 the profit and loss account.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.12 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.13 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.14 | 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, loans from banks and loans with related parties. 5
MN2S MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.15 | 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.
3. | Employees
| The average monthly number of employees, including the director, during the year was 11 (2024 - 10).
4. | Intangible assets
|  | Website
|  | £
| Cost |
| At 1 January 2025 | 37,627
| Additions | 27,101
| At 31 December 2025 | 64,728
| Amortisation |
| At 1 January 2025 | 34,047
| Charge for the year | 7,210
| At 31 December 2025 | 41,257
| Net book value |
| At 31 December 2025 | 23,471
| At 31 December 2024 | 3,580
6
MN2S MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Plant and machinery
|  | £
| Cost |
| At 1 January 2025 | 18,965
| Additions | 1,279
| Disposals | (7,152)
| At 31 December 2025 | 13,092
| Depreciation |
| At 1 January 2025 | 9,082
| Charge for the year | 2,232
| Disposals | (4,737)
| At 31 December 2025 | 6,577
| Net book value |
| At 31 December 2025 | 6,515
| At 31 December 2024 | 9,883
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 6,694 | 67,449
| Other debtors | 2,495,190 | 2,517,056
| Prepayments and accrued income | 127,764 | 173,378
|  | 2,629,648 | 2,757,883
7. | Cash at bank
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank | 3,696,159 | 2,976,157
7
MN2S MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
8. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 25,000 | 50,000
| Trade creditors | 301,182 | 129,018
| Corporation tax | 111,718 | 123,365
| Other taxation and social security | 12,527 | 10,927
| Other creditors | 499,706 | 805,281
| Accruals | 197,349 | 212,845
|  | 1,147,482 | 1,331,436
| Included in bank loans is an amout outstanding of £25,000 (2024 - £50,000) which is a Coronavirus Business Interruption Loan Scheme, and which is 80% guaranteed by the government. National Westminster Bank PLC holds holds fixed and floating charges which contain a negative pledge over the assets of the company in respect of all the amounts due from the company.
9. | Creditors: amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 25,000
| The bank loans of £NIL (2024 - £25,000) included in creditors due after more than one year is a Coronavirus Business Interruption Loan Scheme, and which is 80% guaranteed by the government.
8
MN2S MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | 1,395
| Charged to profit or loss | 678
| At end of year | 717
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fixed asset timing differences | 892 | 1,572
| Short term timing differences | (175) | (177)
|  | 717 | 1,395
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 667 (2024 - 667) Ordinary shares of £1.00 each | 667 | 667
12. | Reserves
Capital redemption reserve The capital redemption reserve arose on the purchase of the company’s own shares. An amount equal to the nominal value of the shares redeemed was transferred from retained earnings to the capital redemption reserve. The reserve is treated as non-distributable.
13. | Pension commitments
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £11,786 (2024 - £11,556). Included in other creditors at the year end there is an amount payable of £1,633 (2024 - £1,649). 9
MN2S MANAGEMENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
14. | Transactions with the director
At the year end, the director owed the company £44,490 (2024 - £8,862 was owed by the company to the director). The loan is unsecured, repayable on demand and interest has been charged at an official rate. During the year, dividends of £NIL (2024 - £130,000) were paid to the director.
10