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Registered number: 06344313 AEI MUSIC LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
AEI MUSIC LIMITED
COMPANY INFORMATION
Directors | J A J Cotterill
| D Dias
| L B Hood
| S L Cole (resigned 31 January 2026)
Registered number | 06344313
Registered office | C/O Aei Music Group
| Unit V, W, X, Y Reliance Wharf
| 2-10 Hertford Road
| London
| United Kingdom
| N1 5ET
Accountants | Sopher + Co LLP
| Chartered Accountants
| 5 Elstree Gate
| Elstree Way
| Borehamwood
| Hertfordshire
| WD6 1JD
AEI MUSIC LIMITED
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 9
AEI MUSIC LIMITED REGISTERED NUMBER:06344313
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 17,016 |  | 41,007
Investments | 5 |  | 125 |  | 305
|  |  | 17,141 |  | 41,312
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 5,292,771 |  | 5,278,606 |
Cash at bank and in hand |  | 1,144,460 |  | 490,762 |
|  | 6,437,231 |  | 5,769,368 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 7 | (7,124,705) |  | (6,283,367) |
Net current liabilities |  |  | (687,474) |  | (513,999)
Total assets less current liabilities |  |  | (670,333) |  | (472,687)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (16,862) |  | (16,862) |
|  |  | (16,862) |  | (16,862)
Net liabilities |  |  | (687,195) |  | (489,549)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 900 |  | 900
Profit and loss account |  |  | (688,095) |  | (490,449)
|  |  | (687,195) |  | (489,549)
Page 1
AEI MUSIC LIMITED REGISTERED NUMBER:06344313
STATEMENT OF FINANCIAL POSITION (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 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 by:
D Dias
Director
Date: 21 July 2026
The notes on pages 3 to 9 form part of these financial statements. Page 2
AEI MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
AEI Music Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Aei Music Group, Unit V, W, X, Y Reliance Wharf, 2-10 Hertford Road, London, United Kingdom, N1 5ET. The principal activity of the Company continued to be that of music publishing, digital media sales and the collection of publishing royalties along with retail merchandising sales. The Company's functional and presentational currency is £ Sterling. 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 | Exemption from preparing consolidated financial statements
The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
| 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, commissions, value added tax and other sales taxes. Royalties receivable are accounted on an accruals basis and are recognised in the period to which they relate. Synchronisation fees are recognised once there is unconditional right to receive the associated consideration.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
AEI MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | Pensions
Defined contribution pension plan The Company contributes to 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
| 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 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Page 4
AEI MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.9 | 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, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 20% |
|  |  |  | Fixtures and fittings | - | 25% |
|  |  |  | Computer equipment | - | 33% |
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.
| 2.10 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.11 | Valuation of associates
Associates are held at cost less impairment.
| 2.12 | 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.
| 2.13 | 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.
| 2.14 | 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. Page 5
AEI MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.15 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.16 | Financial instruments
The Company enters into basic financial instrument transactions. Basic financial instruments, including trade debtors, trade creditors, cash and loans to related parties, are accounted for in accordance with FRS 102 Section 11.
| 2.17 | Dividends
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 directors, during the year was 31 (2024 - 35).
Page 6
AEI MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Tangible fixed assets
|  | Motor vehicles | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2025 | 51,626 | 6,400 | 67,906 | 125,932
| Additions | - | 479 | 6,687 | 7,166
| Disposals | - | - | (15,647) | (15,647)
| At 31 December 2025 | 51,626 | 6,879 | 58,946 | 117,451
| Depreciation |  |  |  |
| At 1 January 2025 | 42,441 | 4,040 | 38,444 | 84,925
| Charge for the year on owned assets | 9,185 | 1,061 | 20,629 | 30,875
| Disposals | - | - | (15,365) | (15,365)
| At 31 December 2025 | 51,626 | 5,101 | 43,708 | 100,435
| Net book value |  |  |  |
| At 31 December 2025 | - | 1,778 | 15,238 | 17,016
| At 31 December 2024 | 9,185 | 2,360 | 29,462 | 41,007
5. | Fixed asset investments
|  | Investments in subsidiary companies | Investments in associates | Other fixed asset investments | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2025 | 180 | 115 | 10 | 305
| Disposals | (180) | - | - | (180)
| At 31 December 2025 | - | 115 | 10 | 125
Page 7
AEI MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 328,231 | 434,166
| Amounts owed by group undertakings | 3,585,180 | 162,141
| Amounts owed by associated undertakings | 87,431 | 3,122,575
| Other debtors | 178,097 | 459,034
| Prepayments and accrued income | 1,113,832 | 1,100,690
|  | 5,292,771 | 5,278,606
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 455,578 | 161,056
| Amounts owed to group undertakings | 55,740 | 471,310
| Amounts owed to associated undertakings | 4,123,196 | 3,278,520
| Corporation tax | - | 115,782
| Other taxation and social security | 35,745 | 52,977
| Other creditors | 19,716 | 19,162
| Accruals and deferred income | 2,434,730 | 2,184,560
|  | 7,124,705 | 6,283,367
8. | Related party transactions
| The Company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. Amounts owed by and to associates are interest free and repayable on demand. These balances relate to entities in which the directors have a material interest or control.
Page 8
AEI MUSIC LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Controlling party
The ultimate parent and controlling company is AEI Ventures Limited, a company registered in England and Wales. Their registered office address is C/O Aei Music Group, Unit V, W, X, Y Reliance Wharf, 2-10 Hertford Road, London, United Kingdom, N1 5ET.
Page 9