Way Out Music Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14455752

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,488		-

			1,488		-
CURRENT ASSETS
Debtors	5	27,320		107,045
Cash at bank and in hand		83,986		84,674

		111,306		191,719
Creditors: Amounts Falling Due Within One Year	6	(31,098 )		(84,315 )

NET CURRENT ASSETS (LIABILITIES)			80,208		107,404

TOTAL ASSETS LESS CURRENT LIABILITIES			81,696		107,404

NET ASSETS			81,696		107,404

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			81,695		107,403

SHAREHOLDERS' FUNDS			81,696		107,404

Page 1

Page 2

Way Out Music Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Thor Sutherland

Director

18/08/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Way Out Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14455752 . The registered office is 1st Floor, 104 Oxford Street, London, England, W1D 1LP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of Value Added Tax. Turnover includes commissions and consultancy fees receivable from the rendering of services.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% straight line

2.4. Financial Instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Corporation tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

Page 3

Page 4

Way Out Music Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 December 2024	-
Additions	1,984

As at 30 November 2025	1,984

Depreciation
As at 1 December 2024	-
Provided during the period	496

As at 30 November 2025	496

Net Book Value
As at 30 November 2025	1,488

As at 1 December 2024	-

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	663	107,045
Prepayments and accrued income	26,657	-

	27,320	107,045

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,500	991
Corporation tax	27,441	46,194
VAT	1,562	34,399
Accruals and deferred income	34	34
Director's loan account	561	2,697

	31,098	84,315

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

Page 4