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REGISTERED NUMBER: 05916400 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2025 |

| FOR |

| FIRSTWORKS MUSIC INTERNATIONAL LIMITED |

FIRSTWORKS MUSIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 05916400)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

FIRSTWORKS MUSIC INTERNATIONAL LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTORS: | E N Cox

| T Prior

| H Cox

| SECRETARY: | E M Prior

| REGISTERED OFFICE: | First Floor, Jebsen House

| 53-61 High Street

| Ruislip

| Middlesex

| HA4 7BD

| REGISTERED NUMBER: | 05916400 (England and Wales)

| ACCOUNTANTS: | Sproull & Co.

| Chartered Accountants

| First Floor, Jebsen House

| 53-61 High Street

| Ruislip

| Middlesex

| HA4 7BD

FIRSTWORKS MUSIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 05916400)

BALANCE SHEET

31ST DECEMBER 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 2,424,733 |  | 1,684,679 |  |

Cash at bank | 499,224 |  | 911,129 |  |

2,923,957 |  | 2,595,808 |  |

CREDITORS

Amounts falling due within one year | 5 | 1,857,245 |  | 1,646,269 |  |

NET CURRENT ASSETS | 1,066,712 |  | 949,539 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,066,712 |  | 949,539 |  |

CAPITAL AND RESERVES

Called up share capital | 20 |  | 20 |  |

Retained earnings | 1,066,692 |  | 949,519 |  |

SHAREHOLDERS' FUNDS | 1,066,712 |  | 949,539 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FIRSTWORKS MUSIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 05916400)

BALANCE SHEET - continued

31ST DECEMBER 2025

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th August 2026 and were signed on its behalf by:

T Prior - Director

FIRSTWORKS MUSIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 05916400)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| Firstworks Music International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| Related party exemption

| The company has taken advantage of the exemption available in accordance with the Financial Reporting Standard 102, Section 33.1A, 'Related Party Disclosures' not to disclose transactions entered and outstanding balances between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Taxation

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Royalties and productions costs

| Production costs are written off in their entirety in the year in which they fall due for payment. Provision is made for royalties payable on all receipts during the year. Credit is taken for royalties received at the date of receipt.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

FIRSTWORKS MUSIC INTERNATIONAL LIMITED (REGISTERED NUMBER: 05916400)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 87,744 |  | 62,118 |  |

| Amounts owed by group undertakings | 2,329,603 |  | 1,622,561 |  |

| Other debtors | 7,386 |  | - |  |

2,424,733 |  | 1,684,679 |  |

| The amounts owed by group undertakings are interest-free, unsecured and repayable on demand.

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 3,796 |  | 12,950 |  |

| Amounts owed to group undertakings | 663,961 |  | 483,278 |  |

| Taxation and social security | 11,925 |  | - |  |

| Other creditors | 1,177,563 |  | 1,150,041 |  |

1,857,245 |  | 1,646,269 |  |

| The amounts owed to group undertakings are interest-free, unsecured and repayable on demand.

6. | SECURED DEBTS

| The Royal Bank of Scotland Plc holds a fixed and floating charge over all the assets of the company.

7. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is West One Music Group limited.