REGISTERED NUMBER: 03955295 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

WEST ONE MUSIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E N Cox

H Cox

T Prior

E M Prior

SECRETARY:

E M Prior

REGISTERED OFFICE:

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

REGISTERED NUMBER:

03955295 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

FIXED ASSETS

Tangible assets

4

3,175

5,714

Investments

5

50,001

50,001

53,176

55,715

CURRENT ASSETS

Debtors

6

3,782,851

4,138,445

Cash at bank

2,542,575

1,422,772

6,325,426

5,561,217

CREDITORS

Amounts falling due within one year

7

6,025,720

5,068,336

NET CURRENT ASSETS

299,706

492,881

TOTAL ASSETS LESS CURRENT LIABILITIES

352,882

548,596

CAPITAL AND RESERVES

Called up share capital

20

20

Share premium

23,398

23,398

Retained earnings

329,464

525,178

SHAREHOLDERS' FUNDS

352,882

548,596

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.

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

1.	STATUTORY INFORMATION

West One Music 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.

The company is a subsidiary of West One Music Group Limited a company registered in England. The company has therefore taken advantage of Section 400 of the Companies Act 2006 not to prepare group accounts.

The financial statements therefore present information about the company as an individual undertaking and not about its group.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Pension costs and other post-retirement benefits

The company contributes to personal pension schemes for employees. The assets of the schemes are held independently of the company by an insurance company. The amount charged to the profit and loss account is the contributions payable in the year.

Royalties and production costs

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

Leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 37 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

and 31st December 2025

10,158

DEPRECIATION

At 1st January 2025

4,444

Charge for year

2,539

At 31st December 2025

6,983

NET BOOK VALUE

At 31st December 2025

3,175

At 31st December 2024

5,714

5.	FIXED ASSET INVESTMENTS

Investments

in

subsidiary

companies

£

COST

At 1st January 2025

and 31st December 2025

50,001

NET BOOK VALUE

At 31st December 2025

50,001

At 31st December 2024

50,001

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,900

21,754

Amounts owed by group undertakings

2,656,437

3,077,026

Other debtors

1,106,514

1,039,665

3,782,851

4,138,445

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

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

40,179

81,285

Amounts owed to group undertakings

4,917,741

4,154,451

Taxation and social security

193,874

148,273

Other creditors

873,926

684,327

6,025,720

5,068,336

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

8.	SECURED DEBTS

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

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2025 and 31st December 2024:

2025

2024

£

£

T Prior

Balance outstanding at start of year

11,487

28,603

Amounts advanced

9,152

-

Amounts repaid

-

(17,116

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,639

11,487

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is West One Music Group limited.