ACCOUNTS - Final Accounts

Registered number: 03671508

FREAK'N SEE MUSIC LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FREAK'N SEE MUSIC LIMITED

REGISTERED NUMBER: 03671508

BALANCE SHEET

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		804		804
			804		804
Current assets
Debtors: amounts falling due within one year	5	109,979		145,460
Cash at bank and in hand	6	885		2,337
		110,864		147,797
Creditors: amounts falling due within one year	7	(139,437)		(122,704)
Net current (liabilities)/assets			(28,573)		25,093
Total assets less current liabilities			(27,769)		25,897

Net (liabilities)/assets			(27,769)		25,897

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		(27,869)	25,797
		(27,769)	25,897

FREAK'N SEE MUSIC LIMITED

REGISTERED NUMBER: 03671508

BALANCE SHEET (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 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 board and were signed on its behalf by:

S H C Bentolila

Director

Date: 24 August 2026

The notes on pages 3 to 7 form part of these financial statements.

FREAK'N SEE MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

Freak'N See Music Limited is a private company, limited by shares, registered in England and Wales, registration number 03671508. 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 music production, music publishing and music management and consulting.

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 Section 1A of the 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

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent company and group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

The financial statements have been prepared on the going concern basis as the directors have confirmed that they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis.

2.4

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 profit and loss account.

FREAK'N SEE MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.5

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 music production, music publishing and music management and consulting is recognised when the services have been provided and the related obligations are satisfied and it is probable that the company will be entitled to the consideration due under the contract.

Royalties receivable are recognised in the accounting year per the royalty statement date.

Royalties payable are calculated by reference to statements of account used for determining royalties receivable.

2.6

Interest income

Interest income is recognised in the profit and loss account using the effective interest method.

2.7

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account 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.

2.8

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 the profit and loss account 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.

2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.10

Investments in associates and joint ventures

Associates and joint ventures are held at cost less impairment.

FREAK'N SEE MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.11

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.

2.12

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.13

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities 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 instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, loans with related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Fixed asset investments

	Investments in subsidiary company	Investment in joint ventures	Total
	£	£	£
Cost
At 1 January 2025	802	2	804
At 31 December 2025	802	2	804

Net book value
At 31 December 2025	802	2	804
At 31 December 2024	802	2	804

FREAK'N SEE MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Subsidiary undertaking
The following was a subsidiary undertaking of the company:
Name	Country of registration	Principal activity	Class of shares	Holding

Freak'N See Music Inc.

United States

Music publishing

Ordinary

100%

Joint venture
The following was a joint venture of the company:
Name	Country of registration	Principal activity	Class of shares	Holding

3I Music Limited

United Kingdom

Consultancy

Ordinary

50%

Debtors


					2025	2024
					£	£


Trade debtors	3,540	16,663
Amounts owed by group undertakings	72,037	85,403
Other debtors	6,909	11,150
Prepayments and accrued income	27,493	32,244
	109,979	145,460

6.	Cash
		2025	2024
		£	£

Cash at bank	885	2,337
Less: bank overdrafts	(152)	-
	733	2,337

FREAK'N SEE MUSIC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

7.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	152	-
Trade creditors	22,759	30,373
Other taxation and social security	1,437	5,239
Other creditors	54,863	37,824
Accruals	60,226	49,268
	139,437	122,704

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

26 (2024 - 26) Ordinary A shares of £1.00 each	26	26
49 (2024 - 49) Ordinary B shares of £1.00 each	49	49
25 (2024 - 25) Ordinary C shares of £1.00 each	25	25

	100	100

9.	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 £NIL (2024 - £2,200).

10.	Transactions with directors

As at the year end, the company owed £33,522 (2024 - £11,452) to the directors. This loan is unsecured, interest free and repayable on demand.

11.

Related party transactions

As at the year end, a balance of £20,930 (2024 - £20,930) was due to a shareholder. The loan is unsecured, interest free and repayable on demand.

As at the year end, a balance of £1,550 (2024 - £750) was due from a joint venture. The loan is unsecured, interest free and repayable on demand.

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35.