Registration number: 08102043

Sputnik Music Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Sputnik Music Ltd

(Registration number: 08102043)
Statement of Financial Position
31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,085	3,679
Current assets
Debtors	5	5,132	1,699
Cash at bank and in hand		49,607	28,736
		54,739	30,435
Creditors: Amounts falling due within one year	6	(11,336)	(7,229)
Net current assets		43,403	23,206
Total assets less current liabilities		47,488	26,885
Creditors: Amounts falling due after more than one year	6	(4,621)	(5,802)
Provisions for liabilities		(1,021)	(920)
Net assets		41,846	20,163
Capital and reserves
Called up share capital		100	100
Retained earnings		41,746	20,063
Shareholders' funds		41,846	20,163

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Sputnik Music Ltd

(Registration number: 08102043)
Statement of Financial Position
31 December 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 August 2026
 

......................................... M T Arciero Director

Sputnik Music Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4 Hatch Place
Kingston-Upon-Thames
KT2 5NB

These financial statements were authorised for issue by the director on 28 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The comparative figures shown in these accounts for 2024 relate to the shortened 9 period from 01 April 2024 to 31 December 2024 in order to adjust the companies yearend.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Sputnik Music Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	over 4 years
Fixtures and Fittings	15% reducing balance
Office Equipment	between 2 and 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Sputnik Music Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Sputnik Music Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	10,808	434	11,242
Additions	931	1,935	2,866
At 31 December 2025	11,739	2,369	14,108
Depreciation
At 1 January 2025	7,533	30	7,563
Charge for the year	2,199	261	2,460
At 31 December 2025	9,732	291	10,023
Carrying amount
At 31 December 2025	2,007	2,078	4,085
At 31 December 2024	3,275	404	3,679

5

Debtors

Current	2025 £	2024 £
Other debtors	5,132	1,699
	5,132	1,699

Sputnik Music Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	1,353	1,524
Trade creditors		1,827	-
Taxation and social security		8,156	5,705
		11,336	7,229

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	4,621	5,802

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,621	5,802

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,353	1,524

Sputnik Music Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 December 2025

8	Related party transactions

Transactions with the director

2025	At 1 January 2025 £	Advances to director £	Repayments by director £	At 31 December 2025 £
M T Arciero
Directors Loan Account	1,699	3,663	(804)	4,558

2024	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
M T Arciero
Directors Loan Account	93	2,386	(780)	1,699

Other transactions with the director

Mr M Arciero is also a director and controlling interest of Retrospective Live Limited. During the year Sputnik Music Ltd received income of £46,491 (2024: £40,476) from Retrospective Live Limited and there is nothing outstanding at the yearend.