The director presents his annual report and financial statements for the year ended 30 November 2025.

The principal activity of the company continued to be that of artist management and consultancy.

This year’s artist management activities remained focused on our legacy roster, with one of our long-standing artists working throughout the year touring with the iconic Sabrina Carpenter on her Short n’ Sweet tour alongside major TV and awards ceremony performances.

Neighbouring rights and residual royalties have been positive with credits on huge-selling releases such as Lady Gaga’s ‘A Star Is Born’, Top Gun: Maverick’s ‘Hold My Hand’ and the HBO Max ‘Chromatica Ball’ film all proving evergreen potential.

Another of our legacy artists has been commissioned to compose an innovative film soundtrack for an Oscar-winning film director, which should see release in 26/27.

Whilst investment has remained focused predominantly on the launch of our new events brand, LA Vocal Sessions (LAVS), the 24/25 year saw some further investment in website and ecommerce infrastructure, social media presence and an increased business development focus - with a delayed commercial launch now slated for 25/26.

Cost of sales decreased by 72%, administrative expenses fell by around 37%, bringing a bottom-line improvement of 89%.

Credit is constituted primarily of loans of £25,652 from the director, of which £2,610 falls due for repayment in the next 12 months.

The director who held office during the year and up to the date of signature of the financial statements was as follows:

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

NPA Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements. The directors have agreed to continue to financially support the company in order to meet its liabilities as they fall due.

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Commission income from contracts in accounted for on a receivable basis in accordance with the terms of the contracts and is calculated as a percentage of amounts paid to the artists during the year

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

An impairment loss is recognised immediately in profit or loss.

The company only has financial instruments which are classified as basic financial instruments.

Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

Bank loans are initially recorded at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The average monthly number of persons (including directors) employed by the company during the year was:

During the year N Preston, a director, advanced the company £5,610 (2024 - £2,000) and withdrew £20 (2024 - £nil). Interest of £3,370 (2024 - £1,945) was charged to the company on the outstanding loan balance. At the balance sheet date, the company owed the director £25,652 (2024 - £16,692), split between creditors: amounts falling due within one year £2,610 (2024 - £nil) and creditors: amounts falling due after more than one year £23,042 (2024 - £16,692) in accordance with the underlying loan agreements.

The company is controlled by director N C R Preston by virtue of his shareholding.