REGISTERED NUMBER: 14483158 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

RSCM ENTERPRISES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Dr M J Greenwood

Mr J P Halsey

Dr P S Hedley

Mr H C Morris

Mr N S Riddle

Mr T E Ruffer

Mrs C M Smith

REGISTERED OFFICE:

19 The Close

Salisbury

Wiltshire

SP1 2EB

REGISTERED NUMBER:

14483158 (England and Wales)

AUDITORS:

Rothmans Audit LLP

Statutory Auditors

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

FIXED ASSETS

Intangible assets

4

-

547

CURRENT ASSETS

Stocks

5

52,096

58,936

Debtors

6

48,844

53,716

Cash at bank

51,904

54,150

152,844

166,802

CREDITORS

Amounts falling due within one year

7

62,043

88,083

NET CURRENT ASSETS

90,801

78,719

TOTAL ASSETS LESS CURRENT LIABILITIES

90,801

79,266

CAPITAL AND RESERVES

Called up share capital

1

1

Capital contribution

97,784

89,082

Retained earnings

(6,984

)

(9,817

)

90,801

79,266

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2026 and were signed on its behalf by:

Dr M J Greenwood - Director

1.	STATUTORY INFORMATION

RSCM Enterprises Ltd 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 financial statements are prepared in sterling which is the functional and presentational currency of the Company. The financial statements are rounded to the nearest pound.

The financial statements have been prepared on a going concern basis. The directors consider that there are no material uncertainties about the Company's ability to continue as a going concern.

There are no significant judgements which affect the amounts recognised in these financial statements. With respect to the next reporting period, the most significant areas of estimation uncertainty that affect the carrying value of assets held by the Company are the level of provisions required for slow moving or obsolete stock.

Turnover

Turnover represents the amount derived from the provision of services which fall within the company's ordinary activities, stated after trade discounts, other sales taxes and net of value added tax. The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity. Revenue from physical sales is recognised when goods are despatched to the customer, and revenue from online sales is recognised when the digital products are made available to the customer. Royalties income is recognised in the period in which the company provides assets for usage. Event income is recognised in the period in which the event takes place.

Intangible assets

Intangible fixed assets are stated at cost less amortisation. Assets below £100 are not capitalised. Amortisation is provided on a straight line basis over the estimated useful economic life of each asset, which is considered to be:

Copyrights & publication rights

3-5 years

Website & webshop

5 years

The useful economic lives of these assets are the periods over which it is anticipated that they will continue to generate an appreciable amount of income for the organisation. Impairment reviews are carried out as and when evidence comes to light that the recoverable amount of a functional fixed asset is below its net book value due to damage, obsolescence or other relevant factors.

Stocks

Stock of publications is stated at the lower of cost and net realisable value. Cost is determined using the First-In, First-Out (FIFO) method. The Company applies a provision for slow-moving and obsolete inventory and any write-down of inventory to net realisable value is recognised as an expense in the period in which the write-down occurs.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at cost which is time-apportioned over the period to which the expenses relate.

Creditors and Provisions

Creditors and provisions for liabilities and charges are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

Taxation comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted. 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 statement of financial position date.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange prevailing at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange prevailing at the date of the transaction. Exchange variances are taken into account when arriving at the net income or expenditure for the period.

Cash and cash equivalents

These comprise cash at bank and other short term highly liquid deposits.

Capital and reserves

The parent charity, The Royal School of Church Music, made a capital contribution of £89,082 to the company in 2023, which has been recognised directly in equity within distributable reserves.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Copyright

& publication

Website &

rights

webshop

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

123,269

48,282

171,551

AMORTISATION

At 1 January 2025

122,722

48,282

171,004

Amortisation for year

547

-

547

At 31 December 2025

123,269

48,282

171,551

NET BOOK VALUE

At 31 December 2025

-

-

-

At 31 December 2024

547

-

547

5.

STOCKS

2025

2024

£

£

Stocks

52,096

58,936

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

38,713

38,990

VAT

9,246

12,783

Prepayments and accrued income

885

1,943

48,844

53,716

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

32,257

28,874

Amounts owed to group undertakings

19,638

51,983

Other creditors

1,631

1,561

Accrued expenses

8,517

5,665

62,043

88,083

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lisa Wilson FCA (Senior Statutory Auditor)

for and on behalf of Rothmans Audit LLP

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly-owned components of the group.

10.	ULTIMATE PARENT

The ultimate parent of RSCM Enterprises Limited is The Royal School of Church Music. Copies of the consolidated accounts may be obtained from the company's registered office at 19 The Close, Salisbury, Wiltshire, SP1 2EB.