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

Music In Print Limited is a private company limited by shares incorporated in England and Wales. The registered office is Acre House, 11-15 William Road, London, United Kingdom, NW1 3ER.

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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Hal Leonard LLC.

Notwithstanding net liabilities of £6,347,431 as at 31 December 2025 and a profit for the year of £173,918, the financial statements have been prepared as a going concern, on the basis that the company has the financial support of the group to cover obligations as they fall due for a period of at least 12 months from the date of signing these financial statements and that the group have also committed to not seek repayment of the amounts currently due unless the company is in a position to make the repayment. true

As at 31 December 2025 the amounts owed to group amounted to £8,402,560, once the group liability is removed, the company has a positive financial position of £2,055,129. Therefore, based on the group support the directors consider the going concern assumption to be appropriate.

The directors are considering a future group reorganisation under which the Company's assets and liabilities may be transferred to another group undertaking. Following completion of any such transfer, the Company may cease trading and be wound up.

As at the date of approval of these financial statements, no formal decision has been taken and no binding arrangements are in place in respect of the proposed reorganisation. The timing, structure and outcome of any reorganisation therefore remain uncertain.

The directors have assessed the Company's ability to continue as a going concern and have concluded that the Company will have adequate resources to meet its obligations as they fall due for a period of at least twelve months from the date of approval of these financial statements. However, the proposed reorganisation gives rise to a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern, as the transfer of the Company's assets and liabilities to another group undertaking could result in the cessation of the Company's trading activities and its subsequent winding up.

Notwithstanding this material uncertainty, the directors consider it appropriate to prepare the financial statements on the going concern basis because no formal decision has been made and no binding arrangements are in place, and the Company is expected to have sufficient resources to continue meeting its obligations as they fall due for at least twelve months from the date of approval of these financial statements.

Accordingly, the financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.

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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors and loans from fellow group companies are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

The costs of short-term employee benefits are recognised as a liability and an expense.

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

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

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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.

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Dilapidations provision

Management have applied judgement in order to estimate the dilapidations provision relating to the retail store. The provision is based on management's estimate of the expenditure required to meet the contractual obligations to restore the property at the end of the lease.

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

Deferred tax is not recognised in respect of estimated tax losses of £5.3M as it is not probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

The parent company for which consolidated financial statements are drawn up and of which Music in Print Limited is a member is Hal Leonard LLC. The registered office is 7777 West Bluemound Road, Milwaukee, WI 53213, United States. Consolidated financial statements can be obtained from this address.

The ultimate controlling party is Zeta8 Foundation. The registered office is Austrasse 14, 9495 Triesen, Liechtenstein.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

There is one operating lease held by Music in Print for vacant shop premises following the closure of physical stores. The lease is considered onerous and has been provided for at the year-end.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Material uncertainty related to going concern

We draw attention to Note 1.2 to the financial statements, which describes the directors’ consideration of a proposed group reorganisation under which the Company’s assets and liabilities may be transferred to another group undertaking, following which the Company may cease trading and be wound up. As stated, no formal decision has been made and no binding arrangements are currently in place.

These events or conditions, along with the other matters as set out in note 1.2, indicate that a material uncertainty exists which may cast significant doubt on the Company’s ability to continue as a going concern.

Our opinion is not modified in respect of this matter. In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.