BAKLDN Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

BAKLDN Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08320683 . The registered office is 167-169 Great Portland Street, Fifth Floor, London, W1W 5PF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% Straight Line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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BAKLDN Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	220,320
Disposals	(220,320 )

As at 31 December 2025	-

Amortisation
As at 1 January 2025	220,320
Disposals	(220,320 )

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2025	48,174
Additions	12,330

As at 31 December 2025	60,504

Depreciation
As at 1 January 2025	37,118
Provided during the period	8,024

As at 31 December 2025	45,142

Net Book Value
As at 31 December 2025	15,362

As at 1 January 2025	11,056

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BAKLDN Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Investments

	Listed
	£
Cost or Valuation
As at 1 January 2025	3,587,064
Disposals	(105,934 )

As at 31 December 2025	3,481,130

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	3,481,130

As at 1 January 2025	3,587,064

7. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Other debtors	648,912	537,961

8. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	1	5,133
Other creditors	195,212	3,783
Taxation and social security	26,132	28,634

	221,345	37,550

9. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	100	100

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BAKLDN Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Benjamin Kohn	64,976	147,092	(320,000 )	-	107,932

The above loan is unsecured, interest free and repayable on demand.

11. Related Party Transactions

Included within other debtors: amounts due within one year is a loan provided to TMSLDN2 LLP, an entity in which the company has an interest, in the sum of £40,954 (2024: £71,510). The balance is unsecured, interest free and carries no fixed date of repayment.

Also included within other debtors: amounts due within one year is a loan provided to TMS Music LLP, an entity in which the company has an interest, in the sum of £3,030 (2024: £0). The balance is unsecured, interest free and carries no fixed date of repayment.

Also included within other debtors: amounts due within one year is a loan provided to BAK Properties Limited, a company controlled by a director of the company, in the sum of £5,870 (2024: £5,870). The balance is unsecured, interest free and carries no fixed date of repayment.

Also included within other debtors: amounts due within one year is a loan provided to Tailor Made Space Limited, a company controlled by a director of the company, in the sum of £584,076 (2024: £395,605). The balance is unsecured, bears interest at 3% per annum and carries no fixed date of repayment.

Also included within other debtors: amounts due within one year is a loan provided to VBK Design Studio Limited, a company controlled by a director of the company, in the sum of £15,000 (2024: £0). The balance is unsecured, interest free and carries no fixed date of repayment.

Also Included within other creditors: amounts due within one year is a loan received from Taylor Songs Limited, a company controlled by a director of the company, in the sum of £684 (2024: £784). The balance is unsecured, interest free and carries no fixed date of repayment.

Also Included within other creditors: amounts due within one year is a loan received from Songs4Ness Limited, a company controlled by a director of the company, in the sum of £74,853 (2024: £0). The balance is unsecured, interest free and carries no fixed date of repayment.

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		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		15,362		11,056
Investments	6		3,481,130		3,587,064

			3,496,492		3,598,120
CURRENT ASSETS
Debtors	7	648,912		537,961
Cash at bank and in hand		16,162		42,061

		665,074		580,022
Creditors: Amounts Falling Due Within One Year	8	(221,345 )		(37,550 )

NET CURRENT ASSETS (LIABILITIES)			443,729		542,472

TOTAL ASSETS LESS CURRENT LIABILITIES			3,940,221		4,140,592

NET ASSETS			3,940,221		4,140,592

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			3,940,121		4,140,492

SHAREHOLDERS' FUNDS			3,940,221		4,140,592