REGISTERED NUMBER: 09695333 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ASM ONE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S P Fawcett

REGISTERED OFFICE:

23 High Street

Pewsey

Wiltshire

SN9 5AF

REGISTERED NUMBER:

09695333 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Intangible assets

4

1,500

416,166

CURRENT ASSETS

Debtors

5

211,359

18,755

Cash at bank

252

124

211,611

18,879

CREDITORS

Amounts falling due within one year

6

54,179

227,078

NET CURRENT ASSETS/(LIABILITIES)

157,432

(208,199

)

TOTAL ASSETS LESS CURRENT LIABILITIES

158,932

207,967

CREDITORS

Amounts falling due after more than one year

7

7,123

9,208

NET ASSETS

151,809

198,759

CAPITAL AND RESERVES

Called up share capital

2,850

2,850

Share premium Account

133,650

133,650

Retained earnings

15,309

62,259

SHAREHOLDERS' FUNDS

151,809

198,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2026 and were signed by:

S P Fawcett - Director

1.	STATUTORY INFORMATION

ASM One Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents royalties received from music copyrights during the year.

Revenue recognition

Royalties from music copyrights is recognised by the company in the accounting period in which they relate to.

Financial instruments

Financial assets and liabilities are recognized in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Loans and Borrowings

Loans and borrowings are measured initially at fair value, net of transactions costs and are measured subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Music copyrights

Music Copyrights are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 20 years.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Music

Copyright

£

COST

At 1 January 2025

573,554

Additions

2,000

Disposals

(573,554

)

At 31 December 2025

2,000

AMORTISATION

At 1 January 2025

157,386

Amortisation for year

7,669

Eliminated on disposal

(164,555

)

At 31 December 2025

500

NET BOOK VALUE

At 31 December 2025

1,500

At 31 December 2024

416,168

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by related company

210,279

-

Other debtors

1,080

18,755

211,359

18,755

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

2,085

49,581

Trade creditors

6,901

-

Amounts owed to related company

-

170,437

Taxation and social security

44,313

5,038

Other creditors

880

2,022

54,179

227,078

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

7,123

9,208

Amounts falling due in more than five years:

Repayable by instalments

Bank Loans due after more than

5 years

-

869

-

869

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans within 1 year

2,085

49,581

Amounts falling due between one and two years:

Bank loans - 1 - 2 years

2,085

2,085

Amounts falling due between two and five years:

Bank loans - 2 - 5 years

5,038

6,254

Amounts falling due in more than five years:

Repayable by instalments

Bank Loans due after more than

5 years

-

869

-

869

9.	SECURED DEBTS

The bank loans are secured by a fixed and floating charge over the assets of the company. Interest is charged at 8% and loans are fully repaid during the year.

10.	RELATED PARTY DISCLOSURES

Included within debtors as at the year end is £ 210,279 (2024: £170,437 Owed to), an amount owed from Copyright Administration Services Limited, a company where Mr. Simon Fawcett is also the director. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

11.	ULTIMATE PARENT AND CONTROLLING PARTY

The company is a subsidiary of Copyright Administration Services Limited, a company registered in England and Wales. The director considers Copyright Administration Services Limited to be the ultimate controlling party.