Company No: 08615775 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	C M Esclapez
	T Rogers

SECRETARY

Avery Law Cosec Ltd

REGISTERED OFFICE	83 Lavender Hill
	London
	SW11 5QL
	United Kingdom

COMPANY NUMBER

08615775 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	655		873
		655		873
Current assets
Debtors	4	27,335		32,263
Cash at bank and in hand		253		38,971
		27,588		71,234
Creditors: amounts falling due within one year	5	( 64,355)		( 64,136)
Net current (liabilities)/assets		(36,767)		7,098
Total assets less current liabilities		(36,112)		7,971
Creditors: amounts falling due after more than one year	6	( 9,651)		( 3,553)
Net (liabilities)/assets		( 45,763)		4,418
Capital and reserves
Called-up share capital		186		186
Share premium account		1,245,048		1,235,049
Profit and loss account		( 1,290,997 )		( 1,230,817 )
Total shareholders' (deficit)/funds		( 45,763)		4,418

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Music Education Technologies Limited (registered number: 08615775) were approved and authorised for issue by the Board of Directors on 30 September 2026. They were signed on its behalf by:

T Rogers Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Music Education Technologies Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 83 Lavender Hill, London, SW11 5QL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents net income received from online sales, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Computer equipment	25 % reducing balance

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The balance sheet at the end of the year recorded net negative liabilities. However the company is actively raising funds and has
successfully secured 10% of its target amount of £1m, providing essential capital for ongoing operations and strategic initiatives. Furthermore, the company is engaged in significant contract negotiations with key partners to significantluy expand usage of its exam system. The recent shift to a subscription-based business model has resulted in significantly improved customer metrics (5:1 LTV to CAC), with a CLV of £150-200 per subscriber. These factors collectively support our positive outlook for the company's financial health and operational sustainability. Therefore, the financial statements have been prepared on a going concern basis.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Plant and machinery		Computer equipment		Total
	£		£		£
Cost
At 01 January 2025	1,063		6,495		7,558
At 31 December 2025	1,063		6,495		7,558
Accumulated depreciation
At 01 January 2025	1,009		5,676		6,685
Charge for the financial year	14		204		218
At 31 December 2025	1,023		5,880		6,903
Net book value
At 31 December 2025	40		615		655
At 31 December 2024	54		819		873

4. Debtors

	2025		2024
	£		£
Trade debtors	4,318		2,402
Other debtors	23,017		29,861
	27,335		32,263

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	11,187		3,030
Trade creditors	20,812		25,340
Other taxation and social security	10,768		14,401
Other creditors	21,588		21,365
	64,355		64,136

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	9,651		3,553

There are no amounts included above in respect of which any security has been given by the small entity.