For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Love Records Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, London, WC1A 2SL.

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.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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

Royalty income is accounted for on a receivable basis to the extent that it can be quantified from amounts paid or declared by licensees and other parties.

The company only has financial instruments which are classified as basic financial instruments.

Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

Bank loans are initially recorded at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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

During the year Squeeze Touring Limited, a related party sharing 100% of the directors, repaid Love Records Limited £19,283 in respect to expenses incurred on its behalf. Subsequently Squeeze Touring Limited was dissolved and the remaining £53,000 owed from the related party was written back to profit or loss. At the balance sheet date Love Records Limited owed the related party £Nil (2025: £72,283).

During the year Squeeze Live LLP, of which the directors of the company are members, incurred expenses on behalf of Love Records Limited totaling £70,263. Love Record Limited repaid £112,294 to the LLP during the year. Love Records Limited incurred expenses on behalf of Squeeze Live LLP totaling £158 all of which was repaid. At the balance sheet date Love Records Limited owed the related party £10,978 (2025 £53,168).

During the year, Chris Difford, a director of the company, incurred expenses on behalf of Love Records Limited totaling £121. At the year end, £20,121 (2025: £20,000) was owed to Chris Difford. This amount is included within other creditors.

At the year end, £20,000 (2025: £20,000) was owed to Glenn Tilbrook, a director of the company. This amount is included within other creditors.

All loans are interest free and repayable on demand.

The company is controlled jointly by the directors with no individual director having overall control.