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REGISTERED NUMBER: 03955295 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

WEST ONE MUSIC LIMITED
WEST ONE MUSIC LIMITED (REGISTERED NUMBER: 03955295)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST ONE MUSIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: E N Cox
H Cox
T Prior
E M Prior





SECRETARY: E M Prior





REGISTERED OFFICE: First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD





REGISTERED NUMBER: 03955295 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD
Page 1
WEST ONE MUSIC LIMITED (REGISTERED NUMBER: 03955295)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 5,714 8,253
Investments 5 50,001 50,001
55,715 58,254

CURRENT ASSETS
Debtors 6 4,138,445 3,997,728
Cash at bank 1,422,772 1,055,572
5,561,217 5,053,300
CREDITORS
Amounts falling due within one year 7 5,068,336 4,721,421
NET CURRENT ASSETS 492,881 331,879
TOTAL ASSETS LESS CURRENT
LIABILITIES
548,596
390,133

CAPITAL AND RESERVES
Called up share capital 20 20
Share premium 23,398 23,398
Retained earnings 525,178 366,715
SHAREHOLDERS' FUNDS 548,596 390,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2
WEST ONE MUSIC LIMITED (REGISTERED NUMBER: 03955295)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st October 2025 and were signed on its behalf by:





T Prior - Director


The notes form part of these financial statements

Page 3
WEST ONE MUSIC LIMITED (REGISTERED NUMBER: 03955295)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

West One Music 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.

2. ACCOUNTING POLICIES

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

The company is a subsidiary of West One Music Group Limited a company registered in England. The company has therefore taken advantage of Section 400 of the Companies Act 2006 not to prepare group accounts.

The financial statements therefore present information about the company as an individual undertaking and not about its group.

Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Related party exemption
The company has taken advantage of the exemption available in accordance with the Financial Reporting Standard 102, Section 33.1A, 'Related Party Disclosures' not to disclose transactions entered and outstanding balances between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company contributes to personal pension schemes for employees. The assets of the schemes are held independently of the company by an insurance company. The amount charged to the profit and loss account is the contributions payable in the year.

Page 4
WEST ONE MUSIC LIMITED (REGISTERED NUMBER: 03955295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Royalties and production costs
Production costs are written off in their entirety in the period in which they fall due for payment. Provision is made for royalties payable on all receipts during the period. Credit is taken for royalties received at the date of receipt.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 45 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st January 2024
and 31st December 2024 10,158
DEPRECIATION
At 1st January 2024 1,905
Charge for year 2,539
At 31st December 2024 4,444
NET BOOK VALUE
At 31st December 2024 5,714
At 31st December 2023 8,253

5. FIXED ASSET INVESTMENTS
Investments
in
subsidiary
companies
£
COST
At 1st January 2024
and 31st December 2024 50,001
NET BOOK VALUE
At 31st December 2024 50,001
At 31st December 2023 50,001

Page 5
WEST ONE MUSIC LIMITED (REGISTERED NUMBER: 03955295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 21,754 -
Amounts owed by group undertakings 3,077,026 2,985,029
Other debtors 1,039,665 1,012,699
4,138,445 3,997,728

The amounts owed by group undertakings are interest-free, unsecured and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 81,285 29,337
Amounts owed to group undertakings 4,154,451 3,775,156
Taxation and social security 148,273 151,857
Other creditors 684,327 765,071
5,068,336 4,721,421

The amounts owed to group undertakings are interest-free, unsecured and repayable on demand.

8. SECURED DEBTS

The Royal Bank of Scotland Plc holds a fixed and floating charge over all the assets of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024 2023
£ £
T Prior
Balance outstanding at start of year 28,603 28,205
Amounts advanced - 398
Amounts repaid (17,116 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,487 28,603

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is West One Music Group limited.

Page 6