A+E RECORDS LIMITED

1. A+E RECORDS LIMITED 2003-05-16 → present
2. MUSHROOM RECORDS (UK) LIMITED 1983-10-19 → 2003-05-16
3. TICKETMUSIC LIMITED 1983-07-01 → 1983-10-19

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ecovis Wingrave Yeats LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors considered the operating nature of the entity where all transactions are conducted with parent company. The directors also assessed the outstanding inter-company payables and inter-company receivables for a period of 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds through funding from its ultimate parent Warner Music Group Corp to meet its liabilities as they fall due for that period.”

Group structure

1. A+E RECORDS LIMITED · parent
   1. Infectious Records Limited 100% · UK · Record company
   2. Funghi Records Limited 100% · UK · Dormant

Significant events

• “Under a License Agreement, which was implemented from 1st October 2014, Warner Music UK Limited, the immediate parent undertaking, accepted the benefit and burden of the company's rights and obligations under its current and future contracts with third parties. Following signature of this Agreement, all receivables and payables in relation to the company's rights and obligations were transferred to Warner Music UK Limited in exchange for an annual royalty consideration of £625,000 per annum until either party terminates the agreement. The royalty fee has been reviewed in light of the catalogue sale made in prior years, both parties agreed that no change is needed.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  0%

  £625,000 → £625,000

• Cash

  —

  Not reported

• Net assets

  +15.2%

  £3,076,000 → £3,545,000

• Employees

  —

  Not reported

• Operating profit

  0%

  £625,000 → £625,000

• Profit before tax

  0%

  £625,000 → £625,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers