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Registered number: 12782881









LOTD 25 LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 16 MARCH 2022

 
LOTD 25 LTD
REGISTERED NUMBER: 12782881

BALANCE SHEET
AS AT 16 MARCH 2022

16 March
31 July
2022
2021
Note
£
£

  

Current assets
  

Stocks
  
5,027,331
-

Debtors: amounts falling due within one year
 4 
2,071,407
172

Cash at bank and in hand
 5 
176,815
-

  
7,275,553
172

Creditors: amounts falling due within one year
 6 
(7,285,377)
(432)

Net current liabilities
  
 
 
(9,824)
 
 
(260)

Total assets less current liabilities
  
(9,824)
(260)

  

Net liabilities
  
(9,824)
(260)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(9,924)
(360)

  
(9,824)
(260)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2024.




F Hannigan
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
LOTD 25 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 16 MARCH 2022

1.


General information

LOTD 25 Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office is 5th Floor 104 Oxford Street, Fitzrovia, London, W1D 1LP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

At the reporting date the company had net liabilities of £9,824 and is dependent on the support of its parent company which has undertaken to provide such financial support as is required in order for the company to meet its working capital requirements for the foresseeable future.
On this basis, the directors believe it is appropriate to prepare the financial statements on the going concern basis. The financial  statements  do  not  include  adjustments  that would result from the withdrawal of this financial support.

 
2.3

Revenue

Revenue comprises production recharges and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due.

 
2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.5

Stocks

Stocks comprise theatre production costs which are recorded as a current asset. Theatre production costs are amortised to the Statement of Income and Retained Earnings over the period in which the rights to  the relevant are exploited subject to any impairment.

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Page 2

 
LOTD 25 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 16 MARCH 2022

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and amounts due to related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2021 - 2).


4.


Debtors

16 March
31 July
2022
2021
£
£


Trade debtors
340,907
-

Other debtors
631,744
72

Called up share capital not paid
-
100

Prepayments and accrued income
1,098,756
-

2,071,407
172



5.


Cash and cash equivalents

16 March
31 July
2022
2021
£
£

Cash at bank and in hand
176,815
-

176,815
-


Page 3

 
LOTD 25 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 16 MARCH 2022

6.


Creditors: Amounts falling due within one year

16 March
31 July
2022
2021
£
£

Trade creditors
1,096,958
432

Amounts owed to group undertakings
2,504,414
-

Other creditors
932,869
-

Accruals and deferred income
2,751,136
-

7,285,377
432



7.


Related party transactions

As a wholly owned subsidiary, the company has taken advantage of the exemption available under Section 33 of FRS102 from disclosing transactions with group companies.
At the reporting date, creditors include £2,504,414 due the the company's parent company.
There were no other related party transactions in the period.


8.


Controlling party

Throughout the period the company's immediate parent company was MFCE Entertainment (Holdings) Limited and its ultimated parent company was Cutting Edge Group Limited, a company incorporated in England and Wales.


9.


Auditors' information

The auditors' report on the financial statements for the period ended 16 March 2022 was unqualified.

The audit report was signed on 2 August 2024 by Paul Taiano (senior statutory auditor) on behalf of Nyman Libson Paul LLP.

 
Page 4