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REGISTERED NUMBER: 14017740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

MoonEyeProductions UK Limited

MoonEyeProductions UK Limited (Registered number: 14017740)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


MoonEyeProductions UK Limited (Registered number: 14017740)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 2,874

Current assets
Stocks - 6,492,155
Debtors 5 7,228,480 584,903
Cash at bank 420,776 39,463
7,649,256 7,116,521
Creditors
Amounts falling due within one year 6 29,178,664 7,531,916
Net current liabilities (21,529,408 ) (415,395 )
Total assets less current liabilities (21,529,408 ) (412,521 )

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings (21,530,408 ) (413,521 )
(21,529,408 ) (412,521 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MoonEyeProductions UK Limited (Registered number: 14017740)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





J H Hoegen - Director


MoonEyeProductions UK Limited (Registered number: 14017740)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

MoonEyeProductions UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14017740

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

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.

After the balance sheet date, the company ceased operating its main event and transferred the assets utilised for this event to a third party. The financial statements have therefore been prepared on the basis of the realisable values of these assets.

As a result, the company has excess of liabilities over assets of £21,529,408, which is funded by the company's parent undertaking. The parent undertaking has confirmed to the director that the funding will continue to ensure other liabilities can be settled in full.

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.
Short leasehold - in accordance with the property
Fixtures and fittings - at varying rates on cost
Computer equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


MoonEyeProductions UK Limited (Registered number: 14017740)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. Employees and directors

The average number of employees during the year was 11 (2022 - 2 ) .

MoonEyeProductions UK Limited (Registered number: 14017740)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. Tangible fixed assets
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
Cost
At 1 January 2023 - 1,462 1,585 3,047
Additions 14,694,640 38,965 16,026 14,749,631
Impairments (9,524,894 ) (31,424 ) (15,135 ) (9,571,453 )
At 31 December 2023 5,169,746 9,003 2,476 5,181,225
Depreciation
At 1 January 2023 - 61 112 173
Charge for year 5,169,746 8,942 2,364 5,181,052
At 31 December 2023 5,169,746 9,003 2,476 5,181,225
Net book value
At 31 December 2023 - - - -
At 31 December 2022 - 1,401 1,473 2,874

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 5,847,358 -
Other debtors 1,262,761 265,601
VAT 118,361 180,199
Deferred tax asset
Tax losses carried forward - 139,103
7,228,480 584,903

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 674,499 983,848
Amounts owed to group undertakings 19,509,772 1,224,508
Amounts owed to joint ventures 4,411,485 4,548,667
Other creditors 2,702 -
Deferred income 566,096 750,000
Accrued expenses 4,014,110 24,893
29,178,664 7,531,916

MoonEyeProductions UK Limited (Registered number: 14017740)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. Ultimate controlling party

The controlling party is BEE B.V.

There is no ultimate controlling party.