BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the holding of production rights of musical theatre performances. 28 March 2025 1 1 NI067265 2024-06-30 NI067265 2022-12-31 NI067265 2021-12-31 NI067265 2023-01-01 2024-06-30 NI067265 2022-01-01 2022-12-31 NI067265 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-06-30 NI067265 uk-curr:PoundSterling 2023-01-01 2024-06-30 NI067265 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-06-30 NI067265 uk-bus:FullAccounts 2023-01-01 2024-06-30 NI067265 uk-bus:Director1 2023-01-01 2024-06-30 NI067265 uk-bus:RegisteredOffice 2023-01-01 2024-06-30 NI067265 uk-bus:Agent1 2023-01-01 2024-06-30 NI067265 uk-core:ShareCapital 2024-06-30 NI067265 uk-core:ShareCapital 2022-12-31 NI067265 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI067265 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI067265 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 NI067265 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI067265 uk-bus:FRS102 2023-01-01 2024-06-30 NI067265 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2024-06-30 NI067265 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 NI067265 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 NI067265 uk-core:WithinOneYear 2024-06-30 NI067265 uk-core:WithinOneYear 2022-12-31 NI067265 uk-core:AfterOneYear 2024-06-30 NI067265 uk-core:AfterOneYear 2022-12-31 NI067265 2023-01-01 2024-06-30 NI067265 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI067265
 
 
OEW Productions
 
Unaudited Financial Statements
 
for the financial period ended 30 June 2024
OEW Productions
Director and Other Information

 
Director Trevor Marshall
 
 
Company Registration Number NI067265
 
 
Registered Office and Business Address Ardreigh House
Cultra Avenue
Holywood
Co. Down
BT18 OAY
Northern Ireland
 
 
Accountants HCA Chartered Accountants Ltd
Chartered Acountants
12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland



OEW Productions
Company Registration Number: NI067265
Balance Sheet
as at 30 June 2024

Jun 24 Dec 22
Notes £ £
 
Fixed Assets
Intangible assets 7 295,000 295,000
Tangible assets 8 10,000 145,000
───────── ─────────
Fixed Assets 305,000 440,000
───────── ─────────
 
Current Assets
Cash at bank and in hand 6,745 -
Creditors: amounts falling due within one year 9 (311,000) (295,000)
───────── ─────────
Net Current Liabilities (304,255) (295,000)
───────── ─────────
Total Assets less Current Liabilities 745 145,000
 
Creditors:
amounts falling due after more than one year 10 (1,770,000) (1,113,167)
───────── ─────────
Net Liabilities (1,769,255) (968,167)
═════════ ═════════
 
Capital and Reserves
Called up share capital 100,000 100,000
Retained earnings (1,869,255) (1,068,167)
───────── ─────────
Shareholders' Deficit (1,769,255) (968,167)
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
           
Approved by the Director and authorised for issue on 28 March 2025
           
           
________________________________          
Trevor Marshall          
Director          
           



OEW Productions
Notes to the Financial Statements
for the financial period ended 30 June 2024

   
1. General Information
 
OEW Productions is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI067265. The registered office of the company is Ardreigh House, Cultra Avenue, Holywood, Co. Down, BT18 OAY, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is the holding of production rights of musical theatre performances. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 30 June 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Intangible assets
 
Musical rights
Musical rights are valued by the director annually and are only amortised if there has been an impairment.
 
Tangible assets and depreciation
Tangible assets are stated at cost less accumulated depreciation:
 
  Fixtures, fittings and equipment - held at estimated recoverable value
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Borrowing costs
The company's only borrowing is in respect of funds introduced by its director and principal shareholder.The loan from the director is interest free and unsecured and will only be repaid when the company recommences trading and has the financial capacity to repay the director.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company has a single unremunerated employee; its director. Accordingly the company does not operate a pension scheme.
 
Taxation and deferred taxation
There is no corporation tax payable as the company has yet to generate a profit. Deferred tax has not been recognised on losses until there is more certainty that the company will be able to generate sufficient future taxable profits to be able to utilise the losses.

After being dormant for many years, trading began in the current period - mainly on pre production costs in advance of performances planned to take place in March 2025.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 18 month period ended 30 June 2024.
   
4. Going concern
 
The company's deficiency of net assets is funded by a loan from a company controlled by the director and also by a loan from the director. Those loans will only be repaid once the company has the liquidity to do so.
       
5. Exceptional provisions
 
In the current period the company's fixed assets (mainly theatrical costumes) were depreciated to estimated recoverable value of £10,000 whereby an exceptional impairment provision of £135,000 has been reflected in the financial statements.
       
6. Employees
 
The average monthly number of employees, including director, during the financial period was 1, (Dec 22 - 1).
 
  Jun 24 Dec 22
  Number Number
 
Director 1 1
  ═════════ ═════════
     
7. Intangible assets
  Musical rights
   
  £
Cost
At 1 January 2023 295,000
  ─────────
 
At 30 June 2024 295,000
  ─────────
Net book value
At 30 June 2024 295,000
  ═════════
At 31 December 2022 295,000
  ═════════
 
Musical rights are held at historic cost and are only amortised if there has been an assessed market value impairment.
       
8. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 January 2023 145,000 145,000
  ───────── ─────────
 
At 30 June 2024 145,000 145,000
  ───────── ─────────
Depreciation
At 1 January 2023 - -
Charge for the financial period 135,000 135,000
  ───────── ─────────
At 30 June 2024 135,000 135,000
  ───────── ─────────
Net book value
At 30 June 2024 10,000 10,000
  ═════════ ═════════
At 31 December 2022 145,000 145,000
  ═════════ ═════════
       
9. Creditors Jun 24 Dec 22
Amounts falling due within one year £ £
 
Director's current account 308,000 295,000
Accruals 3,000 -
  ───────── ─────────
  311,000 295,000
  ═════════ ═════════
 
The loan from the director is unsecured and interest free.
       
10. Creditors Jun 24 Dec 22
Amounts falling due after more than one year £ £
 
Amounts owed to connected parties (Note 12) 1,770,000 -
Director's loan accounts - 1,113,167
  ───────── ─────────
  1,770,000 1,113,167
  ═════════ ═════════
 
 
The loan from the related party, a company controlled by the director, is unsecured and interest free.
       
11. Capital commitments
 
The company had no material capital commitments at the financial period-ended 30 June 2024.
           
12. Related party transactions
 
The following amounts are due to other connected parties:
      Jun 24 Dec 22
      £ £
 
Amounts falling due after more than one year     1,770,000 -
      ═════════ ═════════
 
The company is funded, in the main, by a loan from Ardreigh Holdings, a company controlled by the director.
   
13. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.
       
14. Pre Production expenses
 
Pre production expenses comprise:
 
  Jun 24 Dec 22
  £ £
 
GFD Promotions 211,001 -
McGraw Productions 86,408 -
Brian .com 141,723 -
Irish Musicals Inc 60,811 -
Kimmel Centre 55,231 -
Cast costs 23,568 -
Sound & Lighting 15,586 -
Onetribetv 20,114 -
Andersongs 10,000 -
Other costs 35,969 -
  ───────── ─────────
  660,411 -
  ═════════ ═════════