BOOH UK Limited
Unaudited Financial Statements
For the period ended 30 March 2025
Pages for Filing with Registrar
Company Registration No. 10058863 (England and Wales)
BOOH UK Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BOOH UK Limited
Balance Sheet
As at 30 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Current assets
Stock
3
-
159,347
Debtors
4
1,586,091
226,345
Cash at bank and in hand
159,717
157,764
1,745,808
543,456
Creditors: amounts falling due within one year
5
(13,293,141)
(12,015,541)
Net current liabilities
(11,547,333)
(11,472,085)
Creditors: amounts falling due after more than one year
6
(5,000)
(15,000)
Net liabilities
(11,552,333)
(11,487,085)
Capital and reserves
Called up share capital
7
3
3
Profit and loss reserves
(11,552,336)
(11,487,088)
Total equity
(11,552,333)
(11,487,085)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
BOOH UK Limited
Balance Sheet (Continued)
As at 30 March 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 6 August 2025 and are signed on its behalf by:
M Cohl
Director
Company Registration No. 10058863
BOOH UK Limited
Notes to the Financial Statements
For the period ended 30 March 2025
Page 3
1
Accounting policies
Company information
BOOH UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 St. Giles Square, London, England, WC2H 8AP.
1.1
Reporting period
The company operates a weekly accounting calendar and the financial statements are prepared for the 52 weeks to 30 March 2025 (last period to 31 March 2024).
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
Included within creditors is a total of £true12,782,061 representing loans payable to investors. These loans are non-recourse in nature, meaning that they are contractually limited in recoverability to the profits generated by the company.
The immediate parent company has also committed to provide such additional funding as is required in order to ensure that the company has sufficient funds available to meet its other liabilities and to continue to trade for a period of not less than 12 months from the date of signature of these financial statements.
After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements, but with the proviso that a material uncertainty exists over the company.
1.4
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
BOOH UK Limited
Notes to the Financial Statements (Continued)
For the period ended 30 March 2025
1
Accounting policies
(Continued)
Page 4
Revenue comprises of admissions to the production "Bat out of Hell" in the UK and related merchandise sales.
Admissions
Revenue relating to ticket sales is recognised at the end of the week in which the show is staged. Revenue is reported on all admissions and is exclusive of VAT. Revenue from admissions is reported as the amount received by the producer after the theatre have deducted relevant commissions and banking charges.
Merchandise sales
Revenue relating to merchandise sales is recognised when the sale takes place. Merchandise revenues represent the producer's share of merchandise sales, exclusive of VAT.
1.5
Stock
Stock comprises of 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 anticipated number of weeks the show will run based on the venues that have been secured and subject to a value in use assessment. In making that assessment, the directors consider whether future net cash inflows derived from the production cost asset exceed the carrying value of the asset. To the extent that the value of the production cost asset exceeds expected future net cash inflows, the asset is considered to be impaired and written down.
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
The company is eligible to claim a tax credit on theatre 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 enhanceable expenditure and carries losses arising from total net costs forward against future profits.
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
BOOH UK Limited
Notes to the Financial Statements (Continued)
For the period ended 30 March 2025
1
Accounting policies
(Continued)
Page 5
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10
Foreign exchange
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
1.11
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2025
2024
Number
Number
Total
50
2
3
Stock
2025
2024
£
£
Theatre production costs
-
159,347
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
373,965
242
Corporation tax recoverable
378,384
Other debtors
218,613
226,103
Prepayments and accrued income
615,129
1,586,091
226,345
BOOH UK Limited
Notes to the Financial Statements (Continued)
For the period ended 30 March 2025
Page 6
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Trade creditors
154,695
10,169
Taxation and social security
148,877
Other creditors
12,790,397
11,988,872
Accruals and deferred income
189,172
6,500
13,293,141
12,015,541
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
5,000
15,000
Bank loans
The bank loan relates to a Bounce Back Loan that was taken by the company as a result of COVID-19. The loan is secured by the UK Government in accordance with the Bounce Back Loan Scheme.
Interest on the loan value is 2.5% per annum. The loan is repayable by quarterly instalments of £2,500 and will be repaid by July 2026.
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
3
3
3
3
8
Related party transactions
At the reporting date the company owed £1,504,267 (2024: £843,967) to S2BN, an American company under the control of M Cohl, the director. The balance was provided interest free and and is only recoupable against profits of the company.
At the reporting date the company owed BOOH LP, it's immediate parent company, £9,427,361 (2024: £9,665,862). The balance was provided interest free and is only recoupable against profits of the company.
At the reporting date the company owed £76,453 (2024: £78,387) to BOOH NA, a fellow subsidiary company. The balance was provided interest free and and is only recoupable against profits of the company.
At the reporting date the company owed £1,373,980 (2024: £1,400,632) to BOOH NYC Plus LLC, a common directorship of M Cohl, the director. The balance was provided interest free and is repayable on demand.
BOOH UK Limited
Notes to the Financial Statements (Continued)
For the period ended 30 March 2025
Page 7
9
Parent company
The immediate controlling party is BOOH LP, a partnership situated in the United States of America. The ultimate controlling party is M Cohl, the director of the company.