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Registered number: 10596347
MOT19 LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2025
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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MOT19 LTD
REGISTERED NUMBER:10596347
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STATEMENT OF FINANCIAL POSITION
AS AT 30 MARCH 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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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 comprehensive income 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 30 September 2025.
The notes on pages 2 to 5 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2025
MOT 19 Ltd is a private limited liability company incorporated in England and Wales. Its registered office address is at First Floor, 62 Shaftesbury Avenue, London, W1D 6LT.
The principal activity of the company during the period was theatrical production services.
The company's functional and presentational currency is £ sterling.
2.Accounting policies
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Basis of preparation of financial statements
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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:
The accounting period end of the Company and the financial statements have been presented for the period 1 April 2024 to 30 March 2025 and the comparatives are presented for the period 3 April 2023 to 31 March 2024 on the basis that the principal activity of the company, the production of the dramatic-musical work 'The Mousetrap', is managed and reports on a weekly basis. The period end is the Sunday nearest to 31 March each year.
The company made a profit in the period and at the Statement of Financial Position date had net current assets and net assets. However the company is a guarantor of loan notes payable by MT SPV Limited totalling £15,255,834 that are repayable in June 2026. After the reporting date, the loan notes were refinanced, with a new bank loan facility that is repayable by instalments over 5 years. The company is expected to remain profitable and be able to meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have therefore been prepared under the going concern basis.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from theatrical productions, including theatre tickets and royalties, are recognised by reference to the performance date.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2025
2.Accounting policies (continued)
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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.
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Basic Financial instruments
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The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.
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Foreign currency translation
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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. Nonmonetary 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.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.
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The average monthly number of employees, including directors, during the period was 8 (2024 - 21).
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2025
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Taxation and social security
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Accruals and deferred income
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Allotted, called up and fully paid
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1 Ordinary share of £1.00
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The company is a guarantor for loan notes totalling £15,255,834 (2024 - £nil) payable by MT SPV Limited. The loans are secured by a fixed and floating charge over the assets of the group.
After the reporting date, in June 2025, MT SPV Limited took out a bank loan facility for £14,378,250 and repaid the existing loan notes. The new bank facility is repayable by instalments over 5 years and is secured by a fixed and floating charge over the assets of the group.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2025
The immediate parent undertaking is Mystery Holdings Limited, a company registered in England and Wales with registered office address First Floor, 62 Shaftesbury Avenue, London, W1D 6LT. The ultimate parent undertaking is MT SPV Ltd, a company registered in England and Wales with the same registered office address.
MT SPV Limited is the largest and smallest group which includes the company and for which group accounts are prepared. The consolidated accounts are available from Companies House.
The auditors' report on the financial statements for the period ended 30 March 2025 was unqualified.
The audit report was signed on 30 September 2025 by (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
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