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Registered number: 11188434
ASP MPL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR 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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ASP MPL LIMITED
REGISTERED NUMBER:11188434
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STATEMENT OF FINANCIAL POSITION
AS AT 30 MARCH 2025
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Creditors: amounts falling due within one year
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Net current (liabilities)/assets
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Creditors: amounts falling due after more than 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 YEAR ENDED 30 MARCH 2025
ASP MPL Limited is a private limited liability company incorporated in England and Wales. Its registered office address is at First Floor, 62 Shaftesbury Avenue, London, England, W1D 6LT.
The principal activity of the company continued to be that of supporting activities to performing arts productions.
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.
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Exemption from preparing consolidated financial statements
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The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
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.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025
2.Accounting policies (continued)
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 consists of amounts receivable in respect of the Company's profit share of the touring production of the Mousetrap. It is recognised in same the period that the profits in the production were generated.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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.
Investments in subsidiaries are measured at cost less accumulated impairment.
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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.
Equity dividends are recognised when they become legally payable.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025
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The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
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Investments in subsidiary companies
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Amounts owed by group undertakings
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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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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025
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Creditors: Amounts falling due after more than one year
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Allotted, called up and fully paid
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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.
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 year ended 30 March 2025 was unqualified.
The audit report was signed on 30 September 2025 by Martyn Atkinson FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.
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