Stairway Productions Limited
Unaudited Financial Statements
For the period ended 30 June 2024
Pages for Filing with Registrar
Company Registration No. 14956742 (England and Wales)
Stairway Productions Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Stairway Productions Limited
Balance Sheet
As at 30 June 2024
Page 1
2024
Notes
£
£
Current assets
Debtors
3
103,352
Cash at bank and in hand
114
103,466
Creditors: amounts falling due within one year
4
(381,450)
Net current liabilities
(277,984)
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
(278,084)
Total equity
(277,984)

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 June 2024 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.

T he 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.

The financial statements were approved by the board of directors and authorised for issue on 13 October 2025 and are signed on its behalf by:
I Devlin
Director
Company Registration No. 14956742
Stairway Productions Limited
Notes to the Financial Statements
For the period ended 30 June 2024
Page 2
1
Accounting policies
Company information

Stairway Productions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, W1T 1QL.

1.1
Reporting period

The company was incorporated on 23 June 2023 and has a 30 June 2024 year end in line with its parent.

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 a mounts 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

The company was incorporated to develop and potentially produce a commercial production of the stage musical ‘Rock Follies’. Development work was funded by investment loans, the terms of which are such that the timing of repayments is at the reasonable discretion of the company and the loans are only repayable to the extent of the assets available to the company after all other liabilities are paid. At the year end the balances due to such loans amounted to £330,000. The directors consider that the company has sufficient funds to meet all liabilities other than the investment loans as they fall due for a period of not less than 12 months from the date of signature of these accounts. On that basis they consider it appropriate to prepare the accounts on a going concern basis.true

1.4
Turnover

Turnover represents return on investments in theatrical productions made in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised on a receipts basis as the company has no control over or information about its entitlement to production profits until such amounts are received.

1.5
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.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Stairway Productions Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
1
Accounting policies
(Continued)
Page 3
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
0
Stairway Productions Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2024
Page 4
3
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
40,680
Amounts owed by group undertakings
100
Other debtors
62,572
103,352
4
Creditors: amounts falling due within one year
2024
£
Trade creditors
47,950
Amounts owed to group undertakings
330,000
Accruals and deferred income
3,500
381,450
5
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
of £1 each
100
100
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