For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

William A Bong Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.

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 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 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.

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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

An impairment loss is recognised immediately in profit or loss.

The company only has financial instruments which are classified as basic financial instruments.

Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.

Bank loans are initially recorded at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.

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.

The tax expense represents the sum of the tax currently payable and deferred 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.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

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.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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

During the year the company entered into the following transactions with related parties:

WAB Topco Limited is the immediate parent company. There were no transactions between the companies in the year ended 31 March 2025. A bad debt provision was provided for the outstanding balance during the year. As at the balance sheet date WAB Topco Limited owed the company £Nil (2024 - £150).

WAB Blythe Limited is a related party due to common control. During the year WAB Blythe Limited repaid £16,000 to William A Bong Limited. As at the balance sheet date WAB Blythe Limited owed the company £3,012,000 (2024 - £3,028,000).

WAB Sovereign Limited is a related party due to common control. During the year WAB Sovereign Limited repaid £48,967 to William A Bong Limited. As at the balance sheet date WAB Sovereign Limited owed the company £333,389 (2024 - £382,357).

WAB Air Limited is a related party due to common control. During the year WAB Air Limited repaid £1,857,046 to William A Bong Limited. As at the balance sheet date WAB Air Limited owed the company £Nil (2024 - £1,857,046).

J Bondi Inc is a related party due to common control. During the year J Bondi Inc repaid £21,852,195 to William A Bong Limited. As at the balance sheet date J Bondi Inc owed the company £2,250 (2024 - £21,885,265).

HST Billy Elliot Limited is a related party due to common control. During the year HST Billy Elliot repaid £44,572 to William A Bong Limited. As at the balance sheet date HST Billy Elliot Limited owed the company £Nil (2024 - £44,572).

Tammy Faye Limited is a related party due to common control. As at the balance sheet date Tammy Faye Limited owed the company £119,627 (2024 - £119,627).

Elton John.com Limited is a related party due to common control. During the year Elton John.com Limited repaid £15,068 of a loan provided by the company. As at the balance sheet date Elton John.com Limited owed the company £1,364,487 (2024 - £1,379,555).

Rocket Pictures Limited is a related party due to common control. During the year Rocket Pictures Limited repaid £4,959 to William A Bong Limited. As at the balance sheet date Rocket Pictures Limited owed the company £19,668 (2024 - £24,627).

Rocket Music Management Limited is a related party due to common control. During the year William A Bong Limited loaned £27,000 to Rocket Music Management Limited. As at the balance sheet date Rocket Music Management Limited owed the company £27,000 (2024 - £Nil).

Rocket Sports Management Limited is a related party due to common control. During the year Rocket Sports Management Limited repaid £51,242 of a loan provided by the company. As at the balance sheet date Rocket Sports Management Limited owed the company £34,162 (2024 - £85,404).

Rocket Stage Limited is a related party due to common control. During the year William A Bong Limited incurred £111,417 of expenses on behalf of Rocket Stage Limited. During the year a bad debt provision of £689,869 was provided. As at the balance sheet date Rocket Stage Limited owed the company £Nil (2024 - £578,452).

Stage Theatre Limited is a related party due to common control. During the year, Willliam A Bong Limited wrote off £48,333 due from Stage Theatre Limited. As at the balance sheet date Stage Theatre Limited owed the company £Nil (2024 - £48,333).

Tekcor Limited is a related party due to common control. During the year Tekcor Limited repaid £15,640 to William A Bong Limited. At the balance sheet date Tekcor Limited owed the company £Nil (2024 - £15,640).

Run This Show LLC is a related party due to common control. During the year Run This Show LLC repaid £262,366 to William A Bong Limited. As at the balance sheet date Run This Show LLC owed the company £Nil (2024 - £262,366).

Offspring Enterprises Limited is a related party due to common control. During the year William A Bong Limited incurred £202,153 of expenses on behalf of Offspring Enterprises Limited and owed rent of £367,200 to Offspring Enterprises Ltd. . At the balance sheet date Offspring Enterprises Limited was owed £69,189 (2024 - £95,858 owed to) by William A Bong Limited.

Elton John Optical Company Limited is a related party due to common control. During the period William A Bong Limited incurred £18,568 of expenses on behalf Elton John Optical Limited. During the year, a bad debt provision of £1,590,000 provided against the outstanding balance. At the balance sheet date Elton John Optical Company Limited owed William A Bong Limited £46,076 (2024 - £1,617,508).

WAB Lion King Limited is a related party due to common control. During the year William A Bong Limited incurred £5,537 of expenses on behalf of WAB Lion King Limited. As at the balance sheet date WAB Lion King Limited owed the company £14,374 (2024 - £8,837).

WAB Recording Limited is a related party due to common control. During the period William A Bong Limited repaid £1,051,703 of an amount previously loaned by WAB Recording Limited. At the balance sheet date William A Bong Limited owed £13,902 (2024 - £1,065,605) to WAB Recording Limited.

WAB Publishing Limited is a related party due to common control. During the period William A Bong Limited repaid £375,999 of an amount previously loaned by WAB Publishing Limited. At the balance sheet date William A Bong Limited owed £7,753 (2024 - £383,751) to WAB Publishing Limited.

WAB Global Limited is a related party due to common control. During the period William A Bong Limited repaid £694,918 to WAB Global Limited and incurred expenses totalling £11,674 on behalf of WAB Global Limited. At the balance sheet date WAB Global Limited owed £11,674 (2024 - £694,918 credit) to William A Bong Limited.

HST Global Limited is a related party due to common control. During the period William A Bong Limited repaid £6,735,145 of an amount previously loaned by HST Global Limited. At the balance sheet date William A Bong Limited owed £3,736,165 (2023 - £10,471,310) to HST Global Limited.

WAB Theatrical Limited is a related party due to common control. During the period, William A Bong limited incurred expenses totalling £17,081 on behalf of WAB Theatrical Limited. At the Balance Sheet date, WAB Theatrical Limited owed £17,081 (2024: £Nil) to William A Bong Limited.

J Bondi LLP is a related party due to common control. During the period William A Bong Limited repaid £15,134,214 to J Bondi LLP and William A Bong Limited received a share of losses totalling £15,075 from J Bondi LLP. At the balance sheet date William A Bong Limited owed £15,075 (2024 - £15,134,214) to J Bondi LLP.

Big Pig Music Limited is a related party due to common control. There were no transactions between the companies in the year ended 31 March 2025. At the balance sheet date Big Pig Music Limited was owed £31,750 (2024 - £31,750) by William A Bong Limited.

Himitsu is a related party due to common control. During the period William A Bong Limited repaid £4,380 to Himitsu. At the balance sheet date William A Bong Limited owed £25,901 to Himistu (2024 - £30,281)

Tammy Faye Investments LLP is a related party due to common control. During the year, William A Bong Limited incurred expenses totalling £262,366 on behalf of Tammy Faye Investments LLP. At the balance sheet date, William A Bong Limited was owed £262,366 (2024: £Nil) by Tammy Faye Investments LLP.

During the year, the ultimate beneficial owner of William A Bong Limited introduced £5,221,557 to the company. At the balance sheet date, the ultimate beneficial owner was owed £8,361,001 (2024 - £3,139,444) by William A Bong Limited.