ACCOUNTS - Final Accounts preparation

Registered number: 15485935

BABIES THE MUSICAL LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

BABIES THE MUSICAL LTD

REGISTERED NUMBER: 15485935

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024
Note		£


Current assets
Debtors: amounts falling due within one year	4	174,841
Cash at bank and in hand	5	175
		175,016
Creditors: amounts falling due within one year	6	(345,967)
Net current (liabilities)/assets			(170,951)
Total assets less current liabilities			(170,951)

Net (liabilities)/assets			(170,951)

Capital and reserves
Called up share capital			2
Profit and loss account			(170,953)
			(170,951)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 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 income and retained earnings 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 13 January 2026.

D I Lane

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

BABIES THE MUSICAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Babies The Musical Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is 2nd Floor, 45 Monmouth Street, London, WC2H 9DG.
The company was incorporated on 13 February 2024 and began trading on this date.

2.Accounting policies

2.1

Basis of preparation of financial statements

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:

2.2

Going concern

The Company meets its day to day working capital requirements through the utilisation of its own resources, recoupable but non returnable theatrical production funding and a loan from an associated company.
At the reporting date, the Company had liabilities of £170,951 and is reliant on the loan from the associated conpany which has confirmed that it would not seek repayment until such time that the Company had the funds available to repay the loan. In view of this, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. The directors therefore consider it appropriate to adopt the going concern basis in preparing the Company's financial statement.

2.3

Revenue

Revenue comprises the Company's share, as producer, of admission receipts after the theatre has deducted its share, relevant commissions and banking charges. Revenue is recognised in the period in which the attendance occurs.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Taxation

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 enhanced expenditure and carries losses arising from total net costs forward against future profits.

2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

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BABIES THE MUSICAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short term creditors are measured at the transaction price, less any impairment.

Employees

The average monthly number of employees, including directors, during the period was 11.

Debtors

					2024
					£


	Other debtors	174,839
	Called up share capital not paid	2
		174,841

5.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	175
		175

6.	Creditors: Amounts falling due within one year
		2024
		£

	Amounts owed to associates	329,221
	Other creditors	193
	Accruals and deferred income	16,553
		345,967

Page 3

BABIES THE MUSICAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

7.	Related party transactions
	Cost of sales include net production costs of £186,570 recharged by an associated company. At the reporting date, creditors include £329,221 due to the associated company.

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