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Registered number: 15009937 BLG THEATRICAL LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 7 MAY 2025
BLG THEATRICAL LIMITED REGISTERED NUMBER: 15009937 STATEMENT OF FINANCIAL POSITION AS AT 7 MAY 2025
|  | 7 May |  | 31 December
|  | 2025 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets |  |  | 5,422 |  | -
|  |  | 5,422 |  | -
Current assets |  |  |  |  |
Debtors: amounts falling due within one year |  | 20,216 |  | - |
Cash at bank and in hand |  | 515,054 |  | 100 |
|  | 535,270 |  | 100 |
Creditors: amounts falling due within one year |  | (1,143,157) |  | - |
Net current (liabilities)/assets |  |  | (607,887) |  | 100
Total assets less current liabilities |  |  | (602,465) |  | 100
Net (liabilities)/assets |  |  | (602,465) |  | 100
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (602,565) |  | -
|  |  | (602,465) |  | 100
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 5 February 2026.
K M Hoskins
Director
The notes on pages 2 to 7 form part of these financial statements. Page 1
BLG THEATRICAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 7 MAY 2025
1. | General information
BLG Theatrical Limited is a private company limited by shares and registered in England. The address of its registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS. The company extended its accounting reference date and therefore the results for the current period represent a 16 month period ended 7 May 2025. 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’s controlling party, Dramatists Play Service, Inc was acquired by Concord Theatricals on 8 May 2025. The company’s operations will be transferred to the acquiring company’s UK entity after 31 December 2025, as part of the post-acquisition integration. Following the transfer of operations, BLG Ltd will cease active operations and be wound down. Any remaining assets and liabilities will be transferred as part of the closure process. The company is showing net liabilities at the reporting date, in order to continue trading it is dependent on the continued financial support of Dramatists Play Service, Inc who have confirmed their intention to continue to support the company up to the date of the liquidation. Amounts owed to Dramatists Play Service, Inc are not expected to be repaid prior to liquidation and primarily represent intercompany balances supporting operations during the wind-down period. On this basis, the directors have prepared the financial statements on a basis other than that of a going concern.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances 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. Non-monetary 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. Page 2
BLG THEATRICAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 7 MAY 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover comprises revenue recognised by the company in respect of commission in respect of the sale of third party rights, publication material and merchandise to stage theatrical productions to amateur and professional production companies. Publication income is recognised on the date the material is shipped to the customer. For professional licencing, commission income is recognised over the license period, based on the performance dates for each production. For non-professional licensing, commission income is recognised at the end of the license period. An adjustment to sales is made for services provided that span the year end.
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.6 | Pensions
Defined contribution pension plan The Company operates 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.
| 2.7 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows:
|  |  |  | Website and computer software | - | 3 | years
| 2.8 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially Page 3
BLG THEATRICAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 7 MAY 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments (continued)
measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates. Accruals The company makes an estimate of accruals at the year end based on invoices received after the period end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.
4. | Employees
| The average monthly number of employees, including directors, during the period was 2 (2023 - 2).
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BLG THEATRICAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 7 MAY 2025
5. | Intangible assets
|  | Website and computer software
|  | £
| Cost |
| Additions | 11,680
| At 7 May 2025 | 11,680
| Amortisation |
| Charge for the period on owned assets | 6,258
| At 7 May 2025 | 6,258
| Net book value |
| At 7 May 2025 | 5,422
| At 31 December 2023 | -
6. | Debtors
|  |  |  |  | 7 May | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Trade debtors | 4,820 | -
| Other debtors | 5,400 | -
| Prepayments and accrued income | 9,996 | -
|  | 20,216 | -
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BLG THEATRICAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 7 MAY 2025
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 7 May | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Trade creditors | 13,324 | -
| Amounts owed to group undertakings | 855,089 | -
| Other taxation and social security | 9,170 | -
| Other creditors | 1,139 | -
| Accruals and deferred income | 264,435 | -
|  | 1,143,157 | -
| Amounts owed to group undertakings are non-interest-bearing, and no interest has been charged or accrued during the period.
8. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,621 (2023: £nil). No amounts were payable to the fund at the reporting date.
9. | Commitments under operating leases
| At 7 May 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 7 May | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Not later than 1 year | 10,650 | -
|  | 10,650 | -
| At the reporting date, the Company had entered into an operating lease for office premises. Subsequent to the reporting date, the lease was terminated and the premises were vacated on 23 December 2025. The security deposit was applied as a termination penalty, and no further lease payments are due. Accordingly, the Company has no material future commitments under operating leases.
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BLG THEATRICAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 7 MAY 2025
10. | Related party transactions
| The company is exempt from disclosing related party transactions with companies that are wholly owned within the group. The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.
11. | Controlling party
During the period, BLG Theatricals Limited was a wholly owned subsidiary of Dramatists Play Service, Inc, a company incorporated in the United States of America. The registered office address of the parent company is 440 Park Avenue South, 11th Floor, New York, USA, 10016.
12. | Auditors' information
The auditors' report on the financial statements for the period ended 7 May 2025 was unqualified. The audit report was signed on 5 February 2026 by Anthony Pins (Senior Statutory Auditor) on behalf of Nyman Libson Paul LLP.
Page 7