Caseware UK (AP4) 2024.0.164 2024.0.164 2025-09-30 2025-09-30 2 2024-10-01 false 2 television production and distribution false true false 12543875 2024-10-01 2025-09-30 12543875 2023-10-01 2024-09-30 12543875 2025-09-30 12543875 2024-09-30 12543875 c:Director3 2024-10-01 2025-09-30 12543875 d:CurrentFinancialInstruments 2025-09-30 12543875 d:CurrentFinancialInstruments 2024-09-30 12543875 d:CurrentFinancialInstruments d:WithinOneYear 2025-09-30 12543875 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12543875 d:ShareCapital 2025-09-30 12543875 d:ShareCapital 2024-09-30 12543875 d:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30 12543875 d:RetainedEarningsAccumulatedLosses 2025-09-30 12543875 d:RetainedEarningsAccumulatedLosses 2024-09-30 12543875 c:OrdinaryShareClass1 2024-10-01 2025-09-30 12543875 c:OrdinaryShareClass1 2025-09-30 12543875 c:OrdinaryShareClass1 2024-09-30 12543875 c:FRS102 2024-10-01 2025-09-30 12543875 c:Audited 2024-10-01 2025-09-30 12543875 c:FullAccounts 2024-10-01 2025-09-30 12543875 c:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 12543875 c:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 12543875 e:PoundSterling 2024-10-01 2025-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12543875 LTC TALKING HEADS LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 SEPTEMBER 2025
LTC TALKING HEADS LIMITED REGISTERED NUMBER: 12543875 STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 4 | 198,332 |  | 239,421 |
|  | 198,332 |  | 239,421 |
Creditors: amounts falling due within one year | 5 | (87,692) |  | (124,496) |
Net current assets |  |  | 110,640 |  | 114,925
Total assets less current liabilities |  |  | 110,640 |  | 114,925
Net assets |  |  | 110,640 |  | 114,925
Capital and reserves |  |  |  |  |
Called up share capital | 6 |  | 1 |  | 1
Profit and loss account | 7 |  | 110,639 |  | 114,924
|  |  | 110,640 |  | 114,925
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 by:
N F Starr
Director
Date: 5 March 2026
The notes on pages 2 to 5 form part of these financial statements. Page 1
LTC TALKING HEADS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. | General information
The principal activity of the Company is that of television production and distribution. The Company was established at the start of the Covid pandemic to produce a remake of Alan Bennett's original Talking Heads monologues, together with two new pieces, in accordance with social distancing rules, with its collective of writer, actors, directors, producer and heads of department waiving usual fees to facilitate a donation of over £1m to NHS Charities Together. The success of international distribution subsequently enabled a second substantial charity donation to the Theatre Artists Fund. The Company is a private limited company limited by shares and is incorporated in England and Wales. The registered office address is C/O Womble Bond Dickinson (UK) LLP, 4 More London Riverside, London, United Kingdom, SE1 2AU. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors have assessed whether the Company has adequate resources to meet its obligations as they fall due for the period covering 12 months from the date of the approval of these financial statements, considering in particular challenges that the pandemic and the post-pandemic world have posed for the Company and the wider Group's activities (London Theatre Company Group), upon which the Company is reliant to generate working capital to fund its financial overheads. The Company made a loss for the year of £4,285 and had, as at the Statement of Financial Position date, a net asset position of £110,640. The Company was incorporated during 2021 to produce a televised series, funded by the BBC and filmed at the Bridge, to raise funds for the NHS Charities Together in response to the pandemic. All surplus generated within this entity relating to the initial production of the series was donated. The Company will now continue to trade as various overseas territories have purchased rights to distribute the series around the world, which they will retain the profits from. In terms of its going concern status, the Company fully funded the donation through its own activities. Page 2
LTC TALKING HEADS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.2 | Going concern (continued)
The Company’s only going concern risk is the fact that it is ultimately owned by London Theatre Company Holdings Limited “LTC Holdings”, a company that has received a £6.4m loan from the Culture Recovery Fund. LTC Holdings alo has outstanding shareholder loans, one of £1,200,000 which was advanced pre-pandemic to facilitate cash flow management and a second provided within this year of £450,000. To assist with cashflow management, a further loan of £1,200,000 was taken out to manage the time between cashflow need and the receipt of the Theatre Tax Credit from HMRC. The Board of LTC Holdings undertakes scenario planning and financial cashflow modelling on an ongoing basis, covering at least 12 months from the date of signing of the financial statements, to ensure they keep abreast of the group’s financial position. In light of all the above, the directors have prepared these accounts on a going concern basis.
| 2.3 | 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. Income in relation to the BBC production contract is recognised in accordance with the various phases of the project as detailed in the legal agreement. Income from the foreign transmission of the Talking Heads productions is recognised on the broadcast date.
| 2.4 | Taxation
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.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 126,011 | 133,629
| Other debtors | 72,321 | 105,792
|  | 198,332 | 239,421
Page 3
LTC TALKING HEADS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 4.Debtors (continued)
| Amounts due from group undertakings are unsecured, interest free and are repayable on demand.
5. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 618 | -
| Other creditors | 81,524 | 120,496
| Accruals and deferred income | 5,550 | 4,000
|  | 87,692 | 124,496
6. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2024 - 1) Ordinary shares share of £1.00 | 1 | 1
7. | Reserves
Profit and loss account Includes all current and prior period retained profits and losses. 8.Other financial commitments A charge is registered in the name of the Company. This relates to a loan received by the parent company, which is secured by a first fixed and floating charge against all the property and assets of the Company.
9. | Related party transactions
| Where possible the Company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings on the grounds that consolidated financial statements are prepared by the immediate parent company and are publicly available.
Page 4
LTC TALKING HEADS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
10. | Controlling party
The Company is a wholly-owned subsidiary of London Theatre Company Holdings Limited, a company registered in England and Wales. London Theatre Company Holdings Limited prepare consolidated accounts which are available at its Registered Office at C/O Womble Bond Dickinson (UK) LLP, 4 More London Riverside, London, United Kingdom, SE1 2AU. There is no ultimate controlling party.
11. | Auditors' information
The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified. The audit report was signed on 7 March 2026 by Myfanwy Beynon-Pollitt FCA (Senior Statutory Auditor) on behalf of BKL Audit LLP.
Page 5