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Registered number: 08116713 THE UK MISSION LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
THE UK MISSION LTD COMPANY INFORMATION
Directors | S A P Friedman
| A Garefino
| T Parker
| M Stone
Registered number | 08116713
Registered office | 7 Savoy Court
| London
| WC2R 0EX
Independent auditors | Nyman Libson Paul LLP
| Chartered Accountants & Statutory Auditors
| 124 Finchley Road
| London
| NW3 5JS
THE UK MISSION LTD CONTENTS
| Page
Strategic report | 1
Directors' report | 2 - 3
Independent auditors' report | 4 - 8
Statement of income and retained earnings | 9
Statement of financial position | 10
Notes to the financial statements | 11 - 23
THE UK MISSION LTD STRATEGIC REPORT FOR THE PERIOD ENDED 28 DECEMBER 2025
Introduction
The directors present the strategic report for the 52 week period ended 28 December 2025. The comparative figures represent a 52 week period ended 29 December 2024.
Business review
The UK Mission Ltd (“the Company”) is the production company for The Book of Mormon “TBOM” in the West End, London. The Company has had a strong year with demand for ticket sales for TBOM remaining high. The Company achieved Revenue for the period of £20.0M (2024: £21.3M), and delivered Profit after Tax of £0.4M (2024: £0.3M).
Principal risks and uncertainties
The main risk to the company continues to be economic growth affecting ticket sales and competition from new productions. The production is in a very strong financial position at the end of 2025, and the sales at the start of 2026 continue to remain positive and comparable to 2025.
Financial and other key performance indicators
The company's key performance indicators, used in operating the business, are outlined below. The movement in these indicators is consistent with the financial results reported in these financial statements. - Average show attendance for the period was 99.4% (2024: 99.6%) - Average ticket price for the period was £43.11 (2024: £46.30) - Advance bookings figures, which remained high in both periods - Net profit margin for the period was 1.8% (2024: 1.3%) - Overhead compared to budget, which remained consistent in both periods The directors were satisfied with the performance of the show during the period. This report was approved by the board on 22 June 2026 and signed on its behalf.
S A P Friedman Director
Page 1
THE UK MISSION LTD DIRECTORS' REPORT FOR THE PERIOD ENDED 28 DECEMBER 2025 The directors present their report and the financial statements for the period ended 28 December 2025.
Principal activity
The principal activity of the company continued to be that of theatrical production.
Directors
The directors who served during the period were:
S A P Friedman
A Garefino
T Parker
S Rudin (resigned 9 March 2026)
M Stone
Results and dividends
The profit for the period, after taxation, amounted to £360,945 (2024: £280,249). Ordinary dividends were paid during the period amounting to £nil (2024: £nil).
Disclosure of information to auditors
Each of the persons who are directors at the time when this directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information. Page 2
THE UK MISSION LTD DIRECTORS' REPORT (CONTINUED) FOR THE PERIOD ENDED 28 DECEMBER 2025
Directors' responsibilities statement
The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Future developments
The directors of the company intend to keep the production of TBOM on stage for the foreseeable future. The directors are not anticipating any major changes in the Company’s activities for the next financial period.
Post balance sheet events
There have been no significant events affecting the Company since the reporting date.
Auditors
The auditors, Nyman Libson Paul LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board on 22 June 2026 and signed on its behalf.
S A P Friedman Director
Page 3
THE UK MISSION LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE UK MISSION LTD
Opinion
We have audited the financial statements of The UK Mission Ltd (the 'Company') for the period ended 28 December 2025, which comprise the statement of income and retained earnings, the statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 28 December 2025 and of its loss for the period then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Page 4
THE UK MISSION LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE UK MISSION LTD (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the strategic report and the directors' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and ∙the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Page 5
THE UK MISSION LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE UK MISSION LTD (CONTINUED)
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following: • the nature of the industry and sector, control environment and business performance; • results of our enquiries of management about their own identification and assessment of the risks of irregularities; • any matters we identified having obtained and reviewed the Company’s documentation of their policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; - the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to timing of revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation. In addition, we considered other laws and regulations that could have an effect on the Company and result in the imposition of financial or other penalties and litigation. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. These limited procedures did not identify actual or suspected non-compliance. All matters in relation to non-compliance with laws and regulations and potential fraud risks were communicated to all members of the engagement team and we remained alert to any indications of non-compliance throughout the audit. Page 6
THE UK MISSION LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE UK MISSION LTD (CONTINUED) Our procedures to respond to risks identified included the following: • reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; • enquiring of management concerning actual and potential litigation and claims; • assessing the appropriateness and where appropriate with third parties concerning actual and potential litigation and claims; • performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; • reading minutes of meetings of those charged with governance and correspondence with HMRC; • in addressing the risk of fraud through management override of controls, reviewing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors' report. Page 7
THE UK MISSION LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE UK MISSION LTD (CONTINUED)
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Anthony Pins (Senior Statutory Auditor) for and on behalf of Nyman Libson Paul LLP Chartered Accountants Statutory Auditors 124 Finchley Road London NW3 5JS 22 June 2026 Page 8
THE UK MISSION LTD STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE PERIOD ENDED 28 DECEMBER 2025
| Period ended 28 December | Period ended 29 December
| 2025 | 2024
Note | £ | £
Turnover | 4 | 19,982,902 | 21,348,960
Cost of sales |  | (20,156,660) | (21,528,879)
Gross loss |  | (173,758) | (179,919)
Administrative expenses |  | (39,544) | (34,357)
Other operating income | 5 | 18,697 | 58,763
Operating loss | 6 | (194,605) | (155,513)
Interest receivable and similar income | 9 | 8,367 | 10,916
Loss before tax |  | (186,238) | (144,597)
Theatrical tax credit | 10 | 547,183 | 424,846
Profit after tax |  | 360,945 | 280,249
Retained earnings at the beginning of the period |  | 427,514 | 147,265
Profit for the period |  | 360,945 | 280,249
Retained earnings at the end of the period |  | 788,459 | 427,514
The notes on pages 11 to 23 form part of these financial statements.
Page 9
THE UK MISSION LTD REGISTERED NUMBER: 08116713 STATEMENT OF FINANCIAL POSITION AS AT 28 DECEMBER 2025
|  | 28 December |  | 29 December
|  | 2025 |  | 2024
Note |  | £ |  | £
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 13 | 1,074,835 |  | 1,219,584 |
Cash at bank and in hand |  | 1,979,799 |  | 2,010,809 |
|  | 3,054,634 |  | 3,230,393 |
Creditors: amounts falling due within one year | 14 | (1,664,647) |  | (2,527,309) |
Net current assets |  |  | 1,389,987 |  | 703,084
Total assets less current liabilities |  |  | 1,389,987 |  | 703,084
Provisions for liabilities |  |  |  |  |
Other provisions | 15 | (601,428) |  | (275,470) |
|  |  | (601,428) |  | (275,470)
Net assets |  |  | 788,559 |  | 427,614
Capital and reserves |  |  |  |  |
Called up share capital | 16 |  | 100 |  | 100
Profit and loss account |  |  | 788,459 |  | 427,514
|  |  | 788,559 |  | 427,614
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 June 2026.
S A P Friedman
Director
The notes on pages 11 to 23 form part of these financial statements. Page 10
THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
1. | General information
The UK Mission Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Savoy Court, London, United Kingdom, WC2R 0EX. 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 company is a qualifying entity for the purpose of FRS102, being a member of a group where the parent of the group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements: - Section 7 - Statement of Cash Flows - Section 33 - Related Party Disclosures The financial statements of the company are consolidated in the financial statements of Quorum of The Twelve Limited. These consolidated financial statements are available from its registered office 7 Savoy Court, London, WC2R 0EX.
| 2.2 | Reporting period
The company has operated a weekly accounting calendar and the financial statements are prepared for the 52 weeks to 28 December 2025 (last period to 29 December 2024).
| 2.3 | Revenue
Revenue comprises of box office sales received or receivable , net of commission, banking charges and value added tax. Turnover from the sale of theatre tickets is recognised on the date the performance takes place. Turnover generated from commission on sale of merchandise is recognised on the date the sale takes place. Statements are received in arrears of the performance date, therefore an adjustment is made at the year end and income is accrued accordingly. Page 11
THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. The company capitalises pre-production development costs incurred subsequent to the green-lighting of a new production to the extent that the directors have a reasonable belief that the production will recoup. Costs capitalised exclude marketing and promotional expenditure incurred in relation to the production. All relevant development expenditure is capitalised within intangible assets as pre-production costs and the company does not distinguish between the cost of physical assets, such as the set, and the development of broader aspects of the show, as the distinction is not useful and the expenditure is considered as a whole. Amortisation 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: Pre-production costs Over the life of the production * * The amortisation period commences from the date of opening of the production. The estimated life of the production is under continual re-assessment, with the impact of any changes to the estimated life on the amortisation period being accounted for prospectively.
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Set | - | Over expected profitability of the show
|  |  |  | Props and furniture | - | Over expected profitability of the show
|  |  |  | Musical instruments | - | Over expected profitability of the show
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 12
THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | 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.
| 2.7 | 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 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. Page 13
THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | Taxation
Tax is recognised in the Statement of Income and Retained Earnings. 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. 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 enhanceable expenditure and carries losses arising from total net costs forward against future profits.
| 2.9 | Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount is expected to be required to settle the obligation at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance costs in profit or loss in the period in which it arises.
| 2.10 | 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.
| 2.11 | Foreign currency translation
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
| 2.12 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.13 | Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date. Page 14
THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
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 reporting date 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. Get out provision The company makes a provision for the estimated costs of returning the theatre to its original state and other related closing costs that it expects to incur when the production ceases. The provision has been calculated based on management’s understanding and experience of get out costs of productions of a similar size and location, which requires the use of judgment applied to existing facts and circumstances which can be subject to change. The timing and amounts of these costs are subject to uncertainty and the carrying amount of the provision is regularly reviewed and adjusted to take into account the changing facts and circumstances. Recast provision The Company recognises a recast provision to reflect the expected costs associated with replacing principal cast members during the ongoing run of the West End production. The timing and amount of these costs are inherently uncertain because cast changes can occur due to illness, injury, personal circumstances, or contractual renegotiations. Management reassesses the provision at each reporting date based on the latest information regarding cast stability, contractual terms, and historical recast patterns for similar productions.
4. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | Period ended 28 December | Period ended 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Box office income | 19,981,925 | 21,345,841
| Other income | 977 | 3,119
|  | 19,982,902 | 21,348,960
| All turnover arose within the United Kingdom.
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THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
5. | Other operating income
|  |  |  |  | Period ended 28 December | Period ended 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Insurance claims receivable | - | 41,172
| Merchandise income | 18,697 | 17,591
|  | 18,697 | 58,763
6. | Operating loss
| The operating loss is stated after charging:
|  |  |  |  | Period ended 28 December | Period ended 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Exchange differences | 10,294 | 5,107
7. | Auditors' remuneration
| During the period, the Company obtained the following services from the Company's auditors:
|  |  |  |  | Period ended 28 December | Period ended 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the Company's auditors for the audit of the Company's financial statements | 13,500 | 12,500
| The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.
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THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
8. | Employees
|  |  |  |  | Period ended 28 December | Period ended 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 5,126,935 | 5,045,239
| Social security costs | 127,489 | 109,877
| Cost of defined contribution scheme | 200,269 | 199,076
|  | 5,454,693 | 5,354,192
| The average monthly number of employees, including the directors, during the period was as follows:
|  |  | Period ended 28 December | Period ended 29 December
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Actors, Stage management, Sound, Automation, Lighting, Wigs, Wardrobe, Dressers and Musicians | 86 | 91
| During the period, no director received any emoluments (2024: £nil).
9. | Interest receivable
|  |  |  |  | Period ended 28 December | Period ended 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest receivable | 8,367 | 10,916
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THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
10. | Taxation
|  |  |  |  | Period ended 28 December | Period ended 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | (547,183) | (424,846)
|  | (547,183) | (424,846)
| Total current tax | (547,183) | (424,846)
| Factors affecting tax charge for the period
| Included in the credit to corporation tax is a tax credit claim on qualifying theatre production costs totalling £551,109 (2024: £435,988).
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 18
THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
11. | Intangible assets
|  | Pre-Production Costs
|  | £
| Cost |
| At 30 December 2024 | 5,465,344
| At 28 December 2025 | 5,465,344
| Amortisation |
| At 30 December 2024 | 5,465,344
| At 28 December 2025 | 5,465,344
| Net book value |
| At 28 December 2025 | -
| At 29 December 2024 | -
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THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
12. | Tangible fixed assets
|  | Plant and machinery etc
|  | £
| Cost or valuation |
| At 30 December 2024 | 747,795
| At 28 December 2025 | 747,795
| Depreciation |
| At 30 December 2024 | 747,795
| At 28 December 2025 | 747,795
| Net book value |
| At 28 December 2025 | -
| At 29 December 2024 | -
13. | Debtors
|  |  |  |  | 28 December | 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 398,226 | 569,306
| Other debtors | 544,934 | 435,245
| Prepayments and accrued income | 131,675 | 215,033
|  | 1,074,835 | 1,219,584
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THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
14. | Creditors: Amounts falling due within one year
|  |  |  |  | 28 December | 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 83,455 | 122,400
| Amounts owed to group undertakings | 289,354 | 728,603
| Other taxation and social security | 379,992 | 464,254
| Other creditors | 568,136 | 609,496
| Accruals and deferred income | 343,710 | 602,556
|  | 1,664,647 | 2,527,309
| Amounts owed to group undertakings are interest free and repayable on demand.
15. | Provisions
|  | Get out provision | Recast provision | Total
|  | £ | £ | £
| At 30 December 2024 | 275,470 | - | 275,470
| Charged to profit or loss | - | 325,958 | 325,958
| At 28 December 2025 | 275,470 | 325,958 | 601,428
| The Get out provision has been made for the contractual liability of the company, when ending its tenancy at the theatre, to "remove all scenery, costumes and properties which are the property of the producers and at their own expense reinstate the theatre". The Recast provision has been made to reflect the expected costs associated with replacing principal cast members during the ongoing run of the West End production.
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THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
16. | Share capital
|  |  |  |  | 28 December | 29 December
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
17. | Pension commitments
The company operates a defined contribution 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 £200,269 (2024: £199,076). At the reporting date, contributions totalling £nil (2024: £nil) were payable to the fund which are included in other creditors. Page 22
THE UK MISSION LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 28 DECEMBER 2025
18. | Related party transactions
| Garefino Inc Director A Garefino is a director & 100% owner of Garefino Inc. During the period Garefino Inc was entitled to royalties and fees totalling £55,608 (2024: £82,081). At the reporting date the company owed Garefino Inc amounts totalling £3,789 (2024: £7,870). Sonia Friedman Productions Limited Director S A P Friedman is a director of this company. The company also has common control as stated in the co-production agreement. During the period Sonia Friedman Productions Limited has provided general management services to the company and was entitled to royalties, fees and profit share of £533,104 (2024: £728,172). At thereporting date the company owed Sonia Friedman Productions Limited amounts totalling £228,678 (2024: £247,625). Important Musicals LLC Director T Parker and M Stone share control of this company. During the period Important Musicals LLC was entitled to royalties and fees totalling £447,178 (2024: £684,726). At the reporting date the company owed Important Musicals LLC amounts totalling £31,253 (2024: £67,264). BOM Licensing Inc Director T Parker, M Stone, A Garefino share control of this company. During the period BOM Licensing Inc was entitled to royalties and fees totalling £277,213 (2024: £nil). At the reporting date the company owed BOM Licensing Inc amounts totalling £173,314 (2024: £nil). Book of Mormon Broadway LLC Director T Parker, M Stone, A Garefino share control of this company. During the period Book of Mormon Broadway LLC was entitled to royalties, fees, recharges and profit share of £349,648 (2024: £732,813). At the reporting date the company owed Book of Mormon Broadway LLC amounts totalling £nil (2024: £196,076).
19. | Controlling party
The immediate parent company is Quorum of the Twelve Limited, by virtue of its 100% ownership of the issued share capital of the company. Quorum of the Twelve Limited is 100% owned by The Golden Plates LLC, a company incorporated in the United States of America. The ultimate controlling parties are the managing members of The Golden Plates LLC, which are Important Musicals LLC, Garefino Inc. and Rudinplay Inc. These are companies incorporated in the United States of America and are 100% owned by T Parker and M Stone, A Garefino, and S Rudin respectively.
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