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Registered number: 15009937
BLG THEATRICAL LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 DECEMBER 2025
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BLG THEATRICAL LIMITED
REGISTERED NUMBER: 15009937
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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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 9 July 2026.
The notes on pages 3 to 9 form part of these financial statements.
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BLG THEATRICAL LIMITED
REGISTERED NUMBER: 15009937
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2025
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BLG THEATRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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.
2.Accounting policies
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Basis of preparation of financial statements
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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 requirements and 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:
The company’s controlling party, Dramatists Play Service, Inc., was acquired by Concord Theatricals on 8 May 2025. As part of the post-acquisition integration process, the company’s operations are being transferred to the acquiring company’s UK entity. The operational transfer was substantially completed in early 2026, and the company is expected to cease active operations and be wound down during 2026. Any remaining assets and liabilities are expected to be transferred as part of the closure process.
The company is reporting net liabilities as of the reporting date and, in order to continue to meet its obligations during the wind-down period, remains dependent on the continued financial support of Dramatists Play Service, Inc., which has confirmed its intention to continue supporting the company through the completion of the wind-down process. Amounts owed to Dramatists Play Service, Inc. primarily represent intercompany balances supporting operations during the transition and wind-down period. A portion of these balances was repaid during 2026, while the remaining balance is not expected to be repaid prior to the completion of the wind-down process.
Accordingly, the directors have prepared the financial statements on a basis other than that of a going concern.
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Foreign currency translation
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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.
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BLG THEATRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Company operated for eight months in the current period to 31 December 2025, whereas the prior period is showing results for a 16 month period ended 7 May 2025. The amounts reported in these financial statements for both periods are therefore not comparable.
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 on the sale of third party rights, publication material and merchandise to stage theatrical productions to amateur and professional production companies, which is recognised based on the first performance date.
Change in Accounting Policy
During the period, the Company changed its accounting policy for non-professional License fees and publication income. Previously, non-professional license fees were recognised on the closing date of each show and publication income upon shipment of the material to its customers. Under the revised policy, non-professional licence fees and publication income are now recognised based on the first performance date.
Reason for the change
The change has been made to align the company’s accounting policy with that of its parent undertaking, in order to achieve greater consistency in financial reporting across the Group, as permitted under FRS 102.
Application of the change
The revised policy was implemented effective 8 May 2025, following the acquisition by Concord Theatricals, and was applied prospectively from the acquisition date. The impact of the change is not material to the financial statements and therefore prior year comparatives have not been restated.
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Operating Leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
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BLG THEATRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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.
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:
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Website and computer software
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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
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BLG THEATRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Financial instruments (continued)
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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.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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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.
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The average monthly number of employees, including directors, during the period was 2 (2025 - 2).
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BLG THEATRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Charge for the period on owned assets
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BLG THEATRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Amounts owed to group undertakings are non-interest-bearing, and no interest has been charged or accrued during the period.
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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 £3,067 (May 2025: £6,621). Amounts totalling £780 (May 2025: £1,139) were payable to the fund at the reporting date.
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BLG THEATRICAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Commitments under operating leases
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At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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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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Related party transactions
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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.
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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 250 W 57th Street, 6th Floor, New York, NY 10107-0102.
The auditors' report on the financial statements for the period ended 31 December 2025 was unqualified.
The audit report was signed on 9 July 2026 by Anthony Pins (Senior Statutory Auditor) on behalf of Nyman Libson Paul LLP.
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