STAGGER LEE LONDON, LTD


Director	MADOFF, Ben Jeffrey


Registered Address	7 Savoy Court
	London
	WC2R 0EX


Registered Number	16403592 (England and Wales)

Notes to the Financial Statements
for the period ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company has taken the following exemptions under the small companies regime: The requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv). The requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17(d). The requirements of Section 11 paragraphs 11.39 to 11.48A and Section 12 paragraphs 12.26 to 12.29A.

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The company has taken the following exemptions under the small companies regime:	
The requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv).
The requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17(d).
The requirements of Section 11 paragraphs 11.39 to 11.48A and Section 12 paragraphs 12.26 to 12.29A.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company. Monetary amounts are rounded to the nearest pound.

	Going concern
	The Company's trading activities came to an end once the presentation of the musical had concluded during the period. Due to this, the financial statements have not been prepared on a going concern basis as the entity has ceased operations. The Director has decided the Company will be wound up within 12 months of signing the accounts. Adjustments have been made where necessary to reflect the estimated realisable values of assets and to provide for any additional liabilities during the wind down period. Liabilities have been recognised to the extent that third party investors are entitled to a share of net assets. No adjustments have been made to reflect any potential future income or expenses that would have occurred if the Company were to continue as a going concern. The Director believes the Company will have sufficient resources to meet its obligations as they fall due during the wind-down period.

Going concern

The Company's trading activities came to an end once the presentation of the musical had concluded during the period.  Due to this, the financial statements have not been prepared on a going concern basis as the entity has ceased operations. The Director has decided the Company will be wound up within 12 months of signing the accounts.  

Adjustments have been made where necessary to reflect the estimated realisable values of assets and to provide for any additional liabilities during the wind down period.  Liabilities have been recognised to the extent that third party investors are entitled to a share of net assets.  No adjustments have been made to reflect any potential future income or expenses that would have occurred if the Company were to continue as a going concern.  

The Director believes the Company will have sufficient resources to meet its obligations as they fall due during the wind-down period.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of theatre tickets and is recognised with reference to the performance date once sales have matured.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable. The Company expects to claim a theatre tax credit in relation to the production costs.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.  The Company expects to claim a theatre tax credit in relation to the production costs.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately under liabilities.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic instruments measured at fair value.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.	Average number of employees
	The average number of employees during the period, excluding the Director was:


		2025
	Average number of employees during the year	0

3.	Debtors: amounts due within one year

		2025
		£
	Trade debtors / trade receivables	684
	Other debtors	148,740
	Total	149,424

4.	Creditors: amounts due within one year

		2025
		£
	Trade creditors / trade payables	4,800
	Other creditors	144,383
	Accrued liabilities and deferred income	4,946
	Total	154,129

5.	Share capital
	The share capital during the period was: 1 Ordinary Share of £1, which was issued on incorporation.

6.	Events after reporting date
	There have been no significant events affecting the Company since the year end.

7.	Related party transactions
	The company has taken the exemption set out in Section 33 paragraph 33.1A of FRS 102 not to disclose related party transactions between wholly-owned group members.

8.	Controlling party
	The controlling party is deemed to be Personality UK LLC, a company incorporated in the USA, by virtue of its 100% holding of the share capital.

9.	Parent-subsidiary relationships
	The immediate parent company is Personality UK LLC, a company incorporated in the USA.

10.	Change in reporting period and impact on comparability
	The company was incorporated on 23 April 2025. The reporting period date of 31 December has been chosen to align with reporting requirements of the parent company.

	Notes	2025
		£	£
Current assets
Debtors	3	149,424
Cash at bank and on hand		4,706
		154,130
Creditors amounts falling due within one year	4	(154,129)
Net current assets (liabilities)			1
Total assets less current liabilities			1
Net assets			1
Capital and reserves
Called up share capital			1
Shareholders' funds			1