BM_Theatre_Limited - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

BM Theatre Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 41-44 Great Queen Street, London, WC2B 5AD.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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 pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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.

In line with industry norms the production and therefore the company is financed by loans from investors whose repayment terms are directly related to the performance of the production. These loans are repayable only to the extent that the production generates profit and payment is made in line with the generation of those profits. The directors are satisfied that the company is able to meet its ongoing liabilities as they fall due. For this reason the accounts have been prepared on a going concern basis.true

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Cash at bank and in hand 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.

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

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average monthly number of persons employed by the company during the year was 0 (2019 - 0).

Directors are remunerated by other group companies.

Details of the company's subsidiaries at 31 March 2020 are as follows:

Both of the ordinary shares have full rights in the company relation to voting, dividends and distributions.

Playful Entertainment Limited A 50% shareholder of the company

During the year the company made purchases of £5,392 (2019: £5,250) from Playful Entertainment Limited. At the balance sheet date the company owed Playful Entertainment Limited £209,686 (2019: £78,000).

Stage Play Limited A 50% shareholder of the company

At the balance sheet date the company owed Stage Play Limited £269,274 (2019: £115,000).

The company is jointly owned by Playful Entertainment Limited and Stage Play Limited. Both companies are registered in England & Wales. The registered address of Playful Entertainment Limited is 7 Savoy Court, London, WC2R 0EX. The registered address for Stage Play Limited is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

There is no single ultimate controlling party.