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COMPANY REGISTRATION NUMBER: 11401031
Secure Hub Ltd
Filleted Unaudited Financial Statements
30 September 2018
Secure Hub Ltd
Financial Statements
Period from 6 June 2018 to 30 September 2018
Contents
Page
Directors' report
1
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
Secure Hub Ltd
Directors' Report
Period from 6 June 2018 to 30 September 2018
The directors present their report and the unaudited financial statements of the company for the period ended 30 September 2018 .
Principal activities
The principal activity of the company during the period was that off the research and development of a web platform that enables users to enter in basic parameters of an experiential marketing campaign and receive back a compelling well-structured creative brief with market leading solutions compiled by technology and a network of experienced and talented marketing professionals.
Incorporation
The company was incorporated on 6 June 2018 and started the research and development on that date.
Directors
The directors who served the company during the period were as follows:
Mr PJ Gostling
(Appointed 6 June 2018)
Mr BG Lumb
(Appointed 6 June 2018)
Mr B Saednejad
(Appointed 6 June 2018)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 13 November 2018 and signed on behalf of the board by:
Mr BG Lumb
Director
Registered office:
Unit 1, Union Business Park
Snaygill Industrial Estate
Skipton
North Yorkshire
United Kingdom
BD23 2QR
Secure Hub Ltd
Statement of Financial Position
30 September 2018
30 Sep 18
Note
£
Current assets
Cash at bank and in hand
30
Creditors: amounts falling due within one year
5
260,302
---------
Net current liabilities
260,272
---------
Total assets less current liabilities
( 260,272)
---------
Net liabilities
( 260,272)
---------
Capital and reserves
Called up share capital
30
Profit and loss account
( 260,302)
---------
Shareholders deficit
( 260,272)
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 November 2018 , and are signed on behalf of the board by:
Mr BG Lumb
Director
Company registration number: 11401031
Secure Hub Ltd
Statement of Changes in Equity
Period from 6 June 2018 to 30 September 2018
Called up share capital
Profit and loss account
Total
£
£
£
At 6 June 2018
Loss for the period
( 260,302)
( 260,302)
----
---------
---------
Total comprehensive income for the period
( 260,302)
( 260,302)
Issue of shares
30
30
----
----
----
Total investments by and distributions to owners
30
30
----
---------
---------
At 30 September 2018
30
( 260,302)
( 260,272)
----
---------
---------
Secure Hub Ltd
Notes to the Financial Statements
Period from 6 June 2018 to 30 September 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Union Business Park, Snaygill Industrial Estate, Skipton, North Yorkshire, BD23 2QR, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis, dependant on the continued financial support of the directors and Pro Audio Systems Limited, a company whereby B Lumb and B Saednejad are directors.
Judgements 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. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Creditors: amounts falling due within one year
30 Sep 18
£
Trade creditors
10,600
Amounts owed to related undertaking
233,491
Other creditors
16,211
---------
260,302
---------