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Registration number: 13492766

The Assethub Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

The Assethub Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

The Assethub Limited

(Registration number: 13492766)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

45,534

108,355

Cash at bank and in hand

 

6,219

4,159

 

51,753

112,514

Creditors: Amounts falling due within one year

5

(52,726)

(87,495)

Net (liabilities)/assets

 

(973)

25,019

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(1,073)

24,919

Shareholders' (deficit)/funds

 

(973)

25,019

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 November 2023
 

.........................................
Mr R J Leenderts
Director

 

The Assethub Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
85 Great Portland Street
London
W1W 7LT
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

The Assethub Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Debtors

Current

2023
£

2022
£

Trade debtors

34,358

96,675

Prepayments

-

11,000

Other debtors

11,176

680

 

45,534

108,355

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

33,491

2,879

Taxation and social security

-

5,923

Other creditors

19,235

78,693

52,726

87,495

6

Related party transactions

Summary of transactions with parent

The company had a loan from their parent company, The Hubbub Group Limited. At the balance sheet date the amount owed to The Hubbub Group Limited was £16,860 (2022 : £17,060).