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Registered number: 04410946
Hub Productions Limited
Unaudited Financial Statements
For The Year Ended 30 April 2023
Ten Forward Accounting Ltd
Chartered Certified Accountants
1 Mountview Court
310 Friern Barnet Lane
London
N20 0LD
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 04410946
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,700 11,165
Investments 5 2 2
37,702 11,167
CURRENT ASSETS
Debtors 6 909,266 694,866
Cash at bank and in hand 20,372 92,616
929,638 787,482
Creditors: Amounts Falling Due Within One Year 7 (665,540 ) (395,264 )
NET CURRENT ASSETS (LIABILITIES) 264,098 392,218
TOTAL ASSETS LESS CURRENT LIABILITIES 301,800 403,385
Creditors: Amounts Falling Due After More Than One Year 8 (132,323 ) (30,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,051 ) (1,983 )
NET ASSETS 162,426 370,569
CAPITAL AND RESERVES
Called up share capital 9 400,001 400,001
Income Statement (237,575 ) (29,432 )
SHAREHOLDERS' FUNDS 162,426 370,569
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For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 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 accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr David Hunstone
Director
23 April 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Hub Productions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04410946 . The registered office is 16 Warner Street, London, EC1R 5HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% Straight Line
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED
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2.6. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.8. Research and Development
Research and development expenditure is written off in the year in which it is incurred.
2.9. Investment
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.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2022: 14)
22 14
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2022 296,679
Additions 40,681
Disposals (4,395 )
As at 30 April 2023 332,965
Depreciation
As at 1 May 2022 285,514
Provided during the period 14,146
Disposals (4,395 )
As at 30 April 2023 295,265
Net Book Value
As at 30 April 2023 37,700
As at 1 May 2022 11,165
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Page 5
5. Investments
Unlisted
£
Cost
As at 1 May 2022 2
As at 30 April 2023 2
Provision
As at 1 May 2022 -
As at 30 April 2023 -
Net Book Value
As at 30 April 2023 2
As at 1 May 2022 2
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 46,891 348,275
Prepayments and accrued income 42,638 -
Other debtors 363,403 32,228
Corporation tax recoverable assets 104,118 73,850
VAT 22,019 -
Directors' loan accounts 316,915 227,231
Amounts owed by group undertakings 13,282 13,282
909,266 694,866
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 212,591 215,074
Corporation tax 30,268 16,887
Other taxes and social security 31,866 11,026
VAT - 63,895
Other creditors 49,911 13,632
Accruals and deferred income 340,904 74,750
665,540 395,264
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 132,323 30,833
132,323 30,833
In May 2020 the company obtained a Bounce Back Loan from Bank of Scotland which is repayable over 5 years.
In July 2022 the company obtained a Recovery Loan from Bank of Scotland which is repayable over 6 years.
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9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 0.010 each 1 1
Preference Shares
2023 2022
Allotted, called up and fully paid £ £
400,000 Preference Shares of £ 1.000 each 400,000 400,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 147,000 -
Later than one year and not later than five years 536,180 -
683,180 -
11. Directors Advances, Credits and Guarantees
During the year, the directors were advanced £121,387 and repaid £ 31,703 . Interest at the approved HMRC rate has been applied to the loan. The balance at the year end is £316,915.
12. Related Party Transactions
Bombora Media LtdBombora Media Ltd is also controlled by the director, Mr David Hunstone.During the year the company paid expenses of £178,124 (2022: £20,143) for Bombora Media Ltd and provided an interest free loan to Bombora Media Ltd of £109,500 (2022: £74,500) with Bombora Media Ltd repaying £15,250 during the year. At year end Bombora Media Ltd owed the company £304,602 (2022 £32,228).

Bombora Media Ltd

Bombora Media Ltd is also controlled by the director, Mr David Hunstone.

During the year the company paid expenses of £178,124 (2022: £20,143) for Bombora Media Ltd and provided an interest free loan to Bombora Media Ltd of £109,500 (2022: £74,500) with Bombora Media Ltd repaying £15,250 during the year. At year end Bombora Media Ltd owed the company £304,602 (2022 £32,228).

13. Controlling Party
The company's controlling party is Mr David Hunstone by virtue of his ownership of 51% of the issued share capital in the company.
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