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COMPANY REGISTRATION NUMBER: 13780646
HUBKER LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
HUBKER LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
676,219
676,219
CURRENT ASSETS
Debtors
6
74,000
Cash at bank and in hand
30,823
345
---------
----
104,823
345
CREDITORS: amounts falling due within one year
7
803,046
692,596
---------
---------
NET CURRENT LIABILITIES
698,223
692,251
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 22,004)
( 16,032)
--------
--------
NET LIABILITIES
( 22,004)
( 16,032)
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
( 22,104)
( 16,132)
--------
--------
SHAREHOLDERS DEFICIT
( 22,004)
( 16,032)
--------
--------
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 Section 1A of 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 income and retained earnings has not been delivered.
For the year ending 31 December 2023 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 year 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 .
HUBKER LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 6 August 2024 , and are signed on behalf of the board by:
Mr K L Baker
Director
Company registration number: 13780646
HUBKER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ, England.
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.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the directors. On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for Rental services rendered, stated net of discounts and of Value Added Tax.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit and loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. TANGIBLE ASSETS
Investment Property
£
Valuation
At 1 January 2023 and 31 December 2023
676,219
---------
Depreciation
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
676,219
---------
At 31 December 2022
676,219
---------
The company's investment properties were valued on an open market value for existing use basis at 31 December 2023 by the directors.
6. DEBTORS
2023
2022
£
£
Other debtors
74,000
--------
----
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
227,990
Social security and other taxes
2,123
Other creditors
572,933
692,596
---------
---------
803,046
692,596
---------
---------
Within Bank loans and overdrafts there is a bank loan of £227,990. This loan is secured.
8. GOING CONCERN
The directors have considered the period to August 2025 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.
9. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: The directors have advanced monies to the company. At 31 December 2023 the amount due from the company was £ 570,433 (2022 - £ 690,096 ).