REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
A.D.D. Northern Hub Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
A.D.D. Northern Hub Limited |
A.D.D. Northern Hub Limited (Registered number: 12781296) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
A.D.D. Northern Hub Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditor |
28 Prescott Street |
Halifax |
West Yorkshire |
HX1 2LG |
A.D.D. Northern Hub Limited (Registered number: 12781296) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
A.D.D. Northern Hub Limited (Registered number: 12781296) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
A.D.D. Northern Hub Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS |
31.12.23 | 31.12.22 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
A.D.D. Northern Hub Limited (Registered number: 12781296) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
6. | SECURED DEBTS |
Clydesdale Bank PLC (Trading as Virgin Money) holds a fixed charge and a floating charge. The floating charge covers all the property or undertaking of the company. |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022: |
31.12.23 | 31.12.22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Interest was charged on the loan at 2% and 2.25%. Th loan is repayable on demand. |
9. | RELATED PARTY DISCLOSURES |
Fez Investments Ltd |
The company is a subsidiary of Fez Investments Ltd. The amount owed by Fez Investments Ltd at the end of the year was £794,244 (2022 £1,000,000). |
A.D.D Express Ltd |
A.D.D Express Ltd is a fellow subsidiary of the Company. The amount owed to A.D.D Express Ltd at the end of the year was £1,200,658 (2022 - £718,346). |
A.D.D Express Properties Ltd |
David Fairbrother a director of the Company is also a director and shareholder of A.D.D.Express Properties Ltd. The amount owed to the Company at the end of the year was £674,000 (2022 - £Nil). |
A.D.D. Northern Hub Limited (Registered number: 12781296) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
10. | ULTIMATE CONTROLLING PARTY |
The company became a subsidiary of Fez Investments Ltd on 22nd September 2022. The company is controlled by David Fairbrother by means of his controlling interest in Fez Investments Ltd. |