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REGISTERED NUMBER: 12781296 (England and Wales)







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: D Fairbrother
D R Sharp
M A Dunne
N Burgess





REGISTERED OFFICE: Unit 8
Chichester Street
Rochdale
Lancashire
OL16 2AU





REGISTERED NUMBER: 12781296 (England and Wales)





AUDITORS: Lindley Adams Limited Chartered Accountants
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 1,769,013 1,008,180
Cash at bank and in hand 11,369 100
1,780,382 1,008,280
CREDITORS
Amounts falling due within one year 5 1,334,665 771,627
NET CURRENT ASSETS 445,717 236,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,717

236,653

CAPITAL AND RESERVES
Called up share capital 116 100
Retained earnings 445,601 236,553
445,717 236,653

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 10 September 2024 and were signed on its behalf by:





D R Sharp - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 3 (2022 - 3 ) .

4. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 9,992 -
Amounts owed by group undertakings 794,244 1,000,000
Other debtors 894,575 8,180
1,698,811 1,008,180

Amounts falling due after more than one year:
Other debtors 70,202 -

Aggregate amounts 1,769,013 1,008,180

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 8 -
Amounts owed to group undertakings 1,200,658 718,346
Taxation and social security 130,499 49,781
Other creditors 3,500 3,500
1,334,665 771,627

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.

David Charles Adams (Senior Statutory Auditor)
for and on behalf of Lindley Adams Limited Chartered Accountants

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
£    £   
D Fairbrother
Balance outstanding at start of year - -
Amounts advanced 205,756 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 205,756 -

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.