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Company Registration No. 10680836 (England and Wales)
Hux Holdings Limited Unaudited accounts for the period from 1 April 2023 to 31 December 2023
Hux Holdings Limited Unaudited accounts Contents
Page
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Hux Holdings Limited Company Information for the period from 1 April 2023 to 31 December 2023
Directors
Mr J Huxtable Mrs S Huxtable Mrs J Huxtable
Company Number
10680836 (England and Wales)
Registered Office
UNIT 10 CASTLEACRES IND PARK CASTLE ROAD SITTINGBOURNE KENT ME10 3RZ ENGLAND
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Hux Holdings Limited Statement of financial position as at 31 December 2023
31/12/2023 
31/03/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
352,415 
223,600 
Investments
3 
3 
352,418 
223,603 
Current assets
Cash at bank and in hand
32,446 
28,355 
Creditors: amounts falling due within one year
(315,694)
(215,745)
Net current liabilities
(283,248)
(187,390)
Net assets
69,170 
36,213 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
69,165 
36,208 
Shareholders' funds
69,170 
36,213 
For the period ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by
Mr J Huxtable Director Company Registration No. 10680836
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Hux Holdings Limited Notes to the Accounts for the period from 1 April 2023 to 31 December 2023
1
Statutory information
Hux Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 10680836. The registered office is UNIT 10 CASTLEACRES IND PARK, CASTLE ROAD, SITTINGBOURNE, KENT, ME10 3RZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
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Hux Holdings Limited Notes to the Accounts for the period from 1 April 2023 to 31 December 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
249,600 
Additions
138,485 
At 31 December 2023
388,085 
Depreciation
At 1 April 2023
26,000 
Charge for the period
9,670 
At 31 December 2023
35,670 
Net book value
At 31 December 2023
352,415 
At 31 March 2023
223,600 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
3 
Valuation at 31 December 2023
3 
6
Creditors: amounts falling due within one year
31/12/2023 
31/03/2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
301,108 
211,465 
Taxes and social security
14,586 
4,280 
315,694 
215,745 
7
Share capital
31/12/2023 
31/03/2023 
£ 
£ 
Allotted, called up and fully paid:
5 Ordinary shares of £1 each
5 
5 
8
Transactions with related parties
At the balance sheet date , the company owed £356,125 (2023 £238,182) from a subsidiary company. During the year dividends were received from a connected company totaling £114,085 (2023 £72,000.)
9
Average number of employees
During the period the average number of employees was 3 (31/03/2023: 3).
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