Company Registration No. 06702150 (England and Wales)
Hub Culture Pavilions Uk Ltd
Unaudited accounts
for the year ended 31 December 2022
Hub Culture Pavilions Uk Ltd
Unaudited accounts
Contents
Hub Culture Pavilions Uk Ltd
Company Information
for the year ended 31 December 2022
Company Number
06702150 (England and Wales)
Registered Office
3 Shepherd Street
London
W1J7HL
England
Accountants
Collective Concepts Accounting Ltd
Hub Culture Pavilions Uk Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
5,064
6,490
Creditors: amounts falling due within one year
(93,632)
(117,784)
Net current liabilities
(57,331)
(66,862)
Net liabilities
(51,723)
(59,828)
Called up share capital
1
1
Profit and loss account
(51,724)
(59,829)
Shareholders' funds
(51,723)
(59,828)
For the year ending 31 December 2022 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 director acknowledges his 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 and authorised for issue on 27 September 2024 and were signed on its behalf by
Stan Stalnaker
Director
Company Registration No. 06702150
Hub Culture Pavilions Uk Ltd
Notes to the Accounts
for the year ended 31 December 2022
Hub Culture Pavilions Uk Ltd is a private company, limited by shares, registered in England and Wales, registration number 06702150. The registered office is 3 Shepherd Street, London, W1J7HL, 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.
These financial statements for the year ended 31 December 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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:
Computer equipment
20% RBM
The financial statement have been prepared on a going concern basis on the grounds that the Director and the shareholder have confirmed he will continue to support the company.
Hub Culture Pavilions Uk Ltd
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2022
4,624
6,079
10,703
At 31 December 2022
4,624
6,079
10,703
At 1 January 2022
2,023
2,190
4,213
Charge for the year
650
776
1,426
At 31 December 2022
2,673
2,966
5,639
At 31 December 2022
1,951
3,113
5,064
At 31 December 2021
2,601
3,889
6,490
5
Investments
Other investments
Valuation at 1 January 2022
544
Valuation at 31 December 2022
544
Amounts falling due within one year
Amounts due from group undertakings etc.
23,924
38,817
Other debtors
12,377
12,105
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
35,182
46,334
Amounts owed to group undertakings and other participating interests
56,350
66,350
As of 31 December 2022 the director owes the entity a sum of £12,377 (2022: £12,105)
Hub Culture Pavilions Uk Ltd
Notes to the Accounts
for the year ended 31 December 2022
9
Transactions with related parties
The entity is owed a sum of £23,924 (2021: £38,817) by Hub Culture Services Ltd, an entity under common control.
At the year end balances owed to following companies under common control:
* Hub Culture Pavilions (Bermuda) £43,448 (2021: £43,448)
* Hub Culture Ltd (Bermuda) £12,902 (2021: £22,902)
The ultimate controlling party is Hub Culture Ltd, which is a company incorporated in Bermuda.
Hub culture Pavilions UK Ltd is a 100% owned subsidiary of Hub Culture Pavilions Ltd, which is a company incorporated in Bermuda.
Hub culture Pavilions Ltd is a is then controlled by Hub Culture Ltd.
11
Average number of employees
During the year the average number of employees was 1 (2021: 1).