Company registration number 14871646 (England and Wales)
Antonine Hub Limited
Annual report and unaudited financial statements
For the period ended 31 March 2024
Antonine Hub Limited
Company information
Directors
S T S McMartin
(Appointed 16 May 2023)
L A O'Hare
(Appointed 16 May 2023)
B J O'Hare
(Appointed 16 May 2023)
Company number
14871646
Registered office
Dee House
Hampton Court
Tudor Road
Manor Park
Runcorn
WA7 1TT
Accountants
DJH Bury Limited
The Exchange
5 Bank Street
Bury
BL9 0DN
Antonine Hub Limited
Contents
Page
Directors' report
1
Income statement
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5 - 8
Antonine Hub Limited
Directors' report
For the period ended 31 March 2024
- 1 -

The directors present their annual report and financial statements for the period ended 31 March 2024.

 

The company was incorporated on 16/05/2023 commenced trading on 16/05/2023.

Principal activities

The principal activity of the company is that of an office rental business.

Directors' responsibilities statement

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

S T S McMartin
(Appointed 16 May 2023)
L A O'Hare
(Appointed 16 May 2023)
B J O'Hare
(Appointed 16 May 2023)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
L A O'Hare
Director
24 December 2024
Antonine Hub Limited
Income statement
For the period ended 31 March 2024
- 2 -
Period
ended
31 March
2024
Notes
£
Revenue
263,505
Cost of sales
(49,936)
Gross profit
213,569
Administrative expenses
(861,759)
Operating loss
(648,190)
Interest receivable and similar income
864
Interest payable and similar expenses
(22,763)
Loss before taxation
(670,089)
Tax on loss
222,414
Loss for the financial period
(447,675)
Antonine Hub Limited
Statement of financial position
As at 31 March 2024
- 3 -
2024
Notes
£
£
Fixed assets
Tangible assets
4
243,320
Current assets
Debtors
5
447,974
Cash at bank and in hand
250,435
698,409
Creditors: amounts falling due within one year
6
(1,039,304)
Net current liabilities
(340,895)
Total assets less current liabilities
(97,575)
Creditors: amounts falling due after more than one year
7
(350,000)
Net liabilities
(447,575)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(447,675)
Total equity
(447,575)

For the financial period ended 31 March 2024 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 of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 24 December 2024 and are signed on its behalf by:
L A O'Hare
Director
Antonine Hub Limited
Statement of changes in equity
For the period ended 31 March 2024
- 4 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 16 May 2023
-
0
-
0
-
Period ended 31 March 2024:
Loss and total comprehensive income
-
(447,675)
(447,675)
Issue of share capital
100
-
100
Balance at 31 March 2024
100
(447,675)
(447,575)
Antonine Hub Limited
Notes to the financial statements
For the period ended 31 March 2024
- 5 -
1
Accounting policies
Company information

Antonine Hub Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dee House, Hampton Court, Tudor Road, Manor Park, Runcorn, WA7 1TT.

1.1
Basis of preparing financial statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Antonine Hub Limited
Notes to the financial statements (continued)
For the period ended 31 March 2024
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Antonine Hub Limited
Notes to the financial statements (continued)
For the period ended 31 March 2024
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
5
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 16 May 2023
-
0
Additions
269,304
At 31 March 2024
269,304
Depreciation and impairment
At 16 May 2023
-
0
Depreciation charged in the period
25,984
At 31 March 2024
25,984
Carrying amount
At 31 March 2024
243,320
Antonine Hub Limited
Notes to the financial statements (continued)
For the period ended 31 March 2024
- 8 -
5
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
1,475
Other debtors
233,920
Prepayments and accrued income
212,579
447,974
6
Creditors: amounts falling due within one year
2024
£
Trade creditors
137,815
Taxation and social security
1,777
Other creditors
760,025
Accruals and deferred income
139,687
1,039,304
7
Creditors: amounts falling due after more than one year
2024
£
Other creditors
350,000
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
£
Within one year
375,000
Between two and five years
1,500,000
In over five years
1,656,250
3,531,250
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