Company registration number 11880169 (England and Wales)
HUUB HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
HUUB HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HUUB HOLDINGS LIMITED
BALANCE SHEET
- 1 -
30 June 2024
31 December 2022
Notes
£
£
£
£
Fixed assets
Investments
3
807,295
807,295
Current assets
Debtors
4
454,635
454,624
Creditors: amounts falling due within one year
5
(1,500)
(1,500)
Net current assets
453,135
453,124
Net assets
1,260,430
1,260,419
Capital and reserves
Called up share capital
7,501
7,501
Share premium account
1,252,891
1,252,891
Profit and loss reserves
38
27
Total equity
1,260,430
1,260,419
For the financial period ended 30 June 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 25 March 2025 and are signed on its behalf by:
Mr D Lamb
Director
Company registration number 11880169 (England and Wales)
HUUB HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
Huub Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Park Bikeworks, 34 Full Street, Derby, DE1 3AF. The company registration number is 11880169.
1.1
Reporting period
The accounting period has been extended from 12 months to 18 months and now covers the period 1st January 2023 to 30th June 2024. Due to this the comparative amounts presented in the financial statements ( including the related notes) are not entirely comparable.
1.2
Accounting convention
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.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2022
Number
Number
Total
2
2
HUUB HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 3 -
3
Fixed asset investments
2024
2022
£
£
Shares in group undertakings and participating interests
807,295
807,295
4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Other debtors
454,635
454,624
5
Creditors: amounts falling due within one year
2024
2022
£
£
Other creditors
1,500
1,500