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REGISTERED NUMBER: 10961330 (England and Wales)


Financial Statements for the Year Ended 31 August 2024

for

Hub Enterprises Newport Ltd

Hub Enterprises Newport Ltd (Registered number: 10961330)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hub Enterprises Newport Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs Gurmit Kaur Pannu





REGISTERED OFFICE: Sunnyside House
Blacksmiths Way
Coedkernew
Newport
NP10 8TR





REGISTERED NUMBER: 10961330 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Hub Enterprises Newport Ltd (Registered number: 10961330)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,785,915 1,790,585

CURRENT ASSETS
Debtors 5 1,569 4,749
Cash at bank and in hand 297,058 422,785
298,627 427,534
CREDITORS
Amounts falling due within one year 6 104,484 172,775
NET CURRENT ASSETS 194,143 254,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,980,058

2,045,344

CREDITORS
Amounts falling due after more than one
year

7

1,610,736

1,713,127
NET ASSETS 369,322 332,217

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 369,222 332,117
SHAREHOLDERS' FUNDS 369,322 332,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hub Enterprises Newport Ltd (Registered number: 10961330)

Statement of Financial Position - continued
31 August 2024


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 director and authorised for issue on 18 April 2025 and were signed by:





Mrs Gurmit Kaur Pannu - Director


Hub Enterprises Newport Ltd (Registered number: 10961330)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Hub Enterprises Newport Ltd 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 1,724,035 87,590 1,811,625
Additions - 10,800 10,800
At 31 August 2024 1,724,035 98,390 1,822,425
DEPRECIATION
At 1 September 2023 - 21,040 21,040
Charge for year - 15,470 15,470
At 31 August 2024 - 36,510 36,510
NET BOOK VALUE
At 31 August 2024 1,724,035 61,880 1,785,915
At 31 August 2023 1,724,035 66,550 1,790,585

Hub Enterprises Newport Ltd (Registered number: 10961330)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 2,568
Other debtors 1,569 2,181
1,569 4,749

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 25,238 24,378
Taxation and social security 12,263 103,853
Other creditors 66,983 44,544
104,484 172,775

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 18,333 28,120
Other creditors 1,592,403 1,685,007
1,610,736 1,713,127

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100