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REGISTERED NUMBER: 08910364 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HUBBUB FOUNDATION
ENTERPRISE LIMITED

HUBBUB FOUNDATION
ENTERPRISE LIMITED (REGISTERED NUMBER: 08910364)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HUBBUB FOUNDATION
ENTERPRISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: R Kohn
D Smith
A J Robinson
E C Thompson





REGISTERED OFFICE: Somerset House
Strand
London
WC2R 1LA





REGISTERED NUMBER: 08910364 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
Corner Oak
1 Homer Road
Solihull
B91 3QG

HUBBUB FOUNDATION
ENTERPRISE LIMITED (REGISTERED NUMBER: 08910364)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 2,155 181

CURRENT ASSETS
Stocks 76,195 70,339
Debtors 4 38,109 67,327
Cash at bank 90,273 43,552
204,577 181,218
CREDITORS
Amounts falling due within one year 5 149,437 109,940
NET CURRENT ASSETS 55,140 71,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,295

71,459

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 7,295 21,459
57,295 71,459

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 Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:




D Smith - Director



A J Robinson - Director


HUBBUB FOUNDATION
ENTERPRISE LIMITED (REGISTERED NUMBER: 08910364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. 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
Turnover 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.
Fixtures and fittings - 25% per annum straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HUBBUB FOUNDATION
ENTERPRISE LIMITED (REGISTERED NUMBER: 08910364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Finance costs
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2023 5,592 - 5,592
Additions - 2,292 2,292
At 31 October 2024 5,592 2,292 7,884
DEPRECIATION
At 1 November 2023 5,411 - 5,411
Charge for year 175 143 318
At 31 October 2024 5,586 143 5,729
NET BOOK VALUE
At 31 October 2024 6 2,149 2,155
At 31 October 2023 181 - 181

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,931 57,535
Other debtors 27,178 9,792
38,109 67,327

HUBBUB FOUNDATION
ENTERPRISE LIMITED (REGISTERED NUMBER: 08910364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,228 19,081
Amounts owed to group undertakings 121,647 86,456
Other creditors 18,562 4,403
149,437 109,940

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Kitson BA FCA (Senior Statutory Auditor)
for and on behalf of Prime

7. PARENT COMPANY

The parent company is Hubbub Foundation UK, whose registered office address is Somerset House, Strand, London, WC2R 1LA.