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Registered number: 07582345
Hubbard Torlot Limited
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07582345
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 75,374 80,334
75,374 80,334
CURRENT ASSETS
Debtors 5 158,561 34,448
Cash at bank and in hand 295,542 382,810
454,103 417,258
Creditors: Amounts Falling Due Within One Year 6 (131,995 ) (82,734 )
NET CURRENT ASSETS (LIABILITIES) 322,108 334,524
TOTAL ASSETS LESS CURRENT LIABILITIES 397,482 414,858
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,109 ) (5,696 )
NET ASSETS 391,373 409,162
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 391,273 409,062
SHAREHOLDERS' FUNDS 391,373 409,162
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Elaine Torlot
Director
Mr Ian Hubbard
Director
25th June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Hubbard Torlot Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07582345 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Improvements 10% Straight line
Integral Features 10% Straight line
Furniture, fixtures & Fittings 20% Straight line
Computer and Office Equipment 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Client Monies
Monies held on behalf of clients, over which the company has operational control, are included in the Balance Sheet as an asset within the cash at bank and in hand and the respective liability included within creditors: amount falling due within one year 
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 13 11
13 11
4. Tangible Assets
Land & Property
Leasehold Improvements Integral Features Furniture, fixtures & Fittings Computer and Office Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 October 2023 70,333 14,450 20,317 18,573 123,673
Additions - 3,008 3,873 1,087 7,968
As at 30 September 2024 70,333 17,458 24,190 19,660 131,641
Depreciation
As at 1 October 2023 13,019 1,099 14,762 14,459 43,339
Provided during the period 7,033 1,746 2,096 2,053 12,928
As at 30 September 2024 20,052 2,845 16,858 16,512 56,267
Net Book Value
As at 30 September 2024 50,281 14,613 7,332 3,148 75,374
As at 1 October 2023 57,314 13,351 5,555 4,114 80,334
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,082 22,303
Prepayments and accrued income 13,539 12,145
Other debtors 112,940 -
158,561 34,448
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,327 10,639
Corporation tax 56,907 31,781
Other taxes and social security 45,958 25,261
Other creditors 3,555 3,137
Accruals and deferred income 4,779 8,966
Directors' loan accounts 8,469 2,950
131,995 82,734
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 25,019 41,160
Later than one year and not later than five years 34,205 42,589
59,224 83,749
9. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £656 (2023 £238) were due to the fund. They are included in Other Creditors.
10. Related Party Transactions
Hubbard Torlot Property LtdThe Directors have a significant interest in Hubbard Torlot Property LtdHubbard Torlot Property Ltd has a debit loan balance with the company which is lent on an unsecured, interest free basis and is repayable on demand. At the period end the balance owed from Hubbard Torlot Property Ltd amounted to £112,577.

Hubbard Torlot Property Ltd

The Directors have a significant interest in Hubbard Torlot Property Ltd

Hubbard Torlot Property Ltd has a debit loan balance with the company which is lent on an unsecured, interest free basis and is repayable on demand. At the period end the balance owed from Hubbard Torlot Property Ltd amounted to £112,577.

I HubbardDirector and significant shareholderMr Hubbard has loaned monies to the company on an unsecured interest free basis with no fixed date for repayment. The amount due to the related party at 30 September2024 was £6,482 (2023: £1,474)

I Hubbard

Director and significant shareholder

Mr Hubbard has loaned monies to the company on an unsecured interest free basis with no fixed date for repayment. The amount due to the related party at 30 September2024 was £6,482 (2023: £1,474)

E TorlotDirector and significant shareholderMrs Torlot has loaned monies to the company on an unsecured interest free basis with no fixed date for repayment. The amount due to the related party at 30 September 2024 was £1,986 (2023: £1,473)

E Torlot

Director and significant shareholder

Mrs Torlot has loaned monies to the company on an unsecured interest free basis with no fixed date for repayment. The amount due to the related party at 30 September 2024 was £1,986 (2023: £1,473)

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