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REGISTERED NUMBER: 10895892 (England and Wales)















HUB26 LIMITED

Unaudited Financial Statements

for the Year Ended 31 August 2024






HUB26 LIMITED (Registered number: 10895892)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUB26 LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D A Potticary





REGISTERED OFFICE: 1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ





REGISTERED NUMBER: 10895892 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

HUB26 LIMITED (Registered number: 10895892)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,372,095 3,909,804

CURRENT ASSETS
Stocks 199,000 191,450
Debtors 5 79,790 143,153
Cash at bank and in hand 388 6,833
279,178 341,436
CREDITORS
Amounts falling due within one year 6 392,681 320,046
NET CURRENT (LIABILITIES)/ASSETS (113,503 ) 21,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,258,592

3,931,194

CREDITORS
Amounts falling due after more than one
year

7

2,222,386

2,217,900
NET ASSETS 2,036,206 1,713,294

CAPITAL AND RESERVES
Called up share capital 162 162
Share premium 329,428 329,428
Retained earnings 1,706,616 1,383,704
SHAREHOLDERS' FUNDS 2,036,206 1,713,294

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.

HUB26 LIMITED (Registered number: 10895892)

Balance Sheet - 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 28 August 2025 and were signed by:





D A Potticary - Director


HUB26 LIMITED (Registered number: 10895892)

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

1. STATUTORY INFORMATION

HUB26 LIMITED 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
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.
Long leasehold - in accordance with the property
Improvements to property - in accordance with the property
Gym equipment - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

HUB26 LIMITED (Registered number: 10895892)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Gym
leasehold property equipment
£    £    £   
COST
At 1 September 2023 2,600,885 154,200 1,575,951
Additions 8,266 32,408 190,996
At 31 August 2024 2,609,151 186,608 1,766,947
DEPRECIATION
At 1 September 2023 198,788 115,468 476,455
Charge for year 52,183 49,576 175,844
At 31 August 2024 250,971 165,044 652,299
NET BOOK VALUE
At 31 August 2024 2,358,180 21,564 1,114,648
At 31 August 2023 2,402,097 38,732 1,099,496

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 495,221 1,923 4,828,180
Additions 448,447 213,125 893,242
At 31 August 2024 943,668 215,048 5,721,422
DEPRECIATION
At 1 September 2023 127,027 638 918,376
Charge for year 81,664 71,684 430,951
At 31 August 2024 208,691 72,322 1,349,327
NET BOOK VALUE
At 31 August 2024 734,977 142,726 4,372,095
At 31 August 2023 368,194 1,285 3,909,804

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 72,470 127,856
Other debtors 7,320 15,297
79,790 143,153

HUB26 LIMITED (Registered number: 10895892)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 73,305 -
Trade creditors 169,011 191,000
Taxation 58,212 104,770
Other creditors 92,153 24,276
392,681 320,046

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 560,337 391,646
Other creditors 1,662,049 1,826,254
2,222,386 2,217,900

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 560,337 391,646

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank overdraft 73,305 -
Bank loans 560,337 391,646
633,642 391,646

Bank borrowings are secured by a fixed and floating charge over all the assets of the company.