Registration number: 11122099

HandB Capital Partners Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

HandB Capital Partners Limited

Company Information

Director

S Haskan

Registered office

71-75 Shelton Street Covent Garden London London WC2H 9JQ

Accountants

Sterlings Ltd Chartered AccountantsLawford House Albert Place London N3 1QA

HandB Capital Partners Limited

(Registration number: 11122099)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	110	1,196
Current assets
Debtors	5	40,562	30,059
Investments	6	10,000	10,000
Cash at bank and in hand		496	102
		51,058	40,161
Creditors: Amounts falling due within one year	7	(50,816)	(39,886)
Net current assets		242	275
Net assets		352	1,471
Capital and reserves
Called up share capital	8	100	100
Profit and loss account		252	1,371
Shareholders' funds		352	1,471

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2025
 

......................................... S Haskan Director

HandB Capital Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
71-75 Shelton Street
Covent Garden
London
London
WC2H 9JQ
United Kingdom

These financial statements were authorised for issue by the director on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

HandB Capital Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	20% Straight line
Computer equipment	33% Straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

HandB Capital Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

HandB Capital Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	5,538	5,538
At 31 December 2024	5,538	5,538
Depreciation
At 1 January 2024	4,342	4,342
Charge for the year	1,086	1,086
At 31 December 2024	5,428	5,428
Carrying amount
At 31 December 2024	110	110
At 31 December 2023	1,196	1,196

5

Debtors

Current	2024 £	2023 £
Trade debtors	12,700	4,800
Other debtors	27,862	25,259
	40,562	30,059

6	Current asset investments

	2024 £	2023 £
Other investments	10,000	10,000

7

Creditors

Creditors: amounts falling due within one year

HandB Capital Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

	2024 £	2023 £
Due within one year
Trade creditors	10,661	6,932
Taxation and social security	29,505	30,250
Accruals and deferred income	2,150	2,150
Other creditors	8,500	554
	50,816	39,886

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9	Related party transactions

During the year, the reporting entity has related parties transaction with a company in the name of Cubicstone Capital Management Limited.

The companies are related by common director and shareholder.

During the year, the reporting entity provided services of £214,000 (2023 - £224,572) to Cubicstone Capital Management Limited.

As at balance sheet date, £7,359 (2023 - £7,359) was owed from Cubicstone Capital Management Limited. This is disclosed under 'Other debtors'.

HandB Capital Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Transactions with the director

2024	At 1 January 2024 £	Advances to director £	At 31 December 2024 £
S Haskan
Interest of 2.25% on average charged	-	19,920	19,920

Director's remuneration

The director's remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	25,000	25,000