1 January 2024 false No description of principal activity Taxfiler 2024.6 true 06702150business:PrivateLimitedCompanyLtd2024-01-012024-12-31 067021502023-12-31 067021502024-01-012024-12-31 06702150business:AuditExemptWithAccountantsReport2024-01-012024-12-31 06702150business:FilletedAccounts2024-01-012024-12-31 067021502024-12-31 06702150business:Director12024-01-012024-12-31 06702150business:RegisteredOffice2024-01-012024-12-31 067021502023-12-31 06702150core:WithinOneYear2024-12-31 06702150core:WithinOneYear2023-12-31 06702150core:AfterOneYear2024-12-31 06702150core:AfterOneYear2023-12-31 06702150core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 06702150core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 06702150core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 06702150core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 06702150core:PreviouslyStatedAmount2024-12-31 06702150core:PreviouslyStatedAmount2023-12-31 06702150business:SmallEntities2024-01-012024-12-31 06702150countries:EnglandWales2024-01-012024-12-31 06702150core:MotorVehicles2024-01-012024-12-31 06702150core:ComputerEquipment2024-01-012024-12-31 06702150core:MotorVehicles2023-12-31 06702150core:ComputerEquipment2023-12-31 06702150core:MotorVehicles2024-12-31 06702150core:ComputerEquipment2024-12-31 06702150core:RevaluationsIncreaseDecreaseInInvestments2024-12-31 06702150business:Director112023-12-31 06702150business:Director112024-01-012024-12-31 06702150business:Director112024-12-31 067021502023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 06702150 (England and Wales)
Hub Culture Pavilions Uk Ltd Unaudited accounts for the year ended 31 December 2024
Hub Culture Pavilions Uk Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Hub Culture Pavilions Uk Ltd Company Information for the year ended 31 December 2024
Director
Stan Stalnaker
Company Number
06702150 (England and Wales)
Registered Office
3 Shepherd Street London W1J7HL England
Accountants
Collective Concepts Accounting Ltd
- 3 -
Hub Culture Pavilions Uk Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,090 
3,954 
Investments
5
- 
544 
3,090 
4,498 
Current assets
Debtors
6
78,712 
35,878 
Creditors: amounts falling due within one year
7
(116,719)
(10,802)
Net current (liabilities)/assets
(38,007)
25,076 
Total assets less current liabilities
(34,917)
29,574 
Creditors: amounts falling due after more than one year
8
(12,123)
(76,697)
Net liabilities
(47,040)
(47,123)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(47,041)
(47,124)
Shareholders' funds
(47,040)
(47,123)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2025 and were signed on its behalf by
Stan Stalnaker Director Company Registration No. 06702150
- 4 -
Hub Culture Pavilions Uk Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Hub Culture Pavilions Uk Ltd is a private company, limited by shares, registered in England and Wales, registration number 06702150. The registered office is 3 Shepherd Street, London, W1J7HL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% RBM
Computer equipment
20% RBM
Going concern
The financial statement have been prepared on a going concern basis on the grounds that the Director and the shareholder have confirmed he will continue to support the company.
Investments
Investments in shares are included at fair value.
- 5 -
Hub Culture Pavilions Uk Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
4,624 
6,079 
10,703 
At 31 December 2024
4,624 
6,079 
10,703 
Depreciation
At 1 January 2024
3,161 
3,588 
6,749 
Charge for the year
366 
498 
864 
At 31 December 2024
3,527 
4,086 
7,613 
Net book value
At 31 December 2024
1,097 
1,993 
3,090 
At 31 December 2023
1,463 
2,491 
3,954 
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
544 
Fair value adjustments
(544)
Valuation at 31 December 2024
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
65,773 
23,224 
Other debtors
12,939 
12,654 
78,712 
35,878 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,997 
- 
Trade creditors
1,801 
- 
Amounts owed to group undertakings and other participating interests
82,311 
6,902 
Accruals
24,610 
3,900 
116,719 
10,802 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,123 
76,697 
- 6 -
Hub Culture Pavilions Uk Ltd Notes to the Accounts for the year ended 31 December 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Stan Stalnaker
12,654 
285 
- 
12,939 
12,654 
285 
- 
12,939 
As of 31 December 2024 the director owes the entity a sum of £12,939 (2023: £12,654). This is an interest bearing loan @2.25% and repayable on demand.
10
Transactions with related parties
At the end of the year the entity is owed by following companies under common control. * Hub Culture Services Ltd £65,773 (2023: £23,224) * Hub Culture Ltd (Bermuda) £3,098 (2023: Nil) At the year end balances owed to following companies under common control. * Hub Culture Pavilions (Bermuda) £43,448 (2023: £43,448)
11
Controlling party
The ultimate controlling party is Hub Culture Ltd, a company incorporated in Bermuda. Hub culture Pavilions UK Ltd is a 100% owned subsidiary of Hub Culture Pavilions Ltd, a company incorporated in Bermuda.
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -