A.D.D. Northern Hub Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12781296 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

A.D.D. Northern Hub Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Fairbrother

D R Sharp

M A Dunne

N Burgess

REGISTERED OFFICE:

Unit 8

Chichester Street

Rochdale

Lancashire

OL16 2AU

REGISTERED NUMBER:

12781296 (England and Wales)

AUDITORS:

Lindley Adams Limited Chartered Accountants

Statutory Auditor

28 Prescott Street

Halifax

West Yorkshire

HX1 2LG

CURRENT ASSETS

Debtors

4

1,769,171

1,769,013

Cash at bank and in hand

79,436

11,369

1,848,607

1,780,382

CREDITORS

Amounts falling due within one year

5

1,205,873

1,334,665

NET CURRENT ASSETS

642,734

445,717

TOTAL ASSETS LESS CURRENT
LIABILITIES

642,734

445,717

CAPITAL AND RESERVES

Called up share capital

116

Retained earnings

642,618

445,601

642,734

445,717

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 30 September 2025 and were signed on its behalf by:

D R Sharp - Director

1.	STATUTORY INFORMATION

A.D.D. Northern Hub 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.

DEBTORS

31.12.24

31.12.23

£

Amounts falling due within one year:

Trade debtors

16,459

9,992

Amounts owed by group undertakings

794,244

Other debtors

886,686

894,575

1,697,389

1,698,811

Amounts falling due after more than one year:

Other debtors

71,782

70,202

Aggregate amounts

1,769,171

1,769,013

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

8

Amounts owed to group undertakings

1,120,107

1,200,658

Taxation and social security

82,258

130,499

Other creditors

3,500

1,205,873

1,334,665

6.	SECURED DEBTS

Clydesdale Bank PLC (Trading as Virgin Money) holds a fixed charge and a floating charge. The floating charge covers all the property or undertaking of the company.

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

The Report of the Auditors was unqualified.

David Charles Adams (Senior Statutory Auditor)

for and on behalf of Lindley Adams Limited Chartered Accountants

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

D Fairbrother

Balance outstanding at start of year

208,006

-

Amounts advanced

4,680

208,006

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

212,686

208,006

Interest was charged on the loan at 2% and 2.25%. The loan is repayable on demand.

9.	RELATED PARTY DISCLOSURES

Fez Investments Limited

The company is a subsidiary of Fez Investments Limited. The amount owed by Fez Investments Limited at the end of the year was £794,244 (2023 - £794,244).

A.D.D Express Limited

A.D.D Express Limited is a fellow subsidiary of the Company. The amount owed to A.D.D Express Limited at the end of the year was £1,120,107 (2023 - £1,200,658).

A.D.D Express Properties Ltd

David Fairbrother a director of the Company is also a director and shareholder of A.D.D.Express Properties Ltd. The amount owed to the Company at the end of the year was £674,000 (2023 - £674,000).

10.	ULTIMATE CONTROLLING PARTY

The company became a subsidiary of Fez Investments Ltd on 22nd September 2022. The company is controlled by David Fairbrother by means of his controlling interest in Fez Investments Ltd.