Company Registration No. 06015460 (England and Wales)
Hub Culture Services Ltd
Unaudited accounts
for the year ended 31 December 2024
Hub Culture Services Ltd
Unaudited accounts
Contents
Hub Culture Services Ltd
Company Information
for the year ended 31 December 2024
Company Number
06015460 (England and Wales)
Registered Office
3 Shepherd Street
London
W1J 7HN
United Kingdom
Accountants
Collective Concepts Accounting Ltd
Hub Culture Services Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
14,653
19,750
Cash at bank and in hand
38,952
2,613
Creditors: amounts falling due within one year
(3,685,823)
(1,433,534)
Net current liabilities
(1,373,722)
(542,270)
Total assets less current liabilities
(1,359,069)
(522,520)
Creditors: amounts falling due after more than one year
(31,600)
(30,885)
Net liabilities
(1,390,669)
(553,405)
Called up share capital
1
1
Fair value reserve
(3,277)
-
Profit and loss account
(1,387,393)
(553,406)
Shareholders' funds
(1,390,669)
(553,405)
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. 06015460
Hub Culture Services Ltd
Notes to the Accounts
for the year ended 31 December 2024
Hub Culture Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 06015460. The registered office is 3 Shepherd Street, London, W1J 7HN, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The financial statement have been prepared on a going concern basis on the grounds that the Director and the parent company 'Hub Culture Pavilions Ltd' have confirmed they will continue to support the company.
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% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Hub Culture Services Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
8,688
15,766
12,277
36,731
Disposals
-
(1,597)
-
(1,597)
At 31 December 2024
8,688
14,169
12,277
35,134
At 1 January 2024
7,451
3,694
5,836
16,981
Charge for the year
309
2,143
1,288
3,740
On disposals
-
(240)
-
(240)
At 31 December 2024
7,760
5,597
7,124
20,481
At 31 December 2024
928
8,572
5,153
14,653
At 31 December 2023
1,237
12,072
6,441
19,750
Amounts falling due within one year
Trade debtors
521,058
160,681
Accrued income and prepayments
1,687,357
691,521
Other debtors
41,758
19,982
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
162,405
174,446
Amounts owed to group undertakings and other participating interests
1,326,469
1,127,244
Loans from directors
7,181
10,934
Deferred income
2,186,468
110,808
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
The entity owes to the following companies which are under common control:
- Hub Culture Limited (Bermuda) £1,260,696 (2023: £1,104,020)
- Hub Culture Pavilion UK Limited £65,773 (2023: 23,224)
Hub Culture Services Ltd
Notes to the Accounts
for the year ended 31 December 2024
Hub Culture Services Ltd is a 100% subsidiary of Hub Culture Ltd. Hub Culture Ltd is a company based in Bermuda.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).