for the Period Ended 31 December 2024
| Directors report | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2024
Directors
The director shown below has held office during the whole of the period from
1 January 2024
to
31 December 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
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£ |
£ |
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| Called up share capital not paid: |
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| Fixed assets | |||
| Intangible assets: | 3 |
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| Total fixed assets: |
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| Current assets | |||
| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 4 |
(
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(
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| Net current assets (liabilities): |
( |
( |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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| Capital and reserves | |||
| Called up share capital: |
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| Total Shareholders' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
Basis of measurement and preparation
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 December 2024
| Goodwill | Other | Total | |
|---|---|---|---|
| Cost | £ | £ | £ |
| At 1 January 2024 |
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| Additions | |||
| Disposals | |||
| Revaluations |
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| Transfers | |||
| At 31 December 2024 |
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| Amortisation | |||
| At 1 January 2024 |
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| Charge for year | |||
| On disposals | |||
| Other adjustments | |||
| At 31 December 2024 |
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| Net book value | |||
| At 31 December 2024 |
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| At 31 December 2023 |
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for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other creditors |
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| Total |
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Hub 109 provides support to business start-ups, social entrepreneurs, first time entrepreneurs, freelancers, entrepreneurs or intending entrepreneurs, sole traders and recent graduates starting in business from low income backgrounds, contributing to a making good(or public value, social and/or ethical) economy, seeking social and/or environmental impact as well as financial impact, working in a range of industries across the green economy, social enterprise, arts, social finances and creative ventures. We provide businesses and start-ups with an affordable and supportive incubator environ-ment, compromising amongst other things affordable entry to workspace, meeting room, consultancy services, bid & tender support, marketing, design, IT solutions, resources, and events that support the enterprises of the community and the community members them-selves. During 2024 we have delivered 1 programme titled Start-up School in partnership with other organisations. Furthermore, we have continue to support start-ups via our interactive platform called Hub 109 Platform to facilitate delivery of Start-up School and support en-trepreneurs and business with variety of internally generated resources compromising of videos, materials and documents. Over the past year we also provided remote support to over 90 entrepreneurs, businesses and start-ups with a large number of individuals identifying as people who don’t normally benefit from these services.
Hub 109 stakeholders are the citizens of Birmingham, our community members, project partners and the individuals who attend events at Hub 109. Hub 109 founder is an individual with long history in Birmingham and Hub 109 was funded privately with the aim of supporting local businesses and creating opportunities for all residents. All our members and partners are given an introduction to Hub 109 where we ask about their needs and wants as well as holding regular consultations where stakeholders discuss these things. We are also very active on social media and with everyone who attends the space for support, event or to work from. The conversations have informed the services that we offer, shaped our mission and given us information to strategically plan for the future.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 September 2025
And signed on behalf of the board by:
Name: Sead Alimajstorovic
Status: Director