Principal Activities

Airline

Additional information

DIRECTOR’S REPORT The director presents the micro-entity accounts of HUB AIRLINES LTD for the year ended 30 November 2025. During the year, the company issued additional share capital and recognised significant intangible assets, comprising: 1. Trade Secret (£10,448,000 - Ordinary Shares): Proprietary operational knowledge and processes critical to the company’s airline operations. The trade secret provides a competitive advantage and is expected to contribute value over an indefinite period. 2. Technical Know-How (£4,592,000 - Preferred Shares): Specialized technical expertise, methodologies, and procedural knowledge developed internally. This know-how enhances the company’s technical capabilities and is expected to generate long-term value. The company remained in the development stage, actively undertaking research, operational planning, and other preparatory activities throughout the year. The company has recognized intangible assets in its financial statements. No tax reliefs, capital allowances, deductions, or amortization claims are being made in respect of these assets for Corporation Tax purposes. NOTES TO THE ACCOUNTS 1. Accounting Policies Basis of preparation: These micro-entity accounts have been prepared in accordance with the provisions of the Companies Act 2006 and FRS 105. 2. Intangible Assets Intangible assets consist of a trade secret (£10,448,000) and technical know-how (£4,592,000) recognised during 2025. They are measured at cost. The director considers that these assets have an indefinite useful economic life; therefore, no amortisation is charged. The company reviews these assets annually for impairment to ensure their carrying value is not overstated. The company does not claim any tax deduction under Part 8 CTA 2009 in respect of these intangible assets. Total intangible assets: £15,040,000 3. Share Capital Ordinary shares (trade secret) 10,448,000.00, Preferred shares (know-how) 4,592,000.00, Original issued capital (Nov 2019) 100.00, Total share capital 15,040,100.00. All shares are fully paid. No cash was received as consideration for these shares; capital was issued in exchange for intangible assets. This clarifies why cash is zero. The company’s issued share capital of £15,040,100.00 is fully paid-up as at 30 November 2025. Previous periods did not reflect the full issued capital in accounts, which is now correctly presented.” Director: Rudolf Brockhausen

This report was approved by the board of directors on 1 December 2025
And Signed On Behalf Of The Board By:

Name: Rudolf Brockhausen
Status: Director