REGISTERED NUMBER: 12377604 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 30 JUNE 2025

FOR

OLD HOSPITAL HUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J M Jeans B.A J.D

Mrs E Glendinning

REGISTERED OFFICE:

Ashleigh

Constitution Hill

Southwold

Suffolk

IP18 6HE

REGISTERED NUMBER:

12377604 (England and Wales)

AUDITORS:

Walter Wright

Chartered Accountants

Statutory Auditor

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

FIXED ASSETS

Tangible assets

4

28,868

57,673

CURRENT ASSETS

Debtors: amounts falling due within one year

5

16,907

22,312

Debtors: amounts falling due after more than one year

5

355,840

380,860

Cash at bank and in hand

7,290

8,139

380,037

411,311

CREDITORS

Amounts falling due within one year

6

808,268

747,109

NET CURRENT LIABILITIES

(428,231

)

(335,798

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(399,363

)

(278,125

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(399,364

)

(278,126

)

(399,363

)

(278,125

)

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 13 January 2026 and were signed on its behalf by:

Mrs J M Jeans B.A J.D - Director

1.	STATUTORY INFORMATION

Old Hospital 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.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors including expectation of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions, will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

The assessment of the useful economic lives, residual values and the method of depreciating fixed assets requires management estimation. Depreciation is charged to the income statement based on the useful economic life selected, which requires an estimation of the period and profile over which the company expects to consume the future economic benefits embodied in the assets. Useful economic lives and residual values are re-assessed and amended as necessary when changes in their circumstances are identified.

Turnover

Turnover represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

Old Hospital Hub Limited (OHH) is a wholly owned subsidiary of Southwold and Waveney Valley Regeneration Society Limited (SouthGen), a Community Benefit Company set up to benefit the communities local to Southwold as a not-for-profit entity. There is a formal agreement that any surpluses from trading in OHH will be passed up to SouthGen, but an understanding that the key activities of OHH, now restricted to The Canteen, would take some time to generate a surplus from the commencement of trading in mid 2022. As a result, support has been granted by way of fund raising though donations and grants in SouthGen and the Management Committee of SouthGen are committed to providing sufficient cash resources to OHH until its trading activities return a surplus.

The Management Committee have reviewed profit and cash forecasts for the group through to 31 January 2027 and concluded there are sufficient cash resources to provide the required parental support. On this basis the financial statements are drawn up on a going concern basis. The results to 30 June 2025 reflect expected losses as the group continues to work towards a full operating position. The long term strategy continues to be to break even and then submit a small surplus each year to the parent.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

88,533

Additions

733

Disposals

(22,822

)

At 30 June 2025

66,444

DEPRECIATION

At 1 January 2024

30,860

Charge for period

19,987

Eliminated on disposal

(13,271

)

At 30 June 2025

37,576

NET BOOK VALUE

At 30 June 2025

28,868

At 31 December 2023

57,673

The Directors have considered the net book value of the Plant and machinery held in the balance sheet at £28,868 and conclude that the assets will continue to be used by the Canteen to generate future profits, and no impairment charge is required over and above depreciation already accounted for.

5.

DEBTORS

2025

2023

£

£

Amounts falling due within one year:

Trade debtors

-

4,715

Other debtors

16,907

17,597

16,907

22,312

Amounts falling due after more than one year:

Other debtors

355,840

380,860

Aggregate amounts

372,747

403,172

The debtor due after one year of £355,840 is the prepayment in respect of a short leasehold premium paid to the parent company. The lease is an operating lease so the premium is not recognised as a fixed asset and instead a prepayment of rent. The prepayment is being released to the profit and loss account over the lease period of 25 years.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade creditors

11,369

12,999

Amounts owed to group undertakings

784,090

723,424

Taxation and social security

2,645

5,021

Other creditors

10,164

5,665

808,268

747,109

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

The Report of the Auditors was unqualified.

Kevin Brown ACA MAAT (Senior Statutory Auditor)

for and on behalf of Walter Wright

8.	CONTROLLING PARTY

The company is a 100% subsidiary of Southwold and Waveney Valley Regeneration Society Limited, a Community Benefit Society. The registered office of Southwold and Waveney Valley Regeneration Society Limited is Ashleigh, Constitution Hill, Southwold, Suffolk, IP18 6HE.

The largest and smallest group in which the results of the company are consolidated is that headed by Southwold and Waveney Regeneration Society Limited. The consolidated accounts for this society are publicly available from the FCA's Mutuals Register. No other group accounts include the results of the company.