Caseware UK (AP4) 2025.0.111 2025.0.111 2024-12-31 2024-12-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01 false support services 2 4 true true false 04167381 2024-01-01 2024-12-31 04167381 2023-01-01 2023-12-31 04167381 2024-12-31 04167381 2023-12-31 04167381 c:Director1 2024-01-01 2024-12-31 04167381 d:FurnitureFittings 2024-01-01 2024-12-31 04167381 d:FurnitureFittings 2024-12-31 04167381 d:FurnitureFittings 2023-12-31 04167381 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04167381 d:OfficeEquipment 2024-01-01 2024-12-31 04167381 d:OfficeEquipment 2024-12-31 04167381 d:OfficeEquipment 2023-12-31 04167381 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04167381 d:ComputerEquipment 2024-01-01 2024-12-31 04167381 d:ComputerEquipment 2024-12-31 04167381 d:ComputerEquipment 2023-12-31 04167381 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04167381 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04167381 d:CurrentFinancialInstruments 2024-12-31 04167381 d:CurrentFinancialInstruments 2023-12-31 04167381 d:Non-currentFinancialInstruments 2024-12-31 04167381 d:Non-currentFinancialInstruments 2023-12-31 04167381 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04167381 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04167381 d:ShareCapital 2024-12-31 04167381 d:ShareCapital 2023-12-31 04167381 d:RetainedEarningsAccumulatedLosses 2024-12-31 04167381 d:RetainedEarningsAccumulatedLosses 2023-12-31 04167381 c:OrdinaryShareClass1 2024-01-01 2024-12-31 04167381 c:OrdinaryShareClass1 2024-12-31 04167381 c:OrdinaryShareClass1 2023-12-31 04167381 c:OrdinaryShareClass2 2024-01-01 2024-12-31 04167381 c:OrdinaryShareClass2 2024-12-31 04167381 c:OrdinaryShareClass2 2023-12-31 04167381 c:OrdinaryShareClass3 2024-01-01 2024-12-31 04167381 c:OrdinaryShareClass3 2024-12-31 04167381 c:OrdinaryShareClass3 2023-12-31 04167381 c:FRS102 2024-01-01 2024-12-31 04167381 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04167381 c:FullAccounts 2024-01-01 2024-12-31 04167381 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04167381 d:WithinOneYear 2024-12-31 04167381 d:WithinOneYear 2023-12-31 04167381 d:BetweenOneFiveYears 2024-12-31 04167381 d:BetweenOneFiveYears 2023-12-31 04167381 2 2024-01-01 2024-12-31 04167381 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04167381 HUB2ASIA LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HUB2ASIA LIMITED
CONTENTS
| Page
Accountants' Report | 1
Statement of Financial Position | 2 - 3
Notes to the Financial Statements | 4 - 9
HUB2ASIA LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HUB2ASIA LIMITED FOR THE YEAR ENDED 31 DECEMBER 2024 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hub2Asia Limited for the year ended 31 December 2024 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the director of Hub2Asia Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Hub2Asia Limited and state those matters that we have agreed to state to the director of Hub2Asia Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hub2Asia Limited and its director for our work or for this report. It is your duty to ensure that Hub2Asia Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hub2Asia Limited. You consider that Hub2Asia Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Hub2Asia Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Sopher + Co LLP Chartered Accountants 5 Elstree Gate Elstree Way Borehamwood Hertfordshire WD6 1JD 19 March 2026 Page 1
HUB2ASIA LIMITED REGISTERED NUMBER:04167381
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 39,971 |  | 52,716
Current assets |  |  |  |  |
Debtors: amounts falling due after more than one year | 5 | 79,200 |  | 79,199 |
Debtors: amounts falling due within one year | 5 | 600,885 |  | 374,312 |
Cash at bank and in hand |  | 105,422 |  | 145,667 |
|  | 785,507 |  | 599,178 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 6 | (257,315) |  | (727,991) |
Net current assets/(liabilities) |  |  | 528,192 |  | (128,813)
Net assets/(liabilities) |  |  | 568,163 |  | (76,097)
Capital and reserves |  |  |  |  |
Called up share capital | 7 |  | 50,000 |  | 50,000
Profit and loss account |  |  | 518,163 |  | (126,097)
|  |  | 568,163 |  | (76,097)
Page 2
HUB2ASIA LIMITED REGISTERED NUMBER:04167381
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 March 2026.
S Breteau
Director
The notes on pages 4 to 9 form part of these financial statements. Page 3
HUB2ASIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Hub2Asia Limited is a private limited liability company registered in England and Wales. Its registered office address and principal place of business is at 48-49 St James Street, 3rd Floor, London SW1A 1JT. The principal activity of the company in the year under review was that of provision of support services to related entities. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax. Income from the provision of support services is recognised when the services are provided.
| 2.3 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred. Page 4
HUB2ASIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.3 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 25% |
|  |  |  | Office equipment | - | 25% |
|  |  |  | Computer equipment | - | 25% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.4 | Taxation
Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: 1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and 2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. Page 5
HUB2ASIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | Foreign currency translation
The company's functional and presentational currency is £ sterling. Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.
| 2.6 | Basic financial instruments
The company only enters into transactions that result in basic financial assets and basic financial liabilities. Basic financial assets, such as trade debtors, other debtors and loans to related parties, are recognised initially at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade creditors, other creditors and loans from related parties, are recognised initially at transaction cost plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets. Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
| 2.7 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.8 | Pensions
The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds. Page 6
HUB2ASIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2023 - 4).
4. | Tangible fixed assets
|  | Fixtures and fittings | Office equipment | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 January 2024 | 9,285 | 91,166 | 15,120 | 115,571
| Additions | - | 3,805 | 613 | 4,418
| At 31 December 2024 | 9,285 | 94,971 | 15,733 | 119,989
| Depreciation |  |  |  |
| At 1 January 2024 | 6,362 | 49,677 | 6,816 | 62,855
| Charge for the year on owned assets | 843 | 13,118 | 3,200 | 17,161
| At 31 December 2024 | 7,205 | 62,795 | 10,016 | 80,016
| Net book value |  |  |  |
| At 31 December 2024 | 2,080 | 32,176 | 5,717 | 39,973
| At 31 December 2023 | 2,923 | 41,489 | 8,304 | 52,716
Page 7
HUB2ASIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 79,200 | 79,199
|  | 79,200 | 79,199
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 3,828 | 44,544
| Other debtors | 349,122 | 32,420
| Prepayments and accrued income | 247,935 | 297,348
|  | 600,885 | 374,312
| Included within other debtors due within one year is an amount of £261,064 owed by the director.
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 119,652 | 52,580
| Other taxation and social security | 94,849 | 7,227
| Other creditors | 2,099 | 617,414
| Accruals and deferred income | 40,715 | 50,770
|  | 257,315 | 727,991
Page 8
HUB2ASIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 27,080 (2023 - 27,080) Ordinary A shares of £1.00 each | 27,080 | 27,080
|  | 21,670 (2023 - 21,670) Ordinary B shares of £1.00 each | 21,670 | 21,670
|  | 1,250 (2023 - 1,250) Ordinary C shares of £1.00 each | 1,250 | 1,250
|  |  | 50,000 | 50,000
| The Ordinary A, Ordinary B and Ordinary C shares rank pari passu in all respects.
8. | Pension commitments
The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,144 (2023 - £2,873). Contributions totalling £401 (2023 - £823) were payable to the fund at the reporting date and are included in creditors.
9. | Commitments under operating leases
| At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Not later than 1 year | 132,000 | 132,000
| Later than 1 year and not later than 5 years | 330,000 | 462,000
|  | 462,000 | 594,000
Page 9