General Information
Hub Productions Limited is a private company, limited by shares, registered in England and Wales, registration number 04410946, registration address 16 Warner Street, London, EC1R 5HA.
The comparative figures are for the 18-month period from 1 May 2023 to 31 October 2024 and are therefore not entirely comparable with the amounts for the current year, which cover the 12 months ended 31 October 2025.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue
earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar
allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is
usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent
of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Research and development expenditure
Research and development expenditure is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred taxation
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.
Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant and Machinery |
33.33% Straight Line
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Preference shares
Preference shares are shares that carry certain preferential rights over ordinary shares, typically in relation to dividends and capital, and may be redeemable by the company at a future date.
|
| 2. |
Average number of employees Average number of employees during the period was 12 (2024 : 15). |
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Total |
| |
£ |
|
£ |
| At 01 November 2024 |
327,857 |
|
327,857 |
| Additions |
3,068 |
|
3,068 |
| Disposals |
- |
|
- |
| At 31 October 2025 |
330,925 |
|
330,925 |
| Depreciation |
| At 01 November 2024 |
315,663 |
|
315,663 |
| Charge for year |
11,685 |
|
11,685 |
| On disposals |
- |
|
- |
| At 31 October 2025 |
327,348 |
|
327,348 |
| Net book values |
| Closing balance as at 31 October 2025 |
3,577 |
|
3,577 |
| Opening balance as at 01 November 2024 |
12,194 |
|
12,194 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
102,067 |
|
74,340 |
| Amount Owed by Group Undertakings |
382,597 |
|
270,378 |
| Prepayments & Accrued Income |
41,011 |
|
81,586 |
| Other Debtors |
162,918 |
|
162,918 |
| Directors Current Accounts |
299,018 |
|
309,065 |
|
987,611 |
|
898,287 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
187,319 |
|
278,725 |
| PAYE & Social Security |
45,447 |
|
13,292 |
| Accruals and deferred income |
368,348 |
|
268,086 |
| Other Creditors |
132,422 |
|
46,326 |
| VAT |
70,638 |
|
57,864 |
|
804,174 |
|
664,293 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Other Creditors |
131,997 |
|
81,063 |
|
131,997 |
|
81,063 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
803 |
|
2,929 |
|
803 |
|
2,929 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Class A shares of £0.01 each |
1 |
|
1 |
|
400,000
Preference Shares shares of £1.00 each |
400,000 |
|
400,000 |
|
400,001 |
|
400,001 |
|
| 9. |
Directors Advances, Credits and Guarantees
During the year, the directors were advanced £76,064 and repaid £86,110. Interest at the approved HMRC rate has been applied to the loan. The balance at the year end is £299,018.
|
| 10. |
Related Party Transactions
Bombora Media Ltd
Bombora Media Ltd is a company controlled by Mr David Hunstone, a director and the controlling party of the company. During the year the company made further interest-free advances to Bombora Media Ltd of £247,199 (2024: £100,200), principally payments of that company's payroll and related costs together with cash loans, and Bombora Media Ltd repaid £134,980 (2024: £13,600). At the year end Bombora Media Ltd owed the company £382,597 (2024: £270,378). The loan is interest free, unsecured and repayable on demand.
|
| 11. |
Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases: not later than one year £147,000; later than one year and not later than five years £242,180; total £389,180 (2024: £147,000; £389,180; £536,180).
|
| 12. |
Loans
In May 2020 the company obtained a Bounce Back Loan from Bank of Scotland, which is repayable by June 2026.
In July 2022 the company obtained a Recovery Loan from Bank of Scotland, which is repayable over six years.
In November 2024 the company obtained a loan of £25,000 from Federal Capital, repayable in monthly instalments within one year.
In December 2024 and July 2025 the company drew down £75,000 and £122,716 respectively under a revolving credit facility with iwoca, repayable in monthly instalments. A further £89,667 was drawn down after the year end in December 2025. Loans falling due within one year are included within other creditors; the amounts falling due after more than one year comprise part of the Recovery Loan and part of the iwoca facility.
|
| 13. |
Ultimate Controlling Party
The company's controlling party is Mr David Hunstone by virtue of his ownership of 51% of the issued share capital in the company.
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2
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