REGISTERED NUMBER: 04371301 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HUBLE DIGITAL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R J Dearsley

V J Dearsley

M Creswick

J Gamble

K Giannoukaris

R J Harris

M A Norton

J Packer

REGISTERED OFFICE:

123 Buckingham Palace Road

London

SW1W 9SH

REGISTERED NUMBER:

04371301 (England and Wales)

AUDITORS:

Oury Clark Chartered Accountants

Statutory Auditors

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Intangible assets

4

238

2,864

Tangible assets

5

6,977

5,729

7,215

8,593

CURRENT ASSETS

Debtors

6

1,710,214

3,429,464

Cash at bank

71,870

81,649

1,782,084

3,511,113

CREDITORS

Amounts falling due within one year

7

1,132,759

2,586,952

NET CURRENT ASSETS

649,325

924,161

TOTAL ASSETS LESS CURRENT LIABILITIES

656,540

932,754

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

656,539

932,753

SHAREHOLDERS' FUNDS

656,540

932,754

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 5 November 2025 and were signed on its behalf by:

M A Norton - Director

1.	STATUTORY INFORMATION

Huble Digital 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.

The accounts have been prepared on the going concern basis. The directors have assessed the company's financial position and performance and consider that the company has adequate resources to continue in operational existence for a period of at lease 12 months and 1 day from the date of approval of the financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Sales

Sales comprises income generated from customers external to the Huble Group, as well as sales made to fellow group undertakings.

Sales generated from customers external to the Huble Group are measured at the fair value of the consideration receivable for marketing services rendered and software licenses provided under a partnership agreement. Invoices are generated in line with the work agreement terms which are generally in advance of work being performed. Where work has been invoiced but not yet performed, deferred revenue is accounted for within the financial statements.

Sales generated from fellow group undertakings are measured at the fair value of the consideration receivable for the work performed by the Company.

Media Sales

Media sales are on costs charged to Huble Digital Limited from various media platforms in relation to specific clients. These are recharged to the respective customers. Media sales are recognised on an accruals basis at the point the related media costs have been incurred.

Commissions receivable

Commission sales are commissions received from HubSpot for sales made by them to the Company's clients in line with the partnership agreement. Commission revenue is recognised on an accruals basis.

All turnover is net of discounts and value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website costs are being amortised evenly over their estimated useful life of 3 years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost net of value added tax and are reviewed annually for signs of impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery etc - 33% on cost

Financial instruments

Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

8,593

AMORTISATION

At 1 April 2024

5,729

Charge for year

2,626

At 31 March 2025

8,355

NET BOOK VALUE

At 31 March 2025

238

At 31 March 2024

2,864

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

54,621

Additions

5,056

At 31 March 2025

59,677

DEPRECIATION

At 1 April 2024

48,892

Charge for year

3,808

At 31 March 2025

52,700

NET BOOK VALUE

At 31 March 2025

6,977

At 31 March 2024

5,729

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

484,378

1,047,062

Amounts owed by group undertakings

541,542

2,122,085

Other debtors

684,294

260,317

1,710,214

3,429,464

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,664

100,606

Trade creditors

563,596

227,836

Amounts owed to group undertakings

50,841

713,521

Taxation and social security

198,768

407,501

Other creditors & accruals

314,890

1,137,488

1,132,759

2,586,952

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

1,749

1,114

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2024

932,753

Profit for the year

623,786

Dividends

(900,000

)

At 31 March 2025

656,539

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

The Report of the Auditors was unqualified.

Rachel Lockwood (Senior Statutory Auditor)

for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

12.	ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

The ultimate parent company is Huble Digital Group Limited, a company incorporated in England & Wales. The ultimate controlling party is R Dearsley.