Company Registration No. 06015460 (England and Wales)
Hub Culture Services Ltd
Unaudited accounts
for the year ended 31 December 2018
Hub Culture Services Ltd
Unaudited accounts
Contents
Hub Culture Services Ltd
Company Information
for the year ended 31 December 2018
Director
Mr Stan Stalnaker
Company Number
06015460 (England and Wales)
Registered Office
A And L, Suite 1-3 Hop Exchange
24 Southwark Street
London
England
SE1 1TY
UK
Hub Culture Services Ltd
Statement of financial position
as at
31 December 2018
Tangible assets
6,539
8,173
Cash at bank and in hand
3,476
70,928
Creditors: amounts falling due within one year
(598,018)
(383,883)
Net current liabilities
(223,167)
(149,992)
Net liabilities
(216,628)
(141,819)
Called up share capital
1
1
Profit and loss account
(216,629)
(141,820)
Shareholders' funds
(216,628)
(141,819)
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 October 2019.
Mr Stan Stalnaker
Director
Company Registration No. 06015460
Hub Culture Services Ltd
Notes to the Accounts
for the year ended 31 December 2018
Hub Culture Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 06015460. The registered office is A And L, Suite 1-3 Hop Exchange, 24 Southwark Street, London, England, SE1 1TY, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The financial statements have been prepared on a going concern basis on the grounds that the Director and the Parent Company 'Hub Culture Pavilions Ltd' have confirmed they will continue to support the company.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25 % Reducing Balance
Computer equipment
20 % Reducing Balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2018
8,688
2,071
10,759
At 31 December 2018
8,688
2,071
10,759
At 1 January 2018
2,172
414
2,586
Charge for the year
1,303
331
1,634
At 31 December 2018
3,475
745
4,220
At 31 December 2018
5,213
1,326
6,539
At 31 December 2017
6,516
1,657
8,173
Hub Culture Services Ltd
Notes to the Accounts
for the year ended 31 December 2018
Amounts due from group undertakings etc.
160,235
146,644
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
381,158
381,158
Taxes and social security
65,219
-
Deferred income
120,297
-
7
Share capital
2018
2017
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
Total amount receivable from related companies at the year end is £160,235 (2017 £146,644), this is a net figure after taking into account monies received and paid within the group companies.
During the year management charges were paid to 'Hub Culture Pavilions UK Ltd' totalling £190,000 a Company in which director Mr S Stalnaker is director.
Hub Culture Services Ltd is a subsidiary of Hub Culture Ltd, with 100% share ownership.
10
Average number of employees
During the year the average number of employees was 0 (2017: 0).