Registration number:
The Hub @ No.3 Ltd
for the Year Ended 30 November 2021
The Hub @ No.3 Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
The Hub @ No.3 Ltd
Company Information
Director |
L J Franks |
Company secretary |
L J Franks |
Registered office |
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Accountants |
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The Hub @ No.3 Ltd
(Registration number: 11073461)
Balance Sheet
30 November 2021
Note |
2021 |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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The Hub @ No.3 Ltd
(Registration number: 11073461)
Balance Sheet
30 November 2021
For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Company secretary and director
The Hub @ No.3 Ltd
Notes to the Unaudited Financial Statements
Year Ended 30 November 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis as the business is being supported by a loan from the director and the loan will not be repaid in the near future. The Business was affected by the COVID pandemic and could not trade for a time but since the restrictions have been lifted trading has recommenced.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
The Hub @ No.3 Ltd
Notes to the Unaudited Financial Statements
Year Ended 30 November 2021
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Leasehold Improvements |
Over 20 years |
Fixtures & fittings |
25% per annum redicing balance |
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business and are recognised initially at the transaction price.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
The Hub @ No.3 Ltd
Notes to the Unaudited Financial Statements
Year Ended 30 November 2021
Tangible assets |
Short leasehold land and buildings |
Fixtures and fittings |
Total |
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Cost or valuation |
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At 1 December 2020 |
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Additions |
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At 30 November 2021 |
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Depreciation |
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At 1 December 2020 |
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Charge for the year |
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At 30 November 2021 |
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Carrying amount |
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At 30 November 2021 |
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At 30 November 2020 |
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Included within the net book value of land and buildings above is £198,472 (2020 - £185,793) in respect of short leasehold land and buildings.
Debtors |
2021 |
2020 |
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Trade debtors |
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Other debtors |
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The Hub @ No.3 Ltd
Notes to the Unaudited Financial Statements
Year Ended 30 November 2021
Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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