Company Registration No. 06702150 (England and Wales)
HUB CULTURE PAVILIONS UK LTD
Unaudited accounts
for the year ended 31 December 2016
HUB CULTURE PAVILIONS UK LTD
Unaudited accounts
Contents
HUB CULTURE PAVILIONS UK LTD
Company Information
for the year ended 31 December 2016
Director
Mr Stan Stalnaker
Company Number
06702150 (England and Wales)
Registered Office
GRAND UNION HOUSE
20 KENTISH TOWN ROAD
LONDON
NW1 9NX
UK
HUB CULTURE PAVILIONS UK LTD
Statement of financial position
as at
31 December 2016
Tangible assets
2,570
3,212
Cash at bank and in hand
1,489
879
Creditors: amounts falling due within one year
(523,716)
(524,366)
Net current liabilities
(72,979)
(74,239)
Total assets less current liabilities
(70,409)
(71,027)
Creditors: amounts falling due after more than one year
(430)
-
Net liabilities
(70,839)
(71,027)
Called up share capital
1
1
Profit and loss account
(70,840)
(71,028)
Shareholders' funds
(70,839)
(71,027)
For the year ending 31 December 2016 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 31 January 2018.
Mr Stan Stalnaker
Director
Company Registration No. 06702150
HUB CULTURE PAVILIONS UK LTD
Notes to the Accounts
for the year ended 31 December 2016
HUB CULTURE PAVILIONS UK LTD is a private company, limited by shares, registered in England and Wales, registration number 06702150. The registered office is GRAND UNION HOUSE, 20 KENTISH TOWN ROAD, LONDON, NW1 9NX, 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.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
The financial statements have been prepared on a going concern basis on the grounds that the Director and the Parent Company 'Hub Culture Ltd' have confirmed they will continue to support the company.
HUB CULTURE PAVILIONS UK LTD
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2016
2,770
2,249
5,019
At 31 December 2016
2,770
2,249
5,019
At 1 January 2016
997
810
1,807
Charge for the year
354
288
642
At 31 December 2016
1,351
1,098
2,449
At 31 December 2016
1,419
1,151
2,570
At 31 December 2015
1,773
1,439
3,212
Amounts due from group undertakings etc.
449,248
449,248
6
Creditors: amounts falling due within one year
2016
2015
Other creditors
522,816
522,816
7
Creditors: amounts falling due after more than one year
2016
2015
Taxes and social security
430
-
8
Share capital
2016
2015
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The receivables figure is related to transactions within the group companies. The total value of receivables at year end was £449,248 (2015 £449,248).
During the year management charges were received from 'Hub Culture Services Ltd' totalling £52,974, a Company in which director Mr S Stalnaker is also a director.
Hub Culture Services Ltd is a 100% owned subsidiary of Hub Culture Ltd.
HUB CULTURE PAVILIONS UK LTD
Notes to the Accounts
for the year ended 31 December 2016
11
Average number of employees
During the year the average number of employees was 0 (2015: 0).