Company Registration No. 06702150 (England and Wales)
HUB CULTURE PAVILIONS UK LTD
Unaudited accounts
for the year ended 31 December 2018
HUB CULTURE PAVILIONS UK LTD
Unaudited accounts
Contents
HUB CULTURE PAVILIONS UK LTD
Company Information
for the year ended 31 December 2018
Director
Mr Stan Stalnaker
Company Number
06702150 (England and Wales)
Registered Office
A And L, Suite 1-3 Hop Exchange
24 Southwark Street
London
England
SE1 1TY
UK
HUB CULTURE PAVILIONS UK LTD
Statement of financial position
as at
31 December 2018
Tangible assets
13,446
14,726
Cash at bank and in hand
3,246
7,851
Creditors: amounts falling due within one year
(513,836)
(513,496)
Net current liabilities
(83,679)
(85,491)
Net liabilities
(70,233)
(70,765)
Called up share capital
1
1
Profit and loss account
(70,234)
(70,766)
Shareholders' funds
(70,233)
(70,765)
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 31 October 2019.
Mr Stan Stalnaker
Director
Company Registration No. 06702150
HUB CULTURE PAVILIONS UK LTD
Notes to the Accounts
for the year ended 31 December 2018
HUB CULTURE PAVILIONS UK LTD is a private company, limited by shares, registered in England and Wales, registration number 06702150. 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.
Tangible fixed assets policy
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
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 2018
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2018
10,960
2,770
7,812
21,542
Additions
-
-
2,595
2,595
At 31 December 2018
10,960
2,770
10,407
24,137
At 1 January 2018
2,740
1,635
2,441
6,816
Charge for the year
2,055
227
1,593
3,875
At 31 December 2018
4,795
1,862
4,034
10,691
At 31 December 2018
6,165
908
6,373
13,446
At 31 December 2017
8,220
1,135
5,371
14,726
Amounts due from group undertakings etc.
426,229
417,828
6
Creditors: amounts falling due within one year
2018
2017
Other creditors
510,013
510,013
7
Share capital
2018
2017
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
The receivables figure is related to transactions within the group companies. The total value of receivables at year end was £426,229 (2017 £417,828).
During the year management charges were received from 'Hub Culture Services Ltd' totalling £190,000, 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 2018
10
Average number of employees
During the year the average number of employees was 0 (2017: 0).