UK House Hub Limited - Accounts to registrar (filleted) - small 23.2.5

UK House Hub Limited - Accounts to registrar (filleted) - small 23.2.5


IRIS Accounts Production v23.2.0.158 11877892 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure118778922022-03-31118778922023-03-31118778922022-04-012023-03-31118778922021-03-31118778922021-04-012022-03-31118778922022-03-3111877892ns16:EnglandWales2022-04-012023-03-3111877892ns15:PoundSterling2022-04-012023-03-3111877892ns11:Director12022-04-012023-03-3111877892ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3111877892ns11:SmallEntities2022-04-012023-03-3111877892ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3111877892ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111877892ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111877892ns11:FullAccounts2022-04-012023-03-3111877892ns11:OrdinaryShareClass12022-04-012023-03-3111877892ns11:RegisteredOffice2022-04-012023-03-3111877892ns6:CurrentFinancialInstruments2023-03-3111877892ns6:CurrentFinancialInstruments2022-03-3111877892ns6:ShareCapital2023-03-3111877892ns6:ShareCapital2022-03-3111877892ns6:RetainedEarningsAccumulatedLosses2023-03-3111877892ns6:RetainedEarningsAccumulatedLosses2022-03-3111877892ns6:ShortLeaseholdAssetsns6:LandBuildings2022-04-012023-03-3111877892ns6:PlantMachinery2022-04-012023-03-3111877892ns6:FurnitureFittings2022-04-012023-03-3111877892ns6:ComputerEquipment2022-04-012023-03-3111877892ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-3111877892ns6:PlantMachinery2022-03-3111877892ns6:FurnitureFittings2022-03-3111877892ns6:ComputerEquipment2022-03-3111877892ns6:ShortLeaseholdAssetsns6:LandBuildings2023-03-3111877892ns6:PlantMachinery2023-03-3111877892ns6:FurnitureFittings2023-03-3111877892ns6:ComputerEquipment2023-03-3111877892ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-3111877892ns6:PlantMachinery2022-03-3111877892ns6:FurnitureFittings2022-03-3111877892ns6:ComputerEquipment2022-03-3111877892ns6:CostValuation2022-03-3111877892ns6:AdditionsToInvestments2023-03-3111877892ns6:CostValuation2023-03-3111877892ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3111877892ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3111877892ns6:WithinOneYear2023-03-3111877892ns6:WithinOneYear2022-03-3111877892ns6:BetweenOneFiveYears2023-03-3111877892ns6:BetweenOneFiveYears2022-03-3111877892ns6:AllPeriods2023-03-3111877892ns6:AllPeriods2022-03-3111877892ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 11877892 (England and Wales)















UK HOUSE HUB LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






UK HOUSE HUB LIMITED (REGISTERED NUMBER: 11877892)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UK HOUSE HUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr M Mohammed





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 11877892 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

UK HOUSE HUB LIMITED (REGISTERED NUMBER: 11877892)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,839 24,528
Investments 5 175,005 125,000
193,844 149,528

CURRENT ASSETS
Debtors 6 277,907 333,982
Cash at bank and in hand 53,975 83,159
331,882 417,141
CREDITORS
Amounts falling due within one year 7 222,801 312,928
NET CURRENT ASSETS 109,081 104,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

302,925

253,741

PROVISIONS FOR LIABILITIES - 783
NET ASSETS 302,925 252,958

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 302,825 252,858
SHAREHOLDERS' FUNDS 302,925 252,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UK HOUSE HUB LIMITED (REGISTERED NUMBER: 11877892)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 15 December 2023 and were signed by:





Mr M Mohammed - Director


UK HOUSE HUB LIMITED (REGISTERED NUMBER: 11877892)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

UK House Hub 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.

The presentation currency of the financial statements is rounded to the nearest pound sterling (£).

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line basis over a 3 year period

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 balance sheet date.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

UK HOUSE HUB LIMITED (REGISTERED NUMBER: 11877892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable/payable within one year.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 21,709 659 5,396 4,714 32,478
Additions - - 504 487 991
At 31 March 2023 21,709 659 5,900 5,201 33,469
DEPRECIATION
At 1 April 2022 2,793 191 1,654 3,312 7,950
Charge for year 4,341 70 1,040 1,229 6,680
At 31 March 2023 7,134 261 2,694 4,541 14,630
NET BOOK VALUE
At 31 March 2023 14,575 398 3,206 660 18,839
At 31 March 2022 18,916 468 3,742 1,402 24,528

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022 125,000
Additions 50,005
At 31 March 2023 175,005
NET BOOK VALUE
At 31 March 2023 175,005
At 31 March 2022 125,000

UK HOUSE HUB LIMITED (REGISTERED NUMBER: 11877892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 95,496 324,096
Amounts recoverable on contract 169,671 -
Other debtors 8,770 8,040
Prepayments 3,970 1,846
277,907 333,982

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,568 61,927
Tax 58,360 42,099
Social security and other taxes 2,375 2,711
VAT 10,342 60,929
Other creditors 641 420
Directors' current accounts 135,204 141,592
Accrued expenses 3,311 3,250
222,801 312,928

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 26,800 26,800
Between one and five years 62,533 89,333
89,333 116,133

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director, Mr M Mohammed, introduced £200,000 into the business on 10 July 2019. The balance as at year end owed to the director was £135,204.

The director, Mr M Mohammed, owns 100% of the issued share capital. Dividends were declared and paid in the year to 31 March 2023 of £36,500.