Humble Group Ltd
Humble Group Ltd
Registered number: 06936206
Unaudited Financial Statements
For The Year Ended
31 December 2022
Square Mile Accounting Limited
Arquen House
4-6 Spicer Street
St. Albans
AL3 4PQ
Humble Group Ltd
Unaudited Financial Statements
For The Year Ended
31 December 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—6 |
Page 1
Humble Group Ltd
Statement of Financial Position
As At
31 December 2022
Statement of Financial Position
Registered number:
06936206
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
| 2022 | 2021 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 4 |
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| Tangible Assets | 5 |
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| Investments | 6 |
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| CURRENT ASSETS | |||||
| Stocks | 7 |
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| Debtors | 8 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 9 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 10 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 11 |
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| Share premium account |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | 2,994,174 | 2,791,392 | |||
Page 1
Page 2
Humble Group Ltd
Statement of Financial Position (continued)
As At
31 December 2022
On behalf of the board
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Director
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Humble Group Ltd
Notes to the Financial Statements
For The Year Ended
31 December 2022
Notes to the Financial Statements
1.
General Information
Humble Group Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
06936206
. The registered office is 2 Battersea Rise, London, SW11 1ED.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are investments in Cryptocurrencies valued at the Market Value at the reporting date
2.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
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| Plant & Machinery |
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2.6.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.7.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8.
Pensions
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.
2.9.
Government Grant
Government grants received are recognised under the accrual model. The grants have been recognised over the period in which the related costs, that the grant is intended to compensate, are recognised.
2.10.
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.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 92 (2021: 64)
Page 3
Page 4
Humble Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
4.
Intangible Assets
| Other | |||
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| £ | |||
| Cost | |||
| As at
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| Additions |
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| Net Book Value | |||
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5.
Tangible Assets
| Land & Property | |||
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| Leasehold | Plant & Machinery | Total | |
| £ | £ | £ | |
| Cost | |||
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| Additions |
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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6.
Investments
| Unlisted | |
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| As at
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| Additions |
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| Provision | |
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| Net Book Value | |
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| As at
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During the year the company purchased 100% of the share capital of Tiger Vines Ltd.
Page 4
Page 5
Humble Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
7.
Stocks
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Finished goods |
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8.
Debtors
| 2022 | 2021 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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9.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other taxes and social security |
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| Other creditors |
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| Pension payable |
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| Accruals |
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10.
Creditors: Amounts Falling Due After More Than One Year
| 2022 | 2021 | ||
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| £ | £ | ||
| Bank loans |
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11.
Share Capital
| 2022 | 2021 | ||
|---|---|---|---|
| Allotted, called up and fully paid | £ | £ | |
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125 | 125 | |
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2,238 | 2,192 | |
| 2,363 | 2,317 | ||
During the year 4,578 Ordinary B Shares were issued at £54.60 each.
Page 5
Page 6
Humble Group Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
12.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
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Amounts advanced | Amounts repaid | Amounts written off | As at
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| £ | £ | £ | £ | £ | |
| Mr James Dawson |
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( |
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The above loan is unsecured and repayable on demand, interest is being accrued on the outstanding loan balance at a rate of 2.25%.
13.
Ultimate Controlling Party
In the opinion of the directors, there is no single ultimate controlling paty.
Page 6