Silverfin false 30/04/2023 01/05/2022 30/04/2023 S J Attrill 24/04/2013 D A Attrill 15/03/2021 18 September 2023 The principal activity of the Company during the financial year is that of restaurants and outside catering events. 08501659 2023-04-30 08501659 bus:Director1 2023-04-30 08501659 bus:Director2 2023-04-30 08501659 2022-04-30 08501659 core:CurrentFinancialInstruments 2023-04-30 08501659 core:CurrentFinancialInstruments 2022-04-30 08501659 core:Non-currentFinancialInstruments 2023-04-30 08501659 core:Non-currentFinancialInstruments 2022-04-30 08501659 core:ShareCapital 2023-04-30 08501659 core:ShareCapital 2022-04-30 08501659 core:RetainedEarningsAccumulatedLosses 2023-04-30 08501659 core:RetainedEarningsAccumulatedLosses 2022-04-30 08501659 core:Goodwill 2022-04-30 08501659 core:Goodwill 2023-04-30 08501659 core:LandBuildings 2022-04-30 08501659 core:Vehicles 2022-04-30 08501659 core:FurnitureFittings 2022-04-30 08501659 core:OtherPropertyPlantEquipment 2022-04-30 08501659 core:LandBuildings 2023-04-30 08501659 core:Vehicles 2023-04-30 08501659 core:FurnitureFittings 2023-04-30 08501659 core:OtherPropertyPlantEquipment 2023-04-30 08501659 2022-05-01 2023-04-30 08501659 bus:FullAccounts 2022-05-01 2023-04-30 08501659 bus:SmallEntities 2022-05-01 2023-04-30 08501659 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 08501659 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 08501659 bus:Director1 2022-05-01 2023-04-30 08501659 bus:Director2 2022-05-01 2023-04-30 08501659 core:Goodwill core:TopRangeValue 2022-05-01 2023-04-30 08501659 core:Vehicles 2022-05-01 2023-04-30 08501659 core:FurnitureFittings 2022-05-01 2023-04-30 08501659 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-05-01 2023-04-30 08501659 2021-05-01 2022-04-30 08501659 core:LandBuildings 2022-05-01 2023-04-30 08501659 core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 08501659 (England and Wales)

HIVE BEACH COMPANY LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

HIVE BEACH COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

HIVE BEACH COMPANY LIMITED

BALANCE SHEET

As at 30 April 2023
HIVE BEACH COMPANY LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 458,306 398,974
458,306 398,974
Current assets
Stocks 5 117,708 22,314
Debtors 6 1,118,528 1,095,925
Cash at bank and in hand 256,672 654,363
1,492,908 1,772,602
Creditors: amounts falling due within one year 7 ( 492,059) ( 522,965)
Net current assets 1,000,849 1,249,637
Total assets less current liabilities 1,459,155 1,648,611
Creditors: amounts falling due after more than one year 8 ( 115,214) ( 176,095)
Provision for liabilities ( 20,046) ( 25,622)
Net assets 1,323,895 1,446,894
Capital and reserves
Called-up share capital 100 100
Profit and loss account 1,323,795 1,446,794
Total shareholders' funds 1,323,895 1,446,894

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hive Beach Company Limited (registered number: 08501659) were approved and authorised for issue by the Board of Directors on 18 September 2023. They were signed on its behalf by:

S J Attrill
Director
HIVE BEACH COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
HIVE BEACH COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hive Beach Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is The Old Farm Dairy, Manor Farm, Barr Lane, Burton Bradstock, Dorset, DT6 4PX, England.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Other property, plant and equipment 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 100 78

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 May 2022 500,000 500,000
At 30 April 2023 500,000 500,000
Accumulated amortisation
At 01 May 2022 500,000 500,000
At 30 April 2023 500,000 500,000
Net book value
At 30 April 2023 0 0
At 30 April 2022 0 0

4. Tangible assets

Land and buildings Vehicles Fixtures and fittings Other property, plant
and equipment
Total
£ £ £ £ £
Cost
At 01 May 2022 187,812 180,234 424,964 134,195 927,205
Additions 0 0 16,655 101,544 118,199
At 30 April 2023 187,812 180,234 441,619 235,739 1,045,404
Accumulated depreciation
At 01 May 2022 0 126,054 353,292 48,885 528,231
Charge for the financial year 0 13,545 21,290 24,032 58,867
At 30 April 2023 0 139,599 374,582 72,917 587,098
Net book value
At 30 April 2023 187,812 40,635 67,037 162,822 458,306
At 30 April 2022 187,812 54,180 71,672 85,310 398,974

5. Stocks

2023 2022
£ £
Stocks 117,708 22,314

6. Debtors

2023 2022
£ £
Trade debtors 650 4,424
Other debtors 1,117,878 1,091,501
1,118,528 1,095,925

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 41,100 54,229
Trade creditors 145,120 137,775
Taxation and social security 188,980 227,037
Obligations under finance leases and hire purchase contracts 13,529 13,628
Other creditors 103,330 90,296
492,059 522,965

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 77,648 125,099
Obligations under finance leases and hire purchase contracts 37,566 50,996
115,214 176,095

9. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Advances to directors 146,647 113,340

Interest of £2,376 has been charged at the HMRC official rate.