Silverfin false false 31/07/2023 17/08/2022 31/07/2023 J M Burgess 17/08/2022 J Burgess 17/08/2022 C L Burgess 17/08/2022 23 April 2024 The principal activity of the Company during the financial period was property investment and that of a holding company. 14301226 2023-07-31 14301226 bus:Director1 2023-07-31 14301226 bus:Director2 2023-07-31 14301226 bus:Director3 2023-07-31 14301226 core:CurrentFinancialInstruments 2023-07-31 14301226 core:Non-currentFinancialInstruments 2023-07-31 14301226 core:ShareCapital 2023-07-31 14301226 core:RetainedEarningsAccumulatedLosses 2023-07-31 14301226 core:LandBuildings 2022-08-16 14301226 2022-08-16 14301226 core:LandBuildings 2023-07-31 14301226 core:CostValuation 2023-07-31 14301226 2022-08-17 2023-07-31 14301226 bus:FilletedAccounts 2022-08-17 2023-07-31 14301226 bus:SmallEntities 2022-08-17 2023-07-31 14301226 bus:AuditExemptWithAccountantsReport 2022-08-17 2023-07-31 14301226 bus:PrivateLimitedCompanyLtd 2022-08-17 2023-07-31 14301226 bus:Director1 2022-08-17 2023-07-31 14301226 bus:Director2 2022-08-17 2023-07-31 14301226 bus:Director3 2022-08-17 2023-07-31 14301226 core:LandBuildings 2022-08-17 2023-07-31 14301226 core:Subsidiary1 2022-08-17 2023-07-31 14301226 core:Subsidiary1 1 2022-08-17 2023-07-31 14301226 core:Non-currentFinancialInstruments 2022-08-17 2023-07-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 14301226 (England and Wales)

3HIVE HOLDINGS LIMITED

Unaudited Financial Statements
For the financial period from 17 August 2022 to 31 July 2023
Pages for filing with the registrar

3HIVE HOLDINGS LIMITED

Unaudited Financial Statements

For the financial period from 17 August 2022 to 31 July 2023

Contents

3HIVE HOLDINGS LIMITED

BALANCE SHEET

As at 31 July 2023
3HIVE HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 31.07.2023
£
Fixed assets
Tangible assets 3 477,603
Investments 4 100
477,703
Current assets
Debtors 5 27
Cash at bank and in hand 291
318
Creditors: amounts falling due within one year 6 ( 93,093)
Net current liabilities (92,775)
Total assets less current liabilities 384,928
Creditors: amounts falling due after more than one year 7 ( 248,929)
Net assets 135,999
Capital and reserves
Called-up share capital 100
Profit and loss account 135,899
Total shareholders' funds 135,999

For the financial period ending 31 July 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 3Hive Holdings Limited (registered number: 14301226) were approved and authorised for issue by the Board of Directors on 23 April 2024. They were signed on its behalf by:

J M Burgess
Director
3HIVE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 August 2022 to 31 July 2023
3HIVE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 17 August 2022 to 31 July 2023
1. Accounting policies

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

General information and basis of accounting

3Hive Holdings 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 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 rebates and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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.

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

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.

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.

2. Employees

Period from
17.08.2022 to
31.07.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 3

3. Tangible assets

Land and buildings Total
£ £
Cost
At 17 August 2022 0 0
Additions 477,603 477,603
At 31 July 2023 477,603 477,603
Accumulated depreciation
At 17 August 2022 0 0
At 31 July 2023 0 0
Net book value
At 31 July 2023 477,603 477,603

4. Fixed asset investments

Investments in subsidiaries

31.07.2023
£
Cost
At 17 August 2022 100
At 31 July 2023 100
Carrying value at 31 July 2023 100

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.07.2023
3Hive Limited Towngate House, 2-8 Parkstone Road, Poole, United Kingdom Residential Care Ordinary Shares 100.00%

5. Debtors

31.07.2023
£
Amounts owed by Group undertakings 7
Other debtors 20
27

6. Creditors: amounts falling due within one year

31.07.2023
£
Bank loans 23,400
Other creditors 69,693
93,093

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

31.07.2023
£
Bank loans 248,929

There are no amounts included above in respect of which any security has been given by the small entity.