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REGISTERED NUMBER: 09738638 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

URBAN HIVE ESTATES LTD

URBAN HIVE ESTATES LTD (REGISTERED NUMBER: 09738638)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


URBAN HIVE ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: B Fischman





REGISTERED OFFICE: 43 Leadale Road
London
N16 6DG





REGISTERED NUMBER: 09738638 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

URBAN HIVE ESTATES LTD (REGISTERED NUMBER: 09738638)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,687 15,776

CURRENT ASSETS
Debtors 5 27,330 20,236
Cash at bank 12,703 2,424
40,033 22,660
CREDITORS
Amounts falling due within one year 6 (47,086 ) (60,920 )
NET CURRENT LIABILITIES (7,053 ) (38,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,634

(22,484

)

CREDITORS
Amounts falling due after more than one
year

7

(26,010

)

(28,273

)
NET LIABILITIES (19,376 ) (50,757 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (19,377 ) (50,758 )
SHAREHOLDERS' FUNDS (19,376 ) (50,757 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

URBAN HIVE ESTATES LTD (REGISTERED NUMBER: 09738638)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 18 September 2024 and were signed by:





B Fischman - Director


URBAN HIVE ESTATES LTD (REGISTERED NUMBER: 09738638)

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

1. STATUTORY INFORMATION

Urban Hive Estates Ltd 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 the 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 4,332 22,000 3,500 29,832
Additions 412 - - 412
At 31 August 2023 4,744 22,000 3,500 30,244
DEPRECIATION
At 1 September 2022 1,301 10,516 2,239 14,056
Charge for year 363 1,722 416 2,501
At 31 August 2023 1,664 12,238 2,655 16,557
NET BOOK VALUE
At 31 August 2023 3,080 9,762 845 13,687
At 31 August 2022 3,031 11,484 1,261 15,776

URBAN HIVE ESTATES LTD (REGISTERED NUMBER: 09738638)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 16,080 -
Other debtors 11,250 20,236
27,330 20,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 1,605 1
Trade creditors 10,472 519
Taxation and social security 5,554 17,332
Other creditors 29,455 43,068
47,086 60,920

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 19,542
Hire purchase contracts 8,971 8,731
Other creditors 17,039 -
26,010 28,273

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 17,039 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank overdrafts 1,605 1
Bank loans - 19,542
Other loans 17,039 -
18,644 19,543

Under the bank loan, £17,039 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

URBAN HIVE ESTATES LTD (REGISTERED NUMBER: 09738638)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 September 2022 (50,758 )
Profit for the year 31,381
At 31 August 2023 (19,377 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Fischman.