Silverfin false false 31/07/2024 01/08/2023 31/07/2024 J M Burgess 15/07/2020 C L Burgess 15/07/2020 19 December 2024 The principal activity of the Company during the financial period was residential care for young people aged 16-18 years old. 12744158 2024-07-31 12744158 bus:Director1 2024-07-31 12744158 bus:Director2 2024-07-31 12744158 2023-07-31 12744158 core:CurrentFinancialInstruments 2024-07-31 12744158 core:CurrentFinancialInstruments 2023-07-31 12744158 core:Non-currentFinancialInstruments 2024-07-31 12744158 core:Non-currentFinancialInstruments 2023-07-31 12744158 core:ShareCapital 2024-07-31 12744158 core:ShareCapital 2023-07-31 12744158 core:RetainedEarningsAccumulatedLosses 2024-07-31 12744158 core:RetainedEarningsAccumulatedLosses 2023-07-31 12744158 core:OtherResidualIntangibleAssets 2023-07-31 12744158 core:OtherResidualIntangibleAssets 2024-07-31 12744158 core:OtherPropertyPlantEquipment 2023-07-31 12744158 core:OtherPropertyPlantEquipment 2024-07-31 12744158 2023-08-01 2024-07-31 12744158 bus:FilletedAccounts 2023-08-01 2024-07-31 12744158 bus:SmallEntities 2023-08-01 2024-07-31 12744158 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12744158 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12744158 bus:Director1 2023-08-01 2024-07-31 12744158 bus:Director2 2023-08-01 2024-07-31 12744158 core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 12744158 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 12744158 2022-08-01 2023-07-31 12744158 core:Non-currentFinancialInstruments 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Company No: 12744158 (England and Wales)

3HIVE LTD.

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

3HIVE LTD.

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

3HIVE LTD.

BALANCE SHEET

As at 31 July 2024
3HIVE LTD.

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1,322 1,762
Tangible assets 4 102,306 130,256
103,628 132,018
Current assets
Debtors 5 150,247 17,595
Cash at bank and in hand 179,499 236,931
329,746 254,526
Creditors: amounts falling due within one year 6 ( 104,119) ( 102,351)
Net current assets 225,627 152,175
Total assets less current liabilities 329,255 284,193
Creditors: amounts falling due after more than one year 7 ( 80,854) ( 96,789)
Net assets 248,401 187,404
Capital and reserves
Called-up share capital 100 100
Profit and loss account 248,301 187,304
Total shareholder's funds 248,401 187,404

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of 3Hive Ltd. (registered number: 12744158) were approved and authorised for issue by the Board of Directors on 19 December 2024. They were signed on its behalf by:

J M Burgess
Director
3HIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
3HIVE LTD.

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
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

3Hive Ltd. (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 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts. The company recognises revenue when the value of services provided to date can be reliably measured.

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.

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:

Other intangible assets 25 % reducing balance
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:

Plant and machinery etc. 25 % reducing balance

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 20 17

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 August 2023 2,400 2,400
At 31 July 2024 2,400 2,400
Accumulated amortisation
At 01 August 2023 638 638
Charge for the financial year 440 440
At 31 July 2024 1,078 1,078
Net book value
At 31 July 2024 1,322 1,322
At 31 July 2023 1,762 1,762

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 August 2023 147,972 147,972
Additions 6,755 6,755
At 31 July 2024 154,727 154,727
Accumulated depreciation
At 01 August 2023 17,716 17,716
Charge for the financial year 34,705 34,705
At 31 July 2024 52,421 52,421
Net book value
At 31 July 2024 102,306 102,306
At 31 July 2023 130,256 130,256

5. Debtors

2024 2023
£ £
Trade debtors 0 14,000
Amounts owed by Group undertakings 142,721 0
Other debtors 7,526 3,595
150,247 17,595

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 2,040
Amounts owed to Group undertakings 0 7
Taxation and social security 73,518 66,592
Obligations under finance leases and hire purchase contracts 15,936 14,667
Other creditors 14,665 19,045
104,119 102,351

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

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 80,854 96,789

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

8. Ultimate controlling party

Parent Company:

3Hive Holding Ltd
Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW