Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseNo description of principal activity00falsetrue 03675261 2023-07-01 2024-06-30 03675261 2022-07-01 2023-06-30 03675261 2024-06-30 03675261 2023-06-30 03675261 2022-07-01 03675261 c:Director1 2023-07-01 2024-06-30 03675261 d:Buildings 2023-07-01 2024-06-30 03675261 d:Buildings 2024-06-30 03675261 d:Buildings 2023-06-30 03675261 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 03675261 d:PlantMachinery 2023-07-01 2024-06-30 03675261 d:CurrentFinancialInstruments 2024-06-30 03675261 d:CurrentFinancialInstruments 2023-06-30 03675261 d:Non-currentFinancialInstruments 2024-06-30 03675261 d:Non-currentFinancialInstruments 2023-06-30 03675261 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 03675261 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03675261 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 03675261 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 03675261 d:ShareCapital 2024-06-30 03675261 d:ShareCapital 2023-06-30 03675261 d:ShareCapital 2022-07-01 03675261 d:RevaluationReserve 2024-06-30 03675261 d:RevaluationReserve 2022-07-01 2023-06-30 03675261 d:RevaluationReserve 2023-06-30 03675261 d:RevaluationReserve 2022-07-01 03675261 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 03675261 d:RetainedEarningsAccumulatedLosses 2024-06-30 03675261 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 03675261 d:RetainedEarningsAccumulatedLosses 2023-06-30 03675261 d:RetainedEarningsAccumulatedLosses 2022-07-01 03675261 d:OtherDeferredTax 2024-06-30 03675261 d:OtherDeferredTax 2023-06-30 03675261 c:FRS102 2023-07-01 2024-06-30 03675261 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 03675261 c:FullAccounts 2023-07-01 2024-06-30 03675261 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03675261 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 03675261









HIVE PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
HIVE PROPERTIES LIMITED
 
 
  
ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HIVE PROPERTIES LIMITED
FOR THE YEAR ENDED 30 JUNE 2024

You consider that the Company is exempt from an audit for the year ended 30 June 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, I have prepared the financial statements on pages 9 from the accounting records of the Company and on the basis of information and explanations you have given to me.

I have not carried out an audit or any other review, and consequently I do not express any opinion on these financial statements.

  



Eclipse Consultancy Limited
 
The Courtyard
14A Sydenham Road
Croydon
CR0 2EE
13 December 2024
Page 1

 
HIVE PROPERTIES LIMITED
REGISTERED NUMBER: 03675261

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,663,476
3,597,476

  
3,663,476
3,597,476

Current assets
  

Debtors: amounts falling due within one year
 5 
434,920
583,672

Cash at bank and in hand
 6 
5,026
4,934

  
439,946
588,606

Creditors: amounts falling due within one year
 7 
(46,166)
(78,757)

Net current assets
  
 
 
393,780
 
 
509,849

Total assets less current liabilities
  
4,057,256
4,107,325

Creditors: amounts falling due after more than one year
 8 
(1,499,283)
(1,499,159)

Provisions for liabilities
  

Deferred tax
 9 
(564,535)
(564,535)

  
 
 
(564,535)
 
 
(564,535)

Net assets
  
1,993,438
2,043,631


Capital and reserves
  

Called up share capital 
  
1,200
1,200

Revaluation reserve
  
1,665,935
1,665,935

Profit and loss account
  
326,303
376,496

  
1,993,438
2,043,631


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 2

 
HIVE PROPERTIES LIMITED
REGISTERED NUMBER: 03675261
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Chetan Vinodrai Shukla
Director

Date: 13 December 2024

The notes on pages 5 to 9 form part of these financial statements.

Page 3

 

 
HIVE PROPERTIES LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024



Called up share capital
Revaluation reserve
Profit and loss account
Total equity


£
£
£
£



At 1 July 2022
1,200
1,801,424
567,537
2,370,161





Loss for the year
-
-
(191,041)
(191,041)


Deferred taxation arising on the revaluation of land and buildings
-
(135,489)
-
(135,489)





At 1 July 2023
1,200
1,665,935
376,496
2,043,631





Loss for the year
-
-
(50,193)
(50,193)



At 30 June 2024
1,200
1,665,935
326,303
1,993,438



The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
HIVE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Hive Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
106 Lower Addiscombe Road
Croydon
Surrey
CR0 6AD

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
HIVE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
over 50 years
Long-term leasehold property
-
over the lease term
Plant and machinery
-
over 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
HIVE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Tangible fixed assets





Land and Buildings

£



Cost or valuation


At 1 July 2023
3,597,476


Additions
66,000



At 30 June 2024

3,663,476






Net book value



At 30 June 2024
3,663,476



At 30 June 2023
3,597,476

Page 7

 
HIVE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
The properties have been revalued annualy on 30 June by the directors of the company.The directors own a large number of properties and are considered sufficiently knowlegeable to provide valuations, these are based on current market values.


5.


Debtors

2024
2023
£
£


Trade debtors
-
1,780

Amounts owed by group undertakings
417,565
558,165

Other debtors
-
5,980

Prepayments and accrued income
17,355
17,747

434,920
583,672



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,026
4,934

5,026
4,934



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
25,746
3,696

Other creditors
9,241
10,983

Accruals and deferred income
11,179
64,078

46,166
78,757


Page 8

 
HIVE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,499,283
1,499,159

1,499,283
1,499,159


The following liabilities were secured:

2024
2023
£
£



Market Harborough - A/c-05004361505
161,366
161,352

Market Harborough - A/c-05004361604
231,460
231,411

Market Harborough - A/c-05004361406
1,106,457
1,106,365

1,499,283
1,499,128

Details of security provided:

The Loan from Market Harborough Building Society is secured by a fixed and floating charge over the company's assets which can be referred from MR01 filed at companies house.


9.


Deferred taxation




2024


£






At beginning of year
(564,535)



At end of year
(564,535)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Deferred taxation arising on the revaluation of land and buildings
(564,535)
(564,535)

(564,535)
(564,535)

 
Page 9