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REGISTERED NUMBER: 11373012 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Bithyve Uk Ltd

Bithyve Uk Ltd (Registered number: 11373012)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bithyve Uk Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Tapadia





REGISTERED OFFICE: Mansion House
Manchester Road
Altrincham
Cheshire
WA14 4RW





REGISTERED NUMBER: 11373012 (England and Wales)






Bithyve Uk Ltd (Registered number: 11373012)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 125 1,297

CURRENT ASSETS
Debtors 4 12,860 70,060
Cash at bank and in hand 235,901 35,493
248,761 105,553
CREDITORS
Amounts falling due within one year 5 911,695 635,034
NET CURRENT LIABILITIES (662,934 ) (529,481 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(662,809

)

(528,184

)

CREDITORS
Amounts falling due after more than
one year

6

-

40,000
NET LIABILITIES (662,809 ) (568,184 )

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Share premium 20,000 20,000
Retained earnings (782,809 ) (688,184 )
SHAREHOLDERS' FUNDS (662,809 ) (568,184 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 February 2025 and were signed by:




A A Tapadia - Director


Bithyve Uk Ltd (Registered number: 11373012)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 3,515
DEPRECIATION
At 1 June 2023 2,218
Charge for year 1,172
At 31 May 2024 3,390
NET BOOK VALUE
At 31 May 2024 125
At 31 May 2023 1,297

Bithyve Uk Ltd (Registered number: 11373012)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 12,860 70,060

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security (3,918 ) -
Other creditors 915,613 635,034
911,695 635,034

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors - 40,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Unsecured Long Term Loan - 40,000