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REGISTERED NUMBER: 11322374 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Hive Leisure (Callow Hall) Limited

Hive Leisure (Callow Hall) Limited (Registered number: 11322374)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hive Leisure (Callow Hall) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: E J Burrows
C Randall





REGISTERED OFFICE: 1 Maiden Lane
Stamford
Lincolnshire





REGISTERED NUMBER: 11322374 (England and Wales)





AUDITORS: Hills Accountants Limited
Greenhill House
First Floor East Wing
Thorpe Road
Peterborough
Cambridgeshire
PE3 6RU

Hive Leisure (Callow Hall) Limited (Registered number: 11322374)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,843,606 1,810,858

CREDITORS
Amounts falling due within one year 5 5,571 5,175
NET CURRENT LIABILITIES (5,571 ) (5,175 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,838,035

1,805,683

CREDITORS
Amounts falling due after more than one
year

6

1,973,533

1,933,466
NET LIABILITIES (135,498 ) (127,783 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (135,500 ) (127,785 )
(135,498 ) (127,783 )

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 Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





C Randall - Director


Hive Leisure (Callow Hall) Limited (Registered number: 11322374)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Hive Leisure (Callow Hall) Limited 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.

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.

Going concern

The directors have prepared forecasts for the company for a period greater than 12 months from the date of approval of these financial statements. The forecasts take into account known changes in the trading environment, performance, and funding requirements during that period.

After making enquiries, the directors have a reasonable expectation that the company has sufficient funds to meet its liabilities as they fall due, allowing the business to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis of preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors do not consider that any key judgements have been made in preparing these financial statements.

Key sources of of estimation uncertainty

Useful economic lives and residual values of Tangible fixed assets: The company reviews the estimated useful lives of the Tangible Fixed Assets at the end of each reporting period. During the current period the Directors have concluded that the lives of certain assets required revision. See below under the heading of "Changes in accounting estimate".

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 50 years
Plant and machinery etc - Straight line over 10 years

Buildings are depreciated to residual value over 50 years. Land is not depreciated.


Hive Leisure (Callow Hall) Limited (Registered number: 11322374)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Changes in accounting estimate
During the financial year, the company conducted a comprehensive review of the useful lives and residual values of its tangible fixed assets at the balance sheet date. As a result of this review, the following changes in accounting estimates were made:

Useful Lives:

The useful lives of certain categories of assets were revised based upon the directors updated information about their expected economic benefits. The changes are as follows:

Freehold property:Changed from Nil to 50 years
Fixtures and Fittings Changed from 25% reducing balance to 10 years.

Impact on Financial Statements:

The changes in accounting estimates have been applied prospectively from the date of the change. The effect of these changes has been to decrease the depreciation expense by £1,659.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Hive Leisure (Callow Hall) Limited (Registered number: 11322374)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1,775,262 150,000 1,925,262
Additions 39,988 - 39,988
At 30 June 2024 1,815,250 150,000 1,965,250
DEPRECIATION
At 1 July 2023 - 114,404 114,404
Charge for year - 7,240 7,240
At 30 June 2024 - 121,644 121,644
NET BOOK VALUE
At 30 June 2024 1,815,250 28,356 1,843,606
At 30 June 2023 1,775,262 35,596 1,810,858

The company has given security over its Land and Building, and Plant and Machinery under a Debenture dated 26 June 2018 in relation to loan facilities entered to by its ultimate parent company, The Wildhive Collection Limited.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 5,571 5,175

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Amounts owed to group undertakings 1,973,533 1,933,466

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Lee James Hills (Senior Statutory Auditor)
for and on behalf of Hills Accountants Limited

8. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Wildhive Collection Limited. The smallest and largest group for which the financial statements are drawn up and of which the company is included is headed by Wildhive Collection Limited.

Consolidated accounts are available from Wildhive Collection Limited, 1 Maiden Lane, Stamford, Lincolnshire PE9 2AZ.

9. UNAUDITED COMPARATIVES

The financial statements of Hive leisure (Callow Hall) Limited for the year ended 30 June 2023 were unaudited.