REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 June 2024 |
for |
Hive Leisure (Callow Hall) Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Land and buildings | - |
Plant and machinery etc | - |
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 |
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 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Amounts owed to group undertakings |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |