ACCOUNTS - Final Accounts preparation

Registered number: 09556382

THE HIVE ENTERPRISES SERIES 2 LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

THE HIVE ENTERPRISES SERIES 2 LIMITED

REGISTERED NUMBER: 09556382

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	31,680		27,600
Cash at bank and in hand		42,074		115,725
		73,754		143,325
Creditors: amounts falling due within one year	5	(18,092)		(27,784)
Net current assets			55,662		115,541
Total assets less current liabilities			55,662		115,541

Net assets			55,662		115,541

Capital and reserves
Called up share capital	100	100
Profit and loss account	55,562	115,441
	55,662	115,541

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.

The Company has opted not to file the statement of income and retained earnings 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 on 29 September 2025.

R Fielding

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

THE HIVE ENTERPRISES SERIES 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The Hive Enterprises Series 2 Limited is a private company limited by shares and registered in England and Wales. The address of its registered office and principal place of business is 339 Upper Sreet, London, N1 0PB.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.3

Revenue

Revenue comprises distribution revenue receivable and is recognised in the Statement of Income
and Retained Earnings in the period it is contractually due.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

THE HIVE ENTERPRISES SERIES 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on animation production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

2.6

Debtors

Short term debtors are measured at transaction price, 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.

2.8

Creditors

Short term creditors are measured at the transaction price.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Debtors

					2024	2023
					£	£


Trade debtors	13,442	5,491
Other debtors	596	258
Prepayments and accrued income	17,642	22,366
Tax recoverable	-	(515)
	31,680	27,600

Page 3

THE HIVE ENTERPRISES SERIES 2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	1,148	6,608
Other creditors	-	167
Accruals and deferred income	16,944	21,009
	18,092	27,784

6.	Controlling party

Throughout the current and preceding year, the company was under the control of D Willing, a director of the company.

Page 4