IRIS Accounts Production v25.3.0.601 07300106 Board of Directors Board of Directors 1.3.24 28.2.25 28.2.25 30/6/2025 0 0 false true false false true true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07300106 2024-02-29 07300106 2025-02-28 07300106 2024-03-01 2025-02-28 07300106 2023-02-28 07300106 2023-03-01 2024-02-29 07300106 2024-02-29 07300106 ns15:EnglandWales 2024-03-01 2025-02-28 07300106 ns14:PoundSterling 2024-03-01 2025-02-28 07300106 ns10:Director1 2024-03-01 2025-02-28 07300106 ns10:Director2 2024-03-01 2025-02-28 07300106 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07300106 ns10:SmallEntities 2024-03-01 2025-02-28 07300106 ns10:Audited 2024-03-01 2025-02-28 07300106 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 07300106 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07300106 ns10:FullAccounts 2024-03-01 2025-02-28 07300106 ns10:OrdinaryShareClass1 2024-03-01 2025-02-28 07300106 ns10:Director3 2024-03-01 2025-02-28 07300106 ns10:RegisteredOffice 2024-03-01 2025-02-28 07300106 ns5:CurrentFinancialInstruments 2025-02-28 07300106 ns5:CurrentFinancialInstruments 2024-02-29 07300106 ns5:ShareCapital 2025-02-28 07300106 ns5:ShareCapital 2024-02-29 07300106 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 07300106 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 07300106 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 07300106 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 07300106 ns5:Non-currentFinancialInstruments 2025-02-28 07300106 ns5:Non-currentFinancialInstruments 2024-02-29 07300106 ns5:DeferredTaxation 2024-02-29 07300106 ns5:DeferredTaxation 2024-03-01 2025-02-28 07300106 ns5:DeferredTaxation 2025-02-28 07300106 ns10:OrdinaryShareClass1 2025-02-28

REGISTERED NUMBER: 07300106 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2025

FOR

HIVE STORE LIMITED

| HIVE STORE LIMITED (REGISTERED NUMBER: 07300106) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| HIVE STORE LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | Mr J J Little

| Mr A T Little

| Mrs Y J Stafford

| REGISTERED OFFICE: | 1 Whittle Drive

| Eastbourne

| East Sussex

| BN23 6QH

| REGISTERED NUMBER: | 07300106 (England and Wales)

| INDEPENDENT AUDITORS: | Honey Barrett (Audit) Limited

| Statutory Auditors

| 53 Gildredge Road

| Eastbourne

| East Sussex

| BN21 4SF

| HIVE STORE LIMITED (REGISTERED NUMBER: 07300106) |

BALANCE SHEET

28 FEBRUARY 2025

| 2025 |  | 2024

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 6 | 85,015 |  | 53,127 |  |

Cash at bank | 480,173 |  | 448,941 |  |

565,188 |  | 502,068 |  |

CREDITORS

Amounts falling due within one year | 7 | 188,267 |  | 171,961 |  |

NET CURRENT ASSETS | 376,921 |  | 330,107 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 376,921 |  | 330,107 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100,000 |  | 100,000 |  |

Retained earnings | 276,921 |  | 230,107 |  |

SHAREHOLDERS' FUNDS | 376,921 |  | 330,107 |  |

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by:

Mr J J Little - Director

Mr A T Little - Director

| HIVE STORE LIMITED (REGISTERED NUMBER: 07300106) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Hive Store 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has the adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover

| Turnover represents the invoiced value of books and entertainment sold during the year. Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

| Revenue from the sale of goods is recognised when significant risks and rewards of ownership have transferred to the buyer, which is considered to be on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| HIVE STORE LIMITED (REGISTERED NUMBER: 07300106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, and loans to / from related parties.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

| If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

| Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

| HIVE STORE LIMITED (REGISTERED NUMBER: 07300106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

3. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

5. | AUDITORS' REMUNERATION

| 2025 |  | 2024

£ | £ |

| Fees payable to the company's auditors for the audit of the company's financial statements | 6,880 |  | 6,550 |  |

6. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 45,378 |  | 12,902 |  |

| VAT | 28,165 |  | 25,888 |  |

| Prepayments & accrued income | 1,591 |  | 2,286 |  |

75,134 |  | 41,076 |  |

| HIVE STORE LIMITED (REGISTERED NUMBER: 07300106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

6. | DEBTORS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due after more than one year:

| Deferred tax asset

| Accelerated capital allowances | 9,881 |  | 12,051 |  |

9,881 |  | 12,051 |  |

| Aggregate amounts | 85,015 |  | 53,127 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 8,243 |  | 7,276 |  |

| Amounts owed to group undertakings | 127,537 |  | 114,137 |  |

| Corporation tax | 15,102 |  | 10,686 |  |

| Accruals and deferred income | 37,385 |  | 39,862 |  |

188,267 |  | 171,961 |  |

8. | DEFERRED TAX

£ |

| Balance at 1 March 2024 | (12,051 | ) |

| Provided during year | 2,170 |  |

| Deferred tax |

| Balance at 28 February 2025 | (9,881 | ) |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100,000 | Ordinary | £1 | 100,000 |  | 100,000 |  |

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

| The Report of the Auditors was unqualified.

| Louise Underdown ACA (Senior Statutory Auditor)

| for and on behalf of Honey Barrett (Audit) Limited

| HIVE STORE LIMITED (REGISTERED NUMBER: 07300106) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

11. | RELATED PARTY DISCLOSURES

| Related companies

| Other trading companies within The Little Group are:

| Askews and Holts Library Services Ltd

| A T Little and Sons Limited

| Book Protectors and Co. Limited

| Gardners Books Limited

| Lasgo Chrysalis Limited

| All Media Supply LLC

| Gardners EU SAS

| Baker & Taylor (UK) Ltd

| Gardners US LLC

| All the above companies are wholly owned subsidiaries of The Little Group Limited at 28 February 2025.

| The company has taken advantage of the exemption conferred by Section 1 FRS102 from disclosing transactions covered by Section 33 FRS102, namely any entered into between two or more members of the group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

12. | ULTIMATE CONTROLLING PARTY

| The ultimate parent company of Hive Store Limited is The Little Group Limited.

| The smallest and largest group into which Hive Store Ltd is consolidated is that of The Little Group Limited, the ultimate parent company. The Little Group Limited is a company registered in the United Kingdom, with a registered office of 1 Whittle Drive, Eastbourne, BN23 6QH. Its group financial statements can be obtained from Companies House, Crown Way, Cardiff.

| The directors consider that the Little family possess ultimate control of the company.