Hivve Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06949326

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		682,775		739,967
Tangible Assets	5		935		1,596

			683,710		741,563
CURRENT ASSETS
Debtors	6	399,798		471,519
Cash at bank and in hand		10,915		6,828

		410,713		478,347
Creditors: Amounts Falling Due Within One Year	7	(724,890 )		(724,749 )

NET CURRENT ASSETS (LIABILITIES)			(314,177 )		(246,402 )

TOTAL ASSETS LESS CURRENT LIABILITIES			369,533		495,161

Creditors: Amounts Falling Due After More Than One Year	8		(25,741 )		(98,657 )

NET ASSETS			343,792		396,504

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			343,692		396,404

SHAREHOLDERS' FUNDS			343,792		396,504

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Hivve Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Laura Tucker

Director

12/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Hivve Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06949326 . The registered office is Albany House, Georgian Heights, Bourne End,England, SL8 5NJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs - over 5 years

2.4. Research and Development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% on Cost

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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Hivve Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	6	5

	6	5

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 April 2024	1,907,112
Additions	37,391

As at 31 March 2025	1,944,503

Amortisation
As at 1 April 2024	1,167,145
Impairment losses	94,583

As at 31 March 2025	1,261,728

Net Book Value
As at 31 March 2025	682,775

As at 1 April 2024	739,967

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	22,597
Additions	1,333

As at 31 March 2025	23,930

Depreciation
As at 1 April 2024	21,001
Provided during the period	1,994

As at 31 March 2025	22,995

Net Book Value
As at 31 March 2025	935

As at 1 April 2024	1,596

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Hivve Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	81,896	96,530
Prepayments and accrued income	22,067	21,748
Other debtors	295,637	288,273
Corporation tax recoverable assets	-	61,246
Director's loan account	198	3,722

	399,798	471,519

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	73,375	71,524
Bank loans and overdrafts	22,119	56,227
Other taxes and social security	93,852	93,533
VAT	8,629	66,153
Net wages	39,695	39,695
Other creditors	294,075	156,168
Pension Payable	2,080	2,409
Accruals and deferred income	191,065	239,040

	724,890	724,749

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	19,743	52,153
Other creditors	5,998	37,975
Directors loan account	-	8,529

	25,741	98,657

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

Vertigo Ventures Australia Pty Ltd:
Included within 'Other Debtors' the amount of £283,904.73 (In 2024 Receivable:£280,708.96) owed from Vertigo Ventures Australia Pty Ltd.

Hivve Group Ltd:

Included within 'Other Debtors' the amount of £173 (In 2024 Payable:£588) owed from Hivve Group Ltd.

Vertigo Ventures BG (Hivve Bulgaria):

Included within 'Other Debtors' the amount of £11,404.66 (In 2024 Receiable:£7,563.87) owed from Vertigo Ventures BG (Hivve Bulgaria).

Vertigo Ventures SG:

Included within 'Other Creditors' the amount of £231,986.74 (In 2024 Payable:£49,001.54) owed to Vertigo Ventures SG.

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Hivve Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Ultimate Controlling Party

The company's ultimate controlling party is Hivve Group Ltd by virtue of his ownership of 100% of the issued share capital in this company. And Laura Fay Tucker is also the ultimate control person with major shareholding of Hivve Group Ltd.

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