Company Registration No. 08950110 (England and Wales)
Hive Estates Limited
Unaudited accounts
for the year ended 31 March 2025
Hive Estates Limited
Unaudited accounts
Contents
Hive Estates Limited
Company Information
for the year ended 31 March 2025
Director
Michael James Mortimer
Company Number
08950110 (England and Wales)
Registered Office
Hive Estates
1 Starbeck Avenue
Newcastle upon Tyne
Tyne and Wear
NE2 1RH
England
Accountants
Harris 21 Ltd
The Core
Newcastle Helix
Newcastle Upon Tyne
NE4 5TF
Hive Estates Limited
Statement of financial position
as at 31 March 2025
Tangible assets
24,425
30,744
Investments
224,000
224,000
Cash at bank and in hand
105,940
159,274
Creditors: amounts falling due within one year
(290,531)
(276,237)
Net current assets
177,177
19,105
Total assets less current liabilities
425,602
273,849
Creditors: amounts falling due after more than one year
-
(10,000)
Provisions for liabilities
Net assets
425,602
262,614
Called up share capital
102
102
Profit and loss account
425,500
262,512
Shareholders' funds
425,602
262,614
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2025 and were signed on its behalf by
Michael James Mortimer
Director
Company Registration No. 08950110
Hive Estates Limited
Notes to the Accounts
for the year ended 31 March 2025
Hive Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 08950110. The registered office is Hive Estates, 1 Starbeck Avenue , Newcastle upon Tyne, Tyne and Wear, NE2 1RH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 10 years
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
Straight line over 3 years
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
47,720
5,450
25,653
27,404
106,227
Additions
-
-
129
5,572
5,701
Disposals
-
(2,593)
-
-
(2,593)
At 31 March 2025
47,720
2,857
25,782
32,976
109,335
At 1 April 2024
34,995
1,920
16,527
22,041
75,483
Charge for the year
4,772
234
1,390
3,031
9,427
At 31 March 2025
39,767
2,154
17,917
25,072
84,910
At 31 March 2025
7,953
703
7,865
7,904
24,425
At 31 March 2024
12,725
3,530
9,126
5,363
30,744
Hive Estates Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Investments
Subsidiary undertakings
Valuation at 1 April 2024
224,000
Valuation at 31 March 2025
224,000
Amounts falling due within one year
Trade debtors
174,670
90,633
Accrued income and prepayments
106,034
25,514
Other debtors
80,719
19,921
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
43,613
27,500
Trade creditors
18,690
21,874
Amounts owed to group undertakings and other participating interests
23,188
-
Taxes and social security
141,373
105,661
Loans from directors
-
64,495
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 16 (2024: 13).