Hive Underwriters Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 10965030

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		18,677		26,176

			18,677		26,176
CURRENT ASSETS
Debtors	5	845,789		1,853,767
Cash at bank and in hand		6,913,927		1,905,442

		7,759,716		3,759,209
Creditors: Amounts Falling Due Within One Year	6	(2,689,616 )		(1,729,339 )

NET CURRENT ASSETS (LIABILITIES)			5,070,100		2,029,870

TOTAL ASSETS LESS CURRENT LIABILITIES			5,088,777		2,056,046

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,669 )		(6,544 )

NET ASSETS			5,084,108		2,049,502

CAPITAL AND RESERVES
Called up share capital	7		1		1
Income Statement			5,084,107		2,049,501

SHAREHOLDERS' FUNDS			5,084,108		2,049,502

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Hive Underwriters Limited

Statement of Financial Position (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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement.

On behalf of the board

Mr B A Carman

Director

08/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hive Underwriters Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10965030 . The registered office is 69 Leadenhall Street, London, EC3A 2BG.

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.

Presentational Currency

The accounts are presented in and rounded to the nearest £1 sterling.

2.2. Turnover

Turnover represents commission arising on the sale of insurance contracts.

Commission is recognised when the company's contractual right to such income is established and to the extent that the company's relevant obligations under the contract have been performed.

2.3. 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:

Leasehold	In accordance with the property
Motor Vehicles	0% Stright Line
Computer Equipment	25% Stright Line

2.4. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.5. Foreign Currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.6. 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 fromthose 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.

2.7. Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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Hive Underwriters Limited

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: 17 (2024: 14)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	4,883	208	75,141	80,232
Additions	-	-	8,698	8,698

As at 31 March 2025	4,883	208	83,839	88,930

Depreciation
As at 1 April 2024	4,883	-	49,173	54,056
Provided during the period	-	-	16,197	16,197

As at 31 March 2025	4,883	-	65,370	70,253

Net Book Value
As at 31 March 2025	-	208	18,469	18,677

As at 1 April 2024	-	208	25,968	26,176

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	644,102	1,453,718
Prepayments and accrued income	76,372	355,967
Other debtors	28,629	21,734
VAT	96,675	22,243
Amounts owed by group undertakings	11	105

	845,789	1,853,767

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	198,130	136,795
Other creditors	96,397	88,192
Taxation and social security	2,395,089	1,504,352

	2,689,616	1,729,339

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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Hive Underwriters Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	-	37,704

	-	37,704

9. Related Party Transactions

During the year, the company received advisory services of £30,000 (2024: £15,000) from D A Strategy Global GmbH, companies of which C R M G Rowley is a Director and shareholder.

10. Ultimate Controlling Party

The ultimate controlling party is B A R Carman.

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