Hive Underwriting Limited

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

Registered number: 10965097

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1		1

			1		1
CURRENT ASSETS
Cash at bank and in hand		11,505		11,599

		11,505		11,599
Creditors: Amounts Falling Due Within One Year	5	(11 )		(105 )

NET CURRENT ASSETS (LIABILITIES)			11,494		11,494

TOTAL ASSETS LESS CURRENT LIABILITIES			11,495		11,495

NET ASSETS			11,495		11,495

CAPITAL AND RESERVES
Called up share capital	6		100		100
Share premium account			1,695		1,695
Income Statement			9,700		9,700

SHAREHOLDERS' FUNDS			11,495		11,495

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 2 to 3 form part of these financial statements.

1. General Information

Hive Underwriting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10965097 . 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.

The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

Presentational Currency

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

2.2. 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 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

2.3. Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2024	1

As at 31 March 2025	1

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1

As at 1 April 2024	1

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Hive Underwriting Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Hive Underwriters Limited (formerly Hive Aero Limited)

Registered office: 69 Leadenhall Street, London EC3A 2BG

Nature of business: Aviation insurance

Class of shares: Holding
1.00 Ordinary £1 Share

	2025	2024
	£	£
Aggregate capital and reserves	5,084,108	2,049,502
Profit for the year	5,034,606	1,872,969

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Amounts owed to group undertaking	11	105

6. Share Capital

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

7. Related Party Transactions

During the year, total dividends of £2,000,000 (2024 - £1,000,000) were paid to the directors.

8. Ultimate Controlling Party

The ultimate controlling party is B A Carman.

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