Hive Insurance Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03179382 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2025

for

Hive Insurance Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P W Taylor

Mr I Y Lam

SECRETARY:

Mr P W Taylor

REGISTERED OFFICE:

Ground Floor Unit 4

Almondsbury Business Centre

Bradley Stoke

Bristol

Gloucestershire

BS32 4QH

REGISTERED NUMBER:

03179382 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Intangible assets

4

9,833

-

Tangible assets

5

149,984

184,511

Investments

6

58,559

218,376

243,070

CURRENT ASSETS

Debtors

7

823,716

538,198

Cash at bank

406,801

433,464

1,230,517

971,662

CREDITORS

Amounts falling due within one year

8

627,666

500,328

NET CURRENT ASSETS

602,851

471,334

TOTAL ASSETS LESS CURRENT LIABILITIES

821,227

714,404

PROVISIONS FOR LIABILITIES

34,254

42,935

NET ASSETS

786,973

671,469

CAPITAL AND RESERVES

Called up share capital

11

50,000

Retained earnings

736,973

621,469

SHAREHOLDERS' FUNDS

786,973

671,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st July 2026 and were signed on its behalf by:

Mr P W Taylor - Director

Mr I Y Lam - Director

1.	STATUTORY INFORMATION

Hive Insurance Services 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are presented in sterling (£), which is the functional currency of the company.

Preparation of consolidated financial statements

The financial statements contain information about Hive Insurance Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty

The directors consider that there are no critical judgements or key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales-related taxes. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a client list in 2025, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33.33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

COST

At 1st January 2025

-

43,506

Additions

10,000

-

10,000

At 31st December 2025

10,000

43,506

53,506

AMORTISATION

At 1st January 2025

-

43,506

Amortisation for year

167

-

167

At 31st December 2025

167

43,506

43,673

NET BOOK VALUE

At 31st December 2025

9,833

-

9,833

At 31st December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1st January 2025

30,456

12,224

180,000

222,680

Additions

2,475

1,190

-

3,665

At 31st December 2025

32,931

13,414

180,000

226,345

DEPRECIATION

At 1st January 2025

27,101

8,068

3,000

38,169

Charge for year

1,172

1,020

36,000

38,192

At 31st December 2025

28,273

9,088

39,000

76,361

NET BOOK VALUE

At 31st December 2025

4,658

4,326

141,000

149,984

At 31st December 2024

3,355

4,156

177,000

184,511

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2025

and 31st December 2025

58,559

NET BOOK VALUE

At 31st December 2025

58,559

At 31st December 2024

58,559

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

143,649

129,415

Amounts owed by group undertakings

283,804

92,447

Directors' current accounts

3,101

Prepayments

393,162

313,235

823,716

538,198

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

43,238

64,895

Tax

77,728

23,699

Social security and other taxes

22,523

16,062

Other creditors

32,250

11,639

Accruals and deferred income

451,927

384,033

627,666

500,328

9.	SECURED DEBTS

The Company had no secured liabilities at the balance sheet date.

10.	FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

50,000

Ordinary

£1

50,000

12.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme.

The scheme and its assets are held by independent managers.

The pension charge represents contributions due from the company and amounted to £22,325 (2024 - £31,154).

Contributions outstanding as at the period end amounted to £4,514 (2024 - £3,709).

13.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

14.	OTHER FINANCIAL COMMITMENTS

The company leases certain assets which do not appear on the balance sheet, classed as 'operating leases'.

The total aggregate payment covering operating leases from the balance sheet date up to the expected completion of all operating leases is £32,974 (2024 - £47,208).

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2025 and 31st December 2024:

31.12.25

31.12.24

£

Mr I Y Lam

Balance outstanding at start of year

3,101

2,584

Amounts advanced

-

517

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,101

The director has confirmed that the loan will be repaid within 9 months of the year end.

The balance is interest free and repayable on demand.

16.	RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with its wholly owned subsidiary, Hive Insurance Services DAC.

Management fees of £72,000 (2024: £nil) were charged during the year. In addition, other transactions totalling £110,618 (2024: £nil) were undertaken.

At 31 December 2025, the amount due from Hive Insurance Services DAC was £182,618 (2024: £nil). The balance is interest free and repayable on demand.

All transactions were undertaken on normal commercial terms.

17.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Hive Protect Group Ltd, incorporated in England and Wales.

There is no ultimate controlling party, as no individual shareholder or entity exercises control over Hive Protect Group Ltd.

18.	CASH & CASH EQUIVALENTS

Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Cash and cash equivalents consist solely of balances held in the Company's bank current account. The Company does not hold any short-term investments and does not operate an overdraft facility.

19.	WHOLLY OWNED SUBSIDIARIES

The company holds 100% of the issued share capital of the following subsidiary undertaking:

Name: Hive Insurance Services DAC

Country of incorporation and principal place of business: Republic of Ireland

Class of shares held: Ordinary shares

Proportion of ownership and voting rights: 100%

The company is exempt from the requirement to prepare consolidated financial statements by virtue of section 399 of the Companies Act 2006.

Investments in subsidiaries are stated at cost less impairment.

The carrying value of the investment at 31 December 2025 was £58,559 (2024: £58,559).

20.	POST BALANCE SHEET EVENTS

There have been no events after the balance sheet date affecting the Company since the financial period.

21.	GOING CONCERN

The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.