REGISTERED NUMBER: 13392952 (England and Wales)

HIVE HUBS 4 LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page

Company Information

1

Report of the Directors

2

Abridged Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr S I J Smith

Mrs E K Smith

REGISTERED OFFICE:

The Management Suite

12-16 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

REGISTERED NUMBER:

13392952 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

The directors present their report with the financial statements of the company for the year ended 31 May 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of multipurpose business centre comprising boutique offices, flexible work and meeting spaces.

REVIEW OF BUSINESS

In late Spring 2023, having completed the restoration of the first, second and third floors of the significant historic property from which this company trades, turnover from offices, coworking and meeting facilities continued to climb during the period of these accounts.

Meanwhile capital expenditure continued to be invested on the ground floor and in the cellar in preparation for the launch of a restaurant and events venue in mid-summer 2025. The capital costs of the project were met from private shareholder funds and not bank debt finance or overdraft facilities demonstrating the continued commitment of the company’s directors and shareholders to the growth of the business; and the desire to maintain clear control of decision making.

As at the date of filing these accounts turnover has accelerated over £0.5 million ahead of business plan and is on track to exceed £1 million by year end May 2027.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2024 to the date of this report.

Mr S I J Smith

Mrs E K Smith

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs E K Smith - Director

25 August 2026

FIXED ASSETS

Tangible assets

4

694,796

621,538

CURRENT ASSETS

Debtors

18,773

13,799

Cash at bank and in hand

13,615

(542

)

32,388

13,257

CREDITORS

Amounts falling due within one year

754,429

683,502

NET CURRENT LIABILITIES

(722,041

)

(670,245

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(27,245

)

(48,707

)

PROVISIONS FOR LIABILITIES

2,148

4,424

NET LIABILITIES

(29,393

)

(53,131

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(29,395

)

(53,133

)

(29,393

)

(53,131

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 August 2026 and were signed on its behalf by:

Mrs E K Smith - Director

1.	STATUTORY INFORMATION

Hive Hubs 4 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of hospitality services. Turnover is recognised according to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the duration of the contract with the period in the year that the service was provided.

Tangible fixed assets

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

Fixtures & fittings

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

630,185

Additions

79,013

At 31 May 2025

709,198

DEPRECIATION

At 1 June 2024

8,647

Charge for year

5,755

At 31 May 2025

14,402

NET BOOK VALUE

At 31 May 2025

694,796

At 31 May 2024

621,538