The Hive London Group Limited - Accounts to registrar (filleted) - small 18.2
The Hive London Group Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2020 |
FOR |
THE HIVE LONDON GROUP LIMITED |
THE HIVE LONDON GROUP LIMITED (REGISTERED NUMBER: 08120153) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2020 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
THE HIVE LONDON GROUP LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2020 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
INDEPENDENT AUDITORS: |
Chartered Accountants & Statutory Auditors |
1 Kings Avenue |
London |
N21 3NA |
THE HIVE LONDON GROUP LIMITED (REGISTERED NUMBER: 08120153) |
STATEMENT OF FINANCIAL POSITION |
30 JUNE 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
THE HIVE LONDON GROUP LIMITED (REGISTERED NUMBER: 08120153) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2020 |
1. | STATUTORY INFORMATION |
The Hive London Group Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The directors regard the foreseeable future as no less than twelve months following the publication of its annual financial statements. The directors have considered the company's balance sheet position as at the year end, its working capital forecasts, the current COVID19 crisis and projections, taking account of reasonably possible changes in trading performance and the current state of its operating market, and are satisfied that the company's financial position is improving and will enable the company to remain in operational existence. In addition, the directors and shareholders have agreed to provide continuing financial support as and when required to enable the company to continue in operational existence. Accordingly, they have adopted going concern basis in preparing these financial statements. |
Preparation of consolidated financial statements |
The financial statements contain information about The Hive London Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, The Hive London Holdings Limited, 1 Kings Avenue, London, United Kingdom, N21 3NA. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
THE HIVE LONDON GROUP LIMITED (REGISTERED NUMBER: 08120153) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2020 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2019 |
and 30 June 2020 |
NET BOOK VALUE |
At 30 June 2020 |
At 30 June 2019 |
The company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA |
Nature of business: |
% |
Class of shares: | holding |
2020 | 2019 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA |
Nature of business: |
% |
Class of shares: | holding |
2020 | 2019 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA |
Nature of business: |
% |
Class of shares: | holding |
2020 | 2019 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
THE HIVE LONDON GROUP LIMITED (REGISTERED NUMBER: 08120153) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2020 |
4. | FIXED ASSET INVESTMENTS - continued |
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA |
Nature of business: |
% |
Class of shares: | holding |
2020 | 2019 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA |
Nature of business: |
% |
Class of shares: | holding |
2020 | 2019 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA |
Nature of business: |
% |
Class of shares: | holding |
2020 | 2019 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA |
Nature of business: |
% |
Class of shares: | holding |
2020 | 2019 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA |
Nature of business: |
% |
Class of shares: | holding |
2020 | 2019 |
£ | £ |
Aggregate capital and reserves |
(Loss)/profit for the year | ( |
) |
THE HIVE LONDON GROUP LIMITED (REGISTERED NUMBER: 08120153) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2020 |
4. | FIXED ASSET INVESTMENTS - continued |
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA |
Nature of business: |
% |
Class of shares: | holding |
2020 | 2019 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: 1 Kings Avenue, London, N21 3NA |
Nature of business: |
% |
Class of shares: | holding |
2020 | 2019 |
£ | £ |
Aggregate capital and reserves |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other creditors |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Amounts owed to group or related undertaking are repayable on demand. |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
The immediate and ultimate parent undertaking is The Hive London Holdings Limited. |