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REGISTERED NUMBER: 07680614 (England and Wales)











Unaudited Financial Statements

for the Year Ended

30 June 2024

for

Higher Oak Limited

Higher Oak Limited (Registered number: 07680614)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Higher Oak Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: KF Robertson





REGISTERED OFFICE: 14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT





REGISTERED NUMBER: 07680614 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

Higher Oak Limited (Registered number: 07680614)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 360,357 267,608

CURRENT ASSETS
Stocks 15,205 14,817
Debtors 5 13,309 6,482
Cash at bank and in hand 5,744 10,481
34,258 31,780
CREDITORS
Amounts falling due within one year 6 311,471 178,997
NET CURRENT LIABILITIES (277,213 ) (147,217 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,144

120,391

PROVISIONS FOR LIABILITIES 7 32,042 24,780
NET ASSETS 51,102 95,611

CAPITAL AND RESERVES
Called up share capital 8 1,000 102
Retained earnings 9 50,102 95,509
SHAREHOLDERS' FUNDS 51,102 95,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Higher Oak Limited (Registered number: 07680614)

Statement of Financial Position - continued
30 June 2024


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 director and authorised for issue on 14 November 2024 and were signed by:





KF Robertson - Director


Higher Oak Limited (Registered number: 07680614)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Higher Oak 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Higher Oak Limited (Registered number: 07680614)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 137,931 437,284 575,215
Additions 94,256 30,582 124,838
At 30 June 2024 232,187 467,866 700,053
DEPRECIATION
At 1 July 2023 - 307,607 307,607
Charge for year - 32,089 32,089
At 30 June 2024 - 339,696 339,696
NET BOOK VALUE
At 30 June 2024 232,187 128,170 360,357
At 30 June 2023 137,931 129,677 267,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,650 1,153
Other debtors 11,659 5,329
13,309 6,482

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,719 335
Other creditors 309,752 178,662
311,471 178,997

Higher Oak Limited (Registered number: 07680614)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 32,042 24,780

Deferred
tax
£   
Balance at 1 July 2023 24,780
Provided during year 7,262
Balance at 30 June 2024 32,042

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
998 Ordinary £1 998 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1,000 102

898 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

9. RESERVES
Retained
earnings
£   

At 1 July 2023 95,509
Deficit for the year (45,407 )
At 30 June 2024 50,102

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr K Robertson, Ms Charlotte Robertson and Ms Emma Robertson, by virtue of their ownership of 98% of the issued share capital.