REGISTERED NUMBER: 08628422 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HISTORIT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C Morgan

Mr D Geoghegan

REGISTERED OFFICE:

Bicester Motion

Building 123

Buckingham Road

Bicester

Oxfordshire

OX27 8AL

REGISTERED NUMBER:

08628422 (England and Wales)

AUDITORS:

Bronsens

Statutory Auditor

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

12,555

16,286

CURRENT ASSETS

Debtors

5

176,055

127,416

Cash at bank

104,943

105,572

280,998

232,988

CREDITORS

Amounts falling due within one year

6

145,253

421,619

NET CURRENT ASSETS/(LIABILITIES)

135,745

(188,631

)

TOTAL ASSETS LESS CURRENT LIABILITIES

148,300

(172,345

)

CREDITORS

Amounts falling due after more than one year

7

864,225

414,109

NET LIABILITIES

(715,925

)

(586,454

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(716,025

)

(586,554

)

SHAREHOLDERS' FUNDS

(715,925

)

(586,454

)

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 3 November 2025 and were signed on its behalf by:

Mr D Geoghegan - Director

1.	STATUTORY INFORMATION

Historit 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 have been prepared on a going concern basis on the understanding that the company has received assurances of support from its parent company Bicester Motion Holdings Limited, and its ultimate controlling party Bicester Motion Limited.

Related party exemption

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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Turnover is recognised as it falls due under the contractual arrangements of the agreement.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on cost and 25% on reducing balance

Computer equipment

-

25% 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 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 4 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

46,377

34,834

6,049

87,260

Additions

-

-

391

391

At 31 March 2025

46,377

34,834

6,440

87,651

DEPRECIATION

At 1 April 2024

37,862

28,981

4,131

70,974

Charge for year

2,132

1,462

528

4,122

At 31 March 2025

39,994

30,443

4,659

75,096

NET BOOK VALUE

At 31 March 2025

6,383

4,391

1,781

12,555

At 31 March 2024

8,515

5,853

1,918

16,286

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

47,643

42,454

Deferred tax asset

113,393

70,235

Prepayments and accrued income

14,767

14,727

175,803

127,416

Amounts falling due after more than one year:

Amounts owed by group undertakings

252

-

Aggregate amounts

176,055

127,416

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

6,105

6,264

Amounts owed to group undertakings

-

193,638

Social security and other taxes

3,088

3,780

VAT

28,006

92,643

Other creditors

1,075

-

Accruals and deferred income

96,979

115,294

145,253

421,619

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

2,500

10,000

Bank loans - 2-5 years

-

2,500

Amounts owed to group undertakings

861,725

401,609

864,225

414,109

8.	DEFERRED TAX

£

Balance at 1 April 2024

(70,235

)

Provided during year

(933

)

Deferred tax asset on losses

(42,225

)

Balance at 31 March 2025

(113,393

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Burton BSc FCA (Senior Statutory Auditor)

for and on behalf of Bronsens

11.	PENSION COMMITMENTS

The company operates a money purchase (defined contribution) pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,221 (2024 - £4,501). At 31 March 2025 the sum of £NIL (2024 - £NIL) is included in other creditors in respect of these transactions.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Bicester Motion Holdings Limited.

The ultimate controlling party is Bicester Motion Limited.

Bicester Motion Limited prepares consolidated financial statements for the group. The registered office is Bicester Motion, Building 123, Buckingham Road, Bicester, Oxfordshire, OX27 8AL.