Company Registration No. 4710372 (England and Wales)
HITT OAK LIMITED
Unaudited accounts
for the year ended 31 March 2025
HITT OAK LIMITED
Unaudited accounts
Contents
HITT OAK LIMITED
Company Information
for the year ended 31 March 2025
Company Number
4710372 (England and Wales)
Registered Office
48 BEECHCROFT ROAD
BUSHEY
HERTS
WD23 2JU
UK
Accountants
Fielding Accountancy Services Ltd
48 Beechcroft Road
Bushey
Herts
WD23 2JU
HITT OAK LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
42,667
51,617
Investment property
832,505
827,560
Inventories
114,893
101,447
Cash at bank and in hand
199,053
222,720
Creditors: amounts falling due within one year
(192,645)
(241,697)
Net current assets
233,222
266,170
Total assets less current liabilities
1,108,394
1,145,347
Creditors: amounts falling due after more than one year
(1,411)
(11,132)
Provisions for liabilities
Deferred tax
(10,667)
(12,904)
Net assets
1,096,316
1,121,311
Called up share capital
100
100
Profit and loss account
1,096,216
1,121,211
Shareholders' funds
1,096,316
1,121,311
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 December 2025 and were signed on its behalf by
Mr Z. Hitas
Director
Company Registration No. 4710372
HITT OAK LIMITED
Notes to the Accounts
for the year ended 31 March 2025
HITT OAK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 4710372. The registered office is 48 BEECHCROFT ROAD, BUSHEY, HERTS, WD23 2JU, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its Directors and employees. Contributions payable are recognised in the profit and loss account when due.
HITT OAK LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
58,328
63,850
5,782
127,960
At 31 March 2025
58,649
63,850
5,782
128,281
At 1 April 2024
46,806
24,478
5,059
76,343
Charge for the year
2,353
6,774
144
9,271
At 31 March 2025
49,159
31,252
5,203
85,614
At 31 March 2025
9,490
32,598
579
42,667
At 31 March 2024
11,522
39,372
723
51,617
Fair value at 1 April 2024
827,560
In a previous year 2020, the company had purchased an 'off-plan' property in Spain as an investment. This property was completed during the year 2021, with the costs and capitalised expenses included at the appropriate rate of exchange. No revaluation is considered necessary. 2 Properties in Lithuania had been purchased during 2021/2022 with capitalised costs of £102905. During 2025 the company spent a further £4945 on capitalised improvement works to the Lithuanian properties. The investment properties have therefore been shown, as at 31 03 2025 at the total capitalised costs to date of £832505
The investment properties continue to be shown at their original cost plus capitalised expenses, being included at the appropriate rate of exchange. No revaluation is considered necessary as yet by the Director, and so the investment properties are shown at historic cost to date.
Amounts falling due within one year
Trade debtors
106,921
173,236
Accrued income and prepayments
-
5,464
HITT OAK LIMITED
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
14,071
20,029
Trade creditors
10,676
13,296
Taxes and social security
10,077
44,607
Other creditors
85,163
91,573
Loans from directors
72,658
72,192
8
Creditors: amounts falling due after more than one year
2025
2024
The Creditor over one year comprises the Bounce Back Loan received under the Government Job Retention Scheme.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
Dividends paid during the year £80000 (2024 £80000) to the shareholders including £40000 to the Director.
11
Average number of employees
During the year the average number of employees was 8 (2024: 8).