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Company Registration No. 13700136 (England and Wales)
HI MARINE COMPANY LIMITED Unaudited accounts for the year ended 31 October 2025
HI MARINE COMPANY LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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HI MARINE COMPANY LIMITED Company Information for the year ended 31 October 2025
Director
Olga Perevarukha
Company Number
13700136 (England and Wales)
Registered Office
167-169 Great Portland Street 5th Floor London W1W 5PF United Kingdom
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HI MARINE COMPANY LIMITED Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
4,181
1,679
Current assets
Inventories
40,130
-
Debtors
5
725
6,134
Cash at bank and in hand
6,242
1,585
47,097
7,719
Creditors: amounts falling due within one year
6
(29,136)
(7,344)
Net current assets
17,961
375
Net assets
22,142
2,054
Capital and reserves
Called up share capital
7
50,000
50,000
Profit and loss account
(27,858)
(47,946)
Shareholders' funds
22,142
2,054
For the year ending 31 October 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 23 July 2026 and were signed on its behalf by
Olga Perevarukha Director Company Registration No. 13700136
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HI MARINE COMPANY LIMITED Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
HI MARINE COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13700136. The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
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.
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HI MARINE COMPANY LIMITED Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 November 2024
2,498
Additions
3,420
At 31 October 2025
5,918
Depreciation
At 1 November 2024
819
Charge for the year
918
At 31 October 2025
1,737
Net book value
At 31 October 2025
4,181
At 31 October 2024
1,679
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
725
6,134
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
16,825
7,344
Accruals
12,311
-
29,136
7,344
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
50,000 Ordinary shares of £1 each
50,000
50,000
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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