Registered number
09594598
O'Hagan Transportation Limited
Filleted Accounts
31 October 2025
O'Hagan Transportation Limited
Registered number: 09594598
Balance Sheet
as at 31 October 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 519,158 699,267
Current assets
Debtors 4 2,583,801 2,932,456
Cash at bank and in hand 77,954 45,476
2,661,755 2,977,932
Creditors: amounts falling due within one year 5 (176,438) (569,892)
Net current assets 2,485,317 2,408,040
Total assets less current liabilities 3,004,475 3,107,307
Creditors: amounts falling due after more than one year 6 (1,991,960) (1,991,960)
Provisions for liabilities (26,198) (55,966)
Net assets 986,317 1,059,381
Capital and reserves
Called up share capital 1 1
Profit and loss account 986,316 1,059,380
Shareholder's funds 986,317 1,059,381
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S N O'Hagan, Esq
Director
Approved by the board on 29 July 2026
O'Hagan Transportation Limited
Notes to the Accounts
for the year ended 31 October 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract, which is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differencewhere the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2024 1,332,668
Additions 108,033
Disposals (62,000)
At 31 October 2025 1,378,701
Depreciation
At 1 November 2024 633,401
Charge for the year 275,742
On disposals (49,600)
At 31 October 2025 859,543
Net book value
At 31 October 2025 519,158
At 31 October 2024 699,267
4 Debtors 2025 2024
£ £
Amounts owed by related parties 2,548,600 2,915,522
Other debtors 35,201 16,934
2,583,801 2,932,456
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors - 103,376
Amounts owed to related parties 116,800 116,800
Taxation and social security costs 453 293,531
Other creditors 59,185 56,185
176,438 569,892
6 Creditors: amounts falling due after one year 2025 2024
£ £
Provision for repairs 1,991,960 1,991,960
Included in creditors is £28,185 (2024: £28,185) owing to the director. The loan is interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits.
Other creditors includes a provision for future vehicle repairs to the fixed assets of the company.
7 Events after the reporting date
8 Provisions for liabilities 2025 2024
£ £
Deferred taxation
At 1 November 2024 55,966 25,010
(Decrease)/ Increase in provision (29,768) 30,956
At 31 October 2025 26,198 55,966
9 Related party transactions 2025 2024
£ £
O'Hagan Transport Limited
O'Hagan Transport Limited is controlled by S N O'Hagan, Esq, the director and shareholder of O'Hagan Transportation Limited
Amount due from/ (to) the related party 2,195,949 2,562,871
During the year, a management fee of £250,000 (2024:£75.000) was charged by O'Hagan Transport Limited
Darra Bridge Holdings (Eire)
Darra Bridge Holdings is controlled by S N O'Hagan, Esq, the director and shareholder of O'Hagan Transportation Limited
Amount due from (to) the related party 100,000 100,000
Speedy Building Ltd
Speedy Building Ltd is controlled by S N O'Hagan, Esq, the director and shareholder of O'Hagan Transportation Limited
Amount due from the related party 252,651 252,651
During the year, a management fee of £0 (2024:£100,000) was charged to Speedy Building Ltd.
Gilroz Ltd
Gilroz Ltd is controlled by S N O'Hagan, Esq, the director and shareholder of O'Hagan
Transportation Limited
Amount due from (to) the related party (116,800) (116,800)
10 Controlling party
The company is controlled by the director who owns the entire share capital of the company.
11 Other information
O'Hagan Transportation Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
Manor Way
Borehamwood
Hertfordshire
WD6 1QQ
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