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REGISTERED NUMBER: 12075791 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

HEADSTART AVIATION LIMITED

HEADSTART AVIATION LIMITED (REGISTERED NUMBER: 12075791)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEADSTART AVIATION LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTORS: M K Durkin
Mrs S L Johnstone-Lee





REGISTERED OFFICE: 1 High Street
Sutton
Surrey
SM1 1DF





REGISTERED NUMBER: 12075791 (England and Wales)





ACCOUNTANTS: Owadally & King
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

HEADSTART AVIATION LIMITED (REGISTERED NUMBER: 12075791)

Balance Sheet
30 NOVEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 4 307 100
Cash at bank 1,821 3,023
2,128 3,123
CREDITORS
Amounts falling due within one year 5 18,672 18,606
NET CURRENT LIABILITIES (16,544 ) (15,483 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,544

)

(15,483

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,644 ) (15,583 )
(16,544 ) (15,483 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 18 August 2022 and were signed on its behalf by:





Mrs S L Johnstone-Lee - Director


HEADSTART AVIATION LIMITED (REGISTERED NUMBER: 12075791)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2021


1. STATUTORY INFORMATION

Headstart Aviation 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.

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 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.

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.

Going concern
The directors consider the use of the going concern basis of accounting is appropriate because they are supporting the company financially through their associate company and there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

HEADSTART AVIATION LIMITED (REGISTERED NUMBER: 12075791)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 307 100

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security - 1,074
Other creditors 18,672 17,532
18,672 18,606

6. RELATED PARTY DISCLOSURES

Headstart Employment Ltd (where S L Johnstone-Lee is a director and shareholder of)

During the year, Headstart Employment Ltd loaned £1340 (2020: £88,345.75) to the Company.
As at year end, the amount owed to Headstart Employment Ltd is £17,921.89 (2020: £16,581.89).

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S L Johnstone-Lee.