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REGISTERED NUMBER: 12569406 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE BICESTER AERODROME COMPANY LIMITED

THE BICESTER AERODROME COMPANY LIMITED (REGISTERED NUMBER: 12569406)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE BICESTER AERODROME COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr D Geoghegan
Mr C Morgan





REGISTERED OFFICE: Building 123
The Station Armoury
Bicester Heritage
Bicester
Oxfordshire
OX26 5HA





REGISTERED NUMBER: 12569406 (England and Wales)





AUDITORS: Bronsens
Statutory Auditor
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

THE BICESTER AERODROME COMPANY LIMITED (REGISTERED NUMBER: 12569406)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,951 1,476

CURRENT ASSETS
Stocks 5,492 2,000
Debtors 5 99,906 151,945
105,398 153,945
CREDITORS
Amounts falling due within one year 6 42,724 51,152
NET CURRENT ASSETS 62,674 102,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,625

104,269

CREDITORS
Amounts falling due after more than one
year

7

(213,654

)

(147,584

)

PROVISIONS FOR LIABILITIES 8 - (280 )
NET LIABILITIES (99,029 ) (43,595 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (99,030 ) (43,596 )
SHAREHOLDERS' FUNDS (99,029 ) (43,595 )

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 13 October 2023 and were signed on its behalf by:





Mr D Geoghegan - Director


THE BICESTER AERODROME COMPANY LIMITED (REGISTERED NUMBER: 12569406)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

The Bicester Aerodrome Company 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 presentation currency of the financial statements is the Pound Sterling (£).


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 Limited.

Turnover
Turnover represents invoiced operational income from the aerodrome plus storage fees.

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 reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

THE BICESTER AERODROME COMPANY LIMITED (REGISTERED NUMBER: 12569406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 - 2,304 2,304
Additions 67,792 - 67,792
At 31 March 2023 67,792 2,304 70,096
DEPRECIATION
At 1 April 2022 - 828 828
Charge for year 16,948 369 17,317
At 31 March 2023 16,948 1,197 18,145
NET BOOK VALUE
At 31 March 2023 50,844 1,107 51,951
At 31 March 2022 - 1,476 1,476

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 1,419 2,464
VAT 32,470 24,702
Deferred tax asset 17,493 -
Prepayments 1,406 65,815
52,788 92,981

Amounts falling due after more than one year:
Amounts owed by group undertakings 47,118 58,964

Aggregate amounts 99,906 151,945

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 21,938 21,803
Trade creditors 4,220 23,187
Deferred income 14,316 902
Accrued expenses 2,250 5,260
42,724 51,152

THE BICESTER AERODROME COMPANY LIMITED (REGISTERED NUMBER: 12569406)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 20,110 41,789
Amounts owed to group undertakings 193,544 105,795
213,654 147,584

8. PROVISIONS FOR LIABILITIES
31.3.22
£   
Deferred tax
Accelerated capital allowances 280

Deferred
tax
£   
Balance at 1 April 2022 280
Provided during year 9,591
Deferred tax asset re losses (27,364 )
Balance at 31 March 2023 (17,493 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

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. ULTIMATE CONTROLLING PARTY

The controlling party is Bicester Motion Limited.

Bicester Motion Limited prepared consolidated financial statements for the group. The office is Bicester Heritage, Buckingham Road, Bicester, Oxfordshire, OX27 8AL.