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REGISTERED NUMBER: 01196277 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Mona Aviation Limited

Mona Aviation Limited (Registered number: 01196277)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mona Aviation Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: D Frankland
A Cheshire
N Musgrave
M Salisbury
T D O'Brien
P D Wright
B M Diggins
M G Bartlett





SECRETARY: M Salisbury





REGISTERED OFFICE: RAF Mona
Gwalchmai
Anglesey
LL65 4RW





REGISTERED NUMBER: 01196277 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

Mona Aviation Limited (Registered number: 01196277)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,670 6,480

CURRENT ASSETS
Stocks 1,268 1,319
Debtors 5 272 6,490
Cash at bank 48,749 34,649
50,289 42,458
CREDITORS
Amounts falling due within one year 6 31,916 25,882
NET CURRENT ASSETS 18,373 16,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,043

23,056

RESERVES
Revaluation reserve 7 45,757 45,757
Income and expenditure account (21,714 ) (22,701 )
24,043 23,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 surplus or deficit 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 26th November 2023 and were signed on its behalf by:





D Frankland - Director


Mona Aviation Limited (Registered number: 01196277)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Mona Aviation Limited is a private company, limited by guarantee , 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.

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 etc - 20% on cost and 12.5% 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.

3. EMPLOYEES AND DIRECTORS

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

Mona Aviation Limited (Registered number: 01196277)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 5,030 46,615 51,645
DEPRECIATION
At 1st April 2022 5,030 40,135 45,165
Charge for year - 810 810
At 31st March 2023 5,030 40,945 45,975
NET BOOK VALUE
At 31st March 2023 - 5,670 5,670
At 31st March 2022 - 6,480 6,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 272 -
Other debtors - 6,490
272 6,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 13 5,484
Taxation and social security 572 398
Other creditors 31,331 20,000
31,916 25,882

7. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 45,757

8. SHARE CAPITAL

The Company is limited by guarantee and does not have a share capital.