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REGISTERED NUMBER: OC421841 (England and Wales)















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AVIATION E LLP

AVIATION E LLP (REGISTERED NUMBER: OC421841)






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




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


AVIATION E LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DESIGNATED MEMBERS: S A Newton
Mrs S L Newton





REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: OC421841 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

AVIATION E LLP (REGISTERED NUMBER: OC421841)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 31 MARCH 2023

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of a aircraft rental business.

DESIGNATED MEMBERS
The designated members during the year under review were:

S A Newton
Mrs S L Newton

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £30,782 (2022 - £272,762 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mrs S L Newton - Designated member


24 January 2024

AVIATION E LLP (REGISTERED NUMBER: OC421841)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   

TURNOVER 89,705 57,678

Cost of sales 87,552 83,688
GROSS PROFIT/(LOSS) 2,153 (26,010 )

Administrative expenses 32,935 246,752
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS




(30,782




)




(272,762




)

AVIATION E LLP (REGISTERED NUMBER: OC421841)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,305,959 3,212,632

CURRENT ASSETS
Debtors 6 61,974 57,220
Cash at bank 5,096 20,864
67,070 78,084
CREDITORS
Amounts falling due within one year 7 21,841 25,525
NET CURRENT ASSETS 45,229 52,559
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,351,188

3,265,191

LOANS AND OTHER DEBTS DUE TO
MEMBERS

2,351,188

3,265,191

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 2,351,188 3,265,191
Amounts due from members 6 (44,123 ) (39,890 )
2,307,065 3,225,301

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

AVIATION E LLP (REGISTERED NUMBER: OC421841)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 24 January 2024 and were signed by:





Mrs S L Newton - Designated member

AVIATION E LLP (REGISTERED NUMBER: OC421841)

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

1. STATUTORY INFORMATION

Aviation E LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Property - Hangar - 2% on cost
Aircraft - 5% on cost
Computer equipment - 25% on reducing balance

3. EMPLOYEE INFORMATION

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

4. OPERATING LOSS

The operating loss is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 127,259 175,325

AVIATION E LLP (REGISTERED NUMBER: OC421841)

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

5. TANGIBLE FIXED ASSETS
Property Computer
- Hangar Aircraft equipment Totals
£    £    £    £   
COST
At 1 April 2022 11,550 3,500,411 2,171 3,514,132
Additions 4,950 170,000 - 174,950
Disposals - (1,136,409 ) - (1,136,409 )
At 31 March 2023 16,500 2,534,002 2,171 2,552,673
DEPRECIATION
At 1 April 2022 - 300,245 1,255 301,500
Charge for year 330 126,700 229 127,259
Eliminated on disposal - (182,045 ) - (182,045 )
At 31 March 2023 330 244,900 1,484 246,714
NET BOOK VALUE
At 31 March 2023 16,170 2,289,102 687 2,305,959
At 31 March 2022 11,550 3,200,166 916 3,212,632

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 12,380
Amounts due from members 44,123 39,890
Other debtors - 4,950
Prepayments 17,851 -
61,974 57,220

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,666 8,870
VAT 18,175 16,655
21,841 25,525