OSCAR ROMEO AVIATION LIMITED

Company Registration Number:
02650213 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

OSCAR ROMEO AVIATION LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

OSCAR ROMEO AVIATION LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 80,000 80,000
Investments:   0 0
Total fixed assets: 80,000 80,000
Current assets
Debtors: 4 4,704 5,328
Cash at bank and in hand: 10,178 5,695
Total current assets: 14,882 11,023
Creditors: amounts falling due within one year: 5 (947) (1,970)
Net current assets (liabilities): 13,935 9,053
Total assets less current liabilities: 93,935 89,053
Total net assets (liabilities): 93,935 89,053
Capital and reserves
Called up share capital: 80,000 80,000
Other reserves: 13,935 9,053
Shareholders funds: 93,935 89,053

The notes form part of these financial statements

OSCAR ROMEO AVIATION LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 November 2023
and signed on behalf of the board by:

Name: David John Allen
Status: Director

The notes form part of these financial statements

OSCAR ROMEO AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents monthly fixed charges and hourly rate charges receivable in respect of the expenditure incurred in the operation and maintenance of the aircraft G-CBHA. Value added tax is not charged thereon.

Tangible fixed assets and depreciation policy

The value of the Company's only asset, the aircraft G-CBHA, is assessed each year and is dependent on current market trends for similar aircraft.

Other accounting policies

As a 'non-profit' Company, there is no 'turnover' as such, and the balance sheet is prepared not on a P&L basis, but provides a list if Income and Expenditure, Apart from occasional trips abroad, where fuel may be purchased, all income and expenditure is incurred within the UK, all inclusive of VAT.

OSCAR ROMEO AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

OSCAR ROMEO AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 80,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 September 2023 80,000
Depreciation
At 01 October 2022 0
At 30 September 2023 0
Net book value
At 30 September 2023 80,000
At 30 September 2022 80,000

OSCAR ROMEO AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 4,703 5,327

Debtors represents Flying Bills as yet unpaid from the previous month, overdue bills and our annual Insurance prepayment.

OSCAR ROMEO AVIATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Creditors: amounts falling due within one year note

Creditors represents our current liabilities. Normally Redhill Aerodrome fuel and landing fees to be paid within the next accounting period.