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REGISTERED NUMBER: 08835512 (England and Wales)












AIRPORT FACILITIES (HEATHROW) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






AIRPORT FACILITIES (HEATHROW) LIMITED (REGISTERED NUMBER: 08835512)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AIRPORT FACILITIES (HEATHROW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: D R Churcher
K J W Weir





REGISTERED OFFICE: Suite 6 Furzehall Farm
Wickham Road
Fareham
Hampshire
PO16 7JH





REGISTERED NUMBER: 08835512 (England and Wales)

AIRPORT FACILITIES (HEATHROW) LIMITED (REGISTERED NUMBER: 08835512)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 - 1,291

CURRENT ASSETS
Debtors 5 124,707 162,420
Cash at bank 1,059 469
125,766 162,889
CREDITORS
Amounts falling due within one year 6 (106,765 ) (135,402 )
NET CURRENT ASSETS 19,001 27,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,001

28,778

CREDITORS
Amounts falling due after more than one
year

7

(17,922

)

(27,182

)

PROVISIONS FOR LIABILITIES - (323 )
NET ASSETS 1,079 1,273

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings (48,921 ) (48,727 )
SHAREHOLDERS' FUNDS 1,079 1,273

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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.

AIRPORT FACILITIES (HEATHROW) LIMITED (REGISTERED NUMBER: 08835512)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





K J W Weir - Director


AIRPORT FACILITIES (HEATHROW) LIMITED (REGISTERED NUMBER: 08835512)

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


1. STATUTORY INFORMATION

Airport Facilities (Heathrow) 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure Is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Going concern
The directors have prepared the financial statements on the going concern basis. The company continues to be supported by its fellow group companies to meet the demands of its creditors, and this will continue to be the case for a minimum of 12 months following the signing of this report.

Turnover
Turnover represents the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of value added tax.

Where turnover relates to long term projects, it is recognised based on the percentage completion of each project, making due allowance for any loss making contracts at the point at which the loss becomes foreseeable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 4 years
Motor vehicles - Straight line over 4 years
Computer equipment - Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax assets and liabilities are not discounted.

Current and deferred 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.


AIRPORT FACILITIES (HEATHROW) LIMITED (REGISTERED NUMBER: 08835512)

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


2. ACCOUNTING POLICIES - continued
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.

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

3. EMPLOYEES AND DIRECTORS

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

AIRPORT FACILITIES (HEATHROW) LIMITED (REGISTERED NUMBER: 08835512)

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


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 November 2022
and 31 October 2023 480 9,830 415 10,725
DEPRECIATION
At 1 November 2022 440 8,579 415 9,434
Charge for year 40 1,251 - 1,291
At 31 October 2023 480 9,830 415 10,725
NET BOOK VALUE
At 31 October 2023 - - - -
At 31 October 2022 40 1,251 - 1,291

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors - 40,011
Amounts owed by group undertakings 42,796 42,796
Other debtors 81,911 79,613
124,707 162,420

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 8,745 8,918
Trade creditors 1,455 23,094
Amounts owed to group undertakings 93,234 100,352
Taxation and social security 181 -
Other creditors 3,150 3,038
106,765 135,402

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 17,922 27,182

AIRPORT FACILITIES (HEATHROW) LIMITED (REGISTERED NUMBER: 08835512)

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


8. RELATED PARTY DISCLOSURES

Cura Commercial Limited, a company incorporated in the United Kingdom, is the company's immediate and ultimate parent undertaking.

The registered office address of Cura Commercial Limited is Suite 6, Furzehall Farm, 110 Wickham Road, Fareham, Hampshire, PO16 7JH.