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REGISTERED NUMBER: 10424009 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

ALLTIME AVIATION (UK) LIMITED

ALLTIME AVIATION (UK) LIMITED (REGISTERED NUMBER: 10424009)






Contents of the Financial Statements
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALLTIME AVIATION (UK) LIMITED

Company Information
for the year ended 31 DECEMBER 2023







DIRECTORS: Andreas Drakou
Marios Raptakis





REGISTERED OFFICE: Global House
303 Ballards Lane
Finchley
N12 8NP





REGISTERED NUMBER: 10424009 (England and Wales)






ALLTIME AVIATION (UK) LIMITED (REGISTERED NUMBER: 10424009)

Statement of Financial Position
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Investments 4 420 420

CURRENT ASSETS
Debtors 5 139,467 143,136
Cash at bank 4,204 4,489
143,671 147,625
CREDITORS
Amounts falling due within one year 6 (50,488 ) (91,966 )
NET CURRENT ASSETS 93,183 55,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,603

56,079

CREDITORS
Amounts falling due after more than one
year

7

(140,936

)

(100,000

)
NET LIABILITIES (47,333 ) (43,921 )

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 8 (97,333 ) (93,921 )
SHAREHOLDERS' FUNDS (47,333 ) (43,921 )

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

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

ALLTIME AVIATION (UK) LIMITED (REGISTERED NUMBER: 10424009)

Statement of Financial Position - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2024 and were signed on its behalf by:





Andreas Drakou - Director


ALLTIME AVIATION (UK) LIMITED (REGISTERED NUMBER: 10424009)

Notes to the Financial Statements
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Alltime Aviation (UK) 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.

Turnover
Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably , which are recognised at cost less impairment.

Going concern
These accounts have been prepared on a going concern basis on the grounds that the directors of the company will not withdraw support until such a time as the company has funds available to meet its debts and liabilities as and when they fall due.

ALLTIME AVIATION (UK) LIMITED (REGISTERED NUMBER: 10424009)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2023
and 31 December 2023 420
NET BOOK VALUE
At 31 December 2023 420
At 31 December 2022 420

The company acquired 50% of the Ordinary issued Share Capital of Alltime Aviation Private Jet Limited, a company incorporated in the Republic of Cyprus.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 68,611 70,812
Other debtors 70,856 72,324
139,467 143,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed to group undertakings 50,078 51,115
Other creditors 410 40,851
50,488 91,966

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Other creditors 140,936 100,000

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (93,921 )
Deficit for the year (3,412 )
At 31 December 2023 (97,333 )

ALLTIME AVIATION (UK) LIMITED (REGISTERED NUMBER: 10424009)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Achilleas Drakou by virtue of his control of Alltime Ventures Limited.