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REGISTERED NUMBER: 13874116 (England and Wales)












AEROHAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






AEROHAL LTD (REGISTERED NUMBER: 13874116)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AEROHAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: H D Gamble
D Gamble





REGISTERED OFFICE: Second Floor
1 Putney High Street
Putney
London
SW15 1SZ





REGISTERED NUMBER: 13874116 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

AEROHAL LTD (REGISTERED NUMBER: 13874116)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes $    $    $    $   
FIXED ASSETS
Investments 4 26,933 256,626

CURRENT ASSETS
Debtors 5 1,427,243 1,050,371
Cash at bank 7,317 69,853
1,434,560 1,120,224
CREDITORS
Amounts falling due within one year 6 818,331 1,367,720
NET CURRENT ASSETS/(LIABILITIES) 616,229 (247,496 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,162

9,130

CAPITAL AND RESERVES
Called up share capital 7 143 143
Retained earnings 8 643,019 8,987
SHAREHOLDERS' FUNDS 643,162 9,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 22 August 2024 and were signed on its behalf by:




H D Gamble - Director


AEROHAL LTD (REGISTERED NUMBER: 13874116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Aerohal Ltd 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 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.

Preparation of consolidated financial statements
The financial statements contain information about Aerohal Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents dividends receivable from the company's investments net of withholding tax and other taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into US dollar at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

AEROHAL LTD (REGISTERED NUMBER: 13874116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. FIXED ASSET INVESTMENTS

30.11.23 30.11.22
$    $   
Shares in group undertakings 130 130
Other investments not loans 26,803 26,803
Other loans - 229,693
26,933 256,626

Additional information is as follows:
Shares in
group Other
undertakings investments Totals
$    $    $   
COST
At 1 December 2022
and 30 November 2023 130 315 445
NET BOOK VALUE
At 30 November 2023 130 315 445
At 30 November 2022 130 315 445

Investments (neither listed nor unlisted) were as follows:
30.11.23 30.11.22
$    $   
Investment in Art 26,488 26,488
Other
loans
$   
At 1 December 2022 229,693
Other movement (229,693 )
At 30 November 2023 -

5. DEBTORS
30.11.23 30.11.22
$    $   
Amounts falling due within one year:
Amounts owed by group undertakings 143,902 -
Other debtors - 13
Prepayments and accrued income - 12,000
143,902 12,013

AEROHAL LTD (REGISTERED NUMBER: 13874116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. DEBTORS - continued
30.11.23 30.11.22
$    $   
Amounts falling due after more than one year:
Amounts owed by group undertakings 1,283,341 1,038,358

Aggregate amounts 1,427,243 1,050,371

Included in amount due form group undertakings within one year, is a loan of $80,386 (2022:$109,976) due from TM 28869 Limited, a loan of $52,159 (2022: $87,717) due from TM28569 Limited and a loan of $11,357 (2022:$32,000) due from Chelsea Green Engines Limited.

Amounts owed by group undertakings after more than one year of $1,283,341 (2022:$1,038,358 is a loan due from Plane Invest Limited a 100% owned subsidiary. All the loans are unsecured, interest free and repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
$    $   
Other creditors - 99
Directors' current accounts 815,211 1,365,224
Accrued expenses 3,120 2,397
818,331 1,367,720

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: $    $   
110 Ordinary $1.30 143 143

8. RESERVES
Retained
earnings
$   

At 1 December 2022 8,987
Profit for the year 634,032
At 30 November 2023 643,019

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H D Gamble.