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REGISTERED NUMBER: 07211686 (England and Wales)















THE ROYAL AIR SQUADRON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






THE ROYAL AIR SQUADRON LIMITED (REGISTERED NUMBER: 07211686)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE ROYAL AIR SQUADRON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Sir C N Harper
Mrs M J Hunter
A S D Lyons
Ms S A C Whitcombe
P L Fernandes
A Wimble
D J M B Ponte


SECRETARY: A Wimble


REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT11 6SJ


REGISTERED NUMBER: 07211686 (England and Wales)


ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ


BANKERS: Coutts & Co
440 Strand
London
WC2R 0QS

THE ROYAL AIR SQUADRON LIMITED (REGISTERED NUMBER: 07211686)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 11,614 12,176
Debtors 4 14,758 31,350
Cash at bank 55,574 54,736
81,946 98,262
CREDITORS
Amounts falling due within one year 5 (7,055 ) (20,884 )
NET CURRENT ASSETS 74,891 77,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,891

77,378

RESERVES
Income and expenditure account 6 74,891 77,378
74,891 77,378

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 surplus or deficit 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 1 September 2024 and were signed on its behalf by:





P L Fernandes - Director


THE ROYAL AIR SQUADRON LIMITED (REGISTERED NUMBER: 07211686)

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

1. STATUTORY INFORMATION

The Royal Air Squadron Limited is a private company, limited by guarantee , 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.

Turnover
Turnover for events is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Debtors arising from events 13,829 21,671
Prepayments 929 9,679
14,758 31,350

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Creditors arising from events 4,477 19,311
Sundry creditors 885 13
Accrued expenses 1,693 1,560
7,055 20,884

6. RESERVES
Income
and
expenditure
account
£   

At 1 January 2023 77,378
Deficit for the year (2,487 )
At 31 December 2023 74,891