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REGISTERED NUMBER: 14883997 (England and Wales)















Financial Statements for the Period 22 May 2023 to 31 December 2023

for

AEREON UK LTD

AEREON UK LTD (REGISTERED NUMBER: 14883997)

Contents of the Financial Statements
FOR THE PERIOD 22 MAY 2023 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AEREON UK LTD

Company Information
FOR THE PERIOD 22 MAY 2023 TO 31 DECEMBER 2023







DIRECTORS: G P Walsh
F Canozzi
S A Freeman
J L Foster





REGISTERED OFFICE: 38 Craven Street
London
WC2N 5NG





REGISTERED NUMBER: 14883997 (England and Wales)





AUDITORS: Belluzzo Audit Limited
Chartered Accountants and Statutory Auditors
38 Craven Street
London
WC2N 5NG

AEREON UK LTD (REGISTERED NUMBER: 14883997)

Balance Sheet
31 DECEMBER 2023

Notes £   
FIXED ASSETS
Tangible assets 4 13,983

CURRENT ASSETS
Stocks 4,641
Debtors 5 34,793
Cash at bank 75,292
114,726
CREDITORS
Amounts falling due within one year 6 (169,880 )
NET CURRENT LIABILITIES (55,154 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,171

)

PROVISIONS FOR LIABILITIES (3,496 )
NET LIABILITIES (44,667 )

CAPITAL AND RESERVES
Called up share capital 10,000
Retained earnings (54,667 )
(44,667 )

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 26 September 2024 and were signed on its behalf by:





G P Walsh - Director


AEREON UK LTD (REGISTERED NUMBER: 14883997)

Notes to the Financial Statements
FOR THE PERIOD 22 MAY 2023 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Aereon UK 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment: 20% straight line
Plant & Machinery: 20% straight line

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

AEREON UK LTD (REGISTERED NUMBER: 14883997)

Notes to the Financial Statements - continued
FOR THE PERIOD 22 MAY 2023 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, cash and bank balances.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.


Financial liabilities

The company's financial liabilities comprise of basic financial liabilities, including trade and other payables. These are initially recognised at transaction price. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled, or expires.

Taxation
Taxation for the period 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 period 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.

AEREON UK LTD (REGISTERED NUMBER: 14883997)

Notes to the Financial Statements - continued
FOR THE PERIOD 22 MAY 2023 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Going concern
The Shareholder has confirmed that it will continue to provide the financial resources necessary for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements. Therefore, the directors consider it appropriate that the financial statements are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 15,254
At 31 December 2023 15,254
DEPRECIATION
Charge for period 1,271
At 31 December 2023 1,271
NET BOOK VALUE
At 31 December 2023 13,983

5. DEBTORS
£   
Amounts falling due within one year:
Other debtors 25,992

Amounts falling due after more than one year:
Other debtors 8,801

Aggregate amounts 34,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 4,346
Amounts owed to group undertakings 98,951
Taxation and social security 27,946
Other creditors 38,637
169,880

AEREON UK LTD (REGISTERED NUMBER: 14883997)

Notes to the Financial Statements - continued
FOR THE PERIOD 22 MAY 2023 TO 31 DECEMBER 2023


7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tony Castagnetti (Senior Statutory Auditor)
for and on behalf of Belluzzo Audit Limited

8. POST BALANCE SHEET EVENTS

In March 2024, the Parent Company Aereon Srl provided a capital contribution of £150,000 to Aereon Uk Ltd. This capital injection was aimed at strengthening the financial position of the subsidiary and supporting its ongoing operational and strategic initiatives.

9. ULTIMATE CONTROLLING PARTY

The immediate controlling party is Aereon S.r.l., a company incorporated in Italy.

The ultimate controlling party is Cimmaron Energy Holding Co, LLP a company incorporated in United States. Group accounts have been drawn up by Cimmaron Energy Holding Co, LLP (registered office Wickchester Ln Houston, TX, 77079-1211 United States)