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REGISTERED NUMBER: 05343447 (England and Wales)


















Financial Statements for the Year Ended 30 September 2024

for

GLOBAL AVIATION + PIPER PARTS LIMITED

GLOBAL AVIATION + PIPER PARTS LIMITED (REGISTERED NUMBER: 05343447)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GLOBAL AVIATION + PIPER PARTS LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P Weilbach
J W Philipp
M Bruech





REGISTERED OFFICE: London Oxford Airport
Langford Lane
Kidlington
Oxfordshire
OX5 1RA





REGISTERED NUMBER: 05343447 (England and Wales)





ACCOUNTANTS: BDA Associates Limited
Chartered Accountants
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD

GLOBAL AVIATION + PIPER PARTS LIMITED (REGISTERED NUMBER: 05343447)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,584 2,361
Investments 5 500,000 500,000
503,584 502,361

CURRENT ASSETS
Debtors 6 211,947 194,369
Cash at bank and in hand 906,728 832,919
1,118,675 1,027,288
CREDITORS
Amounts falling due within one year 7 53,745 113,359
NET CURRENT ASSETS 1,064,930 913,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,568,514

1,416,290

CREDITORS
Amounts falling due after more than one
year

8

314,590

316,665
NET ASSETS 1,253,924 1,099,625

CAPITAL AND RESERVES
Called up share capital 9 1,600,000 1,600,000
Retained earnings (346,076 ) (500,375 )
SHAREHOLDERS' FUNDS 1,253,924 1,099,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

GLOBAL AVIATION + PIPER PARTS LIMITED (REGISTERED NUMBER: 05343447)

Statement of Financial Position - continued
30 September 2024


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 13 November 2024 and were signed on its behalf by:





M Bruech - Director


GLOBAL AVIATION + PIPER PARTS LIMITED (REGISTERED NUMBER: 05343447)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Global Aviation + Piper Parts 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 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 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.
Equipment - 15% on cost

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 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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.

GLOBAL AVIATION + PIPER PARTS LIMITED (REGISTERED NUMBER: 05343447)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 October 2023 83,920
Additions 2,650
At 30 September 2024 86,570
DEPRECIATION
At 1 October 2023 81,559
Charge for year 1,427
At 30 September 2024 82,986
NET BOOK VALUE
At 30 September 2024 3,584
At 30 September 2023 2,361

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 500,000
NET BOOK VALUE
At 30 September 2024 500,000
At 30 September 2023 500,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 206,424 189,669
Other debtors 5,523 4,700
211,947 194,369

GLOBAL AVIATION + PIPER PARTS LIMITED (REGISTERED NUMBER: 05343447)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 130 -
Trade creditors 121 348
Amounts owed to group undertakings 2,505 2,958
Taxation and social security 22,612 19,970
Other creditors 28,377 90,083
53,745 113,359

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Amounts owed to group undertakings 314,590 316,665

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1,600,000 Ordinary £1 1,600,000 1,600,000

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Piper Deutschland AG, a company incorporated in Germany.
Copies of consolidated financial statements can be obtained from Piper Deutschland AG, Fieseler-Storch-Str. 10, Kassel Airport, 34379 Calden, Germany.