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REGISTERED NUMBER: 03590720 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Historic Aircraft Collection Ltd

Historic Aircraft Collection Ltd (Registered number: 03590720)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Historic Aircraft Collection Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G A Black
A Spencer-Nairn
Mrs J T Black





SECRETARY: G A Black





REGISTERED OFFICE: New House
Northiam
Rye
East Sussex
TN31 6JL





REGISTERED NUMBER: 03590720 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Historic Aircraft Collection Ltd (Registered number: 03590720)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 747 878

CURRENT ASSETS
Debtors 5 6,846 2,248
Cash at bank 42,060 35,100
48,906 37,348
CREDITORS
Amounts falling due within one year 6 3,122,428 2,964,277
NET CURRENT LIABILITIES (3,073,522 ) (2,926,929 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,072,775

)

(2,926,051

)

CAPITAL & RESERVES
Called up share capital 7 2 2
Retained earnings (3,072,777 ) (2,926,053 )
SHAREHOLDERS' FUNDS (3,072,775 ) (2,926,051 )

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

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

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 16 October 2025 and were signed on its behalf by:





A Spencer-Nairn - Director


Historic Aircraft Collection Ltd (Registered number: 03590720)

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

1. STATUTORY INFORMATION

Historic Aircraft Collection 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.

The company meets it's day to day working capital requirements by extended credit from trade creditors and by a loan from the director's. The director's expect to maintain these sources of finance and therefore anticipates that the company will continue trading for the foreseeable future. The financial statements do not include any adjustments that would be necessary should this basis not be appropriate.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

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 reducing balance

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 sterling 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 NIL (2023 - 3 ).

Historic Aircraft Collection Ltd (Registered number: 03590720)

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

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 May 2023
and 30 April 2024 11,571
DEPRECIATION
At 1 May 2023 10,693
Charge for year 131
At 30 April 2024 10,824
NET BOOK VALUE
At 30 April 2024 747
At 30 April 2023 878

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,860 -
Other debtors 1,986 2,248
6,846 2,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,546 15,395
Amounts due to connected
company 650 650
Directors' current accounts 3,118,232 2,948,232
3,122,428 2,964,277

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Historic Aircraft Collection Ltd (Registered number: 03590720)

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

8. RELATED PARTY DISCLOSURES

Mr G A & Mrs J T Black
The only directors and shareholders of Aero Vintage Limited. Transactions with the company during the year were as follows:

Cost of sales £250 (2022: £1,044)
Management charges £7,200 (2022: £7,200)

2023 2022
£ £
Amount due to related party at the balance sheet date 650 1,694

Du Nord Investment (Jersey) Limited
A Spencer-Nairn is shareholder and director

2023 2022
£ £
Amounts due to related party at the balance sheet date - 559,915