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REGISTERED NUMBER: 07146308 (England and Wales)















Audited Financial Statements for the Year Ended 30 June 2024

for

Air Culinaire Holding Limited

Air Culinaire Holding Limited (Registered number: 07146308)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Air Culinaire Holding Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P M Schweitzer
JL Lee
AT Thayer





REGISTERED OFFICE: Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ





REGISTERED NUMBER: 07146308 (England and Wales)





AUDITORS: Harris & Trotter LLP
Chartered Accountants
Statutory Auditors
101 New Cavendish Street
London
W1W 6XH

Air Culinaire Holding Limited (Registered number: 07146308)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 169,508
100 169,508

CURRENT ASSETS
Debtors 5 202,655 433,853
Cash at bank 32,145 12,744
234,800 446,597
CREDITORS
Amounts falling due within one year 6 1,535,907 1,455,392
NET CURRENT LIABILITIES (1,301,107 ) (1,008,795 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,301,007

)

(839,287

)


CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,301,107 ) (839,387 )
SHAREHOLDERS' FUNDS (1,301,007 ) (839,287 )
(1,301,007 ) (839,287 )

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





AT Thayer - Director


Air Culinaire Holding Limited (Registered number: 07146308)

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

1. STATUTORY INFORMATION

Air Culinaire Holding 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The preparation of the financial statements requires the directors to make an assessment of the company's ability to continue as a going concern. The company is in a net deficit position and is reliant on the continuing support of its shareholders and other group entities in order to meet its short-term working capital requirements. The directors are confident that support from these parties will continue. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Air Culinaire Holding Limited 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.

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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


Air Culinaire Holding Limited (Registered number: 07146308)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 169,508
Impairments (169,408 )
At 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 169,508

The fixed asset investment comprises the ownership of 100% of the issued share capital of Air Culinaire Worldwide France SARL.

Air Culinaire Holding Limited (Registered number: 07146308)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 202,655 432,772
Other debtors - 852
Social security and other taxes - 229
202,655 433,853

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,211 3,281
Amounts owed to group undertakings 1,524,633 1,431,681
Social security and other taxes 3,123 2,536
Other creditors 367 367
Accruals and deferred income 6,573 17,527
1,535,907 1,455,392

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

The Auditors' Report was unqualified.

Stephen Haffner (Senior Statutory Auditor)
for and on behalf of Harris & Trotter LLP

Air Culinaire Holding Limited (Registered number: 07146308)

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

8. RELATED PARTY DISCLOSURES

The company is a subsidiary of Air Culinaire Worldwide LLC, which is itself a subsidiary of GEERA Holdings LLC. Universal Weather and Aviation LLC is also a subsidiary of GEERA Holdings LLC.

Mr P Schweitzer, Ms D Barcus and Mr C Smith, who were all directors of the company during the year, were also directors of Air Culinaire Worldwide France SARL, and of Air Culinaire Worldwide (UK) Limited, which is a fellow subsidiary of Air Culinaire Worldwide LLC.

Mr Smith and Ms Barcus resigned during the year and Mrs A Thayer and Mr J Lee were appointed to replace them as directors of the company Air Culinaire Holding Limited and its subsidiary Air Culinaire France SARL as well as Air Culinaire Worldwide (UK) Limited.

The directors have assessed the recoverability of the loan to Air Culinaire Worldwide France SARL and have
recognised a provision against a proportion of the outstanding balance.

At the balance sheet date, the amounts outstanding were as follows:

2024 2023


Due
from


Due to

Due
from


Due to
£ £ £ £
Air Culinaire Worldwide France SARL 22,603 - 256,398 -
Air Culinaire Worldwide LLC - 913,526 - 838,613
Air Culinaire Worldwide (UK) Limited 180,052 - 176,374 -
Universal Weather & Aviation LLC - 611,107 - 593,068
202,655 1,524,633 432,772 1,431,681

The accounts of Air Culinaire Holding Limited are included in the consolidated financial statements of Air Culinaire Worldwide LLC whose registered office address is 5830 West Cypress Street, Suite B& C, Tampa, Florida, 33607.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors of Air Culinaire Worldwide LLC.