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REGISTERED NUMBER: 11723508 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NARROW AISLE HOLDINGS LIMITED

NARROW AISLE HOLDINGS LIMITED (REGISTERED NUMBER: 11723508)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NARROW AISLE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D J Houston
J B Maguire
J S Porter
C C Randle
P Wooldridge



SECRETARY: Higgs Secretarial Limited



REGISTERED OFFICE: 3 Waterfront Business Park
Dudley Road
Brierley Hill
West Midlands
DY5 1LX



REGISTERED NUMBER: 11723508 (England and Wales)



SENIOR STATUTORY AUDITOR: Ian Cattell FCA



AUDITORS: Crombies Accountants Limited
Chartered Accountants and Statutory Auditor
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

NARROW AISLE HOLDINGS LIMITED (REGISTERED NUMBER: 11723508)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 843,102 895,796
Investments 6 13,402,265 13,402,265
14,245,367 14,298,061

CURRENT ASSETS
Debtors 7 583,014 583,015
Cash at bank 100 111
583,114 583,126
CREDITORS
Amounts falling due within one year 8 14,427,680 14,351,845
NET CURRENT LIABILITIES (13,844,566 ) (13,768,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,801

529,342

CREDITORS
Amounts falling due after more than one
year

9

-

168,250
NET ASSETS 400,801 361,092

CAPITAL AND RESERVES
Called up share capital 9,500 9,500
Retained earnings 391,301 351,592
SHAREHOLDERS' FUNDS 400,801 361,092

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 26 March 2025 and were signed on its behalf by:





D J Houston - Director


NARROW AISLE HOLDINGS LIMITED (REGISTERED NUMBER: 11723508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Narrow Aisle Holdings 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. STATEMENT OF COMPLIANCE

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 company is taking advantage of the exemption conferred by s400(1) CA2006 not to prepare group accounts.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

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.

4. EMPLOYEES AND DIRECTORS

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

NARROW AISLE HOLDINGS LIMITED (REGISTERED NUMBER: 11723508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 1,053,877
AMORTISATION
At 1 January 2024 158,081
Charge for year 52,694
At 31 December 2024 210,775
NET BOOK VALUE
At 31 December 2024 843,102
At 31 December 2023 895,796

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 13,402,265
NET BOOK VALUE
At 31 December 2024 13,402,265
At 31 December 2023 13,402,265

Cost or valuation at 31 December 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2020 874
Cost 13,401,391
13,402,265

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 583,014 583,015

NARROW AISLE HOLDINGS LIMITED (REGISTERED NUMBER: 11723508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 14,332,169 14,255,154
Other creditors 95,511 96,691
14,427,680 14,351,845

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 168,250

Other creditors in the previous year comprised 10% fixed rate secured loan notes issued to C Randle who is a non-executive director of the company.

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

The Report of the Auditors was unqualified.

Ian Cattell FCA (Senior Statutory Auditor)
for and on behalf of Crombies Accountants Limited

11. CONTINGENT LIABILITIES

The company is party to a composite account agreement between Narrow Aisle Group Topco Limited and its bankers which provides unlimited cross guarantees by and between all parties to the agreement, secured by a cross company guarantee.

12. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Narrow Aisle Group Topco Limited, a company incorporated in England and Wales whose registered office is situated at 3 Waterfront Business Park, Dudley Road, Brierley Hill, West Midlands DY5 1LX.and this is the largest group of undertakings for which group financial statements are drawn up.

13. ULTIMATE CONTROLLING PARTY

There is no one ultimate controlling party.