REGISTERED NUMBER: 11769885 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

UAV ENGINEERING LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Christos Skliros

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

11769885 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

4

5,276

7,035

Investments

5

846

846

6,122

7,881

CURRENT ASSETS

Debtors

54,230

43,897

Cash at bank

14,899

3,861

69,129

47,758

CREDITORS

Amounts falling due within one year

69,999

40,392

NET CURRENT (LIABILITIES)/ASSETS

(870

)

7,366

TOTAL ASSETS LESS CURRENT LIABILITIES

5,252

15,247

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

7

4,252

14,247

SHAREHOLDERS' FUNDS

5,252

15,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:

Mr Christos Skliros - Director

1.	STATUTORY INFORMATION

UAV Engineering 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.

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.

The accounts have been prepared on a going concern basis.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

9,850

DEPRECIATION

At 1 January 2024

2,815

Charge for year

1,759

At 31 December 2024

4,574

NET BOOK VALUE

At 31 December 2024

5,276

At 31 December 2023

7,035

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

846

NET BOOK VALUE

At 31 December 2024

846

At 31 December 2023

846

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

UAS Engineering Ltd

Registered office: Turkey

Nature of business: Unmanned aerial vehicles engineering

%

Class of shares:

holding

Ordinary

99.75

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

7.

RESERVES

Retained

earnings

£

At 1 January 2024

14,247

Deficit for the year

(5,995

)

Dividends

(4,000

)

At 31 December 2024

4,252

8.	RELATED PARTY DISCLOSURES

UAS Engineering Ltd

UAS Engineering Ltd is a subsidiary company incorporated in Turkey.

During the year, the company loaned Nil to UAS Engineering Ltd. Total loan as on 31 Dec 2024 is £37,858.18 (2023 £37,858.18). This is an unsecured interest-free loan which is repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Christos Skliros.

The director, Mr C Skliros, is considered to be the ultimate controlling party by virtue of the fact he owns 100% of the issued share capital of the company.