REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31st December 2024 |
for |
The Air Group Rentals Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31st December 2024 |
for |
The Air Group Rentals Limited |
The Air Group Rentals Limited (Registered number: 12168438) |
Contents of the Financial Statements |
for the Year Ended 31st December 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
The Air Group Rentals Limited |
Company Information |
for the Year Ended 31st December 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 West Street |
Henley On Thames |
Oxfordshire |
RG9 2DU |
The Air Group Rentals Limited (Registered number: 12168438) |
Abridged Balance Sheet |
31st December 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Revaluation reserve | 6 |
Retained earnings | 6 |
SHAREHOLDERS' FUNDS |
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 Air Group Rentals Limited (Registered number: 12168438) |
Abridged Balance Sheet - continued |
31st December 2024 |
The financial statements were approved by the director and authorised for issue on |
The Air Group Rentals Limited (Registered number: 12168438) |
Notes to the Financial Statements |
for the Year Ended 31st December 2024 |
1. | STATUTORY INFORMATION |
The Air Group Rentals Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Policies regarding investment property |
Investment property is shown at most recent prudent market valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss but not subject to tax or available for distribution. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1st January 2024 |
Additions |
At 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 31st December 2023 |
Cost or valuation at 31st December 2024 is represented by: |
£ |
Valuation in 2021 | 300,000 |
Cost | 3,675,000 |
3,975,000 |
The Air Group Rentals Limited (Registered number: 12168438) |
Notes to the Financial Statements - continued |
for the Year Ended 31st December 2024 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
value: | £ | £ |
Ordinary | £1.00 | 1,000 | 1,000 |
6. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1st January 2024 | 767,128 |
Profit for the year |
At 31st December 2024 | 779,699 |
7. | RELATED PARTY DISCLOSURES |
At the year end, the company owed £3,204,271 to its immediate parent company, The Air Group Limited. |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is Roman Rentals 012 Ltd. |