IRIS Accounts Production v25.1.0.734 10425946 director 30.12.22 29.12.23 29.12.23 false true false false true false Ordinary 0.0 Ordinary A 0.87000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104259462022-12-29104259462023-12-29104259462022-12-302023-12-29104259462021-06-29104259462021-06-302022-12-29104259462022-12-2910425946ns15:EnglandWales2022-12-302023-12-2910425946ns14:PoundSterling2022-12-302023-12-2910425946ns10:Director12022-12-302023-12-2910425946ns10:PrivateLimitedCompanyLtd2022-12-302023-12-2910425946ns10:SmallEntities2022-12-302023-12-2910425946ns10:AuditExempt-NoAccountantsReport2022-12-302023-12-2910425946ns10:SmallCompaniesRegimeForDirectorsReport2022-12-302023-12-2910425946ns10:SmallCompaniesRegimeForAccounts2022-12-302023-12-2910425946ns10:FullAccounts2022-12-302023-12-2910425946ns10:OrdinaryShareClass12022-12-302023-12-2910425946ns10:OrdinaryShareClass22022-12-302023-12-2910425946ns5:CurrentFinancialInstruments2023-12-2910425946ns5:CurrentFinancialInstruments2022-12-2910425946ns5:ShareCapital2023-12-2910425946ns5:ShareCapital2022-12-2910425946ns5:RetainedEarningsAccumulatedLosses2023-12-2910425946ns5:RetainedEarningsAccumulatedLosses2022-12-2910425946ns10:OrdinaryShareClass12023-12-2910425946ns10:OrdinaryShareClass22023-12-29
REGISTERED NUMBER: 10425946 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 DECEMBER 2023

FOR

AVIAâ LTD

AVIAâ LTD (REGISTERED NUMBER: 10425946)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 DECEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 2


AVIAâ LTD (REGISTERED NUMBER: 10425946)

BALANCE SHEET
29 DECEMBER 2023

2023 2022
Notes £    £   
Current assets
Debtors 4 - 144,183
Cash at bank - 15,864
- 160,047
Creditors
Amounts falling due within one year 5 - 1,099,086
Net current liabilities - (939,039 )
Total assets less current liabilities - (939,039 )

Capital and reserves
Called up share capital 6 1,080,431 1,080,431
Retained earnings (1,080,431 ) (2,019,470 )
Shareholders' funds - (939,039 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2023 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.

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 director and authorised for issue on 30 April 2025 and were signed by:





Mr D Dryden - Director


AVIAâ LTD (REGISTERED NUMBER: 10425946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 DECEMBER 2023


1. Statutory information

Aviaâ Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10425946. The registered office and business address is Hangar 14 Langford Lane, Kiddlington, Oxfordshire, OX5 1QX.

The presentation currency of the financial statements is GBP (£). Historically the financial statements have been presented in USD ($) however following the acquisition of the company by the UK parent in May 2023, the comparative figures have now been restated into GBP (£).

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.

Turnover
Turnover represents amounts receivable for goods and services provided in the period, net of VAT and trade discounts. Revenue is recognised for the sale of goods and services when the right to consideration in respect of the sale has been earned.

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 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.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 2 ) .

AVIAâ LTD (REGISTERED NUMBER: 10425946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2023


4. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors - 144,183

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Amounts owed to group undertakings - 1,094,766
Other creditors - (20 )
Accruals and deferred income - 4,340
- 1,099,086

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,362,250 Ordinary $0.000001 4 4
1,495,000 Ordinary A $0.87 1,080,427 1,080,427
1,080,431 1,080,431

7. Ultimate controlling party

The company is ultimately controlled by the director Mr D Dryden by virtue of his 100% holding in the voting share capital of the ultimate parent company, Volare Holding Limited, a company registered in Guernsey.