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REGISTERED NUMBER: 00346189 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Bickerton's Aerodromes Limited

Bickerton's Aerodromes Limited (Registered number: 00346189)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Bickerton's Aerodromes Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: BA Paul
AE Paul
EA Ceh
TIM Paul





SECRETARY: AE Paul





REGISTERED OFFICE: Denham Airport
Denham
Buckinghamshire





REGISTERED NUMBER: 00346189 (England and Wales)





ACCOUNTANTS: D. A. Locke & Co, Chartered Accountants
Stoke Bruerne
Northamptonshire
NN12 7SF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bickerton's Aerodromes Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bickerton's Aerodromes Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bickerton's Aerodromes Limited, as a body, in accordance with the terms of our engagement letter dated 21 January 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Bickerton's Aerodromes Limited and state those matters that we have agreed to state to the Board of Directors of Bickerton's Aerodromes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bickerton's Aerodromes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bickerton's Aerodromes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bickerton's Aerodromes Limited. You consider that Bickerton's Aerodromes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bickerton's Aerodromes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D. A. Locke & Co, Chartered Accountants


16 April 2025

Bickerton's Aerodromes Limited (Registered number: 00346189)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,298,404 1,151,460
Investments 5 120,538 121,900
Investment property 6 1,950,000 1,950,000
3,368,942 3,223,360

CURRENT ASSETS
Stocks 92,066 132,692
Debtors 7 251,563 163,533
Cash at bank and in hand 2,838,628 2,673,207
3,182,257 2,969,432
CREDITORS
Amounts falling due within one year 8 437,089 260,721
NET CURRENT ASSETS 2,745,168 2,708,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,114,110

5,932,071

PROVISIONS FOR LIABILITIES 454,532 453,907
NET ASSETS 5,659,578 5,478,164

CAPITAL AND RESERVES
Called up share capital 37,150 37,150
Retained earnings 5,622,428 5,441,014
SHAREHOLDERS' FUNDS 5,659,578 5,478,164

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 directors acknowledge their 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.

Bickerton's Aerodromes Limited (Registered number: 00346189)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





BA Paul - Director


Bickerton's Aerodromes Limited (Registered number: 00346189)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Bickerton's Aerodromes 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the invoiced value of aerodrome and hangarage fees, sales of aviation fuel and rent receivable, net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at variable rates on reducing balance

Buildings and associated infrastructure used in the company's trade as an airport operator are depreciated over 25 years on the straight line basis.

Plant and machinery is depreciated at rates varying between 15% and 33% on the reducing balance.

Aircraft engines are depreciated on the basis of hours flown, so as to write off their cost over their permitted maximum working lives.

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks of aviation fuel are valued at the lower of cost and net realisable value.

Bickerton's Aerodromes Limited (Registered number: 00346189)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less and bank over drafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank and cash balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the individual financial arrangements entered into. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, in which case the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due in one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


Bickerton's Aerodromes Limited (Registered number: 00346189)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Investments
Fixed asset investments are stated at their open market value with any impairment charges or reversals being taken to Profit & Loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

Bickerton's Aerodromes Limited (Registered number: 00346189)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 2,043,525 945,929 2,989,454
Additions 219,277 30,393 249,670
At 31 December 2024 2,262,802 976,322 3,239,124
DEPRECIATION
At 1 January 2024 1,041,764 796,230 1,837,994
Charge for year 74,318 28,408 102,726
At 31 December 2024 1,116,082 824,638 1,940,720
NET BOOK VALUE
At 31 December 2024 1,146,720 151,684 1,298,404
At 31 December 2023 1,001,761 149,699 1,151,460

5. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 2 121,898 121,900
Impairments - (1,362 ) (1,362 )
At 31 December 2024 2 120,536 120,538
NET BOOK VALUE
At 31 December 2024 2 120,536 120,538
At 31 December 2023 2 121,898 121,900

Bickerton's Aerodromes Limited (Registered number: 00346189)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Interest
in Other
associate investments Totals
£    £    £   
Valuation in 2018 2 95,644 95,646
Valuation in 2019 - 22,473 22,473
Valuation in 2020 - (12,623 ) (12,623 )
Valuation in 2021 - 5,008 5,008
Valuation in 2022 - 1,579 1,579
Valuation in 2023 - 9,817 9,817
Valuation in 2024 - (1,362 ) (1,362 )
2 120,536 120,538

Listed investments comprise investments listed on the London Stock Exchange.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,950,000
NET BOOK VALUE
At 31 December 2024 1,950,000
At 31 December 2023 1,950,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2019 1,950,000

In the opinion of the directors, the value of the company's investment properties is not materially different to their value at the last professional valuation in May 2023.

Bickerton's Aerodromes Limited (Registered number: 00346189)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 95,788 120,720
Amounts owed by participating interests 15,911 23,162
Other debtors 139,864 19,651
251,563 163,533

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 171,482 118,320
Amounts owed to participating interests 480 3,886
Taxation and social security 102,319 50,862
Other creditors 162,808 87,653
437,089 260,721

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the Paul family. There is no single controlling party.