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REGISTERED NUMBER: 05038005 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HANGAR 3 BLACKPOOL LTD

HANGAR 3 BLACKPOOL LTD (REGISTERED NUMBER: 05038005)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HANGAR 3 BLACKPOOL LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2025







DIRECTOR: S R Menzies





REGISTERED OFFICE: Hangar 3
Blackpool Airport
3 Squires Gate Lane
Blackpool
Lancashire
FY4 2QY





REGISTERED NUMBER: 05038005 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

HANGAR 3 BLACKPOOL LTD (REGISTERED NUMBER: 05038005)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 62,224 72,839

CURRENT ASSETS
Debtors 5 590,230 391,655
Cash at bank 287,950 254,109
878,180 645,764
CREDITORS
Amounts falling due within one year 6 976,120 844,037
NET CURRENT LIABILITIES (97,940 ) (198,273 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,716

)

(125,434

)

CREDITORS
Amounts falling due after more than one
year

7

(2,500

)

(13,854

)

PROVISIONS FOR LIABILITIES 9 (271 ) (1,885 )
NET LIABILITIES (38,487 ) (141,173 )

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings (38,492 ) (141,178 )
SHAREHOLDERS' FUNDS (38,487 ) (141,173 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

HANGAR 3 BLACKPOOL LTD (REGISTERED NUMBER: 05038005)

BALANCE SHEET - continued
31 MARCH 2025


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 director and authorised for issue on 2 May 2025 and were signed by:





S R Menzies - Director


HANGAR 3 BLACKPOOL LTD (REGISTERED NUMBER: 05038005)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2025

1. STATUTORY INFORMATION

Hangar 3 Blackpool 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.

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 Company made an operating profit in the year to 31st March 2025 and expectations are that this will continue at the current level for the foreseeable future. On this basis the retained losses brought forward are predicted to be exhausted during the forthcoming twelve month period, and with the continuing support of the shareholders this has enabled to the Company to prepare the financial statements on a going concern basis.

Judgements and estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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 each asset over its estimated useful life.
Short leasehold - in accordance with the property
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


HANGAR 3 BLACKPOOL LTD (REGISTERED NUMBER: 05038005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 1,332 33,360 83,950 12,456 131,098
Additions - 15,898 36,895 639 53,432
Disposals - - (59,000 ) - (59,000 )
At 31 March 2025 1,332 49,258 61,845 13,095 125,530
DEPRECIATION
At 1 April 2024 61 22,900 25,982 9,316 58,259
Charge for year 121 5,652 9,426 911 16,110
Eliminated on disposal - - (11,063 ) - (11,063 )
At 31 March 2025 182 28,552 24,345 10,227 63,306
NET BOOK VALUE
At 31 March 2025 1,150 20,706 37,500 2,868 62,224
At 31 March 2024 1,271 10,460 57,968 3,140 72,839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 529,139 340,382
VAT 14,975 10,370
Prepayments and accrued income 46,116 40,903
590,230 391,655

HANGAR 3 BLACKPOOL LTD (REGISTERED NUMBER: 05038005)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,000 9,258
Trade creditors 118,946 156,313
Tax 15,505 -
Social security and other taxes 362 1,522
Other creditors 166,294 226,111
Directors' current accounts 81,614 163,472
Accruals and deferred income 583,399 287,361
976,120 844,037

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 2-5 years 2,500 13,854

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£    £   
Within one year 35,000 35,000
Between one and five years 140,000 140,000
In more than five years 157,500 192,500
332,500 367,500

9. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 271 1,885

Deferred
tax
£   
Balance at 1 April 2024 1,885
Provided during year (1,614 )
Balance at 31 March 2025 271