Company registration number: 08119088
Unaudited financial statements
for the year ended 31 December 2024
for
Airportr Technologies Ltd
Pages for filing with the Registrar
Company registration number: 08119088
Airportr Technologies Ltd
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 1,373,657 1,163,928
Tangible assets 5 3,499 3,711
1,377,156 1,167,639
Current assets
Debtors 301,792 554,003
Cash at bank and in hand 292,953 30,904
594,745 584,907
Creditors: amounts falling due within one
year
(1,285,364) (1,827,365)
Net current liabilities (690,619) (1,242,458)
Total assets less current liabilities 686,537 (74,819)
Creditors: Amounts falling due after more
than one year
(642,164) (8,029,799)
NET ASSETS/(LIABILITIES) 44,373 (8,104,618)
Capital and reserves
Called up share capital 4,907 820
Share premium account 31,937,356 20,109,983
Profit and loss account (31,897,890) (28,215,421)
TOTAL EQUITY 44,373 (8,104,618)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 08119088
Airportr Technologies Ltd
Balance sheet - continued
as at 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 5 May 2025 and signed on its behalf by:
Mr R Darby, Director
5 May 2025
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Airportr Technologies Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Airportr Technologies Ltd is a private company registered in England and Wales. Its registered number is 08119088. The company is limited by shares. Its registered office is 23 Goswell Road, London, EC1M 7AJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in 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.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - All intangible assets are considered to have a finite
useful life. If a reliable estimate of the useful life cannot
be made, the useful life shall not exceed ten years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 33% straight line
Computer equipment - 50% straight line
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Airportr Technologies Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 28 (2023 - 32).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 January 2024 3,001,949
Additions 1,000,800
At 31 December 2024 4,002,749
Amortisation
At 1 January 2024 1,838,021
Charge for year 791,071
At 31 December 2024 2,629,092
Net book value
At 31 December 2024 1,373,657
At 31 December 2023 1,163,928
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Airportr Technologies Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 29,266
Additions 3,382
At 31 December 2024 32,648
Depreciation
At 1 January 2024 25,555
Charge for year 3,594
At 31 December 2024 29,149
Net book value
At 31 December 2024 3,499
At 31 December 2023 3,711
6 Loans
On November 26, 2024, the company reached an agreement with its lenders, The Future Fund and Belven, LLC to convert all outstanding loans into equity as part of an investment round.
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