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REGISTERED NUMBER: 09343904 (England and Wales)














FALCO AVIATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






FALCO AVIATION LIMITED (REGISTERED NUMBER: 09343904)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FALCO AVIATION LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: J A Scaramuzza





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 09343904 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

FALCO AVIATION LIMITED (REGISTERED NUMBER: 09343904)

STATEMENT OF FINANCIAL POSITION
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 178 316
Investment property 6 257,000 245,000
257,178 245,316

CURRENT ASSETS
Debtors 7 4,352 900
Cash at bank 140,880 101,474
145,232 102,374
CREDITORS
Amounts falling due within one year 8 232,157 206,355
NET CURRENT LIABILITIES (86,925 ) (103,981 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,253

141,335

PROVISIONS FOR LIABILITIES 11,896 8,930
NET ASSETS 158,357 132,405

CAPITAL AND RESERVES
Called up, paid and allotted share capital 1 1
Non-distributable reserves 9 35,553 26,553
Retained earnings 9 122,803 105,851
SHAREHOLDERS' FUNDS 158,357 132,405

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 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.

FALCO AVIATION LIMITED (REGISTERED NUMBER: 09343904)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 20 May 2025 and were signed by:





J A Scaramuzza - Director


FALCO AVIATION LIMITED (REGISTERED NUMBER: 09343904)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Falco Aviation 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on 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.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

FALCO AVIATION LIMITED (REGISTERED NUMBER: 09343904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 410 521 931
DEPRECIATION
At 1 January 2024 380 235 615
Charge for year 7 131 138
At 31 December 2024 387 366 753
NET BOOK VALUE
At 31 December 2024 23 155 178
At 31 December 2023 30 286 316

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 245,000
Revaluations 12,000
At 31 December 2024 257,000
NET BOOK VALUE
At 31 December 2024 257,000
At 31 December 2023 245,000

Investment property was valued on an open market basis on 31 December 2024 by the director.

If investment property had not been revalued it would have been included at historical cost totalling £209,596.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,352 900

FALCO AVIATION LIMITED (REGISTERED NUMBER: 09343904)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 17,721 19,369
Other creditors 214,436 186,986
232,157 206,355

9. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 January 2024 105,851 26,553 132,404
Profit for the year 63,652 63,652
Dividends (37,700 ) (37,700 )
Trf of revaluation gain/loss (9,000 ) 9,000 -
At 31 December 2024 122,803 35,553 158,356

10. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year, further loans in aggregate of £27,387 were provided to the company. At the year end the director was owed £212,858 from the company.