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REGISTERED NUMBER: 12817175 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

CHILTERN CIRRUS LIMITED

CHILTERN CIRRUS LIMITED (REGISTERED NUMBER: 12817175)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHILTERN CIRRUS LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: R A Baker





REGISTERED OFFICE: The Roost
Chisbridge Lane
Frieth Road
Marlow
SL7 2HS





REGISTERED NUMBER: 12817175 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

CHILTERN CIRRUS LIMITED (REGISTERED NUMBER: 12817175)

Statement of Financial Position
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 122,045 127,857

CURRENT ASSETS
Debtors 5 5,125 1,811
Cash at bank 4,471 5,239
9,596 7,050
CREDITORS
Amounts falling due within one year 6 2,491 4,151
NET CURRENT ASSETS 7,105 2,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,150

130,756

CAPITAL AND RESERVES
Called up share capital 5 5
Share premium 159,995 159,995
Retained earnings (30,850 ) (29,244 )
SHAREHOLDERS' FUNDS 129,150 130,756

CHILTERN CIRRUS LIMITED (REGISTERED NUMBER: 12817175)

Statement of Financial Position - continued
31 AUGUST 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

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

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





R A Baker - Director


CHILTERN CIRRUS LIMITED (REGISTERED NUMBER: 12817175)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Chiltern Cirrus 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.

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 directors consider that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

Turnover
Revenue 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.
Aircraft - 4% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CHILTERN CIRRUS LIMITED (REGISTERED NUMBER: 12817175)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024


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 where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:



Deferred tax assets are recognised only to the extent that directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.



Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Aircraft
£   
COST
At 1 September 2023
and 31 August 2024 145,293
DEPRECIATION
At 1 September 2023 17,436
Charge for year 5,812
At 31 August 2024 23,248
NET BOOK VALUE
At 31 August 2024 122,045
At 31 August 2023 127,857

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,960 1,128
Other debtors 2,165 683
5,125 1,811

CHILTERN CIRRUS LIMITED (REGISTERED NUMBER: 12817175)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 590 590
Taxation and social security - 872
Other creditors 1,901 2,689
2,491 4,151