Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31true2024-01-01falseNo description of principal activity22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14519257 2024-01-01 2024-12-31 14519257 2022-12-01 2023-12-31 14519257 2024-12-31 14519257 2023-12-31 14519257 c:Director2 2024-01-01 2024-12-31 14519257 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 14519257 d:OtherPropertyPlantEquipment 2024-12-31 14519257 d:OtherPropertyPlantEquipment 2023-12-31 14519257 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14519257 d:CurrentFinancialInstruments 2024-12-31 14519257 d:CurrentFinancialInstruments 2023-12-31 14519257 d:Non-currentFinancialInstruments 2024-12-31 14519257 d:Non-currentFinancialInstruments 2023-12-31 14519257 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14519257 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14519257 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 14519257 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14519257 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 14519257 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 14519257 d:ShareCapital 2024-12-31 14519257 d:ShareCapital 2023-12-31 14519257 d:RetainedEarningsAccumulatedLosses 2024-12-31 14519257 d:RetainedEarningsAccumulatedLosses 2023-12-31 14519257 c:FRS102 2024-01-01 2024-12-31 14519257 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14519257 c:FullAccounts 2024-01-01 2024-12-31 14519257 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14519257 2 2024-01-01 2024-12-31 14519257 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 14519257










ZINCK AVIATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
ZINCK AVIATION LIMITED
REGISTERED NUMBER: 14519257

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Tangible assets
 4 
5,748,030
837,170

  
5,748,030
837,170

Current assets
  

Debtors: amounts falling due within one year
 5 
240,755
226,906

Cash at bank and in hand
 6 
15,795
8,274

  
256,550
235,180

Creditors: amounts falling due within one year
 7 
(3,821,770)
(1,115,671)

Net current liabilities
  
 
 
(3,565,220)
 
 
(880,491)

Creditors: amounts falling due after more than one year
  
(2,538,695)
-

  

Net liabilities
  
(355,885)
(43,321)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(355,985)
(43,421)

  
(355,885)
(43,321)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
R J Wilkinson
Page 1

 
ZINCK AVIATION LIMITED
REGISTERED NUMBER: 14519257
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

Director

Date: 2 June 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
ZINCK AVIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Zinck Aviation Limited is a private company limited by shares, incorporated in England and Wales with the registered number 14519257. The registered office is Nene House, 4 Rushmills, Northampton, NN4 7YB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ZINCK AVIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Aircraft
-
5%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
ZINCK AVIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Aircraft

£



Cost


At 1 January 2024
881,232


Additions
5,213,387



At 31 December 2024

6,094,619



Depreciation


At 1 January 2024
44,062


Charge for the year
302,527



At 31 December 2024

346,589



Net book value



At 31 December 2024
5,748,030



At 31 December 2023
837,170


5.


Debtors

2024
2023
£
£


Trade debtors
200,854
420

Other debtors
100
206,077

Prepayments
39,801
20,409

240,755
226,906



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,795
8,274


Page 5

 
ZINCK AVIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
84,005
26,589

Other creditors
16,594
8,749

Other taxation and social security
13,943
-

Other loans
3,700,192
1,076,580

Accruals and deferred income
7,036
3,753

3,821,770
1,115,671



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,538,695
-


Bank loans are secured by way of a charge over one of the Company's aircraft. 


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
3,700,192
1,076,580


3,700,192
1,076,580


Amounts falling due 2-5 years

Bank loans
2,538,695
-


2,538,695
-


6,238,887
1,076,580


Page 6

 
ZINCK AVIATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Related party transactions

Included within creditors are loans of £3,700,192 (2023 - £Nil) due to R.J. Wilkinson Holdings Ltd and £Nil (2023 - £1,076,580) due to Robert Wilkinson Investments Ltd, both companies under common control. The loans are interest free and repayable on demand.

 
Page 7