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Registered number: 15018770
Astrajet Ltd
Financial Statements
For the Period 1 October 2023 to 31 December 2024
Kent Coast Accounts Ltd
AAT Licenced Accountants
Marlowe Innovation Centre
Marlowe Way
Ramsgate
Kent
CT12 6FA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15018770
31 December 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 339
Tangible Assets 5 2,263,808
2,264,147
CURRENT ASSETS
Debtors 6 117,207
Cash at bank and in hand 19,194
136,401
Creditors: Amounts Falling Due Within One Year 7 (120,976 )
NET CURRENT ASSETS (LIABILITIES) 15,425
TOTAL ASSETS LESS CURRENT LIABILITIES 2,279,572
Creditors: Amounts Falling Due After More Than One Year 8 (109,985 )
NET ASSETS 2,169,587
CAPITAL AND RESERVES
Called up share capital 9 100
Other reserves 2,270,835
Profit and Loss Account (101,348 )
SHAREHOLDERS' FUNDS 2,169,587
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William VAN KLAVEREN
Director
27th May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Astrajet Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15018770 . The registered office is 16 City Business Centre, Hyde Street, Winchester, Hampshire, SO23 7TA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Hourly Flight Charters
Revenue from ad hoc or contracted flight charters sold by the hour is recognised at the point of delivery — when the flight has been completed and the service has been rendered. Revenue is measured at the fair value of consideration received or receivable.
Prepaid Membership Hours
Clients may purchase blocks of flight hours in advance under a prepaid membership programme.  These hours are non-refundable and subject to an expiry period.
  • Revenue is initially deferred and recognised as a liability in the balance sheet under “Deferred Income”.
  • As flight services are provided and hours are redeemed, the corresponding proportion of revenue is recognised in the profit and loss account.
  • Any unused hours that expire are recognised as turnover at the point of expiry, as the company is no longer obligated to provide services for those hours.
Measurement and Recognition Criteria
Revenue is recognised only when all of the following conditions are met:
  • The amount of revenue can be reliably measured;
  • It is probable that the economic benefits will flow to the company;
  • The stage of completion of the service can be reliably measured (for flight delivery);
  • The costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are legal and trademark fees. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 4 years, straight line
Aircraft Costs 25 years, straight line
Aircrafts are stated at cost less accumulated depreciation and any accumulated impairment losses.
Aircraft are stated at cost less accumulated depreciation and any impairment losses.
Depreciation is charged on a straight-line basis over 25 years, reflecting the estimated useful economic life of the aircraft. A residual value of 5% of the original cost is assumed. The residual value and useful life are both reviewed annually and adjusted prospectively where necessary to reflect operational usage, condition, and prevailing market factors.
Where component accounting is applicable, significant parts of the aircraft (such as engines, interiors, or avionics) that have materially different useful lives are depreciated separately over their respective useful lives. These components are identified and accounted for individually where such treatment provides more reliable and relevant financial information.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
Page 2
Page 3
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 -
Additions 360
As at 31 December 2024 360
Amortisation
As at 1 October 2023 -
Provided during the period 21
As at 31 December 2024 21
Net Book Value
As at 31 December 2024 339
As at 1 October 2023 -
5. Tangible Assets
Plant & Machinery Aircraft Costs Total
£ £ £
Cost
As at 1 October 2023 - - -
Additions 167 2,279,224 2,279,391
As at 31 December 2024 167 2,279,224 2,279,391
Depreciation
As at 1 October 2023 - - -
Provided during the period 3 15,580 15,583
As at 31 December 2024 3 15,580 15,583
Net Book Value
As at 31 December 2024 164 2,263,644 2,263,808
As at 1 October 2023 - - -
6. Debtors
31 December 2024
£
Due within one year
Trade debtors 64,757
Other debtors 47,450
112,207
Due after more than one year
Other debtors 5,000
117,207
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 69,092
Other creditors 50,656
Taxation and social security 1,228
120,976
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024
£
Other creditors 109,985
9. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 100
10. Related Party Transactions
During the year, the Company paid £24,000 to Archery Consulting Limited, a company wholly owned and controlled by the sole director, in respect of consultancy services.
The directors consider the transaction to have been carried out on an arm’s length basis and in the normal course of business.
Page 4