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REGISTERED NUMBER: 01290725 (England and Wales)











Financial Statements

for the Period 1 December 2023 to 30 June 2024

for

Bulldog Aviation Limited

Bulldog Aviation Limited (Registered number: 01290725)






Contents of the Financial Statements
for the Period 1 December 2023 to 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Bulldog Aviation Limited

Company Information
for the Period 1 December 2023 to 30 June 2024







DIRECTOR: K T Barber





REGISTERED OFFICE: Earls Colne Airfield
Earls Colne
Essex
CO6 2NS





REGISTERED NUMBER: 01290725 (England and Wales)





AUDITORS: Knights Lowe Limited
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Bulldog Aviation Limited (Registered number: 01290725)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,307,790 1,270,622

CURRENT ASSETS
Debtors 5 45,580 63,710
Cash at bank 37,590 29,651
83,170 93,361
CREDITORS
Amounts falling due within one year 6 1,197,917 1,138,512
NET CURRENT LIABILITIES (1,114,747 ) (1,045,151 )
TOTAL ASSETS LESS CURRENT LIABILITIES 193,043 225,471

PROVISIONS FOR LIABILITIES 306,943 296,540
NET LIABILITIES (113,900 ) (71,069 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (114,000 ) (71,169 )
SHAREHOLDERS' FUNDS (113,900 ) (71,069 )

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 16 May 2025 and were signed by:





K T Barber - Director


Bulldog Aviation Limited (Registered number: 01290725)

Notes to the Financial Statements
for the Period 1 December 2023 to 30 June 2024

1. STATUTORY INFORMATION

Bulldog 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 (£).


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.

Going concern
Although at the statement of financial position date the company had net current liabilities of £1,114,747 (2023: £1,045,151), included within creditors falling due within one year is £1,173,711 (2023: £1,107,814) due to fellow group companies. Repayment of these intercompany amounts will not be sought until the company's cashflow permits. In view of this ongoing support, the director has a reasonable expectation that the company will remain in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
In preparing these financial statements the director has made the following significant judgements and estimates:-

Tangible fixed assets
Tangible fixed assets are depreciated over their estimated useful economic lives taking into account, where relevant, their estimated residual values. Useful economic lives and residual values are re-assessed annually and amended as considered necessary to reflect economic utilisation and physical condition of the assets.

Turnover
Turnover 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 the cost less estimated residual value of each asset over its estimated useful life.

Airfield runway- Straight line over 30 years
Aircraft hangars- Straight line over 25 years
Plant and machinery- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Aircraft- 5% on cost

Aircraft are depreciated at a rate of 5% using the straight line basis for the first ten years of their life. After this aircraft are deemed to have reached their residual valuation due to the required regular maintenance maintaining their level of operational performance.

Bulldog Aviation Limited (Registered number: 01290725)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation
Taxation for the period 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 period 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.

Change of accounting reference date
Following the demerger of the Colne Valley Aviation group from the Colne Valley Electrical group on 27 June 2024, the company changed its accounting reference date from 30 November to 30 June. Accordingly, these financial statements cover the seven month period ended 30 June 2024 with the comparative figures covering the twelve month period ended 30 November 2023.

3. EMPLOYEES AND DIRECTORS

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

Bulldog Aviation Limited (Registered number: 01290725)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Airfield Aircraft Plant and
runway hangars machinery
£    £    £   
COST
At 1 December 2023 127,213 71,617 18,442
Additions - - 8,750
Disposals - - (18,442 )
Impairments - - -
At 30 June 2024 127,213 71,617 8,750
DEPRECIATION
At 1 December 2023 89,048 33,815 18,414
Charge for period 2,474 1,671 211
Eliminated on disposal - - (18,442 )
At 30 June 2024 91,522 35,486 183
NET BOOK VALUE
At 30 June 2024 35,691 36,131 8,567
At 30 November 2023 38,165 37,802 28

Motor
Aircraft vehicles Totals
£    £    £   
COST
At 1 December 2023 1,425,406 25,000 1,667,678
Additions 63,871 - 72,621
Disposals - - (18,442 )
Impairments - (5,000 ) (5,000 )
At 30 June 2024 1,489,277 20,000 1,716,857
DEPRECIATION
At 1 December 2023 255,779 - 397,056
Charge for period 26,097 - 30,453
Eliminated on disposal - - (18,442 )
At 30 June 2024 281,876 - 409,067
NET BOOK VALUE
At 30 June 2024 1,207,401 20,000 1,307,790
At 30 November 2023 1,169,627 25,000 1,270,622

Included within aircraft are aircraft with a net book value of £815,514 (2023: £841,344) which, due to registration requirements, are held in an aircraft trust. Substantially all of the risks and rewards incidental to ownership of these aircraft have however been transferred to the company and hence they are recognised as company assets.

The motor vehicle, which is currently not being actively used in the business, has been written down to its estimated market value.

Bulldog Aviation Limited (Registered number: 01290725)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,850 9,693
Amounts owed by group undertakings - 13,232
Other debtors 39,730 40,785
45,580 63,710

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,300 17,823
Amounts owed to group undertakings 1,173,711 1,107,814
Other creditors 21,906 12,875
1,197,917 1,138,512

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 67,872 67,872
Between one and five years 271,488 271,488
In more than five years 39,593 107,465
378,953 446,825

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Mortimer FCA FCCA (Senior Statutory Auditor)
for and on behalf of Knights Lowe Limited

10. RELATED PARTY TRANSACTIONS

The company provides the use of its aircraft and facilities to Anglian Flight Centres Limited, a fellow subsidiary. No amounts are received for this use on the basis that Anglian Flight Centres Limited covers their appropriate service and maintenance costs.

Bulldog Aviation Limited (Registered number: 01290725)

Notes to the Financial Statements - continued
for the Period 1 December 2023 to 30 June 2024

11. CONTROLLING PARTY

On 27 June 2024 Colne Valley Aviation Limited and its subsidiaries, which includes this company, were demerged from the group headed up by Colne Valley Electrical Limited. Following the demerger, the controlling party became Colne Valley Aviation Holdings Ltd whose registered office is at Earls Colne Airfield, Earls Colne, Essex, C06 2NS.