Company No:
Contents
| Directors | O J Cripps (Appointed 18 October 2023) |
| A Shojaat (Appointed 18 October 2023) |
| Registered office | Unit C3 |
| Woolborough Lane | |
| Crawley | |
| West Sussex | |
| RH10 9AG | |
| United Kingdom |
| Company number | 15220609 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| Plus X Innovation Hub | |
| Lewes Road | |
| Brighton | |
| East Sussex | |
| BN2 4GL |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that Pioneer Aero UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pioneer Aero UK Limited. You consider that Pioneer Aero UK Limited is exempt from the statutory audit requirement for the financial period.
We have not been instructed to carry out an audit or a review of the financial statements of Pioneer Aero UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Lewes Road
Brighton
East Sussex
BN2 4GL
| Note | 31.12.2024 | |
| £ | ||
| Current assets | ||
| Debtors | 3 |
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| Cash at bank and in hand | 4 |
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| 78,091 | ||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 29,187 | |
| Total assets less current liabilities | 29,187 | |
| Net assets |
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| Capital and reserves | ||
| Called-up share capital | 6 |
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| Profit and loss account |
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Pioneer Aero UK Limited (registered number:
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O J Cripps
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Pioneer Aero UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit C3, Woolborough Lane, Crawley, West Sussex, RH10 9AG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest whole Pound (£).
The directors continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
| Period from 18.10.2023 to 31.12.2024 |
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| Monthly average number of persons employed by the Company during the period, including directors |
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| 31.12.2024 | |
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| Prepayments |
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| 31.12.2024 | |
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| Cash at bank and in hand |
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| Amounts owed to Group undertakings |
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| Accruals |
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| 31.12.2024 | |
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Pensions
The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,579. There is no amount outstanding at the end of the period.
Other related party transactions
Pioneer Aero Supply LLC
(Parent Company)
During the year Pioneer Aero Supply LLC provided an unsecured interest free loan to Pioneer Aero UK Limited. The loan is repayable on demand. At the balance sheet date the amount owed to Pioneer Aero Supply LLC was £4,096.