Silverfin false false 31/12/2024 18/10/2023 31/12/2024 O J Cripps 18/10/2023 A Shojaat 18/10/2023 17 July 2025 The principal activity during the period was that of operation of warehousing and storage facilities for air transport activities. 15220609 2024-12-31 15220609 bus:Director1 2024-12-31 15220609 bus:Director2 2024-12-31 15220609 core:CurrentFinancialInstruments 2024-12-31 15220609 core:ShareCapital 2024-12-31 15220609 core:RetainedEarningsAccumulatedLosses 2024-12-31 15220609 bus:OrdinaryShareClass1 2024-12-31 15220609 2023-10-18 2024-12-31 15220609 bus:FilletedAccounts 2023-10-18 2024-12-31 15220609 bus:SmallEntities 2023-10-18 2024-12-31 15220609 bus:AuditExemptWithAccountantsReport 2023-10-18 2024-12-31 15220609 bus:PrivateLimitedCompanyLtd 2023-10-18 2024-12-31 15220609 bus:Director1 2023-10-18 2024-12-31 15220609 bus:Director2 2023-10-18 2024-12-31 15220609 bus:OrdinaryShareClass1 2023-10-18 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15220609 (England and Wales)

PIONEER AERO UK LIMITED

Unaudited Financial Statements
For the financial period from 18 October 2023 to 31 December 2024
Pages for filing with the registrar

PIONEER AERO UK LIMITED

Unaudited Financial Statements

For the financial period from 18 October 2023 to 31 December 2024

Contents

PIONEER AERO UK LIMITED

COMPANY INFORMATION

For the financial period from 18 October 2023 to 31 December 2024
PIONEER AERO UK LIMITED

COMPANY INFORMATION (continued)

For the financial period from 18 October 2023 to 31 December 2024
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

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PIONEER AERO UK LIMITED

For the financial period from 18 October 2023 to 31 December 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PIONEER AERO UK LIMITED (continued)

For the financial period from 18 October 2023 to 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pioneer Aero UK Limited for the financial period ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

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.

This report is made solely to the Board of Directors of Pioneer Aero UK Limited, as a body, in accordance with the terms of our engagement letter dated 20 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Pioneer Aero UK Limited and state those matters that we have agreed to state to the Board of Directors of Pioneer Aero UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pioneer Aero UK Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL

17 July 2025

PIONEER AERO UK LIMITED

BALANCE SHEET

As at 31 December 2024
PIONEER AERO UK LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024
£
Current assets
Debtors 3 3,874
Cash at bank and in hand 4 74,217
78,091
Creditors: amounts falling due within one year 5 ( 48,904)
Net current assets 29,187
Total assets less current liabilities 29,187
Net assets 29,187
Capital and reserves
Called-up share capital 6 100
Profit and loss account 29,087
Total shareholder's funds 29,187

For the financial 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.

Directors' responsibilities:

The financial statements of Pioneer Aero UK Limited (registered number: 15220609) were approved and authorised for issue by the Board of Directors on 17 July 2025. They were signed on its behalf by:

O J Cripps
Director
PIONEER AERO UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 October 2023 to 31 December 2024
PIONEER AERO UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 October 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

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 (£).

Going concern

The directors continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

2. Employees

Period from
18.10.2023 to
31.12.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 3

3. Debtors

31.12.2024
£
Prepayments 1,919
Other debtors 1,955
3,874

4. Cash and cash equivalents

31.12.2024
£
Cash at bank and in hand 74,217

5. Creditors: amounts falling due within one year

31.12.2024
£
Amounts owed to Group undertakings 4,096
Accruals 3,500
Taxation and social security 41,308
48,904

6. Called-up share capital

31.12.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

On incorporation, 100 ordinary shares of £1 each were issued and paid at par.

7. Financial commitments

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.

8. Related party transactions

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.