| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 June 2025 |
| for |
| 25 Repair Centre Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 June 2025 |
| for |
| 25 Repair Centre Limited |
| 25 Repair Centre Limited (Registered number: 06372641) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| 25 Repair Centre Limited |
| Company Information |
| for the Year Ended 30 June 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 823 Salisbury House |
| 29 Finsbury Circus |
| London |
| EC2M 5QQ |
| BANKERS: |
| 74/75 East Street |
| Chichester |
| West Sussex |
| PO19 1HR |
| 25 Repair Centre Limited (Registered number: 06372641) |
| Balance Sheet |
| 30 June 2025 |
| 2025 | 2024 |
| Notes | $ | $ | $ | $ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| 25 Repair Centre Limited (Registered number: 06372641) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2025 |
| 1. | STATUTORY INFORMATION |
| 25 Repair Centre Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going Concern |
| The financial statements are prepared in accordance with the historical cost convention and on a going concern basis assuming the continued financial support of the parent company. The parent company has confirmed that it will maintain financial support for the foreseeable future to enable the company to continue normal trading operations. |
| Turnover |
| Turnover from sales and trading and finished goods is recognized as turnover when the transition of the main benefits and risks to the buyer, the turnover can be made up reliably and payment is expected to be received. The time of release of the most essential benefits and risks based on standardized delivery conditions based on Incoterms 2010. |
| Turnover is measured at the fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts and rebates granted are recognised in turnover. |
| Interest and similar income and charges |
| Interest and similar income and charges are recognised in the profit and loss account over the term of such instruments at a constant rate on the carrying amount. |
| Foreign currencies |
| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Financial instruments |
| The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
| Tangible assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Short leasehold | in accordance with the property lease |
| Plant and machinery | 20% per annum, straight line basis |
| Fixtures and fittings | 20% per annum, straight line basis |
| Computer equipment | 33% per annum, straight line basis |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Debtors |
| Debtors are valued individually and there are made provision according to this valuation. |
| 25 Repair Centre Limited (Registered number: 06372641) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Cash at bank and in hand |
| Cash at bank and in hand include cash holdings and bank deposit. |
| Creditors |
| Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost. |
| Taxation |
| Current tax and deferred taxation, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred taxation is provided in full on an undiscounted basis, on all timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in tax computations in periods different from those in which they are included in the financial statements. |
| Deferred tax assets are recognised where it is considered more likely than not that future profits will be available for offset. Tax asset is calculated on the basis of 25% in tax rate. |
| Local currency |
| Due to high cash inflows and outflows in dollar, the company considers dollar as its local currency. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| $ | $ | $ | $ |
| COST |
| At 1 July 2024 |
| Additions |
| At 30 June 2025 |
| DEPRECIATION |
| At 1 July 2024 |
| Charge for year |
| At 30 June 2025 |
| NET BOOK VALUE |
| At 30 June 2025 |
| At 30 June 2024 |
| 5. | STOCKS |
| 2025 | 2024 |
| $ | $ |
| Goods for resale |
| 25 Repair Centre Limited (Registered number: 06372641) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| $ | $ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| WIP | 11,040 | 11,025 |
| Group relief, corporation tax |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| $ | $ |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| Accrued expenses |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| $ | $ |
| Within one year |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | $ | $ |
| Ordinary | 1 | 2 | 2 |
| 10. | RESERVES |
| Retained |
| earnings |
| $ |
| At 1 July 2024 | ( |
) |
| Deficit for the year | ( |
) |
| At 30 June 2025 | ( |
) |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 25 Repair Centre Limited (Registered number: 06372641) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2025 |
| 12. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The company is ultimately controlled by the director K Krojby, who is also a director of its parent company Leki Limited, and Leki Aviation A/S which is incorporated in Denmark. |
| The immediate parent undertaking is Leki Limited, a company incorporated and registered in United Kingdom. |
| Leki Aviation A/S (incorporated in Denmark) is the smallest group to consolidate these financial statements and copies can be obtained from: |
| Leki Aviation A/S |
| Amager Landevej 278 |
| 2770 Kastrup |
| Denmark |