REGISTERED NUMBER: 07211686 (England and Wales)

THE ROYAL AIR SQUADRON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Sir C N Harper

Mrs M J Hunter

A S D Lyons

Ms S A C Whitcombe

P L Fernandes

A Wimble

D J M B Ponte

SECRETARY:

A Wimble

REGISTERED OFFICE:

424 Margate Road

Westwood

Ramsgate

Kent

CT11 6SJ

REGISTERED NUMBER:

07211686 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

Chartered Certified Accountants

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

BANKERS:

Coutts & Co

440 Strand

London

WC2R 0QS

CURRENT ASSETS

Stocks

12,249

11,614

Debtors

4

19,652

14,758

Cash at bank

60,913

55,574

92,814

81,946

CREDITORS

Amounts falling due within one year

5

(12,692

)

(7,055

)

NET CURRENT ASSETS

80,122

74,891

TOTAL ASSETS LESS CURRENT LIABILITIES

80,122

74,891

RESERVES

Income and expenditure account

6

80,122

74,891

80,122

74,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2025 and were signed on its behalf by:

P L Fernandes - Director

1.	STATUTORY INFORMATION

The Royal Air Squadron Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover for events is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Debtors arising from events

13,193

13,829

Prepayments

6,459

929

19,652

14,758

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Creditors arising from events

10,918

4,477

Sundry creditors

-

885

Accrued expenses

1,774

1,693

12,692

7,055

6.

RESERVES

Income

and

expenditure

account

£

At 1 January 2024

74,891

Surplus for the year

5,231

At 31 December 2024

80,122