Northumbria Aeronautical Collection Limited

Northumbria Aeronautical Collection Limited
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Current assets
Stocks	3	6,517	5,620
Cash at bank and in hand		3,018	8,342
		9,535	13,962
Creditors: amount falling due within one year	4	(4,749)	(9,176)
Net current assets		4,786	4,786

Total assets less current liabilities		4,786	4,786
Net assets		4,786	4,786

Capital and reserves
Called up share capital		2	2
Profit and loss account		4,784	4,784
Shareholders' funds		4,786	4,786

For the year ended 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 09 September 2025 and were signed on its behalf by:

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D Charles
Director

Northumbria Aeronautical Collection Limited
Notes to the Financial Statements
For the year ended 31 December 2024

General Information

Northumbria Aeronautical Collection Limited is a private company, limited by shares, registered in England and Wales, registration number 01903986, registration address Old Washington Road, Sunderland, SR5 3HE.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under going concern and the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees NIL (2023 - NIL) Average number of employees during the year was 0 (2023 : 0).

Stocks

	2024 £		2023 £
Stocks	6,517		5,620
	6,517		5,620

Creditors: amount falling due within one year

	2024 £	2023 £
Inter Company Account	4,099	8,552
Accrued Expenses	650	624
	4,749	9,176

Registered Number: 01903986
England and Wales
NORTHUMBRIA AERONAUTICAL COLLECTION LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 January 2024 End date: 31 December 2024