REGISTERED NUMBER: 05486550 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2024

for

AutoGyro Certification Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

G A Speich

SECRETARY:

Mrs J E Speich

REGISTERED OFFICE:

Poplar Farm

Prolly Moor Wentor

Bishops Castle

Sth Shropshire

SY9 5EJ

REGISTERED NUMBER:

05486550 (England and Wales)

AUDITORS:

WR Partners

Chartered Accountants and Statutory Auditor

Belmont House

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

BANKERS:

HSBC Bank PLC

1 Broad Street

Leominster

Herefordshire

HR6 8BU

FIXED ASSETS

Intangible assets

5

-

-

Property, plant and equipment

6

1,680

1,763

1,680

1,763

CURRENT ASSETS

Debtors

7

180,169

203,322

Cash at bank and in hand

28,711

1,679

208,880

205,001

CREDITORS

Amounts falling due within one year

8

161,093

168,351

NET CURRENT ASSETS

47,787

36,650

TOTAL ASSETS LESS CURRENT LIABILITIES

49,467

38,413

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

49,367

38,313

49,467

38,413

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 director and authorised for issue on 27 August 2025 and were signed by:

G A Speich - Director

1.	STATUTORY INFORMATION

AutoGyro Certification Limited is a private company, limited by shares , 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

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

Development expenditure

Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

30% on reducing balance

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	AUDITORS' REMUNERATION

2024

2023

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

3,520

3,350

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

207,854

AMORTISATION

At 1 January 2024

and 31 December 2024

207,854

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

2,130

2,389

4,519

Additions

47

115

162

At 31 December 2024

2,177

2,504

4,681

DEPRECIATION

At 1 January 2024

1,526

1,230

2,756

Charge for year

222

23

245

At 31 December 2024

1,748

1,253

3,001

NET BOOK VALUE

At 31 December 2024

429

1,251

1,680

At 31 December 2023

604

1,159

1,763

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

176,393

199,956

Other debtors

3,776

3,366

180,169

203,322

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,529

4,961

Amounts owed to group undertakings

1,108

1,108

Taxation and social security

23,553

31,455

Other creditors

132,903

130,827

161,093

168,351

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Helen Pierce (Senior Statutory Auditor)

for and on behalf of WR Partners

10.	RELATED PARTY DISCLOSURES

Included in creditors due within one year is an amount of £106,645 (2023: £121,468) due to the director of the company. No interest is charged on this loan. The loan is repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is AutoGyro Advanced Concepts Holding AG, a company incorporated in Switzerland and which holds a 100% interest in the shareholding of the company.The registered office of the parent company is c/o Maygold Ltd, Baarerstrasse 8, CH-6300 Zug.

12.	ULTIMATE PARENT UNDERTAKING

The ultimate holding company is AutoGyro Investment Holding Ltd, a company incorporated in Switzerland, which is a majority shareholder in AutoGyro Advanced Concepts Holding AG, which in turn owns 100% of the issued share capital of AutoGyro Certification Limited.