REGISTERED NUMBER: 10513052 (England and Wales)

APA ASSOCIATED ENTERPRISES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Air Cdre M L Roberts CBE

AirMarshal G J Bagwell CB CBE

C Elliott

The Air Power Association Ltd

Registered office:

Gloucester House

Market Place

Fairford

GL7 4AB

Registered number:

10513052 (England and Wales)

Accountants:

Chanter, Browne & Curry

1 Plato Place

72-74 St Dionis Road

Fulham

London

SW6 4TU

Current assets

Debtors

5

42,135

45,103

Cash at bank

171,256

113,526

213,391

158,629

Creditors

Amounts falling due within one year

6

76,247

106,731

Net current assets

137,144

51,898

Total assets less current liabilities

137,144

51,898

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

136,144

50,898

137,144

51,898

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 profit or loss 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 8 September 2025 and were signed on its behalf by:

Air Cdre M L Roberts CBE - Director

1.	Statutory information

APA Associated Enterprises Ltd 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

Turnover represents ticket sales in respect of events that have taken place during the financial period and sponsorship income receivable. Amounts received in advance of events taking place after the balance sheet date are included in creditors. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	Employees and directors

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

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2024

and 31 December 2024

1,856

Depreciation

At 1 January 2024

and 31 December 2024

1,856

Net book value

At 31 December 2024

-

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

42,135

42,977

Other debtors

-

2,126

42,135

45,103

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

630

39,254

Taxation and social security

41,917

18,635

Other creditors

33,700

48,842

76,247

106,731