Company No: 03050674 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

J Marcus

Registered office	One Maydwell Avenue
	Slinfold
	Horsham
	England
	RH13 0AS
	United Kingdom

Company number

03050674 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	114,752		36,700
		114,752		36,700
Current assets
Debtors	4	1,039,964		989,339
Cash at bank and in hand	5	66,857		71,356
		1,106,821		1,060,695
Creditors: amounts falling due within one year	6	( 254,766)		( 160,882)
Net current assets		852,055		899,813
Total assets less current liabilities		966,807		936,513
Creditors: amounts falling due after more than one year	7	( 46,104)		0
Provision for liabilities	8	( 8,888)		( 6,723)
Net assets		911,815		929,790
Capital and reserves
Called-up share capital	9	60,000		60,000
Profit and loss account		851,815		869,790
Total shareholder's funds		911,815		929,790

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Touchdown Aviation Limited (registered number: 03050674) were approved and authorised for issue by the Director on 23 September 2025. They were signed on its behalf by:

J Marcus Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Touchdown Aviation Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The registered number is 03050674. The address of the Company's registered office is One Maydwell Avenue, Slinfold, Horsham, England, RH13 0AS.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	33 % reducing balance
Fixtures and fittings	15 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	13		10

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	8,885		9,575		77,740		23,165		119,365
Additions	886		59,313		32,494		2,324		95,017
At 31 December 2024	9,771		68,888		110,234		25,489		214,382
Accumulated depreciation
At 01 January 2024	6,037		9,401		50,265		16,962		82,665
Charge for the financial year	499		8,565		6,808		1,093		16,965
At 31 December 2024	6,536		17,966		57,073		18,055		99,630
Net book value
At 31 December 2024	3,235		50,922		53,161		7,434		114,752
At 31 December 2023	2,848		174		27,475		6,203		36,700
Leased assets included above:
Net book value
At 31 December 2024	0		48,397		0		0		48,397
At 31 December 2023	0		0		0		0		0

4. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	895,958		968,889
Other debtors	144,006		20,450
	1,039,964		989,339

5. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	66,857		71,356

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	130,077		26,602
Accruals	6,090		5,000
Corporation tax	0		24,834
Other taxation and social security	23,059		16,141
Obligations under finance leases and hire purchase contracts	6,863		0
Other creditors	88,677		88,305
	254,766		160,882

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Obligations under finance leases and hire purchase contracts	46,104		0

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 6,723)		( 6,101)
Charged to the Profit and Loss Account	( 2,165)		( 622)
At the end of financial year	( 8,888)		( 6,723)

The deferred taxation balance is made up as follows:

	2024		2023
	£		£
Accelerated capital allowances	( 28,418)		( 6,723)
Tax losses carry forward	19,270		0
Other timing differences	260		0
	( 8,888)		( 6,723)

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
60,000 Ordinary shares of £ 1.00 each	60,000		60,000

10. Financial commitments

Commitments

The company has future minimum lease payments due under non-cancellable operating leases.

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	195,366		112,200
between one and five years	416,816		196,350
after five years	415,832		0
	1,028,014		308,550

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,355 (2023 - £8,916). Contributions totalling £2,434 (2023 - £2,061) were payable to the fund at the balance sheet date and are included in other creditors.

11. Related party transactions

During the year Touchdown Aviation Limited continued to provide a loan to its parent company, TDA Holdings B.V. During the year TDA Holdings B.V. repaid £72,931 (2023 - £40,670). The balance due from TDA Holdings B.V. at 31 December 2024 was £885,958 (2023 - £958,889).

During the year there was no movement on the loan between Touchdown Aviation Limited and Touchdown Aviation Northern Territories, a connected group entity. The balance due from Touchdown
Aviation Northern Territories at 31 December 2024 was £10,000 (2023 - £10,000).