Fal Aviation Uk Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 05301982 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FAL AVIATION UK LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B F M Al Athel

M F M Al Athel

T F M Al Athel

Ms S M O'Dwyer

REGISTERED OFFICE:

Lydd Airport

LYDD

Kent

TN29 9QL

REGISTERED NUMBER:

05301982 (England and Wales)

AUDITORS:

McCabe Ford Williams

Chartered Accountants and Statutory Auditors

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

4

-

CURRENT ASSETS

Debtors

5

5,737

22,693

Cash at bank

1,950

1,790

7,687

24,483

CREDITORS

Amounts falling due within one year

6

1,274,675

1,268,883

NET CURRENT LIABILITIES

(1,266,988

)

(1,244,400

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,266,988

)

(1,244,400

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(1,267,088

)

(1,244,500

)

SHAREHOLDERS' FUNDS

(1,266,988

)

(1,244,400

)

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 25 September 2025 and were signed on its behalf by:

Ms S M O'Dwyer - Director

1.	STATUTORY INFORMATION

Fal Aviation UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net invoiced sales of goods and services, excluding value added tax.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on 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 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.

Foreign currencies

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

balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

9,047

32,213

11,094

52,354

DEPRECIATION

At 1 January 2024

and 31 December 2024

9,047

32,213

11,094

52,354

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

3,257

19,087

VAT

2,480

3,606

5,737

22,693

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

-

161

Amounts owed to group undertakings

1,271,426

1,265,472

Accrued expenses

3,249

3,250

1,274,675

1,268,883

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

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

The Report of the Auditors was unqualified.

Jonathan Fullarton BSc (Hons) FCA (Senior Statutory Auditor)

for and on behalf of McCabe Ford Williams

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed an amount of £1,257,900 (2023 - £1,257,900) to Lydd Holdings Limited, the parent company. The balance is interest free, unsecured and payable on demand.

At the balance sheet date the company owed an amount of £13,526 (2023 - £7,572) to Lydd Airport Limited, a fellow subsidiary. The balance is interest free, unsecured and payable on demand.

10.	PARENT COMPANY

The parent company is Lydd Holdings Limited, the registered address of which is Geneva Place, Waterfront Drive, PO Box 3469, Road Town, Tortola, British Virgin Islands.

During 2024 the share capital of Lydd Holdings Limited was owned by F M S Al Athel. On 30 March 2025 the full share capital of Lydd Holdings Limited was transferred from F M S Al Athel in equal amounts to B F M Al Athel, M F M Al Athel and H F M Al Athel.

11.	GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis may not be appropriate because, at 31 December 2024, the liabilities of the company exceed the assets of the company by £1,266,988 (2023 - £1,244,400) and, during the year, the company made a loss of £22,588 (2023 - £10,090). Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their recoverable amount, to provide any liabilities which might arise and to reclassify fixed assets and long term liabilities. The going concern basis has been applied on the basis that the company can rely on the financial support of the parent company and the Al Athel family.