Airprop Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11095591

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		475,000		-

			475,000		-
CURRENT ASSETS
Debtors	5	5,535		100,000
Cash at bank and in hand		1,520		-

		7,055		100,000
Creditors: Amounts Falling Due Within One Year	6	(127,788 )		(51,318 )

NET CURRENT ASSETS (LIABILITIES)			(120,733 )		48,682

TOTAL ASSETS LESS CURRENT LIABILITIES			354,267		48,682

Creditors: Amounts Falling Due After More Than One Year	7		(348,653 )		(19,179 )

NET ASSETS			5,614		29,503

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			5,514		29,403

SHAREHOLDERS' FUNDS			5,614		29,503

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Airprop Ltd

Balance Sheet (continued)

As At 30 December 2024

For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Paul Alexander Airey

Director

25 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Airprop Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11095591 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.

2.3. Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:

Income from investment properties

Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 2)

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 31 December 2023	-
Additions	475,889
Revaluation	(889 )

As at 30 December 2024	475,000

Net Book Value
As at 30 December 2024	475,000

As at 31 December 2023	-

The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe the their valuation would not be materially different from the professional valuation

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Airprop Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	5,535	-
Amounts owed by other related parties	-	100,000

	5,535	100,000

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	3,292	3,202
Corporation tax	-	6,365
Other creditors	4,775	-
Accruals and deferred income	2,625	1,110
Directors' loan accounts	45,141	11
Amounts owed to related company	27,154	2,996
Amounts owed to related parties	44,801	37,634

	127,788	51,318

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	340,694	19,179
Other creditors	7,959	-

	348,653	19,179

8. Secured Creditors

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	325,125		-

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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Airprop Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

10. Related Party Transactions

Included in creditors due within one year is an amount of £45,141 (2023: £11 ) owed to its directors. The amount is interest free and repayable on demand.

Included in creditors due within one year is an amount of £44,801 (2023: £37,634) owed to a related party. The amount is interest free and repayable on demand.

Included in debtors due within one year is an amount of £0 (2023): £100,000) owed by a company in which the director has beneficial interest. The amount is interest free and receivable on demand.

Included in creditors due within one year is an amount of £27,154 (2023: £2,996) owed to related company. The amount is interest free and repayable on demand.

11. Controlling Party

The company's controlling party is Mr. Paul Airey by virtue of the ownership of 90% of the issued share capital in the company.

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