REGISTERED NUMBER: 05877749 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Flightpartner Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Burns

C Roderick

C A Burns

SECRETARY:

C A Burns

REGISTERED OFFICE:

The Terminal Building

Gloucestershire Airport

Cheltenham

Gloucestershire

GL51 6SR

REGISTERED NUMBER:

05877749 (England and Wales)

ACCOUNTANTS:

Andrew French & Co

Sebring House

22 Alameda Gardens

Sandy Lane

Wolverhampton

WV6 9EX

FIXED ASSETS

Tangible assets

4

5,020,419

5,020,456

CURRENT ASSETS

Debtors

5

920,029

914,527

Cash at bank and in hand

635,181

611,473

1,555,210

1,526,000

CREDITORS

Amounts falling due within one year

6

(857,565

)

(932,236

)

NET CURRENT ASSETS

697,645

593,764

TOTAL ASSETS LESS CURRENT LIABILITIES

5,718,064

5,614,220

CREDITORS

Amounts falling due after more than one year

7

(5,060,645

)

(5,060,645

)

PROVISIONS FOR LIABILITIES

(210,448

)

(210,448

)

NET ASSETS

446,971

343,127

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

445,971

342,127

SHAREHOLDERS' FUNDS

446,971

343,127

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 17 September 2025 and were signed on its behalf by:

R Burns - Director

1.	STATUTORY INFORMATION

Flightpartner 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rate(s), in order to write off each asset over it's estimated useful life.

Fixtures fittings & equipment 25% on the reducing balance

In accordance with FRS102(A) assets are revalued where the market value is significantly different to the asset carrying value as stated in the accounts, and the gain/loss attributable to the asset revaluation is included within reserves

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

5,069,075

DEPRECIATION

At 1 January 2024

48,619

Charge for year

37

At 31 December 2024

48,656

NET BOOK VALUE

At 31 December 2024

5,020,419

At 31 December 2023

5,020,456

Cost or valuation at 31 December 2024 is represented by:

Plant and

machinery

etc

£

Valuation in 2024

5,069,075

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

920,029

894,629

Other debtors

-

19,898

920,029

914,527

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

152

Trade creditors

559,013

674,244

Taxation and social security

42,899

56,073

Other creditors

255,653

201,767

857,565

932,236

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

5,060,645

5,060,645