REGISTERED NUMBER: 00746513

Financial Statements

for the Year Ended 31 January 2025

for

Herefordshire Aero Club Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Anderson

G Cook

C P Giddins

G P Hotchen

M J Jones

G Neal

J A Stanton

REGISTERED OFFICE:

Shobdon Airfield

Shobdon

Leominster

Herefordshire

HR6 9NR

REGISTERED NUMBER:

00746513

ACCOUNTANTS:

Thorne Widgery Accountancy Ltd

Chartered Accountants

2 Wyevale Business Park

Kings Acre

Hereford

Herefordshire

HR4 7BS

FIXED ASSETS

Tangible assets

4

154,841

136,196

CURRENT ASSETS

Stocks

54,979

54,979

Debtors

58,671

71,356

Cash at bank and in hand

103,442

161,963

217,092

288,298

CREDITORS

Amounts falling due within one year

(112,618

)

(99,361

)

NET CURRENT ASSETS

104,474

188,937

TOTAL ASSETS LESS CURRENT LIABILITIES

259,315

325,133

CREDITORS

Amounts falling due after more than one year

(9,818

)

(22,909

)

NET ASSETS

249,497

302,224

RESERVES

Retained earnings

249,497

302,224

249,497

302,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 August 2025 and were signed on its behalf by:

G P Hotchen - Director

1.	STATUTORY INFORMATION

Herefordshire Aero Club Ltd is a private company, limited by shares , registered in Not specified/Other. 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 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

Tangible fixed assets other than freehold land and aircraft are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Property improvements

20% Straight line

Caravan park improvements

20% Straight line

Club equipment

20% Reducing balance

Computer equipment

33% Straight line

Maintenance workshop improvements

20% Straight line

Aircraft are depreciated by writing off such amounts as are required to state book values in line with market values.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

603,199

Additions

41,824

At 31 January 2025

645,023

DEPRECIATION

At 1 February 2024

467,003

Charge for year

23,179

At 31 January 2025

490,182

NET BOOK VALUE

At 31 January 2025

154,841

At 31 January 2024

136,196

5.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and does not have any share capital.