Company registration number 05532247 (England and Wales)
AEROPROFESSIONAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
AEROPROFESSIONAL LIMITED
CONTENTS
Page
Chairman's statement
1
Accountants' report
2
Balance sheet
3 - 4
Statement of changes in equity
5
Notes to the financial statements
6 - 12
AEROPROFESSIONAL LIMITED
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

The Chairman presents his comments on the progress made by the Company during the year ended 31 January 2025.

Summary

The Company delivered a resilient performance in a challenging environment. While global passenger volumes returned to pre-pandemic levels in 2024, growth in some of the Company’s core markets remained subdued. Competitive pressures and lingering inflationary effects increased operational costs. Despite these headwinds, the Company maintained margin discipline and posted a solid set of results.

Markets

The Company remained focused on supplying flight crew, aircraft engineers, and aviation professionals to airlines and aviation businesses worldwide. Globally, the airline sector performed well, with inflation easing and consumer confidence improving. However, growth in the European market—central to the Company’s operations—lagged behind Asia-Pacific, the Middle East, and Africa. The Company faced intense competition from international agencies and clients shifting to in-house recruitment, requiring it to compete vigorously for every opportunity.

Finance

Turnover for the year was £7.17m, a 16% decrease from the prior period, resulting in a 14% drop in Net Fee Income (NFI). Notably, NFI as a proportion of turnover rose from 27% to 28%, reflecting the Company’s ability to preserve margins under pressure. Administrative expenses increased by 5%, driven primarily by inflation. Operating profit declined, but the Company still achieved a healthy pre-tax profit and strengthened its balance sheet by 19% year-on-year.

People & Management

During the year, the Company promoted a second Associate Director to lead the Delivery function, a key component of its high-volume capability. Overall headcount remained stable, and there were no changes to the Executive Board. The Company continued to refine its operating model, with a strong emphasis on performance measurement and individual contribution, ensuring both efficiency and recognition across teams.

The Year Ahead

The Company enters the new financial year with a robust opportunity pipeline and a positive outlook for NFI recovery. It remains vigilant to global developments, including political transitions and ongoing conflicts, which may present economic challenges requiring strategic agility. Despite competitive pressures, the Board is confident that the Company’s strong brand and reputation position it well for further growth. Significant RFP opportunities with major international airlines are within reach and targeted for conversion in the coming year.

Nick Trollope
Chairman
23 October 2025
AEROPROFESSIONAL LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AEROPROFESSIONAL LIMITED FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aeroprofessional Limited for the year ended 31 January 2025 set out on pages 3 to 12 from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the b oard of d irectors of Aeroprofessional Limited, as a body, in accordance with the terms of our engagement letter dated 19 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Aeroprofessional Limited and state those matters that we have agreed to state to the b oard of d irectors of Aeroprofessional Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aeroprofessional Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Aeroprofessional Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aeroprofessional Limited. You consider that Aeroprofessional Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aeroprofessional Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Azets
23 October 2025
Accountants
Third Floor, Gateway House
Tollgate
Chandlers Ford
Hampshire
United Kingdom
SO53 3TG
AEROPROFESSIONAL LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
21,895
22,866
Investments
5
4,591
4,591
26,486
27,457
Current assets
Debtors
6
824,818
846,394
Cash at bank and in hand
909,884
1,228,094
1,734,702
2,074,488
Creditors: amounts falling due within one year
7
(1,276,219)
(1,641,972)
Net current assets
458,483
432,516
Total assets less current liabilities
484,969
459,973
Creditors: amounts falling due after more than one year
8
(20,833)
(70,833)
Provisions for liabilities
(908)
(563)
Net assets
463,228
388,577
Capital and reserves
Called up share capital
9
119
119
Share premium account
1,940
1,940
Capital redemption reserve
8
8
Profit and loss reserves
461,161
386,510
Total equity
463,228
388,577

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

AEROPROFESSIONAL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 4 -
The financial statements were approved by the board of directors and authorised for issue on 23 October 2025 and are signed on its behalf by:
Mr N Trollope
Director
Company Registration No. 05532247
AEROPROFESSIONAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 February 2023
119
1,940
8
304,484
306,551
Year ended 31 January 2024:
Profit and total comprehensive income for the year
-
-
-
535,371
535,371
Dividends
-
-
-
(453,345)
(453,345)
Balance at 31 January 2024
119
1,940
8
386,510
388,577
Year ended 31 January 2025:
Profit and total comprehensive income for the year
-
-
-
276,504
276,504
Dividends
-
-
-
(201,853)
(201,853)
Balance at 31 January 2025
119
1,940
8
461,161
463,228
AEROPROFESSIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
1
Accounting policies
Company information

Aeroprofessional Limited is a private company limited by shares incorporated in England and Wales. The registered office is Athenia House, 10-14 Andover Road, Winchester, Hampshire, SO23 7BS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are r ecorded at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
33% Straight line

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.

1.4
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

AEROPROFESSIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 7 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
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 current liabilities.

1.7
Financial instruments

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors , cash and bank balances, and amounts owed by group undertakings and related parties, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

AEROPROFESSIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 8 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, ar e initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred taxation balance has not been discounted.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

AEROPROFESSIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 9 -
1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Foreign exchange
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling on the last day of each calendar month, as a close approximation to the date of transaction. All differences are taken to profit and loss account.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
26
27
3
Directors' remuneration
2025
2024
£
£
Remuneration paid to directors
205,759
218,320

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 3 (2024 - 3).

AEROPROFESSIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 10 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024
236,145
Additions
18,419
Disposals
(5,754)
At 31 January 2025
248,810
Depreciation and impairment
At 1 February 2024
213,279
Depreciation charged in the year
15,515
Eliminated in respect of disposals
(1,879)
At 31 January 2025
226,915
Carrying amount
At 31 January 2025
21,895
At 31 January 2024
22,866
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
4,591
4,591
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
181,326
220,684
Amounts owed by group undertakings
506,061
503,560
Other debtors
73,804
111,023
761,191
835,267
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
63,627
11,127
Total debtors
824,818
846,394
AEROPROFESSIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 11 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
50,000
50,000
Trade creditors
64,371
95,822
Corporation tax
51,804
101,806
Other taxation and social security
93,584
94,189
Other creditors
1,016,460
1,300,155
1,276,219
1,641,972
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
20,833
70,833

The long-term loans are secured by fixed and floating charges over all assets.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
95
95
95
95
Ordinary B Shares of £1 each
5
5
5
5
Ordinary C Shares of £1 each
17
17
17
17
Ordinary D Shares of 10p each
21
27
2
2
138
144
119
119

Only A, B and C share classes are eligible to receive dividends. Ordinary A and B shares confer full voting rights while C and D shares hold no voting rights. All shares have varying rights to distribution of capital.

During the year, the company bought back 6 D shares which were then cancelled on 02 August 2024.

10
Financial commitments, guarantees and contingent liabilities

There is a multilateral bank guarantee in place with the parent company, Six Six (Holdings) Limited, relating to a mortgage liability of the parent company. The liability of the parent company at year end was £19,017 (2024: £52,217).

AEROPROFESSIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 12 -
11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
17,275
100,175
12
Related party transactions
Remuneration of key management personnel

The directors are considered to be the only key management personnel. The remuneration of the directors is given in note 3.

During the year dividends total ling £26,769 (20 24: £43,230) were paid to the directors.

Transactions with related parties

During the year the company entered into the following transactions with related parties:

Aeroprofessional Recruitment Limited

Aeroprofessional Recruitment Limited is a fellow subsidiary of Six Six (Holdings) Limited incorporated in Ireland during 2019.

In prior years the company loaned Aeroprofessional Recruitment Limited £760,778. No repayments have taken place in the current year (2024: £263,242 repaid). As at the year end, £497,536 (2024: £497,536 ) remains outstanding.

GATSCO Limited

GATSCO Limited is a related party by virtue of the fact that it is under the common control of the directors and shareholders of Aeroprofessional Limited. The company started trading on 1 January 2022.

In prior years the company loaned GATSCO Limited £85,000. No repayments have taken place in the current year (2024: £35,000 repaid). As at the year end, £50,000 (2024: £50,000) remains outstanding.

Reef Global

Reef Global is a 100% owned subsidiary of Aeroprofessional Limited based in Denmark.

During the year, the company loaned Reef Global a further £2,501 (2024: £5,192). As at the year end £8,525 (2024: £6,024) remains outstanding.

Flight Level 100 Limited

Flight Level 100 Limited is a related party by virtue of the fact that it is under the common control of the directors and shareholders of Aeroprofessional Limited. The company was incorporated in November 2021.

In prior years the company loaned Flight Level 100 Limited £500. As at the year end £500 (2024: £500) remains outstanding.

13
Parent company

The controlling party is the parent company, Six Six (Holdings) Limited, by virtue of its 95% voting rights in Aeroprofessional Limited. There is no ultimate controlling party.

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