REGISTERED NUMBER: SC774046 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Phoenix Flight Training Cumbernauld Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

J Allan

REGISTERED OFFICE:

12 Carrick Vale

Motherwell

ML1 5RP

REGISTERED NUMBER:

SC774046 (Scotland)

ACCOUNTANTS:

William Watson & Company Accountants Ltd

51 Lynnhurst

Uddingston

G71 6SA

FIXED ASSETS

Tangible assets

4

553

652

CURRENT ASSETS

Debtors

5

635

1,074

Cash at bank

29,634

20,330

30,269

21,404

CREDITORS

Amounts falling due within one year

6

31,240

25,882

NET CURRENT LIABILITIES

(971

)

(4,478

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(418

)

(3,826

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(518

)

(3,926

)

(418

)

(3,826

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 November 2025 and were signed by:

J Allan - Director

1.	STATUTORY INFORMATION

Phoenix Flight Training Cumbernauld Ltd is a private company, limited by shares , registered in Scotland. 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

and 30 June 2025

766

DEPRECIATION

At 1 July 2024

114

Charge for year

99

At 30 June 2025

213

NET BOOK VALUE

At 30 June 2025

553

At 30 June 2024

652

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other debtors

635

1,074

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

-

2

Taxation and social security

(240

)

400

Other creditors

31,480

25,480

31,240

25,882

7.	PROVISIONS FOR LIABILITIES

Deferred

tax

£

Balance at 1 July 2024

(1,074

)

Utilised during year

871

Unused amounts reversed during year

(19

)

Balance at 30 June 2025

(222

)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 June 2025 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

William Watson & Company Accountants Ltd

51 Lynnhurst

Uddingston

G71 6SA

3 November 2025