Flugplatz SPV Limited

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

Registered number: 14206592

		31 December 2024		30 June 2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	427,101		262,777
Debtors	5	2,043		1,343
Cash at bank and in hand		1,439		123,298

		430,583		387,418
Creditors: Amounts Falling Due Within One Year	6	(426,550 )		(385,133 )

NET CURRENT ASSETS (LIABILITIES)			4,033		2,285

TOTAL ASSETS LESS CURRENT LIABILITIES			4,033		2,285

NET ASSETS			4,033		2,285

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			3,933		2,185

SHAREHOLDERS' FUNDS			4,033		2,285

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Flugplatz SPV Limited

Balance Sheet (continued)

As At 31 December 2024

For the period ending 31 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

Markus Zeller

Director

5 November 2025

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

1. General Information

Flugplatz SPV Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14206592 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, England, 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. 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.

Service charge income is recognised as revenue in the period to which it relates.

Sale of trading properties

Turnover from the sale of trading properties is recognised in the income statement when the significant risks and rewards of ownership have been transferred to the buyer, which is usually at the completion.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Flugplatz SPV Limited

Notes to the Financial Statements (continued)

For the Period 1 July 2024 to 31 December 2024

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.5. Reporting Period

The comparative figures are for a full year, while the current period covers the shortened accounting period from 1 July

2024 to 31 December 2024.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2024: 2)

4. Stocks

	31 December 2024	30 June 2024
	£	£
Stock - Properties under development	427,101	262,777

5. Debtors

	31 December 2024	30 June 2024
	£	£
Due within one year
Prepayments and accrued income	700	-
Other debtors	1,343	1,343

	2,043	1,343

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	30 June 2024
	£	£
Accruals and deferred income	1,440	720
Directors' loan accounts	709	712
Amounts owed to group undertakings	424,401	383,701

	426,550	385,133

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Flugplatz SPV Limited

Notes to the Financial Statements (continued)

For the Period 1 July 2024 to 31 December 2024

7. Share Capital

	31 December 2024	30 June 2024
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

Included in creditors due within one year is an amount of £424,401 (2024:£383,701) owed to its group undertaking. The amount is interest free and repayable on demand.

Included in creditors due within one year is an amount of £709 (2024: £712) owed to its directors. The amount is interest free and repayable on demand.

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Elite Capital Group Limited . Elite Capital Group Limited was incorporated in England and Wales. Copies of the parent company's financial statements may be obtained from the secretary, 809 Salisbury House 29 Finsbury Circus, London, England, United Kingdom, EC2M 7AQ .

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