REGISTERED NUMBER: 03014804 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

RIDGWAY AVIATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T R Jones

S R Jones

SECRETARY:

T R Jones

REGISTERED OFFICE:

Earthmover House

Ridgway Business Park

St Martins

Shropshire

SY11 3PZ

REGISTERED NUMBER:

03014804 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

5

351,823

123,778

CURRENT ASSETS

Stocks

2,846

2,846

Debtors

6

7,046

2,787

Cash at bank

1,089

676

10,981

6,309

CREDITORS

Amounts falling due within one year

7

295,162

46,058

NET CURRENT LIABILITIES

(284,181

)

(39,749

)

TOTAL ASSETS LESS CURRENT LIABILITIES

67,642

84,029

PROVISIONS FOR LIABILITIES

8

39,424

21,613

NET ASSETS

28,218

62,416

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

9

59,843

29,843

Retained earnings

9

(31,627

)

32,571

SHAREHOLDERS' FUNDS

28,218

62,416

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 4 November 2025 and were signed on its behalf by:

T R Jones - Director

1.	STATUTORY INFORMATION

Ridgway Aviation Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

These financial statements are for the individual entity only.

These financial statements are presented in Sterling (£), rounded to the nearest £1.

At the year end the company had net current liabilities of £284,181 (2024: £39,749) and net assets of £28,218 (2024: £62,416). The company finances its working capital requirements via loans from other group companies. The director has reviewed the support of group companies and fully expect it to continue for the foreseeable future. The director therefore considers the going concern basis to be appropriate.

Tangible fixed assets

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

Landing strip

-

not provided

Buildings and Hangers

-

25% on cost

Aircraft

-

not provided

Plant and Machinery

-

10% on cost

Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the asset and the costs attributable to bringing the asset to it working condition for its intended use.

The directors have reviewed the valuation of the aircraft asset category and are not depreciating it on the basis that the carrying value exceeds the expected residual value.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Buildings

Landing

and

Plant and

strip

Hangers

Aircraft

Machinery

Totals

£

£

£

£

£

COST OR VALUATION

At 1 May 2024

20,173

19,891

131,865

16,052

187,981

Additions

-

-

195,000

3,636

198,636

Revaluations

-

-

30,000

-

30,000

At 30 April 2025

20,173

19,891

356,865

19,688

416,617

DEPRECIATION

At 1 May 2024

-

19,891

30,023

14,289

64,203

Charge for year

-

-

-

591

591

At 30 April 2025

-

19,891

30,023

14,880

64,794

NET BOOK VALUE

At 30 April 2025

20,173

-

326,842

4,808

351,823

At 30 April 2024

20,173

-

101,842

1,763

123,778

Cost or valuation at 30 April 2025 is represented by:

Buildings

Landing

and

Plant and

strip

Hangers

Aircraft

Machinery

Totals

£

£

£

£

£

Valuation in 2024

-

-

29,843

-

29,843

Valuation in 2025

-

-

30,000

-

30,000

Cost

20,173

19,891

297,022

19,688

356,774

20,173

19,891

356,865

19,688

416,617

If the aircraft had not been revalued it would have been included at the following historical cost:

30.4.25

30.4.24

£

£

Cost

297,022

102,022

Aggregate depreciation

43,880

30,022

The aircraft was valued on an open market basis on 30 April 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

1,500

-

Other debtors

5,546

2,787

7,046

2,787

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

1,696

-

Amounts owed to group undertakings

289,466

42,058

Other creditors

4,000

4,000

295,162

46,058

8.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

Accelerated capital allowances

39,424

21,613

Deferred

tax

£

Balance at 1 May 2024

21,613

Charge to Income Statement during year

17,811

Balance at 30 April 2025

39,424

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2024

32,571

29,843

62,414

Deficit for the year

(64,198

)

(64,198

)

Revaluation in the year

-

30,000

30,000

At 30 April 2025

(31,627

)

59,843

28,216

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A. (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY